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Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 100% of Canada to Japan searches, and was the top rated company out of 10 that support CAD to JPY.
So for a great mix of cost, speed & features, make your Canada to Japan transfer using Wise.
How to get the best deal on your Canada to Japan transfer
Summary of recent searches
Important things to consider before sending money from Canada to Japan
Don't settle for the first option. Always compare ways to send money from Canada to Japan to find out about fees, speed, and reliability.
Our analysis included 10 providers that operate between Canada and Japan.
Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to Japan.
Cheapest way to send money to Japan from Canada: TorFx
Data collected over the past six months show that TorFx is 0.4% cheaper than the second-best option.
The $0 transfer cost represents the most common fee for CAD to JPY international transfers, based on data from the past six months.
If you want to secure the best rates on a CAD to Japan transfer, make sure you pick TorFx to send your money online.
*The most common fee applied to CAD-JPY by TorFx, based on data from the past six months.
Fastest way to send money from Canada to Japan: Wise
Our data shows that Wise came up as the fastest way to send money from Canada to Japan in 66.7% of searches. This makes them well suited to urgent CAD to JPY money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Canada to Japan - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Wise is your best choice at the moment. This service emerged as the quickest way to send money to Japan from Canada in 66.7% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send CAD from Canada to Japan, it’s the provider that will keep you safe and relaxed while your money moves into JPY.
Understanding the costs involved when moving money from Canada to Japan
When calculating the costs of money transfers between Canada and Japan, here's what really matters:
The Mid-Market Rate: Today, the CAD-JPY mid-market rate equals to 112.483695 JPY per Canadian Dollar. Keep in mind that this rate fluctuates all the time.
The CAD-JPY average exchange rate of the past three months has been 108.8538 JPY per Canadian Dollar, with a high of 111.3561 and a low of 106.6614.
Fees and Markups: That's where Wise shines, combining the best of both worlds: excellent CAD to JPY rates that are only -0.01% away from the average.
How to find the best exchange rate for Canadian Dollar to Yen
Timing is essential sending money between CAD and JPY. The exchange rate you secure impacts how much JPY you get for your CAD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from CAD to JPY has seen some fluctuation. On average, it stood at 108.8538.
During this period, the highest value recorded was 111.3561, while the lowest was 106.6614.
Wise, which is our recommended service to send money online from Canada to Japan offers an exchange rate that is only -0.01% above the mid-market rate.
Want to secure the best CAD-Yen exchange rates?
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Payment methods available to fund your Canada to Japan transfer
Bank transfers
Bank transfers are often the default option for sending money from Canada to Japan.
By using a money transfer company such as TorFx for transfers from Canada to Japan, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, TorFx is the cheapest provider for bank transfers from the 10 we tested when sending CAD to Japan.
With an average fee of CAD0 to send money from Canada to Japan, TorFx offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Canada to Japan with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from Canada to Japan, competing among a total of 10 active money transfer companies on this route. They consistently rank at the top in this category.
Credit cards
When it comes to credit card transfers from Canada to Japan, Wise emerges as our top choice of the 10 companies offering this service.
Our comparison engine's last six months of data on CAD to JPY searches show Wise has been ranked as the cheapest provider.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Japan and Canada.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Canada to Japan .
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to JPY.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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