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Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 98.2% of Canada to Mexico searches, and was the top rated company out of 18 that support CAD to MXN.
So for a great mix of cost, speed & features, make your Canada to Mexico transfer using Wise.
How to get the best deal on your Canada to Mexico transfer
Summary of recent searches
Important things to consider before sending money from Canada to Mexico
Don't settle for the first option. Always compare ways to send money from Canada to Mexico to find out about fees, speed, and reliability.
Our analysis included 18 providers that operate between Canada and Mexico.
Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to Mexico.
Cheapest way to send money to Mexico from Canada: Remitbee
Data collected over the past six months shows that Remitbee is 0.1% cheaper than the second-best option.
The $0 transfer cost represents the most common fee for CAD to MXN international transfers, based on data from the past six months.
If you want to secure the best rates on a CAD to Mexico transfer, make sure you pick Remitbee to send your money online.
*The most common fee applied to CAD-MXN by Remitbee, based on data from the past six months.
Fastest way to send money from Canada to Mexico: Paysend
Our data shows that Paysend came up as the fastest way to send money from Canada to Mexico in 48.5% of searches. This makes them well suited to urgent CAD to MXN money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Canada to Mexico - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Paysend is your best choice at the moment. This service emerged as the quickest way to send money to Mexico from Canada in 48.5% 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 Mexico, it’s the provider that will keep you safe and relaxed while your money moves into MXN.
Understanding the costs involved when moving money from Canada to Mexico
When calculating the costs of money transfers between Canada and Mexico, here's what really matters:
The Mid-Market Rate: Today, the CAD-MXN mid-market rate equals to 14.452 MXN per Canadian Dollar.
The CAD-MXN average exchange rate for the past three months has been 13.7752 MXN per Canadian Dollar, with a high of 14.7581 and a low of 12.1738.
When looking to send money, we'd recommend Wise. On average Wise is 0% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from CAD to MXN.
How to find the best exchange rate for Canadian Dollar to Mexican Peso
Timing is essential for sending money between CAD and MXN. The exchange rate you secure impact
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from CAD to MXN has seen some fluctuation. On average, it stood at 13.7752.
During this period, the highest value recorded was 14.7581, while the lowest was 12.1738.
Wise, which is our recommended service to send money online from Canada to Mexico offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best CAD-Mexican Peso exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Canada to Mexico!
Payment methods available to fund your Canada to Mexico transfer
Bank transfers
Bank transfers are often the default option for sending money from Canada to Mexico.
By using a money transfer company such as Remitbee for transfers from Canada to Mexico, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Remitbee is the cheapest provider for bank transfers from the 18 we tested when sending CAD to Mexico.
With an average fee of CAD0 to send money from Canada to Mexico, Remitbee offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Canada to Mexico 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 Mexico, competing among a total of 18 active money transfer companies on this route.
Credit cards
When it comes to credit card transfers from Canada to Mexico, Xe emerges as our top choice of the 18 companies offering this service.
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 Mexico 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 Mexico.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to MXN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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