Wise exchange rate.
Sending money with Wise? Find out the rate Wise uses to transfer money to United States
How does Wise exchange rate compares against other providers?
| Provider | Transfer time | Transfer fee | Exchange rate | Recipient gets |
|---|---|---|---|---|
 | Instant-2 Days | 14.57 CAD | 0.6958Mid-market rate 0% | 1729.35 USD |
 | 0-2 Days | 1.99 CAD | 0.6905 | 1724.88 USD |
 | 1-2 Days | 3.99 CAD | 0.68163 | 1701.36 USD |
 | 1-3 Days | 15.00 CAD | 0.6808 | 1691.79 USD |
 | 1-3 Days | 2.99 CAD | 0.66492 | 1660.3 USD |
About Wise
Wise offers international transfers with the mid-market exchange rate and low, transparent fees, to 80+ countries. You can also open a Wise Account to hold, send, receive and spend 50+ currencies, with local bank details for up to 10 currencies to make getting paid from abroad painless.
- Year founded: 2011
- Coverage: available in all but a short list of unsupported countries, for payments to 80+ countries
- Currencies: 50+ currencies
- Trustpilot score: 4.5/5, from 180,000+ reviews
- Customer support: website available in 15 languages
Wise currency exchange rate
The Wise CAD to USD exchange rate is 0.6958.
Find the Wise exchange rate conveniently by checking out the Wise website or app. You can also use our comparison table to get an idea of the Wise exchange rate you need to know. Don't forget that exchange rates change all the time, and can vary depending on how you arrange your transfer.
Let's take a look at the exchange rate for some major currencies offered by Wise and how they compare to the mid-market rate.
| CAD | Wise exchange rate | Mid market rate | Markup % |
|---|---|---|---|
[exchange-rate-1-currency-code] | [exchange-rate-1-provider-rate] | [exchange-rate-1-midmarket] | [exchange-rate-1-markup]% |
[exchange-rate-2-currency-code] | [exchange-rate-2-provider-rate] | [exchange-rate-2-midmarket] | [exchange-rate-2-markup]% |
[exchange-rate-3-currency-code] | [exchange-rate-3-provider-rate] | [exchange-rate-3-midmarket] | [exchange-rate-3-markup]% |
Where to find the Wise exchange rate
Normally the easiest way to find the Wise exchange rate is on their website or app. You may find you need to create an account or model a money transfer online or in the Wise app to understand the exchange rates and fees that may apply to your payment.
Does Wise use the mid-market exchange rate?
The Wise CAD to USD rate today is 0.6958.
This is 0% than the mid market rate. This means that Wise does not use the mid-market rate, but rather adds a mark-up (an extra fee) to the rate used for transferring money abroad.
This means that Wise uses the mid-market rate and does not add a mark-up to the exchange rate used for transferring money abroad.
The mid-market exchange rate matters because it's the rate banks and money transfer services get when they buy currencies themselves. That makes it a good benchmark to compare when you're checking out the fees charged by different services offering currency conversion and international payments.
Why does the mid-market rate matter?
The mid-market exchange rate is the rate which is used when currencies are bought and sold on wholesale markets. That means it’s the rate your bank or international transfer provider gets when they buy and sell currencies themselves.
The mid-market exchange rate isn’t usually passed on to customers sending or converting smaller amounts of currency. Instead, banks and currency services add a markup or margin - an extra fee - to the mid-market rate to calculate the retail exchange rate they offer customers.
Adding a markup to the exchange rate used for international payments is very common. However, it makes it very hard to see exactly what you’re paying for your transfer, as this fee is bundled up into the rate applied rather than transparently displayed. Exchange rate markups vary widely depending on the currency, value of a payment, and the provider itself - around 3% is typical. That doesn’t sound like too much, but it mounts up quickly, and can often cost more than the transfer fee you’re charged. Learn more about mid-market rate here.
How much does Wise charge for rate exchange?
The Wise rate today is 0% than the mid market rate. This difference represents the fee that Wise charges for currency exchange.
Currency exchange services, banks and money transfer providers often use exchange rate markups. These fees cover the provider's costs, and allow them to make a profit, they're businesses after all. However, what's tricky is that some companies state that they offer fee free, or 0% commission transfers, when actually they just bundle their fees into their exchange rates. To understand the full costs of your international payment it's important to look at both any upfront transfer fee the provider charges and any extra charges tucked into the rates used.
Here are the fees and rates available for different sending amounts with Wise:
| Sending | Exchange rate | Fee | Recipient gets |
|---|---|---|---|
2500 CAD-[exchange-rate-1-currency-code]
| [exchange-rate-1-provider-rate] | [exchange-rate-1-provider-fee] CAD | [exchange-rate-1-received-amount] USD |
2500 CAD-[exchange-rate-2-currency-code]
| [exchange-rate-2-provider-rate] | [exchange-rate-2-provider-fee] CAD | [exchange-rate-2-received-amount] USD |
2500 CAD-[exchange-rate-3-currency-code]
| [exchange-rate-3-provider-rate] | [exchange-rate-3-provider-fee] CAD | [exchange-rate-3-received-amount] USD |
Compare Wise rates and fees
When it comes to sending money overseas, exchange rates are important. But they're not the only factor to consider. The number of supported countries or currencies, the speed of your payment, the convenience of arranging a transfer, and the customer service on offer if you need help all matter too.
Here are a few Wise alternatives, and why you might want to consider them:
Wise international transfer time
To make a Canadian Dollar to US Dollar transfer with Wise, it will take Instant-2 Days. Generally, the length of time it takes to transfer money from Canada to United States depends on a variety of factors including:
- the provider you use
- your chosen payment method
- how you want your recipient to get the money
- any public holidays
- legally required verification steps here or in the destination country
From among our pick of the top providers, the fastest international money transfer provider from Canadian Dollar to US Dollar is Wise, which can deliver US Dollar in Instant-2 Days.
Wise transfer limit
There are limits to how much money you can send with Wise. These sending limits vary from country to country, and may also depend on other factors like the verification steps you’ve taken to register your Wise account and how much money you've sent with Wise in the past.
Is Wise safe?
It is safe to transfer money with Wise.
When you're looking for the safest ways to send money from Canadian Dollar to US Dollar you'll usually want to look out for providers which are registered with and operate under the regulatory authority for the country you're transferring from. Read here about the safety of using Wise for international money transfers.
Wise exchange rate FAQ
Using a specialist money transfer service often means you'll get a better exchange rate compared to your bank - however, the exact details depend on your own bank and the payment you’re sending. Get your bank’s exchange rate online or by calling your local branch, and compare it to the Wise rate to see which is best for you.
The Wise rate today is 0% less than the mid market rate. This difference represents the fee that Wise charges for currency exchange.
The Wise CAD USD rate today is 0.6958.
Find the Wise exchange rate on their website or app, or using this handy guide. You may have to register an account in the Wise app to understand the exchange rates and fees that may apply to your payment.
To make a Canadian Dollar to US Dollar transfer with Wise, it will take Instant-2 Days. However, bear in mind that the exact delivery time for any international transfer can vary based on factors like verification steps required, public holidays, and the value of the payment.