About CAD and AUD
Many Aussies have connections with people in Canada who want to send money to them for various reasons. If you ever want to send money to a loved one in Australia from Canada, or you are engaged in a business deal and you need to send money from Canada to Australia then have no worries.
That is because, money transfer between these two states has been going on for decades and technology has today made things easier. XE Money and some other excellent options that we have recommended here will protect the integrity of your money and make sure that it reaches its destination safely. This is exactly what you want.
Best way to send money from Canada to Australia
There are many ways that you can use to send money to Australia from Canada. You just have to look into them and decide which one has the qualities that suit your transfer. The most unrivaled form of money transfer today is provided by online money transfersystems like XE Money, Currency Fair and Xoom among others as shown here at Exchange Rate IQ.
Another way in which you can Transfer money from Canada to Australia is through banks using bankers’ checks and international money orders. Direct cash transfer options like Western Union, and Money2anywhere offer quick cash transfer from Canada to Australia in a matter of minutes. Understand that depending on the service you select, you have to use online accounts while others prefer direct cash deposit or credit card payments.
3 Things to consider when you want to send money from Canada to Australia
Several factors have to be put into consideration when you want to convert CAD to AUD. These factors have been well researched and put in place to make sure that you get the most out of your transfer. 3 important things to consider when choosing the best way to send money from Canada to Australia;
Exchange rates
This ranks first in the list and is very crucial if you want to get the most out of your CAD. Different service providers will have different CAD to AUD exchange rates. Because these rates are always shifting, it vital that you choose service provider with updated values.
To be more accurate, you can rely on Exchange Rate IQ for this information. You have to be careful and look for the best-updated rate across all platforms that offer these services.
How long does the transfer take?
Time is money and there is no doubt that the two are correlated. Here at Exchange Rate IQ, we give you several options that you can use when sending money to Australia from Canada fast to avoid unnecessary delays that may not impress the recipient.
Transfer limits
There are some money transfer services that have limits when it comes to how much money you can send and receive. You have to ask if you are offered a fee-free rate in case you are transferring large amounts of money. Also, you have to know the minimum amount that your service providers serve as this will help you get the most value for your money.
Fastest way to send money to Australia from Canada
The proven fastest way to send money from Canada to Australia is through online money transfer companies such as XE Money and Ria and others as shown above. Compare their exchange rates with our calculators here at Exchange Rate IQ.
First of all, it is difficult to make a wrong transfer because most companies proof check and give you the option of confirming your selected address again before making the transfer. If you have already made the transfer, some service providers have a time, mostly 30 minutes in which you can cancel the transaction before it reaches its destination.
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You will need to provide the address you are sending to, your personal information as well as open an account in case of banks or register online for money transfer service. Most online transfer services will need the details of the associated smart card.
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Many online money transfer companies have strict measures to ensure that your money reaches its intended person. It is also your responsibility to make sure that your information remains discreet to avoid breach.
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Current Exchange Rate(Mid Market) :- 1.1 AUD/CAD
Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
- Selling exchange rate - at which sellers are willing to sell a particular currency and
- Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.