Send money from Canada to Mexico

Highest remittance rate for converting 1 CAD to MXN = 12.17

Best way to send money from Canada to Mexico

For properly sending money from Canada to Mexico, you have to make sure that you get everything right. From the transfer agent, exchange rates, and quality of service, you need to be certain that your money is safe. At ERIQ, we point you in the right direction and help you make the right pick for sending money from Canada to Mexico with the best rates.

Many people are stuck between options when it comes to sending money from Canada to Mexico because of the many available and confusing options. Thanks to Exchange Rate IQ however, you can quickly select a suitable money transfer service and learn how services like XE Money can make life easier for you.

Country Guide - Mexico


Mid Market Rate



Mid Market Rate


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You Pay (Includes Fee $ 4.85) $ 500
Receiving Amount
$ 6142.8804
Realized Exchange Rate
transferwise CAD to MXN Exchange Rate
Best Value


Transfer Time : 3-5 Days
Transferwise is a one of the safest & leading money transfer service provider for sending money from Canada to Mexico for sending amount 500. Today’s Transferwise exchange rate for sending money from CAD to MXN is 12.4061 with a $ 4.85 fee. Based on the Exchange Rate IQ calculations it offers the Best Value for your money transfer. The realized exchange rate after considering the fees is 12.17. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bank, at multiple Transferwise partner locations. The transfer time usually range between 3-5 Days. For more detailed review of Transferwise click here

More Available Options

You can check rates of some more providers that may support your country
With a worldwide agent network of more than 314,000 locations in 144 countries and growing
Travelex is a money remittance company which is specially known for providing effective services to travelers across the world. People can transfer money online, use its money card and get currency exchanged at its stores. 
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.
With Xendpay you get the best deal and make a big difference with every transfer
<p>Trusted by millions for every kind of online global payment, Skrill now makes payments simple, secure and quick in nearly 200 countries and 40 currencies.</p>
Money2anywhere is a product of UAE Exchange LLC Ltd which has its presence in more than 30 countries with over 150 correspondent banking relationships.
There are more than 200 countries you can send to using MoneyGram. Fees vary depending on where you are sending, how much, and how you are paying

CAD to MXN - Best Money Transfer Service Review Summary

  • Which is the best option available to send money from Canada to Mexico after comparison?
  • With our real-time comparison on sending money from Canada to Mexico ,
      we have found Transferwise remittance services who are providing competitive exchange rates.
  • Top 1 companies are - ( Transferwise, 12.17 ) .
  • To remit money in the bank account of Mexico, best companies is ( Transferwise, 12.17 ).
  • Current money transfer offeres/promotions are available with money transfer services.
  • For quick money transfer from Canada to Mexico with agent service is Transferwise with exchange rate 12.17.
  • Available pay in when sending money from Canada to Mexico Bank, Creditcard, Debitcard.
  • Available pay out when sending money from Canada to Mexico Bank.
  • Other options to transfer money from Canada to Mexico are Ria, Travelex, Westernunion, Xendpay, Skrill, Money2anywhere, Moneygram .
  • The comparison result was last updated on Apr 24, 2024.
  • For the latest comparison result of Canada to Mexico, Please visit ExchangeRate IQ regularly.

About Canada and Mexico

Canada and Mexico share a lot and that is why you are likely to find so many Mexican immigrants in Canada. Nevertheless, Canada has given so many Mexican online workers job opportunities and these professionals are a major part of CAD to MXN remittance. Luckily enough, transferring money from Canada to Mexico has reached a stage where you no longer have to leave your house or comfort in the name of sending money thanks to mobile money transfer services.

How to send money from Canada to Mexico with best rates

If you want a cheap way to send money from Canada to Mexico, you have to make sure that you are extra keen on the cost of service. This applies to when using any of the available money transfer methods. Typically, there are three ways through which money transfer agents make their money. They can provide a service fee that is added to the amount you need to transfer, they can charge a percentage of what you are sending, and the worst, they can charge you secretly without your knowledge by using unreal exchange rates. The top ways for sending money from Canada to Mexico include;

Online cash transfer: Thanks to technology, you can access and manage your finances without making a step to go to the bank. Money apps are the top and cheapest way to send money from Canada to Mexico because they cut on the movement costs. Using your money app, you can send money directly to Mexico to another app or bank account. Some of the most used online money transfer agents for Canada to Mexico transfers include; TransferWise,Ria, XE Money, and WorldRemit. Money apps provide competitive exchange rates and through our website, we can direct you to some of the best options.

Bank transfers: Banks are the most common way of sending money from Canada to Mexico. That is not only because they have been in business for long, but because they are able to adapt to current situations. For example, you can access and transfer money from your bank account in Canada and make a transfer to a Mexican bank account. In the past, this was not possible and even if they could complete your transfer, you had to make your way to the bank. If you want to get the best rates with banks, you will need to do a critical comparison.

Cash delivery services: Your money can be delivered in cash from Canada to Mexico but even if you find the best exchange rates here, you should be prepared to spend a reasonable amount of money on the service. That is because most of these services are instant hence the high service fee. It is safe to say that generally, the fastest way to send money from Canada to Mexico will come at a cost regardless of whether you are using a money app or bank to transfer your money.

Things to consider when sending money from Canada to Mexico

  • Cost

You have to know exactly how much it will cost you to successfully transfer the right amount. As mentioned, transfer companies have their way of getting their cut, and also, don’t forget to consider comparing exchange rates. Like any other kind of service, quality money transfer services don’t come cheap. If you are comfortable with your money taking 3 days to one week then you can enjoy free money transfer services from Canada to Mexico.

  • Time

When sending money, you will want it to reach Mexico at the right time when the recipient is expecting it. Know that with cash transfer, the speed of transfer depends on your service provider, and the more you understand about their procedures the easier it will be for you to know when to send money. It is also beneficial to know that online money transfer services at times can experience delays. If you find yourself in such a situation, get in touch with customer care as soon as possible.

  • Pick-up

You have to think about how the person waiting for the money in Mexico is going to pick it. In fact, it is better to use a transfer company that the receiver prefers provided that it does not dig so much into your budget. On receiving the money, find out if the receiver gets charged so that you don’t send the wrong amount.


What do I need to send money from Canada to Mexico?

You will need to provide your identification details and residence just so that no illegal cash transfer is conducted. Note that you must not have a bank account to transfer your money because some cash apps allow you to keep and transfer money without involving your bank account.

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Is it safe to send money from Canada to Mexico online?

Yes. It is totally safe to send money from Canada to Mexico online provided that you choose the right transfer agent. There are some people who have fallen victim to con artists who pretend to be genuine money transfer agents. With Exchange Rate IQ, you can avoid such risks

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How long does it take to send money from Canada to Mexico?

It will depend on your transfer agent and if you are ready to afford the service you need. As stated, it may cost you a little bit more to send money using an option that will deliver the money instantly.

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Historical Mid Market Exchange Rate From Canada Dollar (CAD) to Mexico Peso (MXN) (Weekly)

Current Exchange Rate(Mid Market) :- 12.41 MXN/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.

Compare Currency Conversion CAD To MXN

Send Canada Dollar To MEXICO Receive Mexico Peso
1 CAD TO MXN 12.41
50 CAD TO MXN 620.5
100 CAD TO MXN 1241
250 CAD TO MXN 3102.5
500 CAD TO MXN 6205
1000 CAD TO MXN 12410
5000 CAD TO MXN 62050
10000 CAD TO MXN 124100
Send Mexico Peso Receive Canada Dollar From MEXICO
1000 MXN FROM CAD --
5000 MXN FROM CAD --
10000 MXN FROM CAD --

Click To Compare Money Transfer Services For The Following

Best Money Transfer Rate CAD to MXN

Company Name Live Exchange Rate
XE Money Transfer $ 12.41
Transferwise $ 12.41

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