Remittance Prices Worldwide

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Sending money from CANADA to CHINA

Data collected on: Feb 17, 2025 - Feb 26, 2025
CAD | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (CAD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
0.69
Exchange rate margin(%)
1.06
Percentage difference between market reference rate 5.11 and exchange rate charged 5.06
Total cost (%)
1.41
Total cost (CAD)sort descending
2.82
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
2.30
Exchange rate margin(%)
1.06
Percentage difference between market reference rate 5.11 and exchange rate charged 5.06
Total cost (%)
2.21
Total cost (CAD)sort descending
4.42
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
5.17
Exchange rate margin(%)
1.06
Percentage difference between market reference rate 5.11 and exchange rate charged 5.06
Total cost (%)
3.65
Total cost (CAD)sort descending
7.30
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
1.99
Exchange rate margin(%)
2.65
Percentage difference between market reference rate 5.11 and exchange rate charged 4.97
Total cost (%)
3.65
Total cost (CAD)sort descending
7.30
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
1.99
Exchange rate margin(%)
2.65
Percentage difference between market reference rate 5.11 and exchange rate charged 4.97
Total cost (%)
3.65
Total cost (CAD)sort descending
7.30
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
6.90
Exchange rate margin(%)
2.26
Percentage difference between market reference rate 5.11 and exchange rate charged 4.99
Total cost (%)
5.71
Total cost (CAD)sort descending
11.42
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
6.90
Exchange rate margin(%)
2.26
Percentage difference between market reference rate 5.11 and exchange rate charged 4.99
Total cost (%)
5.71
Total cost (CAD)sort descending
11.42
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
5.99
Exchange rate margin(%)
3.14
Percentage difference between market reference rate 0.70 and exchange rate charged 0.68
Total cost (%)
6.14
Total cost (CAD)sort descending
12.28
Firm
ScotiaBank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
7.00
Exchange rate margin(%)
2.78
Percentage difference between market reference rate 0.70 and exchange rate charged 0.68
Total cost (%)
6.28
Total cost (CAD)sort descending
12.56
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
7.00
Exchange rate margin(%)
3.05
Percentage difference between market reference rate 0.70 and exchange rate charged 0.68
Total cost (%)
6.55
Total cost (CAD)sort descending
13.10
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
6.99
Exchange rate margin(%)
3.14
Percentage difference between market reference rate 0.70 and exchange rate charged 0.68
Total cost (%)
6.64
Total cost (CAD)sort descending
13.28
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
2.38
Percentage difference between market reference rate 5.12 and exchange rate charged 5.00
Total cost (%)
7.38
Total cost (CAD)sort descending
14.76
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
8.00
Exchange rate margin(%)
3.42
Percentage difference between market reference rate 5.07 and exchange rate charged 4.90
Total cost (%)
7.42
Total cost (CAD)sort descending
14.84
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
7.00
Exchange rate margin(%)
4.14
Percentage difference between market reference rate 5.11 and exchange rate charged 4.90
Total cost (%)
7.64
Total cost (CAD)sort descending
15.28
Firm
Bank of China
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
20.00
Exchange rate margin(%)
1.80
Percentage difference between market reference rate 5.11 and exchange rate charged 5.02
Total cost (%)
11.80
Total cost (CAD)sort descending
23.60
Firm
Bank of China
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
20.00
Exchange rate margin(%)
1.80
Percentage difference between market reference rate 5.11 and exchange rate charged 5.02
Total cost (%)
11.80
Total cost (CAD)sort descending
23.60
Total Average First Quarter 2025
6.10
Total Average Fourth Quarter 2024
6.68
Total Average
Fee
7.37
Exchange Rate Margin (%)
2.42
Total Cost Percent (%)
6.10
Total Cost (CAD)
12.21
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