Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 100% of Canada to Panama searches, and was the top rated company out of 4 that support CAD to PAB.
So for a great mix of cost, speed & features, make your Canada to Panama transfer using Wise.
How to get the best deal on your Canada to Panama transfer
Important things to consider before sending money from Canada to Panama
Don't settle for the first option. Always compare ways to send money from Canada to Panama to find out about fees, speed, and reliability.
Our analysis included 4 providers that operate between Canada and Panama.
Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to Panama.
Cheapest way to send money to Panama from Canada: Wise
Data collected over the past six months shows that Wise is 0% cheaper than the second-best option.
The $165.85 transfer cost represents the most common fee for CAD to PAB international transfers, based on data from the past six months.
If you want to secure the best rates on a CAD to Panama transfer, make sure you pick Wise to send your money online.
*The most common fee applied to CAD-PAB by Wise, based on data from the past six months.
Fastest way to send money from Canada to Panama: Wise
Our data shows that Wise came up as the fastest way to send money from Canada to Panama in 96.6% of searches. This makes them well suited to urgent CAD to PAB money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Canada to Panama - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Wise is your best choice at the moment. This service emerged as the quickest way to send money to Panama from Canada in 96.6% 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 Panama, it’s the provider that will keep you safe and relaxed while your money moves into PAB.
Understanding the costs involved when moving money from Canada to Panama
When calculating the costs of money transfers between Canada and Panama, here's what really matters:
The Mid-Market Rate: Today, the CAD-PAB mid-market rate equals 0.733969 PAB per Canadian Dollar.
The CAD-PAB average exchange rate for the past three months has been 0.7488 PAB per Canadian Dollar, with a high of 0.7598 and a low of 0.7284.
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 PAB.
How to find the best exchange rate for Canada to Panama
Timing is essential for sending money between CAD and PAB. The exchange rate you secure impacts how much PAB you get for your CAD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from CAD to PAB has seen some fluctuation. On average, it stood at 0.7488.
During this period, the highest value recorded was 0.7598, while the lowest was 0.7284.
Wise, which is our recommended service to send money online from Canada to Panama offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best CAD-Balboa 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 Panama!
Payment methods available to fund your Canada to Panama transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Panama 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 Panama.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to PAB.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.