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Monito Score
Recipient gets
9,827 MXN
9,780 MXN
Compare 3 providers
Sorted by amount received
Monito Score
Recipient gets
9,856 MXN
9,756 MXN
Recipient gets
9,856 MXN
9,756 MXN
Monito Score
Recipient gets
9,827 MXN
9,780 MXN
Monito Score
Recipient gets
9,657 MXN
We source transfer fees, rates and other data from money transfer providers in different ways - in most cases in real time. We constantly monitor the quality of our comparison data, but we cannot guarantee its accuracy.
We found 11 providers offering money transfers to Mexico from Canada.
If you need the recipient to receive Mexican pesos in her bank account in Mexico, then InstaReM is at the moment the most competitive option with zero transfer fees and a competitive CAD-MXN exchange rate (their current rate is 1 CAD = 16.0265 MXN).
In comparison, the total cost of your transfer would be 56.83 CAD (which is roughly 13x as much) if you were to use Royal Bank of Canada for the very same transfer.
Two other options could also be good alternatives to InstaReM: XE Money Transfer and Wise.
If your recipient wants to be able to pick up Mexican pesos in cash where they live in Mexico, then Remitly is currently most competitive provider with no transfer fees and a very competitive CAD-MXN exchange rate (their current exchange rate is 1 CAD = 15.77 MXN).
In comparison, the total cost would be 22.39 CAD if you were to use MoneyGram to make the same transfer to a cash pick-up location.
This recommendation was updated a few minutes ago.
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To calculate the total cost of your transfer, we compare the exchange rate every provider applies to your transactions with the latest mid-market exchange rate data that we source from XE.