If you are wondering what 1 Canadian Dollar buys in Vietnamese Dong right now, the answer depends heavily on which service you use. Our research found that exchange rates for 1 CAD to VND range from approximately 18,750 VND to 19,328 VND depending on the provider, a difference that adds up quickly on larger transfers. This guide compares live rates from Wise, Revolut, and Remitly, explains why the two currencies trade where they do, and shows you step by step how to get the most dong for your Canadian dollars.
Last checked: 2026-05-27
Mid-market rate: 1 CAD = 19,089 VND · Best rate: 1 CAD = 19,133 VND (Remitly) · Provider with fee: Remitly charges 1.99 CAD fee · Current range: 19,085.74 – 19,098.59 (Investing.com)
How we researched this
Last checked: 2026-05-27.
Sources reviewed: Wise currency converter and comparison pages, Revolut CAD-to-VND history page, Remitly Canada-to-Vietnam corridor page and promotional converter, OFX live rates page, BiyaPay rate comparison dashboard, RemitFinder Canada-to-Vietnam page, Western Union CAD-to-VND converter.
What we did not do: no on-site currency exchange visits, no forward rate predictions, no analysis of historical trends beyond the 30-day volatility bands available on provider pages.
Key figures at a glance
- 1 CAD = 19,328.30 VND with Remitly’s new-customer promotional rate (Remitly)
- Up to 578 VND (roughly 3%) separates the highest and lowest published CAD-to-VND rates among major services (Revolut, Remitly)
- Wise recorded a high of 19,404.10 VND and a low of 19,068.00 VND per CAD over the past month (Wise)
| Metric | Value |
|---|---|
| Mid-market rate | 1 CAD = 19,089–19,144 VND |
| Best published rate | 1 CAD = 19,328 VND (Remitly, new-customer promo) |
| Remitly standard corridor rate | 1 CAD = 19,188 VND + 1.99 CAD fee |
| Current rate range | 18,750 – 19,328 VND across major providers |
| 30-day volatility band | ~1.8% (19,068 – 19,404 VND per CAD) |
| Providers compared in this guide | 4 (Wise, Revolut, Remitly, OFX) |
How Much Is $1 CAD to VND?
That depends on the provider. As of the latest research snapshots, the spread among major online services is wide enough to matter. At the low end, Revolut shows a rounded “today’s rate” of 1 CAD = 18,750 VND. At the high end, Remitly offers a new-customer promotional rate of 1 CAD = 19,328.30 VND. The gap between those two figures is 578 VND per Canadian dollar — or 57,800 VND on a 1,000 CAD transfer.
Current exchange rate from top providers
Wise publishes its CAD-to-VND rate on two different pages, and they do not always agree. Its dedicated currency converter shows approximately 1 CAD = 19,030–19,031 VND, while its Remitly comparison page lists a mid-market rate of 19,144.4 VND. Both figures are explicitly labeled as the mid-market exchange rate, meaning Wise passes the wholesale rate directly to customers with only a transparent transfer fee added on. That fee is 9.99 CAD for larger transfers on the comparison page, which means Wise makes money on the fee, not on the spread.
OFX, another mid-market-style provider, listed a live rate of 1 CAD = 19,032.453076 VND on May 25, 2026, with an inverse rate of approximately 0.000053. Its chart showed a recent average around 19,113.37 VND per CAD, which aligns broadly with Wise’s 30-day average band of roughly 19,113.4 VND.
Revolut displays a live reference of 1 CAD = 18,846.1097 VND alongside a separate rounded table showing 1 CAD = 18,750 VND and 10 CAD = 187,501 VND. The lower figure is the one Revolut uses for in-app conversions without explaining whether it includes a built-in margin. Compared to Wise’s and OFX’s roughly 19,030+ VND per CAD, Revolut’s published rate implies a meaningful FX spread for CAD-to-VND conversions.
Mid-market rate and spread
The mid-market rate is the exchange rate banks and large institutions use when trading currencies with each other. It is the true wholesale price, unmanipulated by service fees or margins. Wise and OFX both publish rates very close to this benchmark, typically within a fraction of a VND.
Remittance specialists like Remitly do not always compete on mid-market parity. Remitly’s standard corridor page for Canada-to-Vietnam lists 1 CAD = 19,187.73 VND, which is slightly above the mid-market band from Wise and OFX. That is unusual — most providers sit below the mid-market rate. Remitly offsets this by charging a flat fee of 1.99 CAD per transfer. For new customers, the promotional rate climbs to 19,328.30 VND per CAD, which surpasses even Wise’s comparison-page mid-market figure. Remitly markets these attractive rates as “no hidden fees,” though the platform’s business model typically bundles some margin into the exchange rate itself.
The practical implication is straightforward: comparing both the exchange rate and any flat fee together is the only way to know which provider gives you the most dong in the end. A provider with a slightly worse rate but no fee can outperform a provider with a slightly better rate and a 2 CAD charge on small transfers. For readers looking to understand how CAD performs against other major currencies, American Dollar to Canadian Dollar: Live USD to CAD Rate and Canadian Dollar vs US Dollar: Live Rate, Chart & Forecast provide additional context on CAD strength.
Tip: When comparing providers, calculate the total VND received after fees, not just the exchange rate. Remitly’s promotional rate looks best on paper, but subtract the 1.99 CAD fee to see the true net value for your specific transfer amount.
| Provider | Exchange Rate (1 CAD) | Fee | Best Use Case |
|---|---|---|---|
| Wise | ~19,030–19,144 VND | Transparent, varies by amount | Transfers where mid-market rate transparency matters |
| Revolut | 18,750–18,846 VND | Built into rate | Revolut account holders who already hold CAD |
| Remitly | 19,188–19,328 VND | 1.99 CAD | New customers; Canada-to-Vietnam corridor |
| OFX | 19,032.45 VND | No fee for most transfers | Larger transfers where mid-market access adds up |
What the rate spread means for your transfer
On a single 1,000 CAD transfer, the difference between Revolut’s rounded rate (18,750 VND) and Remitly’s promotional rate (19,328 VND) is 578,000 VND in the recipient’s pocket. That is a substantial gap that comes purely from choosing a different service. Aggregator platforms like BiyaPay and RemitFinder, which compare 16 or more providers in real time, can help identify the day’s best rate without checking each provider individually. RemitFinder’s data on the captured day showed Instarem offering 1 CAD = 19,052.8079 VND, and noted that Panda Remit and Sendwave were also competitive, illustrating that the field extends well beyond the four providers highlighted here.
Why Is the Canadian Dollar So Weak?
The Canadian dollar’s value against the Vietnamese dong reflects a combination of domestic economic forces and global market dynamics. A lower CAD means each dollar buys fewer dong, which directly affects how much Vietnamese recipients receive when Canadians send money home.
Interest rate differentials
Interest rate differences between Canada and the United States — where the U.S. dollar serves as the world’s primary reserve currency — heavily influence CAD’s direction. When the Bank of Canada cuts rates faster or lower than the U.S. Federal Reserve, the interest rate advantage that attracts foreign capital to Canadian assets shrinks. That reduced demand for Canadian dollars puts downward pressure on the CAD’s value in foreign exchange markets. The Federal Reserve Financial Services division notes that, beginning September 22, 2025, it began posting Canadian exchange rates weekly, reflecting increased institutional attention to CAD-related flows during periods of rate divergence.
Commodity prices
Canada is a major exporter of oil, metals, and agricultural products. Commodity prices are a significant driver of CAD because strong global demand for Canadian exports generates Canadian dollar demand in return. When oil prices fall, the Canadian dollar tends to weaken because the country’s largest export earns less foreign currency. Vietnam, while an emerging market, is less directly tied to commodity cycles, which means currency movements between CAD and VND do not always move in lockstep with commodity price swings.
Economic performance
Broad economic indicators — GDP growth, employment data, inflation readings — shape how global investors view a currency. Strong economic data supports a stronger currency because it signals that the country is generating returns and stability for investors. Canada’s economy, while diversified, has shown sensitivity to housing market conditions, trade policy with the United States, and resource sector performance. When these factors are in flux, the CAD can experience volatility that shows up in the 30-day trading bands visible on Wise’s converter, which recently ranged from 19,068 to 19,404 VND per CAD — a 1.8% swing that can meaningfully affect transfer timing decisions.
Note: The Canadian dollar’s “weakness” is relative. At roughly 19,000+ VND per CAD, one Canadian dollar still buys a large quantity of Vietnamese dong in nominal terms. The practical concern for senders is not the absolute value but whether the rate is trending favorably and whether transfer fees are eating into the nominal advantage.
Why Is the Vietnamese Dong So Weak?
The Vietnamese dong’s value against the Canadian dollar tells a different story than a simple currency-versus-currency comparison. The dong’s apparent weakness is a product of structural economic factors specific to Vietnam rather than a sign of economic failure.
Inflation
Vietnam has historically experienced higher inflation rates than Canada, which erodes the purchasing power of the dong over time. When a currency consistently loses purchasing power internally, its external value must adjust downward to reflect the fact that each unit of currency is worth less in real terms. High inflation relative to trading partners is a primary driver of long-run nominal exchange rate depreciation for emerging-market currencies like the VND.
Peg to the US dollar
The State Bank of Vietnam manages the dong with a managed floating exchange rate system that allows fluctuation within a band around a central rate, typically referencing the U.S. dollar. This means VND’s movement against the Canadian dollar is partly a function of VND’s movement against the U.S. dollar. If the VND is held stable or slowly depreciates against USD, its movement against CAD depends heavily on how CAD performs against USD. Finder’s USD-to-VND market rate page cites 1 USD = 25,375 VND, serving as a reference point for the VND’s nominal level against the world’s dominant reserve currency.
Economic structure
Vietnam’s economy is still developing, with a large agricultural sector, growing manufacturing base, and increasing integration into global supply chains. Emerging-market economies typically have currencies that trade at lower nominal values than developed-economy currencies because their price levels are lower. The high nominal exchange rate of VND (thousands per CAD or USD) reflects Vietnam’s lower price level relative to Canada, not necessarily economic weakness. As Vietnam’s economy grows and its price level rises, the nominal exchange rate will eventually need to adjust — but for now, senders should focus on the rate they get rather than the nominal number.
Watch out: Some providers advertise a higher exchange rate but load the cost into a percentage-based fee rather than a flat fee. Always check the total cost of the transfer — rate plus all fees — before choosing a provider. A rate that looks 1% better can be wiped out by a 2% fee on the transferred amount.
Our pick
Best for most people sending CAD to VND: Remitly (new-customer promotional rate) or Wise (for transparent mid-market pricing on larger transfers).
If you are a first-time user of Remitly’s Canada-to-Vietnam corridor, the promotional rate of 1 CAD = 19,328.30 VND currently beats everything else in the market, even accounting for the 1.99 CAD fee. For amounts above roughly 200–300 CAD, the rate advantage outweighs the flat fee. On a 500 CAD transfer, that promotional rate delivers approximately 9,664,150 VND before fees, versus approximately 9,516,250 VND at Revolut’s rounded rate — a difference of roughly 147,900 VND.
If you prefer transparent mid-market pricing with no spread built into the exchange rate, Wise is the stronger choice. Its explicit labeling of the mid-market rate lets you verify exactly what you are paying, and its fee structure is separated from the FX rate. For recurring transfers or larger amounts where every VND counts, Wise’s model removes the guesswork from comparing offers.
How to convert CAD to VND online
Most online currency converters and transfer platforms follow the same basic process. Here is how to navigate it for a CAD-to-VND conversion.
- Choose your currencies. Select Canadian Dollar (CAD) as the sending currency and Vietnamese Dong (VND) as the receiving currency. Some services ask for the recipient country rather than the currency directly.
- Enter your amount. Input the amount you want to send in CAD. Many converters show the live rate and the estimated recipient amount in real time as you type.
- Check the exchange rate. Note whether the displayed rate matches the mid-market reference rate or includes a margin. Services like Wise and OFX label the mid-market rate explicitly. Others may show a rate that is lower than the benchmark.
- Review all fees. Look for flat transfer fees, percentage-based fees, or minimum transfer amounts. Add these to the cost of your transfer when comparing total value.
- Verify recipient details. For remittance services, you will typically need the recipient’s bank account number or mobile money details. Double-check the VND account number format — Vietnam uses a specific account numbering system that varies by bank.
- Confirm and send. Review the total cost in CAD and the amount the recipient will receive in VND before authorizing the transfer. Some services offer instant delivery; others take 1–3 business days.
Note: Exchange rates change throughout the day. If your service locks in the rate at the time of transfer rather than the time of quote, the amount received may differ slightly from your initial estimate.
Those seeking the most accurate live rate should consult the 1 CAD to VND exchange rate analysis, which also highlights the cheapest transfer options.
Frequently asked questions
What is the current exchange rate for 1 CAD to VND?
As of the latest research, rates ranged from approximately 18,750 VND (Revolut’s rounded quote) to 19,328 VND (Remitly’s new-customer promotional rate) per Canadian dollar. The mid-market rate — the wholesale reference rate — sits around 19,030–19,144 VND per CAD, according to Wise and OFX.
How do I convert CAD to VND online?
Select CAD as your sending currency and VND as the receiving currency on any major currency converter or remittance platform. Enter your amount, review the exchange rate and any fees, confirm recipient details, and authorize the transfer. Wise, Revolut, Remitly, OFX, Western Union, BiyaPay, and RemitFinder all offer CAD-to-VND conversion tools on their websites or apps.
Where can I get the best CAD to VND exchange rate?
According to current data, Remitly’s new-customer promotional rate of 1 CAD = 19,328.30 VND is the highest published rate among major providers. Wise and OFX offer rates closer to the mid-market benchmark, which can be better for larger transfers where the transparent fee model outperforms promotional rates that include a flat charge. Aggregators like BiyaPay and RemitFinder compare multiple providers in real time to surface the day’s best deal.
Is it cheaper to exchange CAD to VND at a bank or using a converter service?
Banks typically apply a larger margin to the exchange rate than specialist online services. While bank counter rates may seem competitive in nominal terms, the built-in spread often means you receive fewer VND per CAD than you would through Wise, OFX, or a remittance specialist. Online services also tend to offer faster delivery and lower flat fees for international transfers.
Why is the Vietnamese dong worth less than the Canadian dollar?
The dong’s high nominal value against the CAD is primarily a result of Vietnam’s lower price level relative to Canada — a normal feature of emerging-market currencies versus developed-economy currencies. The gap is also widened by Vietnam’s higher inflation history and its managed exchange rate system, which keeps the VND stable against the U.S. dollar rather than allowing it to appreciate in nominal terms.
Sources cited
- Wise — Remitly CAD to VND comparison
- Wise — CAD to VND currency converter
- Revolut — CAD to VND history
- Revolut — Currency converter
- Remitly — Canada to Vietnam corridor
- Remitly — CAD to VND promotional converter
- OFX — CAD to VND live rates
- BiyaPay — Best CAD to VND exchange rates
- RemitFinder — Canada to Vietnam
- Western Union — CAD to VND converter
- Federal Reserve Financial Services — Canadian exchange rates
- Finder — USD to VND market rate