Looking to convert Canadian dollars to Vietnamese dong? This guide pulls live rates from the top currency platforms and explains the economic forces keeping both currencies subdued. You’ll find a side-by-side provider comparison, a breakdown of why CAD and VND face headwinds, and practical steps to get the best rate on your next transfer.
Last checked: 2026-05-27
Wise: 1 CAD = ₫19,068 ·
Revolut: 1 CAD = ₫18,977 ·
XE (mid-market): 1 CAD = ₫19,089.79 ·
Remitly (special rate, fee Looking to convert Canadian dollars to Vietnamese dong? This guide pulls live rates from the top currency platforms and explains the economic forces keeping both currencies subdued. You’ll find a side-by-side provider comparison, a breakdown of why CAD and VND face headwinds, and practical steps to get the best rate on your next transfer.
How we researched this
Last checked: 2026-05-27.
Sources reviewed: currency conversion platforms (XE, Wise, Revolut, Remitly), financial data aggregators (Investing.com, Trading Economics), remittance comparison sites (RemitFinder), official central bank pages (Bank of Canada, State Bank of Vietnam), and specialist FX providers (OFX, Sendwave, Ria, WorldRemit).
We did not conduct an on-site visit to currency exchange offices, perform independent verification of rates beyond published data, or carry out a historical trend analysis across multiple years.
CAD to VND Rate Snapshot
- 1 CAD = ₫19,089.79 (XE)
- 1 CAD = ₫19,133.43 — Remitly (includes ₫1.99 fee) (Remitly)
- 1 CAD = ₫18,977 — Revolut (Revolut)
- 156.43 VND between highest and lowest provider (RemitFinder)
How much is $1 CAD to VND?
As of May 2026, the mid-market exchange rate sits around 1 CAD = ₫19,089.79, according to XE’s currency converter. However, this figure represents the interbank benchmark — the rate financial institutions use when trading among themselves. The rate you receive when converting Canadian dollars to Vietnamese dong depends on which provider you use and how they price their service.
Across the major platforms, rates for 1 CAD to VND cluster between ₫18,977 and ₫19,133 as of recent data. OFX’s Canadian site showed 1 CAD = 19,032.45 VND on May 25, 2026, while Currency.wiki reported 19,102.66 VND per CAD on May 22, 2026. The slight variations reflect different update cadences and whether a provider is quoting a mid-market or consumer rate.
How providers set their rates
Most online converters distinguish between a mid-market exchange rate and a consumer rate. The mid-market rate is the midpoint between buy and sell prices on the global market — it’s the rate banks and large institutions get. Consumer-facing providers, including remittance apps and specialist transfer services, add a margin to cover their costs and generate profit.
Some providers, like Wise, explicitly market that they use the mid-market exchange rate for CAD–VND and then charge a separate, transparent fee instead of hiding their margin inside the rate. This model makes it easier to compare the true cost of a transfer.
Step-by-step conversion process
- Find the current mid-market rate on a neutral platform like XE or Currency.wiki to understand the baseline.
- Check your provider’s rate on their website or app — compare it against the mid-market rate to see how much margin they’re adding.
- Factor in any transfer fees — some providers charge a flat fee (like Remitly’s $1.99) in addition to their rate margin.
- Calculate the total cost by multiplying your CAD amount by the provider’s rate and adding the fee.
- Confirm the recipient receives the quoted VND amount — check for any additional fees on the Vietnamese side.
| Provider | Rate per 1 CAD | Fee | Mid-Market Reference |
|---|---|---|---|
| Wise | ₫19,068 | Transparent upfront fee | Uses mid-market rate + fee model |
| Revolut | ₫18,977 | Varies by plan | Consumer rate, below mid-market |
| XE (mid-market) | ₫19,089.79 | None | Interbank benchmark |
| Remitly | ₫19,133.43 | $1.99 | Special promotional rate |
| Investing.com (range) | ₫19,000–₫19,200 | N/A | Indicative market range |
Why is the CAD so weak?
The Canadian dollar has faced consistent headwinds over the past several years. One of the primary factors is Canada’s heavy reliance on commodity exports, particularly oil. When crude prices decline, the Canadian dollar tends to weaken because the country’s economy is tightly linked to energy sector performance. The Canadian dollar’s value against the US dollar often moves in tandem with oil price fluctuations.
Interest rate differentials also play a significant role. When the Bank of Canada holds rates steady or cuts them while the US Federal Reserve raises rates, the CAD loses its yield advantage relative to the USD. This creates pressure on the Canadian dollar as investors shift capital to higher-yielding US assets. The divergence in monetary policy between Canada and the United States has contributed to CAD weakness against major currencies including the VND.
Economic data releases, including GDP growth figures, employment reports, and inflation readings, also influence CAD’s performance. When Canadian economic data disappoints expectations, the currency tends to decline as traders anticipate a more accommodative Bank of Canada policy stance.
CAD vs. other major currencies
Looking at CAD’s broader performance, the USD to CAD exchange rate provides important context. A stronger US dollar means CAD buys fewer US dollars, which translates to a lower CAD value in cross-rate calculations involving other currencies like the VND. When the USD strengthens, both CAD and VND typically depreciate against it, but the magnitude of movement differs based on each currency’s specific economic fundamentals and central bank policies.
Why is VND weak?
The Vietnamese dong has historically been managed within a trading band versus the US dollar by the State Bank of Vietnam. This means VND doesn’t float freely — its value is influenced by the Vietnamese central bank’s exchange rate management policy. When USD strengthens globally, VND tends to weaken because the trading band is adjusted periodically to reflect market conditions.
Vietnam has faced elevated inflation pressures in recent years, which affects the dong’s purchasing power. High inflation erodes the real value of the currency, making it weaker in real terms. The country’s trade balance and foreign reserve levels also influence how much flexibility the State Bank of Vietnam has in managing the VND’s value against major currencies.
As of late May 2026, Trading Economics reported a USD/VND rate of 26,344.0, with a 0.05% decline from the previous session. Investing.com showed a previous close of 26,322.0 VND per USD, indicating the dong has weakened slightly in recent trading sessions.
Cross-rate mechanics
Because VND is often quoted against the US dollar in official and market data, CAD–VND rates are frequently derived via the cross-rate CAD–USD and USD–VND rather than as a directly traded pair. This means that when calculating how many dong you’ll receive for your Canadian dollars, the process involves both the CAD/USD rate and the USD/VND rate. Any movement in either pair will affect the final CAD to VND conversion.
How much is 200,000 VND in CAD?
Converting VND back to CAD requires working backwards from the USD/VND rate. Using the current USD/VND rate of approximately 26,344 as a reference, and assuming a mid-market CAD/USD rate around 1.37 (meaning 1 CAD buys approximately 1.37 USD), you can estimate the CAD value of 200,000 VND.
The calculation involves first converting 200,000 VND to USD by dividing by the USD/VND rate, then converting that USD amount to CAD by dividing by the CAD/USD rate. Roughly, 200,000 VND ÷ 26,344 = $7.59 USD, and $7.59 USD ÷ 1.37 = approximately $5.54 CAD.
For travelers heading to Vietnam, 200,000 VND is roughly equivalent to CAD $10–12 at current rates — sufficient for a budget meal or a few cups of coffee in major cities. Understanding these conversions helps you budget more effectively when traveling or sending money to Vietnam.
Implications for travelers and remittance senders
For those sending money from Canada to Vietnam, the current CAD–VND rates mean that a CAD 1,000 transfer would yield approximately 19 million to 19.1 million VND depending on the provider. RemitFinder’s comparison for CAD 1,000 transfers from Canada to Vietnam shows rates ranging between 18,534.17 and 19,160.84 VND per CAD among 16 providers, with a spread of about 626,665 VND between the worst and best rates.
What fee does Remitly charge for a CAD to VND transfer?
Remitly charges a fee of $1.99 CAD for transfers to Vietnam. In exchange, they offer a promotional rate of approximately 1 CAD = 19,133.43 VND, which is higher than many competitors. When comparing total cost, factor in both the flat fee and the rate margin.
Which provider offers the highest rate for 1 CAD?
Based on recent data, Remitly offered the highest rate of approximately 1 CAD = 19,133.43 VND for transfers from Canada to Vietnam. However, this rate includes a $1.99 transfer fee, so the net benefit depends on your transfer amount. For larger transfers, the higher rate typically outweighs the fee.
What is the rate spread between the lowest and highest provider?
The spread between the lowest observed rate (Revolut at 1 CAD = 18,977 VND) and the highest (Remitly at 1 CAD = 19,133.43 VND) is approximately 156.43 VND per CAD. On a CAD 1,000 transfer, this spread translates to roughly 156,430 VND in difference.
How does Wise’s rate compare to the mid-market rate?
Wise’s rate of approximately 1 CAD = 19,068 VND sits slightly below the mid-market benchmark of 1 CAD = 19,089.79 VND. The difference represents Wise’s margin, but unlike providers who hide their margin in the exchange rate, Wise charges a separate transparent fee and uses the mid-market rate as its baseline.
Why do exchange rates differ between providers?
Providers differ in how they source exchange rates, how frequently they update them, and how they structure their pricing. Some add a margin to the mid-market rate and charge no separate fee (like Revolut), while others use the mid-market rate and charge a flat fee (like Wise). Remittance providers often offer promotional rates to attract customers. The key is to compare the total cost — rate plus any fees — rather than the rate alone.