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Guest Post: The 10 Best Warm Weather Destinations for Digital Nomads this Winter According To Wise

Posted in Commentary with tags on December 1, 2022 by itnerd

For digital nomads, the possibilities of where to work are virtually limitless. When frigid winter weather rolls around, it’s natural for those who can work remotely to start thinking about snowbirding out to a more temperate locale far from snow, ice, and frozen flurries.

After all, when the temperatures drop, it’s hard to do your best work when all you want to do is curl up in front of the fire.

That’s why Wise put together a list¹ of the best warm cities for digital nomads to visit this winter based on an evaluation of weather, safety, and cost of living data — along with their exchange rates² with.

Canadian currency so you can make the most of your budget as you chase the sun. The list includes cities within +/- one hour of continental Canadian time zones, so it will be easy to adapt your schedule and stay in touch with everyone you work with.

1. Medellin, Colombia

Nicknamed the “City of Eternal Spring” and famous for its annual Flower Festival, Medellin is an ideal place for digital nomads to go for the winter. The weather there is near-perfect during the winter months — not too hot and not too cold.

Plus, there are a variety of coworking spaces available, so you can easily find a place to set up shop and get your work done. The cost of living is very reasonable, and there are many museums, including the Museo de Antioquia, coffee farms, and nature parks to explore in your free time.

The official currency of Colombia is the Colombian peso and the exchange rate is $1,000 CAD = 3,638,960 COP

2. Quito, Ecuador

The capital of Ecuador, nestled in a valley at the base of the majestic Andes Mountains, Quito is a beautiful city built on the ruins of an ancient Incan settlement.

It’s home to a growing community of digital nomads, who are drawn to Quito for its affordable cost of living, fast internet speeds, vibrant cultural scene, and rich architectural heritage.

The city enjoys year-round mild temperatures, making it an excellent place for working remotely in the winter.

The official currency of Ecuador is the US dollar and the exchange rate is 1,000 CAD = 751.03 USD

3. Buenos Aires, Argentina

For digital nomads, Buenos Aires offers an appealing mix of mild weather, affordability, and culturally rich city life. Located in the southern hemisphere, Argentina’s bustling capital city enjoys warm weather even in the middle of winter.

While prices have been rising in recent years, Buenos Aires is still relatively affordable compared to other major cities — and for many, the chance to be surrounded by the city’s beautiful 19th-century architecture is well worth a slight cost increase.

The official currency of Argentina is the Argentine peso and the exchange rate is 1,000 CAD = 121,761K ARS

4. Bogota, Colombia

Located in the Andean mountain range and featuring a subtropical highland climate, Bogota is the sprawling capital city of Colombia and one of the largest cities in South America.

Bogota is a great place for digital nomads to go for the winter because of its temperate climate, affordable cost of living, and abundance of coworking spaces. Plus, the city is full of gorgeous colonial-era landmarks, including the Teatro Colón, and many intriguing museums and historical sites.

The official currency of Colombia is the Colombian peso and the exchange rate is 1,000 CAD = 3,638,960 COP

5. Montevideo, Uruguay

The seaside capital of Uruguay, Montevideo is an affordable city with lovely warm weather during the winter months. Revolving around the beautiful Plaza de la Independencia, Montevideo has a lively and vibrant culture, and can be an excellent place to learn Spanish.

It’s a terrific winter destination for digital nomads looking to escape the cold weather of the northern hemisphere, while still being able to work and enjoy life in a welcoming city full of fascinating Art Deco and colonial architecture.

The official currency of Uruguay is the Uruguayan peso and the exchange rate is 1,000 CAD = 29,927.60 UYU

6. San José, Costa Rica

Built on the coffee trade and brimming with elegant Victorian mansions, San José is a fantastic city for digital nomads to visit for the winter, featuring warm weather and many coworking spaces.

The cost of living is also very reasonable, and you can find apartments for rent at a fraction of the cost of what you might pay in major cities like Toronto, New York or London, while still being able to get out and enjoy world-class museums, parks, and historic buildings.

The official currency of Costa Rica is the colon and the exchange rate is 1,000 CAD = 459,990.00 CRC

7. Cali, Colombia

Cali is known for its beautiful weather, friendly people, and vibrant salsa dancing street parties. In addition, Cali is an affordable, sunny place to live a relaxed lifestyle during the winter months, with many apartments and hotels offering monthly rates.

This makes it a budget-friendly option for digital nomads who want to enjoy all that the city has to offer, including its spectacular neoclassical architecture and historic museums, without breaking the bank.

The official currency of Colombia is the Colombian peso and the exchange rate is 1,000 CAD = 3,638,960 COP

8. Mexico City, Mexico

Full of stunning historical landmarks dating back to the time of the Spanish conquistadors, Mexico City has a large community of expats and digital nomads — and there are plenty of coworking spaces, cafes, and restaurants to work from.

The weather is also perfect for spending time outdoors, and there are plenty of historic buildings, museums, and nature parks to explore. If you’re looking for a vibrant, culturally rich spot for both work and adventure this winter, Mexico City could be a great choice.

The official currency of Mexico is the Mexican nuevo peso and the exchange rate is 1,000 CAD = 14,598.10 MXN

9. São Paulo, Brazil

The sparkling financial center of Brazil, São Paulo is home to many iconic architectural landmarks, including the 1929 Martinelli skyscraper. It’s a bustling, highly populous city with a significant community of digital nomads who occupy the many co-working spaces available.

As Brazil’s richest city, São Paulo isn’t always the cheapest, but for those seeking to explore its beautiful buildings, memorable museums, and peaceful parks, it may be worth a little splurge.

The official currency of Brazil is the real and the exchange rate is 1,000 CAD =  4.002.85 BRL

10. Panama City, Panama

The capital of Panama, Panama City features a multitude of colonial-era landmarks and vibrant plazas with popular cafes that digital nomads can work from. The city’s warm weather is ideal for those who want to escape the cold, and the nightlife is vibrant.

There are also a variety of beaches to visit, and plenty of opportunities to explore the rest of Panama — or simply relax and watch the ships sailing through the city’s iconic canal. It’s the safest city on this list, although the weather isn’t always as pretty as in some other locales.

The official currency of Panama is the Panamanian balboa, and the exchange rate is 1,000 CAD = 750.75 PAB

Paying Like a Local

If you’re seeking warmer horizons this winter, there are so many exciting places where you can soak up the sun and make incredible memories, all while staying within your digital nomad budget.

Just make sure you have a good financial plan in place that enables you to pay like a local wherever you choose to roam. But adventurers beware: that’s probably not simply using your go-to Canadian bank account. From foreign transaction fees and high ATM withdrawal fees, to hidden markups in exchange rates, traditional Canadian bank accounts aren’t typically digital nomad-friendly.

Before you depart, consider setting up a Wise Account and card. Wise is everywhere money: 170 countries, 50 currencies and one card. With a Wise Account you can easily send, receive, hold, and spend money with no hidden fees³. That means paying for rent, groceries, activities and your new friends back easily in local currency.

And while many countries are digital-first, a lot of destinations — including many on this list — still prefer cash payments. With the Wise card, there’s no need to have the cash converted ahead of time. You can simply withdraw cash from local ATMs, and Wise will convert the amount automatically for you at the best conversation rate at the time for a low fee. For making purchases at places that do accept cards, the Wise Card functions like any other debit card in your wallet.

With Wise’s transparent pricing and mid-market exchange rate policy, you always know what you’re paying. That means less financial stress and uncertainty, and more time enjoying your warm weather digital nomad excursions this winter.


¹ Methodology: To compile this list, Wise looked at cities that operate within plus- or minus-one hour of continental Canadian time zones. Cities were then scored based on their rankings on third-party data sources assessing cost of living including rent (source: Numbeo), weather (source: Global Residence Index) and safety (source: Numbeo), as well as whether or not their countries offer digital nomad visas.

² Exchange rates were pulled via Wise.com on November 15, 2022.

³ Please see Terms of Use for your region or visit Wise Fees & Pricing: Only Pay for What You Use for the most up to date pricing and fee information.

Wise Deepens Roots In Canada With New INTERAC e-Transfer Request Money Feature

Posted in Commentary with tags on August 9, 2022 by itnerd

 Wise (LSE: Wise), the global technology company building the best way to move money around the world, today introduced the INTERAC e-Transfer Request Money feature, a new, more convenient way Canadians can move money into their Wise accounts. In collaboration with Peoples Payment Solutions, part of People’s Group, Wise customers can securely move Canadian Dollars between Wise and other financial institutions in Canada using their email address or mobile number with money typically available within 30 minutes.

As Canadians continue to seek out faster and more convenient payment options, Wise will continue to deepen its offering and build new features that meet the local needs of consumers and businesses in Canada. 

In fact, Wise has already launched several offerings tailored to Canadians, including the following:

  • Launched the Wise card: In November, Canadians were introduced to the Wise card. A card that is up to 4x cheaper than banks for spending abroad, giving consumers and businesses the ability to spend in USD and foreign currencies without foreign transaction fees and the usual bad exchange rates that banks may charge.
  • Introduced Auto Conversions: In March, Canadians were introduced to a new way to save on a more favourable exchange rate through Auto Conversions. Set your desired exchange rate and Wise will convert your money for you when your desired rate is met in the market.
  • Enabled INTERAC e-Transfer Payouts: As part of Wise’s commitment to meeting the local needs of Canadians, Wise has already allowed customers who receive money into their Wise account to move funds out of Wise to another Canadian account using INTERAC.

To learn more about Wise and its universal account visit https://wise.com/ca.