Pararge xiphioides, the Canary speckled wood, is a butterfly of the family Nymphalidae.

It is found in the Canary Islands on La Gomera, La Palma, Tenerife and Gran Canaria.

The larvae feed on various plants, including Brachypodium sylvaticum, Agrostis capillaris, Carex divulsa and Luzula forsteri.

It is closely related to the species Pararge aegeria.

(45a), from the Canary Islands, has the upperside darker on account of the smaller and more red-brown spots, while the underside of the hindwing is lighter, less marmorated and provided with a distinct median band, the costal part of which is shaded with white.