The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Compare Exchange Rates & Fees - Save Time & Money
Sending money to the United States can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to the United States bank accounts or pay a US dollar invoice.
CAD to USD Market Data
Canadian dollar (CAD) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the CAD to USD Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Canadian dollar against the US dollar is to review how the CAD/USD rate has changed over time.
The table below shows the percentage change in the CAD to USD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
The Canadian dollar (CAD) to Euro (EUR) exchange rate, currently at 0.6208, is slightly above its three-month average of 0.6159, demonstrating stability...
The CAD to JPY exchange rate is currently trading at 114.4, which is 3.7% above its 3-month average of 110.3, indicating a strong rally driven by various factors.
Current market bias: The CAD to USD exchange rate appears to be range-bound.
Key drivers:
- The Bank of Canada maintains its policy rate at 2.25%, while the Federal Reserve may cut rates, potentially putting downward pressure on the USD.
- Canada's job growth shows strength, with 54,000 new jobs added in November, enhancing confidence in the CAD.
- However, stagnant oil prices are hindering further gains.
Near-term range: The CAD is expected to fluctuate within a narrow range around the recent average over the next few months.
What could change it: An increase in oil prices could benefit the CAD, whereas a dip in U.S. consumer sentiment might weaken the USD further. Conversely, weak retail sales in Canada could limit any CAD appreciation.
---
CAD to USD is range-bound. Interest rate differentials favor CAD as the Fed may cut rates, while Canada added 54,000 jobs boosting confidence. Stagnant oil prices may cap gains. Expect fluctuations around the current rate as markets adjust to these trends
@bestfxrates
CAD to USD Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Canadian dollar are worth in US dollar across a range of amounts.
This gives a quick view of what you’d get when converting different CAD amounts at today’s rate * :
What is the
best Send Money conversion rate for CAD to USD?
The best CAD to USD exchange rate is 0.7268 from OFX . This is -0.51% compared to the mid-market rate 0.7305.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Canadian dollar (CAD) to US dollar (USD) rates from different sources before making a conversion.
The above
Loonie to Dollar comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest CAD-USD mid-rate and the possible savings of using various providers.
How do CAD-USD rates compare between providers?
Looking at the full
CAD to USD - Send Money comparison table the provider with the best CAD to USD exchange rate is OFX at 0.7268, -0.51% from the latest mid-market rate 0.7305.
The next best is XE at 0.7261, -0.6% from the mid-rate.
Then Wise at 0.725, which is -0.75% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency: