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’.
CAD to USD Market Data
Canadian dollar (CAD) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
CAD to USD is at 90-day highs near 0.7359, 2.6% above its 3-month average of 0.717, having traded in a relatively stable 6.1% range from 0.6933 to 0.7359
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:
#CAD holding steady vs USD despite oil price dip, trading at 0.7359 (up 2.6% from 3-month avg). Analysts warn continued oil decline could pressure CAD in mid-term. USD weakness continues on Trump tariff worries & Fed rate cut expectations - traders watching US consumer sentiment data for direction
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 * :
The standard OFX CAD-USD rate is 0.7194, -2.2% from the mid-rate. Visit OFX here to secure the better rate.
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 comparison table
the best CAD to USD exchange rate is 0.7321 from OFX, -0.5% from the mid-market rate 0.7358. The next best rate is 0.7315 from Wise, -0.58% from the mid-rate. Then XE with 0.7314 is -0.6% from the mid-rate.
The Western Union rate is 0.7285 which is -0.99% from the mid-rate.
Among the banks the TD Bank rate is 0.7264 at -1.3% the Scotiabank rate is 0.7107 at -3.4% and the Royal Bank of Canada rate is 0.7200 at -2.1% compared to the mid-rate 0.7358.
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.
Recent analyst forecasts indicate that the Canadian dollar (CAD) is currently supported by rising oil prices, which bolster its appeal as a commodity-linked currency.