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 details and click ‘Get Rates’.
USD to CAD Market Data
US dollar (USD) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the USD to CAD 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 US dollar against the Canadian dollar is to review how the USD/CAD rate has changed over time.
The table below shows the percentage change in the USD to CAD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
#FX Update: USD/CAD drops to 1.3701 (below 3M avg) as US jobless claims rise. USD weakens on Fed rate cut talk while CAD pressured by trade deficit. Analysts watching upcoming US jobs data + oil prices (~$67) for next big move
To help you understand the real-world value of the current exchange rate, the table below shows how much US dollar are worth in Canadian dollar across a range of amounts.
This gives a quick view of what you’d get when converting different USD amounts at today’s rate * :
The standard OFX USD-CAD rate is 1.3446, -1.8% 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
US dollar (USD) to Canadian dollar (CAD) rates from different sources before making a conversion.
The above
Dollar to Loonie 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 USD-CAD mid-rate and the possible savings of using various providers.
How do USD-CAD rates compare between providers?
Looking at the
full comparison table
the best USD to CAD exchange rate is 1.362 from OFX, -0.5% from the mid-market rate 1.3688. The next best rate is 1.3606 from XE, -0.6% from the mid-rate. Then Wise with 1.3599 is -0.65% from the mid-rate.
The Western Union rate is 1.3551 which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 1.2693 at -7.3% the Wells Fargo Bank rate is 1.2611 at -7.9% and the Citibank rate is 1.3241 at -3.3% compared to the mid-rate 1.3688.
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.