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Best Send Money to United States CAD/USD Rates Compared Live

The best CAD to USD exchange rate is 0.7386. Compare foreign transfer and currency exchange rates, find better rates & deals.

CAD-USD Best Exchange Rate Calculator
 

Comparing CAD-USD send money exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to 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 vs the latest CAD-USD mid-rate (see below) and the possible savings of using another provider.

 
@bestfxrates : FX analysts cite mixed signals for CAD/USD. Despite recent CAD firming, potential BoC rate cuts & commodity volatility create uncertainty. CIBC sees possible USD strength by year-end but predicts a weaker USD in 2025, offering optimism for the Loonie. Watch oil prices for further clues. #Forex #CADUSD

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CAD to USD Market Data

Canadian dollar (CAD) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 CAD =
0.7386We compare provider deals to this wholesale mid-market rate. Read more
USD
+0.0%
📉3M
CAD to USD at 0.7364 is just 0.8% below its 3-month average of 0.7424, having traded in a very stable 3.2% range from 0.7339 to 0.7572
|
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DateCAD/USDChangePeriod
14 Mar 2024
0.7387
0% â–¼2 Week
29 Dec 2023
0.7541
2.1% â–¼3 Month
29 Mar 2023
0.7370
0.2% â–²1 Year
30 Mar 2019
0.7491
1.4% â–¼5 Year
31 Mar 2014
0.9045
18.3% â–¼10 Year
02 Apr 2004
0.7630
3.2% â–¼20 Year
CAD/USD historic rates & change to 28-Mar-2024
 

What are equivalent amounts of CAD and USD?

Here are some popular conversion amounts for CAD to USD (Canadian dollar to US dollar)*.

CAD USD
C$ 1 $ 0.7386
C$ 5 $ 3.6930
C$ 10 $ 7.3860
C$ 20 $ 14.77
C$ 50 $ 36.93
C$ 100 $ 73.86
C$ 250 $ 184.65
C$ 500 $ 369.30
C$ 1,000 $ 738.60
C$ 2,000 $ 1,477
C$ 5,000 $ 3,693
C$ 10,000 $ 7,386
C$ 20,000 $ 14,772
C$ 50,000 $ 36,930
C$ 100,000 $ 73,860
CAD USD
C$ 1.3538 $ 1
C$ 6.7690 $ 5
C$ 13.54 $ 10
C$ 27.08 $ 20
C$ 67.69 $ 50
C$ 135.38 $ 100
C$ 338.45 $ 250
C$ 676.90 $ 500
C$ 1,354 $ 1,000
C$ 2,708 $ 2,000
C$ 6,769 $ 5,000
C$ 13,538 $ 10,000
C$ 27,076 $ 20,000
C$ 67,690 $ 50,000
C$ 135,380 $ 100,000

More amounts

*Converted at the current CADUSD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for CAD to USD

 

Recent exchange rate forecasts for the CAD to USD pair suggest a mixed outlook for the Canadian dollar. Despite the CAD's firming against the USD, influenced by factors such as its correlation with oil prices, uncertainties loom over its future performance. FX analysts recognize the Canadian Dollar's linkage to oil prices, even as the correlation with crude oil has weakened. The market views potential interest rate cuts by the Bank of Canada as a factor that could undermine the CAD. However, optimism remains for the Loonie in the coming year, with expectations for a weaker USD against other major currencies benefiting the CAD.

Read our full review of recent CAD to USD forecasts.

 

How to get a good CAD to USD exchange rate

There are several ways to save on exchange rates when converting Canadian dollar to US dollar:

  1. Shop around for the best CAD/USD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the CAD/USD rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both CAD and USD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying US dollar with Canadian dollar, then it's better for the CAD/USD exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Will the Canadian dollar rise against the US dollar?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add CAD/USD to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to the United States - a practical currency and money guide to travel, living and doing business in the United States with the US dollar.

 
 
 

Currency Country Guides

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Setting up a business in the US as a foreigner

Setting up a business in the US as a foreigner is generally the same process as setting up a business as a US citizen. However, there may be additional legal requirements and regulations that apply to foreign nationals. It is advisable to consult with a lawyer who specializes in immigration and business law to ensure compliance with all relevant laws and regulations. Additionally, obtaining a valid work visa may be necessary in order to work in the US as a foreigner. It's important to research the specific requirements for the type of business you plan to start and the state where you plan to set it up.

Read more at our United States (USD) country guide

   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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