General Currency Info - Canadian Dollar
Representing a little more than 5% of the foreign exchange market daily turnover, the Canadian dollar (ISO: CAD) is the worldās sixth most traded currency.
Frequently called the āloonieā by foreign exchange traders due to the image of a loon (an aquatic bird) on Canadaās one-dollar coin, the currencyās value is heavily influenced by commodities prices, particularly oil. For this reason, the Canadian dollar is often labelled a āpetro-currencyā. Canada currently has the worldās third largest oil reserves and is the worldās fourth largest oil exporter.
Canadians are mostly concerned with the value of their currency against the US dollar, since nearly 80% of Canadian exports go south of the border. In the past two decades, the Canadian dollar lowest value against its US counterpart occurred in January 2002 when the CAD/USD exchange rate traded at just 0.6178. The currencyās two-decade high occurred in November 2007 (following a boom in the oil price) when CAD/USD reached 1.1041.
CAD News, Forecasts and Trends
Canadian Dollar exchange rates have gained amid Canada's economic outlook and recovering oil prices.
Get more details in the article Canadian Dollar Forecasts.
For more CAD currency market forecasts you can read the full article Canadian Dollar Forecasts. The above interactive chart shows the USD to CAD exchange rate, trend and recent alerts for the last 90 days.
US Dollar to Canadian Dollar - Historical Rates
| USD/CAD | Change | Period |
|---|
| 1.2992 27 Nov 2020 | 1.6% ā¼ | 1 Week |
| 1.3128 04 Nov 2020 | 2.6% ā¼ | 30 Days |
| 1.3063 05 Sep 2020 | 2.1% ā¼ | 90 Days |
| 1.3177 05 Dec 2019 | 3% ā¼ | 1 Year |
| 1.3368 06 Dec 2015 | 4.4% ā¼ | 5 Years |
| 1.0071 07 Dec 2010 | 26.9% ā² | 10 Years |
USD/CAD 10 year historic rates & change to 04-Dec-2020 : 1.2784
U$10,000 USD
=
C$12,784 CAD
Converted at USD/CAD interbank rate,
compare
Send Money
and
Currency Exchange
exchange rates.
US Dollar to Canadian Dollar - Quick Conversions
|
USD |
CAD |
| U$ 1 |
C$ 1.2784 |
| U$ 5 |
C$ 6.3920 |
| U$ 10 |
C$ 12.78 |
| U$ 20 |
C$ 25.57 |
| U$ 50 |
C$ 63.92 |
| U$ 100 |
C$ 127.84 |
| U$ 250 |
C$ 319.60 |
| U$ 500 |
C$ 639.20 |
| U$ 1,000 |
C$ 1,278 |
| U$ 2,000 |
C$ 2,557 |
| U$ 5,000 |
C$ 6,392 |
| U$ 10,000 |
C$ 12,784 |
| U$ 50,000 |
C$ 63,920 |
| U$ 100,000 |
C$ 127,840 |
| More amounts |
|
USD |
CAD |
| U$ 0.7822 |
C$ 1 |
| U$ 3.9110 |
C$ 5 |
| U$ 7.8220 |
C$ 10 |
| U$ 15.64 |
C$ 20 |
| U$ 39.11 |
C$ 50 |
| U$ 78.22 |
C$ 100 |
| U$ 195.55 |
C$ 250 |
| U$ 391.10 |
C$ 500 |
| U$ 782.20 |
C$ 1,000 |
| U$ 1,564 |
C$ 2,000 |
| U$ 3,911 |
C$ 5,000 |
| U$ 7,822 |
C$ 10,000 |
| U$ 39,110 |
C$ 50,000 |
| U$ 78,220 |
C$ 100,000 |
| More amounts |
Frequently Asked Questions
What currency should I use in Canada?
The domestic currency in Canada is the Canadian Dollar.
What is the Canadian Dollar currency code and symbol?
The three letter currency code for the Canadian Dollar is CAD ā symbol is C$.
Which countries use the Canadian Dollar?
It is the domestic currency in
Canada.
Is the Canadian Dollar a closed currency?
No, the Canadian Dollar is freely available and convertible. See guide: What is a closed currency?
Travel, Currency and Money saving tips for Canada
Accessing ATMs and banks is not a problem in Canada with any major credit card.
Getting around by train is a popular way of travel in Canada as it is a big place. Booking a sleeper car can be comfortable for long distance overnight stretches.Ā VIA Rail Canrailpass gives you 12 days of unlimited rail travel in Canada during a 30-day period, check VIA Rail's website for current prices. Bus travel in Canada is an economic and comfortable way to travel, Canada's system of intercity bus routes spans the entire country. Some cities also offer flexible transit passes so you canĀ have unlimited all-day, multi-day, or monthly travel.
Travel money for Canada
Save money and time by Ordering your Canadian Dollars online from Travelex, you get better rates and can pick
up the CAD cash locally or even on travel day at the airport.
Another popular option is to
use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate,
but your bank may also charge an extra 3% as an āOverseas Transaction Chargeā plus āOverseas ATMā fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to
Pay in Canadian Dollars otherwise you may get much worst exchange rates.
Send Money to Canada - Best Rates
When searching around for information on how to get a good exchange rate when sending money to Canada you need to start with finding out the latest Canadian Dollar exchange rate for foreign transfers also called International Money Transfers (IMTs), which can be very different to the wholesale rate and also to currency exchange rates.
Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much
you can save - we make that calculation easy in the below table.
Get a better deal for foreign transfers to Canada
When sending money to Canada itās important to compare your bankās rates & fees with those we have negotiated with our partner money transfer providers.
To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Canadian Dollar amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted CAD amount will be transfered to the recipient account you specify in Canada.
Use the above Send to Canadian Dollars calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more -
end result is more Canadian Dollars deposited into the recipient bank account and less margins and fees kept by the banks!
