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    Canada - Canadian dollar - Currency Guide

     

    Foreign exchange guide to Canada and the Canadian dollar (CAD)

         

    USD/CAD Trend (90-day)

    USD to CAD at 1.2652 is 0.6% above its 90-day average, range 1.2291-1.2833.
    |
    1-DAY-0.9%1d
    14-DAYHIGH4d
     

    The below interactive chart displays the USD/CAD trend and UP DOWN HIGH LOW alerts

     
    USD to CAD Currency Trend Chart

    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 world’s sixth most traded currency.

    Frequently called the ‘loonie’ by foreign exchange traders due to the image of a loon (an aquatic bird) on Canada’s one-dollar coin, the currency’s value is heavily influenced by commodities prices, particularly oil. For this reason, the Canadian dollar is often labelled a ‘petro-currency’. Canada currently has the world’s third largest oil reserves and is the world’s 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 currency’s two-decade high occurred in November 2007 (following a boom in the oil price) when CAD/USD reached 1.1041.

    The Canadians are more focussed on their currency exchange rate than are the citizens of most other countries, along with perhaps the Australians and British. This is may be due to the open and trading nature of the Canadian economy and also due to their long border with the USA.

       

    CAD Forecasts and Trends

    In 2021 the Canadian dollar has risen as a global economic recovery takes hold, with larger gains if the Bank of Canada is seen to be preparing to reduce monetary stimulus, economists say. CAD Overview

    US dollar to Canadian dollar - Historical Rates

    USD/CAD wasChangePeriod
    1.2693
    10 Sep 2021
    0.3% 2 Weeks
    1.2291
    26 Jun 2021
    2.9% 90 Days
    1.3351
    24 Sep 2020
    5.2% 1 Year
    1.3160
    25 Sep 2016
    3.9% 5 Years
    1.0193
    27 Sep 2011
    24.1% 10 Years
    1.5785
    29 Sep 2001
    19.8% 20 Years
    USD/CAD Historic rates & change to 24-Sep-2021
     

    $10,000 USD
    =
    C$12,652 CAD

    Converted at USD/CAD interbank rate, compare Send Money and Currency Exchange exchange rates.

    USD to CAD - Quick Amounts

    Sell USD   →   Buy CAD
    USD CAD
    $ 1 C$ 1.2652
    $ 5 C$ 6.3260
    $ 10 C$ 12.65
    $ 20 C$ 25.30
    $ 50 C$ 63.26
    $ 100 C$ 126.52
    $ 250 C$ 316.30
    $ 500 C$ 632.60
    $ 1,000 C$ 1,265
    $ 2,000 C$ 2,530
    $ 5,000 C$ 6,326
    $ 10,000 C$ 12,652
    $ 20,000 C$ 25,304
    $ 50,000 C$ 63,260
    $ 100,000 C$ 126,520
    USD CAD
    $ 0.7904 C$ 1
    $ 3.9520 C$ 5
    $ 7.9040 C$ 10
    $ 15.81 C$ 20
    $ 39.52 C$ 50
    $ 79.04 C$ 100
    $ 197.60 C$ 250
    $ 395.20 C$ 500
    $ 790.40 C$ 1,000
    $ 1,581 C$ 2,000
    $ 3,952 C$ 5,000
    $ 7,904 C$ 10,000
    $ 15,808 C$ 20,000
    $ 39,520 C$ 50,000
    $ 79,040 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 — 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. 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 can have unlimited all-day, multi-day, or monthly travel.

     

    Travel money for Canada

    Save money and time by Ordering your Canadian dollar 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 “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

    For card purchases if offered a choice of currencies always select to Pay in Canadian dollar otherwise you may get much worst exchange rates.

     

    Send Money to Canada - Best Rates

    To get a good (and fair) exchange rate when sending money to Canada you need to find and compare exchange rates for International Money Transfers (IMTs).

    The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

    You should especially compare your own bank's exchange rates to those available from Money Transfer specialists 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 it’s important to compare your bank’s 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 :

    1. Open an account with a BER reviewed FX provider (id docs may be required)
    2. You specify the local or Canadian dollar amount you want to transfer
    3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
    4. 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 dollar 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 dollar deposited into the recipient bank account and less margins and fees kept by the banks!


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