Canada - Canadian Dollar - Currency Guide

This is a currency guide to Canada, the Canadian Dollar currency plus sending (CAD) transfers and travel tips for Canada.

 
 
CountryCanada
FlagCanada
Country CodeCA
Domestic Currency Canadian Dollar
Currency SymbolC$
Currency CodeCAD
Exchange RateUSD/CAD = 1.4027
Telephone Prefix+1

Quick Conversions from US Dollar to Canadian Dollar

USD

CAD

U$ 1
C$ 1.4027
U$ 5
C$ 7.0135
U$ 10
C$ 14.03
U$ 20
C$ 28.05
U$ 50
C$ 70.14
U$ 100
C$ 140.27
U$ 250
C$ 350.68
U$ 500
C$ 701.35
U$ 1,000
C$ 1,403
U$ 2,000
C$ 2,805
U$ 5,000
C$ 7,014
U$ 10,000
C$ 14,027
U$ 50,000
C$ 70,135
U$ 100,000
C$ 140,270
More amounts

USD

CAD

U$ 0.7129
C$ 1
U$ 3.5645
C$ 5
U$ 7.1290
C$ 10
U$ 14.26
C$ 20
U$ 35.65
C$ 50
U$ 71.29
C$ 100
U$ 178.23
C$ 250
U$ 356.45
C$ 500
U$ 712.90
C$ 1,000
U$ 1,426
C$ 2,000
U$ 3,565
C$ 5,000
U$ 7,129
C$ 10,000
U$ 35,645
C$ 50,000
U$ 71,290
C$ 100,000
More amounts

To calculate specific USD/CAD amounts use our Convert USD to CAD quick calculator. To read more about the latest exchange rate trends and to compare FX provider rates view USD to CAD Rate Guide.

Canada Currency Info

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.


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$.

How much is U$100 US Dollars in Canadian Dollars?

U$ 100 converts to C$ 140.27

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?


Canadian Dollar (CAD) in the markets

Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.

The threat of proxy war between the US and Iran in Iraq also pared back some of the gains the Loonie had made coming into the New Year.

The Canadian dollar was range bound during the second half of 2019 oscillating between US75c and US76.5c. Mid-year the loonie stormed ahead in June and July, rising to what turned out to be the 2019 high against the US dollar of US76.7cents and to 8-month highs against the euro, pound, Australian and New Zealand dollars. Against the Aussie, a minimal additional increase would take CAD to a 9-year high.

Supporting the loonie was a 10 percent rise in the oil price (oil is among Canada’s most exported products but is volatile and can’t be relied upon), a large and welcome jump in inflation, and dovishness at major central banks of the world, including the Federal Reserve, ECB and RBA.

The USMCA was signed by the United States, Mexico and Canadian on November 30 at the G20 Summit in Buenos Aires. Any delay to Canadian ratification of the USMCA trade deal would have likely depressed sentiment on Canada’s currency.

For more details read the full article Canadian Dollar Forecasts.

The interactive chart below shows the USD to CAD exchange rate and trend for the previous 3 months:

USD/CAD at 1.4073 was trading 5.1% above AVG:1.3396 with LO:1.2963 and HI:1.4512 (90 days). There are no current rate alerts.
31-MAR 4PM-NY 9PM-LON 01-APR 4AM-HK 7AM-SYD
Booking.com

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 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 “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 Dollars otherwise you may get much worst exchange rates.

 
Travel Money Provider Amount CAD(C$) Exchange RateFee USDDeal Links
Travelex Online US logo
C$1,264.3
10.37%
Best Overall
1.26430^
U.S. Bank Foreign Currency
U.S. Bank logo
C$1,226.4
13.06%
C$38 less
1.22640
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
C$1,214
13.93%
C$50 less
1.2264U$10
Wells Fargo Bank logo
C$1,201.87
14.8%
C$62 less
1.2264U$20
 
Travelex Online US logo
Travelex Online US: Travel Money USD→CAD
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:1.2643 (10.37% from mid-rate)
To Amount (CAD) C$1,264.3
Total Cost:10.37%
Time:
Rate Fetched: Tue Mar 31 2020 18:00:05 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Travel Money USD→CAD
From Amount (USD)U$1,000
Fee:0
Exchange Rate:1.2264 (13.06% from mid-rate)
To Amount (CAD) C$1,226.4
Total Cost:13.06%
Time:18:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money USD→CAD
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:1.2343 (12.5% from mid-rate)
To Amount (CAD) C$1,214
Total Cost:13.93%
Currency Services:Branch
Delivery/Collect:-
 
Wells Fargo Bank logo
Wells Fargo Bank: Travel Money USD→CAD
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:1.2264 (13.06% from mid-rate)
To Amount (CAD) C$1,201.87
Total Cost:14.8%
Time:18:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 03/31/2020 - View latest rates

Canada Trip Checklist    

 
  1. Compare CAD travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Canada
  3. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to Canada

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 foreign-transfer exchange rate.

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 here).


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 our 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!

  

USD to CAD International Money Transfers

  

Foreign Transfer Provider Receive CAD(C$) Exchange RateFee USDDeal Links
OFX logo
C$13,993
0.8%
Best Overall
1.39930^
XE logo
C$13,930
1.25%
C$63 less
1.3930
Wells Fargo Bank logo
C$13,571
3.79%
C$422 less
1.359518
HSBC logo
C$13,561
3.86%
C$432 less
1.3581U$15
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
C$13,478
4.45%
C$515 less
1.355715
Bank of America International Money Transfers
Bank of America logo
C$13,390
5.08%
C$603 less
1.3525U$100
U.S. Bank International Money Transfers
U.S. Bank logo
C$13,390
5.08%
C$603 less
1.3525U$100
 
OFX logo
OFX: Foreign Transfer USD→CAD
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:1.3993 (0.8% from mid-rate)
To Amount (CAD) C$13,993
Total Cost:0.8%
Time:
Rate Fetched: 18:04 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE logo
XE: Foreign Transfer USD→CAD
From Amount (USD)U$10,000
Fee:
Exchange Rate:1.3930 (1.25% from mid-rate)
To Amount (CAD) C$13,930
Total Cost:1.25%
Difference:
C$63 CAD less than using OFX
Time:18:04 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→CAD
From Amount (USD)U$10,000
Fee:18
Exchange Rate:1.3595 (3.62% from mid-rate)
To Amount (CAD) C$13,571
Total Cost:3.79%
Difference:
C$422 CAD less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer USD→CAD
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:1.3581 (3.72% from mid-rate)
To Amount (CAD) C$13,561
Total Cost:3.86%
Difference:
C$432 CAD less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer USD→CAD
From Amount (USD)U$10,000
Fee:15
Exchange Rate:1.3497 (4.32% from mid-rate)
To Amount (CAD) C$13,478
Total Cost:4.45%
Difference:
C$515 CAD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of America logo
Bank of America: Foreign Transfer USD→CAD
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:1.3525 (4.12% from mid-rate)
To Amount (CAD) C$13,390
Total Cost:5.08%
Difference:
C$603 CAD less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→CAD
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:1.3525 (4.12% from mid-rate)
To Amount (CAD) C$13,390
Total Cost:5.08%
Difference:
C$603 CAD less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 03/31/2020 - View latest rates

Canadian Dollar to US Dollar - Historical Rates

PeriodChange*CAD/USDDate
1 Day-0.8%0.711829 Mar 2020
7 Day+2.3%0.690623 Mar 2020
30 Day-5.4%0.746629 Feb 2020
3 Month-8.2%0.769031 Dec 2019
1 Year-5.7%0.749131 Mar 2019
5 Year-10.8%0.791601 Apr 2015
10 Year-28.6%0.988802 Apr 2010

*For period to 30-Mar 21UTC when CAD/USD was 0.7062

Canadian Dollar to Euro - Historical Rates

PeriodChange*CAD/EURDate
1 Day+0.1%0.639129 Mar 2020
7 Day-0.3%0.641623 Mar 2020
30 Day-5.5%0.677029 Feb 2020
3 Month-6.7%0.685431 Dec 2019
1 Year-4.2%0.667431 Mar 2019
5 Year-13%0.734901 Apr 2015
10 Year-12.7%0.732502 Apr 2010

*For period to 30-Mar 21UTC when CAD/EUR was 0.6396

Canadian Dollar to Pound Sterling - 10 Year History

PeriodChange*CAD/GBPDate
1 Day-0.2%0.571729 Mar 2020
7 Day-4.2%0.595623 Mar 2020
30 Day-2%0.582329 Feb 2020
3 Month-1.6%0.579931 Dec 2019
1 Year-0.8%0.575331 Mar 2019
5 Year+6.9%0.533701 Apr 2015
10 Year-12.2%0.649902 Apr 2010

*For period to 30-Mar 21UTC when CAD/GBP was 0.5706

Canadian Dollar to Australian Dollar - Historical Rates

PeriodChange*CAD/AUDDate
1 Day-0.6%1.152329 Mar 2020
7 Day-2.6%1.175423 Mar 2020
30 Day-0.2%1.147029 Feb 2020
3 Month+4.4%1.096231 Dec 2019
1 Year+8.7%1.053231 Mar 2019
5 Year+10%1.041101 Apr 2015
10 Year+6.4%1.076302 Apr 2010

*For period to 30-Mar 21UTC when CAD/AUD was 1.1449


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