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 = 1.3979
Telephone Prefix+1

Quick Conversions from US Dollar to Canadian Dollar

USD

CAD

U$ 1
C$ 1.3979
U$ 5
C$ 6.9895
U$ 10
C$ 13.98
U$ 20
C$ 27.96
U$ 50
C$ 69.90
U$ 100
C$ 139.79
U$ 250
C$ 349.48
U$ 500
C$ 698.95
U$ 1,000
C$ 1,398
U$ 2,000
C$ 2,796
U$ 5,000
C$ 6,990
U$ 10,000
C$ 13,979
U$ 50,000
C$ 69,895
U$ 100,000
C$ 139,790
More amounts

USD

CAD

U$ 0.7154
C$ 1
U$ 3.5770
C$ 5
U$ 7.1540
C$ 10
U$ 14.31
C$ 20
U$ 35.77
C$ 50
U$ 71.54
C$ 100
U$ 178.85
C$ 250
U$ 357.70
C$ 500
U$ 715.40
C$ 1,000
U$ 1,431
C$ 2,000
U$ 3,577
C$ 5,000
U$ 7,154
C$ 10,000
U$ 35,770
C$ 50,000
U$ 71,540
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$ 139.79

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:

ALERTS:1-DAY1.8% 🔔| 14-DAY LOWS 🔔 |
USD/CAD at 1.3993 was trading 4% above AVG:1.346 with LO:1.2963 and HI:1.4512 (90 days). ALERTS: Today USD/CAD was DOWN 1.8% and also dropped to 14-DAY LOWS.
07-APR 3PM-NY 8PM-LON 08-APR 3AM-HK 5AM-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$1,246.1
10.86%
Best Overall
1.24610^
U.S. Bank Foreign Currency
U.S. Bank logo
C$1,208.7
13.53%
C$37 less
1.20870
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
C$1,197
14.4%
C$49 less
1.2087U$10
Wells Fargo Bank logo
C$1,184.53
15.26%
C$62 less
1.2087U$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:1.2461 (10.86% from mid-rate)
To Amount (CAD) C$1,246.1
Total Cost:10.86%
Time:
Rate Fetched: Tue Apr 07 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:1.2087 (13.53% from mid-rate)
To Amount (CAD) C$1,208.7
Total Cost:13.53%
Time:18:03 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:1.2232 (12.5% from mid-rate)
To Amount (CAD) C$1,197
Total Cost:14.4%
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:1.2087 (13.53% from mid-rate)
To Amount (CAD) C$1,184.53
Total Cost:15.26%
Time:18:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 04/07/2020 - 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
XE logo
C$13,804
1.25%
Best Overall
1.38040
OFX logo
C$13,867
0.8%
C$63 more
1.38670^
Wells Fargo Bank logo
C$13,455
3.75%
C$349 less
1.347918
HSBC logo
C$13,445
3.82%
C$359 less
1.3465U$15
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
C$13,363
4.41%
C$441 less
1.344115
Bank of America International Money Transfers
Bank of America logo
C$13,276
5.03%
C$528 less
1.341U$100
U.S. Bank International Money Transfers
U.S. Bank logo
C$13,276
5.03%
C$528 less
1.341U$100
 
XE logo
XE: Foreign Transfer USD→CAD
From Amount (USD)U$10,000
Fee:
Exchange Rate:1.3804 (1.25% from mid-rate)
To Amount (CAD) C$13,804
Total Cost:1.25%
Time:18:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
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:1.3867 (0.8% from mid-rate)
To Amount (CAD) C$13,867
Total Cost:0.8%
Difference:
C$63 CAD more than using XE
Time:
Rate Fetched: 18:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→CAD
From Amount (USD)U$10,000
Fee:18
Exchange Rate:1.3479 (3.58% from mid-rate)
To Amount (CAD) C$13,455
Total Cost:3.75%
Difference:
C$349 CAD less than using XE
Time:18:03 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:1.3465 (3.68% from mid-rate)
To Amount (CAD) C$13,445
Total Cost:3.82%
Difference:
C$359 CAD less than using XE
Time:18:03 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:1.3383 (4.26% from mid-rate)
To Amount (CAD) C$13,363
Total Cost:4.41%
Difference:
C$441 CAD less than using XE
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:1.3410 (4.07% from mid-rate)
To Amount (CAD) C$13,276
Total Cost:5.03%
Difference:
C$528 CAD less than using XE
Time:18:03 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:1.3410 (4.07% from mid-rate)
To Amount (CAD) C$13,276
Total Cost:5.03%
Difference:
C$528 CAD less than using XE
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 04/07/2020 - View latest rates

Canadian Dollar to US Dollar - Historical Rates

PeriodChange*CAD/USDDate
1 Day+1%0.701605 Apr 2020
7 Day+0.5%0.705230 Mar 2020
30 Day-4.8%0.744707 Mar 2020
3 Month-7.9%0.769207 Jan 2020
1 Year-5.2%0.747707 Apr 2019
5 Year-11.2%0.798108 Apr 2015
10 Year-28.8%0.994909 Apr 2010

*For period to 06-Apr 21UTC when CAD/USD was 0.7087

Canadian Dollar to Euro - Historical Rates

PeriodChange*CAD/EURDate
1 Day+1.1%0.649305 Apr 2020
7 Day+2.7%0.639430 Mar 2020
30 Day-0.5%0.659907 Mar 2020
3 Month-4.8%0.689607 Jan 2020
1 Year-1.5%0.666507 Apr 2019
5 Year-11.3%0.740008 Apr 2015
10 Year-11.1%0.738809 Apr 2010

*For period to 06-Apr 21UTC when CAD/EUR was 0.6565

Canadian Dollar to Pound Sterling - 10 Year History

PeriodChange*CAD/GBPDate
1 Day+0.9%0.574305 Apr 2020
7 Day+1.6%0.570130 Mar 2020
30 Day+1.5%0.570707 Mar 2020
3 Month-1.2%0.586407 Jan 2020
1 Year+1%0.573507 Apr 2019
5 Year+8%0.536508 Apr 2015
10 Year-10.5%0.647609 Apr 2010

*For period to 06-Apr 21UTC when CAD/GBP was 0.5793

Canadian Dollar to Australian Dollar - Historical Rates

PeriodChange*CAD/AUDDate
1 Day-0.6%1.170805 Apr 2020
7 Day+1.8%1.143830 Mar 2020
30 Day+3.9%1.120407 Mar 2020
3 Month+3.8%1.121307 Jan 2020
1 Year+10.5%1.053107 Apr 2019
5 Year+12.2%1.037908 Apr 2015
10 Year+9.1%1.067509 Apr 2010

*For period to 06-Apr 21UTC when CAD/AUD was 1.1642


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