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CAD to USD - Exchange Rates

Canadian Dollar to US Dollar exchange rates aren't all the same. The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees.

Foreign Exchange margins and fees vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 

1 CAD = 0.7076 USD

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CAD to USD 90-Day Trend
ALERT:7-DAY2.5% 🔔|
CAD/USD at 0.7085 was trading 5% below AVG:0.7461 with LO:0.6891 and HI:0.7714 (90 days). ALERT: CAD/USD is UP 2.5% this 7-DAY period.
02-APR 6AM-NY 11AM-LON 6PM-HK 9PM-SYD

Convert CAD to USD More Charts


Quick Conversions from Canadian Dollar to US Dollar

CAD USD
C$ 1 U$ 0.7076
C$ 5 U$ 3.5380
C$ 10 U$ 7.0760
C$ 20 U$ 14.15
C$ 50 U$ 35.38
C$ 100 U$ 70.76
C$ 250 U$ 176.90
C$ 500 U$ 353.80
C$ 1,000 U$ 707.60
C$ 2,000 U$ 1,415
C$ 5,000 U$ 3,538
C$ 10,000 U$ 7,076
C$ 50,000 U$ 35,380
C$ 100,000 U$ 70,760
More amounts
CAD USD
C$ 1.4132 U$ 1
C$ 7.0660 U$ 5
C$ 14.13 U$ 10
C$ 28.26 U$ 20
C$ 70.66 U$ 50
C$ 141.32 U$ 100
C$ 353.30 U$ 250
C$ 706.60 U$ 500
C$ 1,413 U$ 1,000
C$ 2,826 U$ 2,000
C$ 7,066 U$ 5,000
C$ 14,132 U$ 10,000
C$ 70,660 U$ 50,000
C$ 141,320 U$ 100,000
More amounts

To calculate your own CAD/USD amounts use our Convert CAD to USD quick calculator.


Comparing Foreign Exchange Providers

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for CAD/USD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

CAD to USD International Money Transfers

  

Foreign Transfer Provider Receive USD(U$) Exchange RateFee CADDeal Links
XE logo
U$7,003
1.25%
Best Overall
0.70030
OFX logo
U$7,035
0.8%
U$32 more
0.70350^
HSBC logo
U$6,829.74
3.7%
U$173 less
0.684C$15
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
U$6,778.53
4.42%
U$224 less
0.6847C$100
Scotiabank logo
U$6,771.6
4.52%
U$231 less
0.684C$100
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo HSBC logo TD Canada Trust logo Royal Bank of Canada logo
U$6,767
4.58%
U$236 less
0.682415
TD Canada Trust logo
U$6,754.77
4.76%
U$248 less
0.6823C$100
Royal Bank of Canada logo
U$6,702.3
5.49%
U$301 less
0.677C$100
 
XE logo
XE: Foreign Transfer CAD→USD
From Amount (CAD)C$10,000
Fee:
Exchange Rate:0.7003 (1.25% from mid-rate)
To Amount (USD) U$7,003
Total Cost:1.25%
Time:6:07 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer CAD→USD
From Amount (CAD)C$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:0.7035 (0.8% from mid-rate)
To Amount (USD) U$7,035
Total Cost:0.8%
Difference:
U$32 USD more than using XE
Time:
Rate Fetched: 6:07 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer CAD→USD
From Amount (CAD)C$10,000
Fee:C$15 CAD (.15%)
Exchange Rate:0.6840 (3.55% from mid-rate)
To Amount (USD) U$6,829.74
Total Cost:3.7%
Difference:
U$173 USD less than using XE
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Coast Capital Savings logo
Coast Capital Savings: Foreign Transfer CAD→USD
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:0.6847 (3.45% from mid-rate)
To Amount (USD) U$6,778.53
Total Cost:4.42%
Difference:
U$224 USD less than using XE
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Scotiabank logo
Scotiabank: Foreign Transfer CAD→USD
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:0.6840 (3.55% from mid-rate)
To Amount (USD) U$6,771.6
Total Cost:4.52%
Difference:
U$231 USD less than using XE
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer CAD→USD
From Amount (CAD)C$10,000
Fee:15
Exchange Rate:0.6737 (5.01% from mid-rate)
To Amount (USD) U$6,767
Total Cost:4.58%
Difference:
U$236 USD less than using XE
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
TD Canada Trust logo
TD Canada Trust: Foreign Transfer CAD→USD
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:0.6823 (3.79% from mid-rate)
To Amount (USD) U$6,754.77
Total Cost:4.76%
Difference:
U$248 USD less than using XE
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Royal Bank of Canada logo
Royal Bank of Canada: Foreign Transfer CAD→USD
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:0.6770 (4.54% from mid-rate)
To Amount (USD) U$6,702.3
Total Cost:5.49%
Difference:
U$301 USD less than using XE
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 04/02/2020 - View latest rates
 

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money Provider Amount USD(U$) Exchange RateFee CADDeal Links
Travelex Online CA logo
U$684.40
3.5%
Best Overall
0.6844$0
Royal Bank of Canada logo
U$669.30
5.63%
U$15 less
0.66930
TD Canada Trust logo
U$662.50
6.58%
U$22 less
0.66250
Banks - Average Rate
Scotiabank logo TD Canada Trust logo Royal Bank of Canada logo
U$660.77
6.83%
U$24 less
0.6652C$10
Scotiabank logo
U$650.52
8.27%
U$34 less
0.6638C$20
 
Travelex Online CA logo
Travelex Online CA: Travel Money CAD→USD
From Amount (CAD)C$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.6844 (3.5% from mid-rate)
To Amount (USD) U$684.40
Total Cost:3.5%
Time:
Rate Fetched: 6:07 Local
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Royal Bank of Canada logo
Royal Bank of Canada: Travel Money CAD→USD
From Amount (CAD)C$1,000
Fee:
Exchange Rate:0.6693 (5.63% from mid-rate)
To Amount (USD) U$669.30
Total Cost:5.63%
Time:6:07 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
TD Canada Trust logo
TD Canada Trust: Travel Money CAD→USD
From Amount (CAD)C$1,000
Fee:
Exchange Rate:0.6625 (6.58% from mid-rate)
To Amount (USD) U$662.50
Total Cost:6.58%
Time:6:07 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money CAD→USD
From Amount (CAD)C$1,000
Fee:C$10 CAD (1%)
Exchange Rate:0.6206 (12.49% from mid-rate)
To Amount (USD) U$660.77
Total Cost:6.83%
Currency Services:Branch
Delivery/Collect:-
 
Scotiabank logo
Scotiabank: Travel Money CAD→USD
From Amount (CAD)C$1,000
Fee:C$20 CAD (Minimum fee)
Exchange Rate:0.6638 (6.4% from mid-rate)
To Amount (USD) U$650.52
Total Cost:8.27%
Time:6:07 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 04/02/2020 - View latest rates
 

Also here is a comparison table of the exchange rates and fees on some popular prepaid multi-currency debit cards.

Travel Card Provider Amount USD(U$) Exchange RateFee CADDeal Links
U$642.02
9.14%
Best Overall
0.6518$0
 
Travelex Money Card: Travel Card CAD→USD
From Amount (CAD)C$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.6518 (-7.76% from mid-rate)
To Amount (USD) U$642.02
Total Cost:9.14%
Card Facts/Fees:
10 Load Currencies: AUD USD EUR GBP NZD HKD SGD CAD JPY THB.
Overseas ATM withdrawal fee: FREE
Card Purchase Fee: $5.00
Maximum Load Amount: $100,000
Monthly Fee : $4 (after 12 months inactive)
Currency Conversion: 5.95% (when you withdraw
a currency not loaded on your card)
Offers 24/7 Global Emergency Assistance service with fee free emergency funds up to the available balance on the card
Time:
Rate Fetched: 0:00 Local
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 04/01/2020 - View latest rates
 

Country Guides (CAD & USD)

United StatesUnited States (USD)CanadaCanada (CAD)East TimorEast Timor (USD)
EcuadorEcuador (USD)El SalvadorEl Salvador (USD)British Virgin IslandsBritish Virgin Islands (USD)
US Virgin IslandsUS Virgin Islands (USD)Caribbean NetherlandsCaribbean Netherlands (USD)Turks and Caicos IslandsTurks and Caicos Islands (USD)
ZimbabweZimbabwe (USD)

CADUSD blended flags

CAD and USD in the Markets

When determining the best time to make a foreign exchange transaction, in this case the CAD vs USD, you should pay attention to the recent market trends for both currencies.

Canadian Dollar (CAD)

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.

Read more in the article CAD Forecasts.

 

US Dollar (USD)

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 US dollar held its value in 2019 despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.

At its October meeting the Federal Reserve cut the target range for the federal funds rate to 1.5-1.75 percent, the third rate cut so far this year, amid soft inflation indicators and general worries about the economy. However the central bank also signaled a pause in the easing cycle.

Taking the blame for the economic downturn is US President Donald Trump, whose trade war policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

Read more in the article USD Forecasts.


How to get Best CAD to USD Exchange Rates

All foreign exchange providers charge a fee for providing their service and this fee 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.

What is a good CAD to USD exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the CAD to USD exchange rate to the present day for periods going back upto 10 years.

PeriodChange*CAD/USDDate
1 Day-0.8%0.710331 Mar 2020
7 Day+0.2%0.703125 Mar 2020
30 Day-6.1%0.750502 Mar 2020
3 Month-8.5%0.770202 Jan 2020
1 Year-6%0.749402 Apr 2019
5 Year-11.8%0.799403 Apr 2015
10 Year-28.6%0.986804 Apr 2010

*For period to 01-Apr 21UTC when CAD/USD was 0.7048

When is the best time to exchange CAD to USD?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup BER.me FX Alerts

We help you Save Money on Exchange Rates.

 

View all CAD Exchange Rates