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CAD to USD - Rate Guide

Canadian Dollar to United States 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. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

CAD/USD update & alerts

1 CAD = 0.7544 USD

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CAD to USD - Trading Range (90 Day)
14-DAY HIGH (1d)
90-DAY TREND: At 0.7542 CAD/USD is trading near the average 0.7563 with a range 0.7498 to 0.766. There are no current alerts.
Update: 06-Dec 16:01-EST 21:01-GMT 08:01-AEDT(+1D)

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CAD/USD Exchange Rates and Providers Compared

This guide to the Canadian Dollar to United States Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and CAD to USD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our CAD/USD Quick Calculator.

Exchange rates can 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 ProvidersReceive USD(U$)Exchange RateFee CADTotal CostDeal Links
XE logo
U$7,450
Best Overall
0.74501.25%
OFX logo
U$7,484
U$34 more
0.74840^0.8%
HSBC logo
U$7,247.11
U$203 less
0.7258C$153.94%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
U$7,193.34
U$257 less
0.7266C$1004.65%
Scotiabank logo
U$7,185.42
U$265 less
0.7258C$1004.75%
TD Canada Trust logo
U$7,184.43
U$266 less
0.7257C$1004.77%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo HSBC logo TD Canada Trust logo Royal Bank of Canada logo
U$7,184
U$266 less
0.7245154.77%
Royal Bank of Canada logo
U$7,112.16
U$338 less
0.7184C$1005.72%
 

XE logo

XE: Foreign Transfer CAD→USD
From Amount (CAD)C$10,000
Fee:
Exchange Rate:0.7450 (1.25% from mid-rate)
To Amount (USD) U$7,450
Total Cost:1.25%
Time:18:06 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:0.7484 (0.8% from mid-rate)
To Amount (USD) U$7,484
Total Cost:0.8%
Difference:
U$34 USD more than using XE
Time:
Rate Fetched: 18:06 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:0.7258 (3.79% from mid-rate)
To Amount (USD) U$7,247.11
Total Cost:3.94%
Difference:
U$203 USD less than using XE
Time:18:06 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:0.7266 (3.69% from mid-rate)
To Amount (USD) U$7,193.34
Total Cost:4.65%
Difference:
U$257 USD less than using XE
Time:18:06 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:0.7258 (3.79% from mid-rate)
To Amount (USD) U$7,185.42
Total Cost:4.75%
Difference:
U$265 USD less than using XE
Time:18:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

TD Canada Trust logo

TD Canada Trust: Foreign Transfer CAD→USD
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:0.7257 (3.8% from mid-rate)
To Amount (USD) U$7,184.43
Total Cost:4.77%
Difference:
U$266 USD less than using XE
Time:18:06 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:0.7167 (5% from mid-rate)
To Amount (USD) U$7,184
Total Cost:4.77%
Difference:
U$266 USD less than using XE
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

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:0.7184 (4.77% from mid-rate)
To Amount (USD) U$7,112.16
Total Cost:5.72%
Difference:
U$338 USD less than using XE
Time:18:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 12/07/2019 - See full table

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 ProvidersAmount USD(U$)Exchange RateFee CADTotal CostDeal Links
Travelex Online CA logo
U$728.00
Best Overall
0.728$03.5%
Royal Bank of Canada logo
U$712.00
U$16 less
0.71205.62%
TD Canada Trust logo
U$704.70
U$23 less
0.704706.59%
Banks - Average Rate
Scotiabank logo TD Canada Trust logo Royal Bank of Canada logo
U$702.93
U$25 less
0.7076C$106.82%
Scotiabank logo
U$692.08
U$36 less
0.7062C$208.26%
 

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:0.7280 (3.5% from mid-rate)
To Amount (USD) U$728.00
Total Cost:3.5%
Time:
Rate Fetched: 18:06 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:0.7120 (5.62% from mid-rate)
To Amount (USD) U$712.00
Total Cost:5.62%
Time:18:06 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:0.7047 (6.59% from mid-rate)
To Amount (USD) U$704.70
Total Cost:6.59%
Time:18:06 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:0.6601 (12.5% from mid-rate)
To Amount (USD) U$702.93
Total Cost:6.82%
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:0.7062 (6.39% from mid-rate)
To Amount (USD) U$692.08
Total Cost:8.26%
Time:18:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 12/07/2019 - See full table

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)

The Canadian dollar stormed ahead in the second half of June, rising to a 16-week high against the US dollar 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.

Any delay to Canadian ratification of the USMCA trade deal (already accepted by Mexico) is likely to depress sentiment on Canada’s currency.

Read more in the article CAD Forecasts.

 

United States Dollar (USD)

The US dollar has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).

As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.

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

Read more in the article USD Forecasts.

Why can't I just get the CAD/USD market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the CAD / USD was traded (bought or sold) in the international markets.

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). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

CADUSD blended flags

Getting a good market rate is mainly about timing however 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.

We help you Compare & Save Money on Exchange Rates.

 

View all CAD Exchange Rates