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CAD to USD Calculator

Canadian Dollar to United States Dollar - Convert Compare Save

CAD to USD mid-rate = 0.7471

Right now the CAD/USD market mid-rate is 0.7471 and represents ideally how many United States Dollar you can get for one Canadian Dollar.

You can calculate equivalent Canadian Dollar to United States Dollar currency amounts (at mid-rate) below. Then select the transaction type to compare the best exchange rates available for CAD to USD transfers or buying USD travel money.

CAD / USD Converter


$CAD


$USD
1 Canadian Dollar equals
0.7471 United States Dollar

Compare how much you can save on
CAD/USD exchange rates for:

Foreign Transfers Travel Cash/Cards

 
 
3 Month CAD to USD Chart
Loading CAD/USD rates

Canadian Dollar

United States Dollar

1 CAD 0.7471 USD
5 CAD 3.7355 USD
10 CAD 7.4710 USD
20 CAD 14.94 USD
50 CAD 37.36 USD
100 CAD 74.71 USD
250 CAD 186.78 USD
500 CAD 373.55 USD
1,000 CAD 747.10 USD
2,000 CAD 1,494.20 USD
5,000 CAD 3,735.50 USD
10,000 CAD 7,471.00 USD
50,000 CAD 37,355.00 USD
100,000 CAD 74,710.00 USD
See more

Canadian Dollar

United States Dollar

1.3385 CAD 1 USD
6.6925 CAD 5 USD
13.39 CAD 10 USD
26.77 CAD 20 USD
66.93 CAD 50 USD
133.85 CAD 100 USD
334.63 CAD 250 USD
669.25 CAD 500 USD
1,338.50 CAD 1,000 USD
2,677.00 CAD 2,000 USD
6,692.50 CAD 5,000 USD
13,385.00 CAD 10,000 USD
66,925.00 CAD 50,000 USD
133,850.00 CAD 100,000 USD
See more

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Canadian Dollar to United States Dollar (CAD-USD) - 10 Year History

The below table shows the historic variation in the CAD/USD exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of CAD versus other currencies : CAD historical charts.

DateExchange RatePeriodChange
16 Dec 20180.7472Latest
09 Dec 20180.75021 Week-0.4%
16 Nov 20180.76051 Month-1.75%
19 Jun 20180.75316 Months-0.78%
16 Dec 20170.77721 Year-3.86%
16 Dec 20160.74952 Years-0.31%
17 Dec 20130.94345 Years-20.8%
18 Dec 20080.836110 Years-10.63%

Best Rates for CAD/USD Transfers and Travel Money

The total transaction cost you will be charged is the margin from the mid-rate offered by your foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.

You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from CAD to USD.

Compare CAD to USD Foreign Transfers vs the Banks

Foreign Transfer ProvidersAmount USD($)Exchange RateFee CADTotal CostTransfer ServicesTransfer SpeedReviewsDeal Links
OFX logo
7,363 USD
Top Provider
0.73630^1.46%Bank Transfers - Online & Phone1-2 days
 
WorldFirst logo
7,442 USD
$79 more
0.744200.4%Bank Transfers - Online & Phone1-2 days
 
HSBC logo
7,208.17 USD
$155 less
0.7219$153.53%Online, Branch, Bank Transfers2-3 days
Coast Capital Savings logo
7,154.73 USD
$208 less
0.7227$1004.25%Online, Branch, Bank Transfers2-3 days
Scotiabank logo
7,146.81 USD
$216 less
0.7219$1004.35%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo Royal Bank of Canada logo HSBC logo TD Canada Trust logo
7,140 USD
$223 less
0.7200154.44%Online, Branch, Bank Transfers2-3 days
TD Canada Trust logo
7,116.12 USD
$247 less
0.7188$1004.76%Online, Branch, Bank Transfers2-3 days
Royal Bank of Canada logo
7,073.55 USD
$289 less
0.7145$1005.33%Online, Branch, Bank Transfers2-3 days
 
 
OFX: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:0.7363 (1.46% from mid-rate)
USD amount:7,363 USD
Total Cost:1.46%
Time:
Rate Fetched: Sun Dec 16 2018 16:04:40 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
WorldFirst: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:
Exchange Rate:0.7442 (0.4% from mid-rate)
USD amount:7,442 USD
Total Cost:0.4%
Difference:
$79 more than using OFX
Time:18:13 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.6/5.0
Reviews:
HSBC: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:$15 CAD (.15%)
Exchange Rate:0.7219 (3.39% from mid-rate)
USD amount:7,208.17 USD
Total Cost:3.53%
Difference:
$155 less than using OFX
Time:18:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Coast Capital Savings: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.7227 (3.28% from mid-rate)
USD amount:7,154.73 USD
Total Cost:4.25%
Difference:
$208 less than using OFX
Time:18:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Scotiabank: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.7219 (3.39% from mid-rate)
USD amount:7,146.81 USD
Total Cost:4.35%
Difference:
$216 less than using OFX
Time:18:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Coast Capital Savings logo Scotiabank logo Royal Bank of Canada logo HSBC logo TD Canada Trust logo

Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:15
Exchange Rate:0.7098 (5.01% from mid-rate)
USD amount:7,140 USD
Total Cost:4.44%
Difference:
$223 less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
TD Canada Trust: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.7188 (3.8% from mid-rate)
USD amount:7,116.12 USD
Total Cost:4.76%
Difference:
$247 less than using OFX
Time:18:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Royal Bank of Canada: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.7145 (4.38% from mid-rate)
USD amount:7,073.55 USD
Total Cost:5.33%
Difference:
$289 less than using OFX
Time:18:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/16/2018.
Total Cost = Fee + exchange rate margin vs CAD/USD mid-rate: 0.7472

The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.

Compare CAD to USD Travel Money Exchange Rates vs the Banks

Travel Money ProvidersAmount USD($)Exchange RateFee CADTotal CostCurrency ServicesDelivery SpeedReviewsDeal Links
Travelex Online CA logo
721.00 USD
Top Provider
0.721$03.51%Online order, Branch pickup, Home delivery2-3 days
 
Royal Bank of Canada logo
705.20 USD
$16 less
0.705205.62%Branch-
 
TD Canada Trust logo
698.00 USD
$23 less
0.69806.58%Branch-
Banks - Average Rate
Scotiabank logo Royal Bank of Canada logo TD Canada Trust logo
696.2 USD
$25 less
0.7009$106.83%Branch-
Scotiabank logo
685.41 USD
$36 less
0.6994$208.27%Branch-
Travelex Online CA: Travel Money CAD→USD
CAD amount:$1,000 CAD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.7210 (3.51% from mid-rate)
USD amount:721.00 USD
Total Cost:3.51%
Time:
Rate Fetched: 18:13 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery Speed:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
Royal Bank of Canada: Travel Money CAD→USD
CAD amount:$1,000 CAD
Fee:
Exchange Rate:0.7052 (5.62% from mid-rate)
USD amount:705.20 USD
Total Cost:5.62%
Time:18:13 Local
Currency Services:Branch
Delivery Speed:-
Rating:
 
: 1/5.0
Reviews:
TD Canada Trust: Travel Money CAD→USD
CAD amount:$1,000 CAD
Fee:
Exchange Rate:0.6980 (6.58% from mid-rate)
USD amount:698.00 USD
Total Cost:6.58%
Time:18:13 Local
Currency Services:Branch
Delivery Speed:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Scotiabank logo Royal Bank of Canada logo TD Canada Trust logo

Travel Money CAD→USD
CAD amount:$1,000 CAD
Fee:$10 CAD (1%)
Exchange Rate:0.6538 (12.5% from mid-rate)
USD amount:696.2 USD
Total Cost:6.83%
Currency Services:Branch
Delivery Speed:-
Scotiabank: Travel Money CAD→USD
CAD amount:$1,000 CAD
Fee:$20 CAD (Minimum fee)
Exchange Rate:0.6994 (6.4% from mid-rate)
USD amount:685.41 USD
Total Cost:8.27%
Time:18:13 Local
Currency Services:Branch
Delivery Speed:-
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/16/2018.
Total Cost = Fee + exchange rate margin vs CAD/USD mid-rate: 0.7472

Why can't I just get the CAD/USD market rate I see on Google or in the Media?

The CAD/USD mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the CAD / USD was traded (bought or sold) in the international markets.

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.

The closer your final exchange rate is to the market CAD/USD midrate the better deal you are getting.

CAD to USD mid-rate on google

CAD to USD mid-rate on google search

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

The three things you need in order to get a good CAD to USD exchange rate

  1. Know the latest CAD/USD market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
  2. Compare your Bank's transaction costs to several licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.

Currency news and forecasts for Canadian Dollar and United States Dollar

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.

So it follows that if you are determining the best time to transact, in this case the CAD vs USD, you should pay attention to both Canadian Dollar and United States Dollar news and forecasts.

Canadian Dollar (CAD) - Market news and forecasts

5-December-18: In early December, the Canadian dollar traded at C$1.34 per USD — its weakest level in 18 months. It did so after traders revised down their expectations for future Canadian interest rate hikes following a dovish Bank of Canada meeting.

Also not helping the loonie in late 2018 has been the oil price which, by the time of this report, had slumped 30 percent from 2018 highs. Oil is Canada’s largest export.

In December, several FX analysts expressed a belief that inevitable OPEC production cuts will create a rebound in the oil market, which will drive the Canadian dollar higher throughout 2019.

Risks to the Canadian dollar include, of course, oil, and the return of global trade tensions. Tensions eased in early December when US and Chinese leaders agreed to suspend tariff increases for 3 months.

Also in December, Citibank offered a “long-term” (>18 months) forecast for USD/CAD of 1.2, representing potential CAD appreciation of 12 percent.

United States Dollar (USD) - Market news and forecasts

14-December-18: Against a basket of currencies, the US dollar struck an 18-month high in mid-December after negative political and economic developments weighed on rest-of-the-world currencies. At the time of writing, the dollar was showing trade-weighted appreciation of 6 percent for 2018 and was on course to gain in 10 of the year’s 12 months.

The dollar had strengthened to levels near $1.13 against the euro, which suffered due to disappointing eurozone economic data and Brexit-related uncertainties.

Brexit allowed the dollar to gain handsomely against the pound in 2018. On December-11, GBP/USD traded below 1.25 for the first time since early 2017.

The economic slowdown in China has also helped the dollar by creating safe haven flows into the US. The dollar has yet to reach the magic 7-yuan level but remains close to it, at levels near 6.9.

For 2019, JP Morgan and Morgan Stanley are both bearish the greenback. The banks remain skeptical over future Fed interest rate hikes and point to a possible US economic downturn in the second half of the year.

Scotiabank is forecasting EUR/USD at $1.30 by 2019 year-end, indicating a potential 13 percent decline in the dollar’s buying power.


 

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