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CAD/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 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. Calculate amounts and rate margins with the CAD/USD Calculator.

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CAD/USD - 90 Day Rate Alerts

1 CAD = 0.7543 USD

NO ALERTS for CAD/USD
CAD/USD over the last 90 days

View CAD/USD - Interactive Chart

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($)Exchange RateFee CADTotal CostDeal Links
OFX logo
7,478 USD
Best Overall
0.74780^0.8%
XE logo
7,444 USD
34 USD
0.744401.25%
HSBC logo
7,256.1 USD
222 USD
0.7267C$153.74%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
7,202.25 USD
276 USD
0.7275C$1004.45%
Scotiabank logo
7,194.33 USD
284 USD
0.7267C$1004.56%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo Royal Bank of Canada logo HSBC logo TD Canada Trust logo
7,191 USD
287 USD
0.7251154.61%
TD Canada Trust logo
7,179.48 USD
299 USD
0.7252C$1004.76%
Royal Bank of Canada logo
7,121.07 USD
357 USD
0.7193C$1005.53%
 

OFX logo

OFX: Foreign Transfer CAD→USD
From Amount:10,000 CAD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:0.7478 (0.8% from mid-rate)
To Amount:7,478 USD
Total Cost:0.8%
Time:
Rate Fetched: 18:02 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 CAD→USD
From Amount:10,000 CAD
Fee:
Exchange Rate:0.7444 (1.25% from mid-rate)
To Amount:7,444 USD
Total Cost:1.25%
Difference:
34 USD less than using OFX
Time:18:02 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer CAD→USD
From Amount:10,000 CAD
Fee:C$15 CAD (.15%)
Exchange Rate:0.7267 (3.6% from mid-rate)
To Amount:7,256.1 USD
Total Cost:3.74%
Difference:
222 USD less than using OFX
Time:18:02 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:10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:0.7275 (3.49% from mid-rate)
To Amount:7,202.25 USD
Total Cost:4.45%
Difference:
276 USD less than using OFX
Time:18:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Scotiabank logo

Scotiabank: Foreign Transfer CAD→USD
From Amount:10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:0.7267 (3.6% from mid-rate)
To Amount:7,194.33 USD
Total Cost:4.56%
Difference:
284 USD less than using OFX
Time:18:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer CAD→USD
From Amount:10,000 CAD
Fee:15
Exchange Rate:0.7161 (5% from mid-rate)
To Amount:7,191 USD
Total Cost:4.61%
Difference:
287 USD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

TD Canada Trust logo

TD Canada Trust: Foreign Transfer CAD→USD
From Amount:10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:0.7252 (3.79% from mid-rate)
To Amount:7,179.48 USD
Total Cost:4.76%
Difference:
299 USD less than using OFX
Time:18:02 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:10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:0.7193 (4.58% from mid-rate)
To Amount:7,121.07 USD
Total Cost:5.53%
Difference:
357 USD less than using OFX
Time:18:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 09/23/2019 - 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($)Exchange RateFee CADTotal CostDeal Links
Travelex Online CA logo
727.40 USD
Best Overall
0.7274$03.5%
Royal Bank of Canada logo
711.40 USD
16 USD
0.711405.62%
TD Canada Trust logo
704.10 USD
23 USD
0.704106.59%
Banks - Average Rate
Scotiabank logo Royal Bank of Canada logo TD Canada Trust logo
702.33 USD
25 USD
0.7070C$106.83%
Scotiabank logo
691.49 USD
36 USD
0.7056C$208.27%
 

Travelex Online CA logo

Travelex Online CA: Travel Money CAD→USD
From Amount:1,000 CAD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.7274 (3.5% from mid-rate)
To Amount:727.40 USD
Total Cost:3.5%
Time:
Rate Fetched: 18:02 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:1,000 CAD
Fee:
Exchange Rate:0.7114 (5.62% from mid-rate)
To Amount:711.40 USD
Total Cost:5.62%
Time:18:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

TD Canada Trust logo

TD Canada Trust: Travel Money CAD→USD
From Amount:1,000 CAD
Fee:
Exchange Rate:0.7041 (6.59% from mid-rate)
To Amount:704.10 USD
Total Cost:6.59%
Time:18:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money CAD→USD
From Amount:1,000 CAD
Fee:C$10 CAD (1%)
Exchange Rate:0.6596 (12.5% from mid-rate)
To Amount:702.33 USD
Total Cost:6.83%
Currency Services:Branch
Delivery/Collect:-
 

Scotiabank logo

Scotiabank: Travel Money CAD→USD
From Amount:1,000 CAD
Fee:C$20 CAD (Minimum fee)
Exchange Rate:0.7056 (6.39% from mid-rate)
To Amount:691.49 USD
Total Cost:8.27%
Time:18:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 09/23/2019 - See full table

CAD / USD converter & margin calculator

C$CAD
$USD
mid-rates

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

Foreign Transfers Travel Money

Foreign Transfers Travel Money

Canadian Dollar

United States Dollar

1 CAD 0.7543 USD
5 CAD 3.7715 USD
10 CAD 7.5430 USD
20 CAD 15.09 USD
50 CAD 37.72 USD
100 CAD 75.43 USD
250 CAD 188.58 USD
500 CAD 377.15 USD
1,000 CAD 754.30 USD
2,000 CAD 1,508.60 USD
5,000 CAD 3,771.50 USD
10,000 CAD 7,543.00 USD
50,000 CAD 37,715.00 USD
100,000 CAD 75,430.00 USD
See more

Canadian Dollar

United States Dollar

1.3257 CAD 1 USD
6.6285 CAD 5 USD
13.26 CAD 10 USD
26.51 CAD 20 USD
66.29 CAD 50 USD
132.57 CAD 100 USD
331.43 CAD 250 USD
662.85 CAD 500 USD
1,325.70 CAD 1,000 USD
2,651.40 CAD 2,000 USD
6,628.50 CAD 5,000 USD
13,257.00 CAD 10,000 USD
66,285.00 CAD 50,000 USD
132,570.00 CAD 100,000 USD
See more
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)

CAD/USD - Historical Trends

This table shows historic rates and trends of Canadian Dollar to United States Dollar over periods upto 10 years.

PeriodChange*CAD/USDDate
7 Day+0.2%0.752413 Sep 2019
30 Day+0.2%0.752521 Aug 2019
3 Month-0.3%0.755822 Jun 2019
1 Year-2.7%0.774620 Sep 2018
5 Year-17.4%0.912721 Sep 2014
10 Year-19.4%0.935922 Sep 2009

*For period to 20-Sep 21UTC when CAD/USD was 0.7539

You can use our CAD interactive charts to check CADUSD historic trends.

Get a Better FX Deal when you Send and Spend Abroad.

 

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