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CAD to USD - Compare Exchange Rates

Canadian Dollar to United States Dollar - Convert Compare Save

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 and Travel Money transactions as shown below.

 

Compare CAD/USD Exchange Rates

The below table is a snapshot of the costs charged by FX specialists and banks for CAD/USD International Money Transfers. Costs are calculated against the amount when CAD is converted to USD at mid-rate.

Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Foreign Transfer Providers
Ratings & Reviews
Receive USD($)Exchange RateFee CADTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
7,367 USD
Best Overall
0.73670^1.46%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
HSBC logo
7,212.17 USD
155 USD
0.7223$153.53%Online, Branch, Bank Transfers2-3 days
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
7,157.7 USD
209 USD
0.723$1004.26%Online, Branch, Bank Transfers2-3 days
Scotiabank logo
7,150.77 USD
216 USD
0.7223$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
7,144 USD
223 USD
0.7203154.45%Online, Branch, Bank Transfers2-3 days
TD Canada Trust logo
7,120.08 USD
247 USD
0.7192$1004.76%Online, Branch, Bank Transfers2-3 days
 
Royal Bank of Canada logo
7,077.51 USD
289 USD
0.7149$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:0.7367 (1.46% from mid-rate)
USD amount:7,367 USD
Total Cost:1.46%
Time:
Rate Fetched: Thu Apr 18 2019 22:04:36 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:$15 CAD (.15%)
Exchange Rate:0.7223 (3.38% from mid-rate)
USD amount:7,212.17 USD
Total Cost:3.53%
Difference:
155 USD less than using OFX
Time:0:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Coast Capital Savings logoCoast Capital Savings

Coast Capital Savings: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.7230 (3.29% from mid-rate)
USD amount:7,157.7 USD
Total Cost:4.26%
Difference:
209 USD less than using OFX
Time:0:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Scotiabank logoScotiabank

Scotiabank: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.7223 (3.38% from mid-rate)
USD amount:7,150.77 USD
Total Cost:4.35%
Difference:
216 USD less than using OFX
Time:0:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:15
Exchange Rate:0.7102 (5% from mid-rate)
USD amount:7,144 USD
Total Cost:4.45%
Difference:
223 USD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

TD Canada Trust logoTD Canada Trust

TD Canada Trust: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.7192 (3.8% from mid-rate)
USD amount:7,120.08 USD
Total Cost:4.76%
Difference:
247 USD less than using OFX
Time:0:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Royal Bank of Canada logoRoyal Bank of Canada

Royal Bank of Canada: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.7149 (4.37% from mid-rate)
USD amount:7,077.51 USD
Total Cost:5.33%
Difference:
289 USD less than using OFX
Time:0:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 

The below table shows a snapshot 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.

Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Travel Money Providers
Ratings & Reviews
Amount USD($)Exchange RateFee CADTotal CostCurrency ServicesDelivery/CollectDeal Links
 
Travelex Online CA logo
721.40 USD
Best Overall
0.7214$03.5%Online order, Branch pickup, Home delivery2-3 days
 
Royal Bank of Canada logo
705.60 USD
16 USD
0.705605.62%Branch-
TD Canada Trust logo
698.30 USD
23 USD
0.698306.59%Branch-
Banks - Average Rate
Scotiabank logo Royal Bank of Canada logo TD Canada Trust logo
696.57 USD
25 USD
0.7012$106.83%Branch-
Scotiabank logo
685.80 USD
36 USD
0.6998$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:0.7214 (3.5% from mid-rate)
USD amount:721.40 USD
Total Cost:3.5%
Time:
Rate Fetched: 0:02 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Royal Bank of Canada logoRoyal Bank of Canada

Royal Bank of Canada: Travel Money CAD→USD
CAD amount:$1,000 CAD
Fee:
Exchange Rate:0.7056 (5.62% from mid-rate)
USD amount:705.60 USD
Total Cost:5.62%
Time:0:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

TD Canada Trust logoTD Canada Trust

TD Canada Trust: Travel Money CAD→USD
CAD amount:$1,000 CAD
Fee:
Exchange Rate:0.6983 (6.59% from mid-rate)
USD amount:698.30 USD
Total Cost:6.59%
Time:0:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money CAD→USD
CAD amount:$1,000 CAD
Fee:$10 CAD (1%)
Exchange Rate:0.6542 (12.49% from mid-rate)
USD amount:696.57 USD
Total Cost:6.83%
Currency Services:Branch
Delivery/Collect:-
 

Scotiabank logoScotiabank

Scotiabank: Travel Money CAD→USD
CAD amount:$1,000 CAD
Fee:$20 CAD (Minimum fee)
Exchange Rate:0.6998 (6.39% from mid-rate)
USD amount:685.80 USD
Total Cost:8.27%
Time:0:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

CAD to USD interbank exchange rate = 0.7479

Right now the CAD/USD interbank exchange rate is 0.7479. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.

It's the reference rate we use to calculate how much you are being charged to convert United States Dollar to Canadian Dollar.

This CAD/USD Converter calculates equivalent Canadian Dollar to United States Dollar amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.

CAD / USD converter & margin calculator


$CAD
$USD
Mid-rates:
 

Foreign Transfers Travel Money

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

Foreign Transfers Travel Money

1 Week CAD to USD
Loading CAD/USD rates

Canadian Dollar

United States Dollar

1 CAD 0.7479 USD
5 CAD 3.7395 USD
10 CAD 7.4790 USD
20 CAD 14.96 USD
50 CAD 37.40 USD
100 CAD 74.79 USD
250 CAD 186.98 USD
500 CAD 373.95 USD
1,000 CAD 747.90 USD
2,000 CAD 1,495.80 USD
5,000 CAD 3,739.50 USD
10,000 CAD 7,479.00 USD
50,000 CAD 37,395.00 USD
100,000 CAD 74,790.00 USD
See more

Canadian Dollar

United States Dollar

1.3370 CAD 1 USD
6.6850 CAD 5 USD
13.37 CAD 10 USD
26.74 CAD 20 USD
66.85 CAD 50 USD
133.70 CAD 100 USD
334.25 CAD 250 USD
668.50 CAD 500 USD
1,337.00 CAD 1,000 USD
2,674.00 CAD 2,000 USD
6,685.00 CAD 5,000 USD
13,370.00 CAD 10,000 USD
66,850.00 CAD 50,000 USD
133,700.00 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
18 Apr 20190.7477Latest
11 Apr 20190.74751 Week+0.03%
19 Mar 20190.75041 Month-0.36%
20 Oct 20180.76256 Months-1.94%
18 Apr 20180.79191 Year-5.58%
18 Apr 20170.74722 Years+0.07%
19 Apr 20140.90745 Years-17.6%
20 Apr 20090.809810 Years-7.67%

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.

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

A fantastic January that took the Canadian dollar away from long-term lows against the US dollar was followed by a steady February and then a weak first-half of March.

In the first week of March, traders reacted badly to news of Canada’s economy growing at a dismal quarterly rate of just 0.1 percent (the slowest rate of quarterly growth in 2 ½ years), and they sold the loonie to account for a lower probability of future interest rate hikes by Canada’s central bank.

Against the US dollar, the loonie recovered slightly in the second week of March and stabilised at levels near C$1.333 per USD, although another notable exchange rate at the time of writing, GBP/CAD, rose to an 8-month high (CAD low) of C$1.78.

Per researchers at CIBC and TD Securities, fair value in USD/CAD is currently C$1.4, indicating potential CAD depreciation worth 5 percent. A move to C$1.4 would take the loonie to its lowest level against its US cousin since early 2016.

United States Dollar (USD) - Market news and forecasts

In the third week of April the Dollar Index was rallying strongly towards the mid-97s, slightly below major resistance at 97.70, a break of which would be massively positive for the greenback. The index was up 1.7 percent year-to-date.

The dollar’s strength comes in spite of a dovish surprise in March from the Federal Reserve, which ditched two interest rate hikes from its 2019 projections. Fortunately for dollar holders, the rest of the world has problems and other important central banks also turned dovish, removing much of the incentive for selling USD.

Bloomberg research warned in April of potential for a large upcoming move in the US dollar, up or down. Over the past quarter-century, three prominent troughs in the JPMorgan Global FX Volatility Index were followed by dollar moves over 6-month periods worth 10-15 percent. The index was trading in mid-April at a 5-year low.