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CAD to USD - Exchange Rate Overview

Canadian Dollar to US Dollar exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 
 

C$1,000 CAD
=
U$738.91 USD

*Converted at interbank exchange rate, scroll down to compare foreign transfer and spend/travel exchange rates.


 

Latest interbank exchange rate:

1 CAD = 0.7389 USD

Sell CAD / Buy USD 

 
CAD to USD 90-day trend
ALERT:7-DAY3.4% |
CAD/USD at 0.7393 was trading 2.6% above AVG:0.7203 with LO:0.6891 and HI:0.7561 (90 days). ALERT: CAD/USD is UP 3.4% this 7-DAY period.

Convert CAD to USD More Charts


Canadian Dollar to US Dollar - Quick Conversions

CAD USD
C$ 1 U$ 0.7389
C$ 5 U$ 3.6945
C$ 10 U$ 7.3890
C$ 20 U$ 14.78
C$ 50 U$ 36.95
C$ 100 U$ 73.89
C$ 250 U$ 184.73
C$ 500 U$ 369.45
C$ 1,000 U$ 738.90
C$ 2,000 U$ 1,478
C$ 5,000 U$ 3,695
C$ 10,000 U$ 7,389
C$ 50,000 U$ 36,945
C$ 100,000 U$ 73,890
More amounts
CAD USD
C$ 1.3534 U$ 1
C$ 6.7670 U$ 5
C$ 13.53 U$ 10
C$ 27.07 U$ 20
C$ 67.67 U$ 50
C$ 135.34 U$ 100
C$ 338.35 U$ 250
C$ 676.70 U$ 500
C$ 1,353 U$ 1,000
C$ 2,707 U$ 2,000
C$ 6,767 U$ 5,000
C$ 13,534 U$ 10,000
C$ 67,670 U$ 50,000
C$ 135,340 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
OFX logo
U$734.00
0.8%
Best Overall
0.7340^
XE logo
U$728.80
1.5%
U$5.2 less
0.72880
HSBC logo
U$712.23
3.74%
U$22 less
0.7133C$1.50
TD Canada Trust logo
U$711.80
3.8%
U$22 less
0.71180
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
U$706.86
4.47%
U$27 less
0.714C$10.00
Royal Bank of Canada logo
U$706.00
4.58%
U$28 less
0.7060
Scotiabank logo
U$699.03
5.52%
U$35 less
0.7133C$20
Banks - Average Rate
HSBC logo Coast Capital Savings logo Royal Bank of Canada logo Scotiabank logo TD Canada Trust logo
U$707.18
4.42%
U$27 less
0.711715
 
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OFX: Foreign Transfer CAD→USD
From Amount (CAD)C$1,000
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:0.7340 (0.8% from mid-rate)
To Amount (USD) U$734.00
Total Cost:0.8%
Time:
Rate Fetched: 9:31 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
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XE: Foreign Transfer CAD→USD
From Amount (CAD)C$1,000
Fee:
Exchange Rate:0.7288 (1.5% from mid-rate)
To Amount (USD) U$728.80
Total Cost:1.5%
Difference:
U$5.2 USD less than using OFX
Time:9:31 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
HSBC logo
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HSBC: Foreign Transfer CAD→USD
From Amount (CAD)C$1,000
Fee:C$1.50 CAD (.15%)
Exchange Rate:0.7133 (3.6% from mid-rate)
To Amount (USD) U$712.23
Total Cost:3.74%
Difference:
U$22 USD less than using OFX
Time:9:31 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
TD Canada Trust logo
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TD Canada Trust: Foreign Transfer CAD→USD
From Amount (CAD)C$1,000
Fee: Minimum 15 CAD
Exchange Rate:0.7118 (3.8% from mid-rate)
To Amount (USD) U$711.80
Total Cost:3.8%
Difference:
U$22 USD less than using OFX
Time:9:31 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Coast Capital Savings logo
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Coast Capital Savings: Foreign Transfer CAD→USD
From Amount (CAD)C$1,000
Fee:C$10.00 CAD (1%)
Exchange Rate:0.7140 (3.5% from mid-rate)
To Amount (USD) U$706.86
Total Cost:4.47%
Difference:
U$27 USD less than using OFX
Time:9:31 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Royal Bank of Canada logo
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Royal Bank of Canada: Foreign Transfer CAD→USD
From Amount (CAD)C$1,000
Fee: Minimum 15 CAD
Exchange Rate:0.7060 (4.58% from mid-rate)
To Amount (USD) U$706.00
Total Cost:4.58%
Difference:
U$28 USD less than using OFX
Time:9:31 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Scotiabank logo
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Scotiabank: Foreign Transfer CAD→USD
From Amount (CAD)C$1,000
Fee:C$20 CAD (Minimum fee)
Exchange Rate:0.7133 (3.6% from mid-rate)
To Amount (USD) U$699.03
Total Cost:5.52%
Difference:
U$35 USD less than using OFX
Time:9:31 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
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Foreign Transfer CAD→USD
From Amount (CAD)C$1,000
Fee:15
Exchange Rate:0.7029 (5% from mid-rate)
To Amount (USD) U$707.18
Total Cost:4.42%
Difference:
U$27 USD less than using OFX
Transfer Speed:
Services:
 
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Snapshot 06/03/2020 - View live rates
 

The below comparison table displays the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

 

CAD to USD - Travel Money & Cards

Provider Amount USD(U$) Exchange RateFee CADDeal Links
Travelex Online logo
U$714.00
3.5%
Best Overall
0.714$0
Royal Bank of Canada logo
U$698.30
5.62%
U$16 less
0.69830
TD Canada Trust logo
U$691.20
6.58%
U$23 less
0.69120
Banks - Average Rate
Royal Bank of Canada logo Scotiabank logo TD Canada Trust logo
U$689.42
6.82%
U$25 less
0.694015
Scotiabank logo
U$678.75
8.26%
U$35 less
0.6926C$20
 
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Travelex Online: Travel Money CAD→USD
From Amount (CAD)C$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.7140 (-3.5% from mid-rate)
To Amount (USD) U$714.00
Total Cost:3.5%
Time:
Rate Fetched: 9:31 Local
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Royal Bank of Canada logo
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Royal Bank of Canada: Travel Money CAD→USD
From Amount (CAD)C$1,000
Fee:
Exchange Rate:0.6983 (-5.62% from mid-rate)
To Amount (USD) U$698.30
Total Cost:5.62%
Time:9:31 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
TD Canada Trust logo
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TD Canada Trust: Travel Money CAD→USD
From Amount (CAD)C$1,000
Fee:
Exchange Rate:0.6912 (-6.58% from mid-rate)
To Amount (USD) U$691.20
Total Cost:6.58%
Time:9:31 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
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Travel Money CAD→USD
From Amount (CAD)C$1,000
Fee:15
Exchange Rate:0.6474 (-12.5% from mid-rate)
To Amount (USD) U$689.42
Total Cost:6.82%
Currency Services:Branch
Delivery/Collect:-
 
Scotiabank logo
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Scotiabank: Travel Money CAD→USD
From Amount (CAD)C$1,000
Fee:C$20 CAD (Minimum fee)
Exchange Rate:0.6926 (-6.39% from mid-rate)
To Amount (USD) U$678.75
Total Cost:8.26%
Time:9:31 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
loading
Snapshot 06/03/2020 - View live rates
 
 

US Dollar (USD) Country Guides

United StatesUnited States (USD)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

Canadian Dollar and US Dollar Forecasts

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)

In early May the continuing coronavirus pandemic and an associated possible re-escalation in the US-China trade tensions has moved the market into safer currencies such as the USD and JPY.

Goldman Sachs and RBC Capital forecast a large drop for US dollar against Japanese Yen to continue with a USD/JPY rate of 95 in the near future.

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

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 over periods upto 10 years.

CAD/USDPeriod to 02-JunDateRate
2% ▲1 Week26 May 20200.7254
4.6% ▲30 Days03 May 20200.7074
1% ▼90 Days04 Mar 20200.7470
0.6% ▼1 Year03 Jun 20190.7439
7.6% ▼5 Years04 Jun 20150.8006
22.2% ▼10 Years05 Jun 20100.9504
CAD/USD 10 year rates & changes to 02-Jun-2020 (0.7397)
 

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.

Foreign Transfers Travel Money

View all CAD Exchange Rates