In this Canadian dollar to US dollar guide:
Compare CAD to USD Exchange Rates
When sending or spending money abroad you should always check the total cost of the exchange rate and fees offered by your bank or FX provider. Exchange rates for foreign transfers and currency exchange always contain a margin from the wholesale CAD/USD rate (see above) plus additional fixed or percentage fees, but these costs can be hard to calculate.
The below comparison table makes it easy to calculate how much you are being charged for Transfers and Currency Exchange and the possible savings of using another FX provider.
We can help you get an even better deal when sending a Large International Money Transfer.
Click below for the Request Quotes form and enter your transfer details (BER account required).
Save time and money - fewer websites to visit and you get a much better exchange rate & service.
Canadian dollar to US dollar - Recent Trend
CAD - USD - Forecasts & News
OFX say CAD could trade between 1.1900 (stronger CAD) and 1.2300 (weaker CAD) in June. As CAD is already trading at the higher end of this range, it has more scope to lose value. USD-CAD Forecasts
This week the US Federal Reserve pushed its growth forecasts higher and moved the timing of its interest rate hikes to 2023. This sent the US Dollar higher against all its Rivals on Thursday and Friday. USD Forecasts
In 2021 the Canadian dollar has risen as a global economic recovery takes hold, with larger gains if the Bank of Canada is seen to be preparing to reduce monetary stimulus, economists say. CAD Forecasts
Country Guides - US dollar
|United States (USD)||East Timor (USD)||Ecuador (USD)|
|El Salvador (USD)||British Virgin Islands (USD)||US Virgin Islands (USD)|
|Caribbean Netherlands (USD)||Turks and Caicos Islands (USD)|
How to get Good CAD to USD Exchange Rates
There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.
Reduce Excessive costs and fees
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.
CAD to USD - Quick Amounts
|C$ 1||$ 0.8113|
|C$ 5||$ 4.0565|
|C$ 10||$ 8.1130|
|C$ 20||$ 16.23|
|C$ 50||$ 40.57|
|C$ 100||$ 81.13|
|C$ 250||$ 202.83|
|C$ 500||$ 405.65|
|C$ 1,000||$ 811.30|
|C$ 2,000||$ 1,623|
|C$ 5,000||$ 4,057|
|C$ 10,000||$ 8,113|
|C$ 20,000||$ 16,226|
|C$ 50,000||$ 40,565|
|C$ 100,000||$ 81,130|
|C$ 1.2326||$ 1|
|C$ 6.1630||$ 5|
|C$ 12.33||$ 10|
|C$ 24.65||$ 20|
|C$ 61.63||$ 50|
|C$ 123.26||$ 100|
|C$ 308.15||$ 250|
|C$ 616.30||$ 500|
|C$ 1,233||$ 1,000|
|C$ 2,465||$ 2,000|
|C$ 6,163||$ 5,000|
|C$ 12,326||$ 10,000|
|C$ 24,652||$ 20,000|
|C$ 61,630||$ 50,000|
|C$ 123,260||$ 100,000|
More Canadian dollar Rates & Trends
CAD to EUR
CAD to EUR at 0.6807 is 0.8% above its 90-day average, range 0.6589-0.6828. 30D▲HIGH CAD/EUR Rates
CAD to AUD
CAD to AUD at 1.0754 has risen 1.9% above its 90-day average, range 1.0266-1.0780. 14D▲HIGH CAD/AUD Rates
CAD to GBP
CAD to GBP at 0.5824 is near its 90-day average, range 0.5691-0.5923. CAD/GBP Rates
CAD to INR
CAD to INR at 60.25 is 0.7% above its 90-day average, range 57.43-60.74. 1D▲+0.5% CAD/INR Rates
CAD to PHP
CAD to PHP at 39.63 has risen 1.3% above its 90-day average, range 38.31-39.93. 4D▲+1.9% 14D▲HIGH CAD/PHP Rates
What is a good CAD to USD exchange rate?
This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Canadian dollar vs US dollar current value is to look the CAD/USD historic rate and change over a range of periods.
The following table looks at the change in the CAD to USD exchange rate over periods from the previous week back to the last 10 years.
15 Jun 2021→
|1% ▼||1 Week|
23 May 2021→
|1.9% ▼||30 Days|
24 Mar 2021→
|2.2% ▲||90 Days|
22 Jun 2020→
|9.8% ▲||1 Year|
23 Jun 2016→
|3.8% ▲||5 Years|
25 Jun 2011→
|19.9% ▼||10 Years|
CAD/USD rate change to 22-Jun-2021 → 0.8127
Will the Canadian dollar rise against the US dollar?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add CAD/USD to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.
Rather than requiring you to set a target rate, our FX Alerts work differently.
Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.
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