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CAD to USD - Exchange Rates Guide

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

 
 

CAD/USD exchange rate (wholesale):

1 CAD = 0.7367 USD

Sell CAD / Buy USD 

 
CAD to USD chart and trends
14-DAY-HI
CAD/USD at 0.7363 was trading 2.1% above AVG:0.7215 with LO:0.6894 and HI:0.7473 (90 days). There are no current rate alerts.

Canadian Dollar to US Dollar - Quick Conversions

CAD USD
C$ 1 U$ 0.7367
C$ 5 U$ 3.6835
C$ 10 U$ 7.3670
C$ 20 U$ 14.73
C$ 50 U$ 36.84
C$ 100 U$ 73.67
C$ 250 U$ 184.18
C$ 500 U$ 368.35
C$ 1,000 U$ 736.70
C$ 2,000 U$ 1,473
C$ 5,000 U$ 3,684
C$ 10,000 U$ 7,367
C$ 50,000 U$ 36,835
C$ 100,000 U$ 73,670
More amounts
CAD USD
C$ 1.3574 U$ 1
C$ 6.7870 U$ 5
C$ 13.57 U$ 10
C$ 27.15 U$ 20
C$ 67.87 U$ 50
C$ 135.74 U$ 100
C$ 339.35 U$ 250
C$ 678.70 U$ 500
C$ 1,357 U$ 1,000
C$ 2,715 U$ 2,000
C$ 6,787 U$ 5,000
C$ 13,574 U$ 10,000
C$ 67,870 U$ 50,000
C$ 135,740 U$ 100,000
More amounts

To calculate other CAD/USD amounts try our home-page Convert CAD to USD quick converter.


Comparing Retail Exchange Rates

The total cost for 'Retail' exchange rates you receive from your bank or foreign exchange provider consists of the margin from the 'Wholesale' rate (interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.

 
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US Dollar (USD) Country Guides

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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 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.

CAD/USD rateChangePeriod
29 Jun 2020 : 0.73230.8% ▲1 Week
06 Jun 2020 : 0.74510.9% ▼30 Days
07 Apr 2020 : 0.71353.5% ▲90 Days
07 Jul 2019 : 0.76463.4% ▼1 Year
08 Jul 2015 : 0.78546% ▼5 Years
09 Jul 2010 : 0.967623.7% ▼10 Years
CAD/USD 10 year historic rates & changes to 06-Jul-2020 : 0.7385
 

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