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    CAD to USD Exchange Rates

    Compare & Save on Canadian dollar to US dollar exchange rates. Latest CAD to dollar trends and forecasts.

    CAD to USD flags

    CAD to USD - Compare & Save

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.

    The below table makes it easy to calculate and compare the Total Cost you are being charged on CAD to dollar currency rates and the possible savings of using a different provider.

     

    Loading comparison rates...

    ProviderAmountsRateTotal Cost
       
       
       
       
       

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    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).

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    Save time and money - fewer websites to visit and you get a much better exchange rate & service.

     
     

    CAD/USD Market Data

    Canadian dollar to US dollar FX market data and key indicators - Interbank rate, charts, forecasts & historic rates and trends.

     
    1 CAD =
    0.7514We compare provider deals to this wholesale mid-market rate. Read more
    USD
    CAD to USD at 0.7523 is 1.4% above its 90-day average 0.7421 with range 0.7275-0.7556.
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    Sell CAD   →   Buy USD
    Track Rate

    60-DAYHIGH
    1-DAY-1.0%
     

    In December the loonie has steadied near its 90-day average around 0.74 relative to the greenback (1 USD = 1.34 CAD), this is down from the 0.77-0.79 range it had traded within all year until late August on inflation concerns.

    USD-CAD Forecasts

    DateCAD/USDChangePeriod
    17 Jan 2023
    0.7467
    0.6% 2 Week
    02 Nov 2022
    0.7291
    3.1% 3 Month
    31 Jan 2022
    0.7863
    4.4% 1 Year
    01 Feb 2018
    0.8157
    7.9% 5 Year
    02 Feb 2013
    1.0028
    25.1% 10 Year
    05 Feb 2003
    0.6586
    14.1% 20 Year
    CAD/USD historic rates & change to 31-Jan-2023
       
    CAD to USD flags

    How to get a good CAD to USD exchange rate

    There are several ways to save on exchange rates when converting Canadian dollar to US dollar:

    1. Shop around for the best CAD/USD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.

    2. Timing is important: Keep an eye on the CAD/USD rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.

    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.

    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both CAD and USD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.

    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    Generally speaking, if you are buying US dollar with Canadian dollar, then it's better for the CAD/USD exchange rate to be higher.

    However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

    It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

    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 personalised BER Smart Rate Tracker to track and benefit from currency movements.

     
    Track Rate
     

    Manage My Rates

     

    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.

    You can also read our practical guide to getting the Best Deals for your Foreign Transfers and Travel Money to the United States.


     

    Canadian dollar & US dollar - Country Guides

    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)
     

    Setting up a business in the US as a foreigner

    Setting up a business in the US as a foreigner is generally the same process as setting up a business as a US citizen. However, there may be additional legal requirements and regulations that apply to foreign nationals. It is advisable to consult with a lawyer who specializes in immigration and business law to ensure compliance with all relevant laws and regulations. Additionally, obtaining a valid work visa may be necessary in order to work in the US as a foreigner. It's important to research the specific requirements for the type of business you plan to start and the state where you plan to set it up.

    Read more at our United States (USD) country guide