CAD to USD Market Data
Canadian dollar (CAD) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
Currency Forecasts related to CAD/USD
CAD to USD Exchange Rate Forecast & Outlook
In the near term, CAD/USD is trading near a 30-day low at 0.7241, holding near its 3-month average of 0.7293. The emphasis on risk-off sentiment and safe-haven flows is pressuring the pair.
CAD to EUR Exchange Rate Forecast & Outlook
In the near term, CAD/EUR is trading close to its recent 7-day lows near 0.6314, supported by risk-off sentiment and geopolitical tensions. The pair remains consolidating within its recent range, with downward...
CAD to JPY Exchange Rate Forecast & Outlook
In the near term, CAD/JPY is holding near its 7-day lows around 115.7, trading close to its 3-month average. The dominant driver is risk sentiment, with safe-haven yen supported by geopolitical tensions and a risk-off market mood.
CAD to USD Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Canadian dollar are worth in US dollar across a range of amounts.
This gives a quick view of what you’d get when converting different CAD amounts at today’s rate * :
*Converted at the current CAD-USD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
What is the best Send Money conversion rate for CAD to USD?
The best CAD to USD exchange rate is 0.7205 from OFX . This is -0.5% compared to the mid-market rate 0.7241.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Canadian dollar (CAD) to US dollar (USD) rates from different sources before making a conversion.
The above Loonie to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest CAD-USD mid-rate and the possible savings of using various providers.
How do CAD-USD rates compare between providers?
Looking at the full CAD to USD - Send Money comparison table the provider with the best CAD to USD exchange rate is OFX at 0.7205, -0.5% from the latest mid-market rate 0.7241.
The next best is XE at 0.7197, -0.61% from the mid-rate.
Then Wise at 0.7197, which is -0.61% from the mid-rate.
The Western Union rate is 0.7132 which is -1.5% from the mid-rate.
Among the banks the TD Bank rate is 0.6754 at -6.7% the Scotiabank rate is 0.7053 at -2.6% and the Royal Bank of Canada rate is 0.7123 at -1.6% compared to the mid-rate 0.7241.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
