The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
CAD to USD Market Data
Canadian dollar (CAD) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
Bias
Range-bound; CAD/USD sits near the middle of its 3-month range with no clear signal from the 90-day average for now.
Key drivers
- Rate gap: BoC’s policy rate sits below the Fed’s neutral stance, a tilt that weighs on CAD as US yields remain firmer; a faster-than-expected Fed easing would narrow the gap and support CAD.
- Oil: Oil is rallying to multi-day highs with volatility; a firmer oil price tends to lift CAD, reflecting Canada’s oil export mix, while sudden swings can keep risk appetite choppy.
- Macro: US jobs data and unemployment trends will shape Fed easing bets and USD demand, with a strong report delaying Fed cuts and boosting the dollar.
Range
Expect a drift within the 3-month range, with a bias toward the middle and only occasional tests of the upper or lower ends.
What could change it
- Upside risk: oil prices stay elevated, supporting CAD.
- Downside risk: US data surprises to the upside, boosting USD.
Tweet
CAD/USD near mid-range; no signal from the 90-day avg. Oil rally supports CAD but US data keeps USD firm. If oil stays high, CAD may rally; else USD strength drags CAD lower
@bestfxrates
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 * :
What is the
best Send Money conversion rate for CAD to USD?
The best CAD to USD exchange rate is 0.7165 from OFX . This is -0.5% compared to the mid-market rate 0.7201.
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 0.7165, -0.5% from the latest mid-market rate 0.7201.
The next best is XE at 0.7157, -0.61% from the mid-rate.
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.