Rate direction
Canadian dollar to US dollar · CAD/USD trend
Review the recent market direction, current mid-market rate and significant movement alerts.
90-day market context
CAD to USD at 0.7099 is 1.0% below its 3-month average of 0.7171, having traded in a quite stable 4.8% range from 0.7026 to 0.7363
Quick CAD/USD forecast
Currency Forecasts related to CAD/USD
CAD to USD Exchange Rate Forecast & Outlook
Currently, CAD/USD is trading near the 90-day average, supported by the flat rate differential and the pair's position within its recent range. The pair is consolidating within its recent range, with no clear directional bias.
CAD to USD Conversion: What Is Your Money Worth?
View common conversion amounts at today’s mid-market rate
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 0.705 from OFX . This is -0.51% compared to the mid-market rate 0.7086.
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 0.705, -0.51% from the latest mid-market rate 0.7086.
The next best is XE at 0.7043, -0.61% from the mid-rate.
Then Wise at 0.7033, which is -0.75% from the mid-rate.
The Western Union rate is 0.6979 which is -1.5% from the mid-rate.
Among the banks the TD Bank rate is 0.6758 at -4.6% the Scotiabank rate is 0.6901 at -2.6% and the Royal Bank of Canada rate is 0.6925 at -2.3% compared to the mid-rate 0.7086.
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.