Best CAD to USD Exchange Rates - Compare Scotiabank & Save

In this Canadian dollar to US dollar guide:

1 CAD = USD

CAD to USD at 0.7858 is near its 90-day average 0.7867 with range 0.7664-0.8012.

27-MAY 6PM-NY 11PM-LON 28-MAY 6AM-HK 8AM-SYD

Sell CAD → Buy USD

Track Rate

1 USD = 1.2726 CAD

1-DAY▲+0.8%1d

30-DAY▲HIGH1d

The Ukrainian crisis and the risk on-off market are pushing the Canadian dollar rate up and down in a range around 0.7850 to the US dollar (1 USD = 1.27 CAD).

Volatile oil prices due to the Russian invasion of Ukraine have lead analysts to predict large price movements to continue for the Canadian Dollar.

USD-CAD Forecasts

Date	CAD/USD	Change	Period
13 May 2022	0.7748	1.5% ▲	2 Week
26 Feb 2022	0.7866	0.1% ▼	3 Month
27 May 2021	0.8284	5.1% ▼	1 Year
28 May 2017	0.7433	5.8% ▲	5 Year
29 May 2012	0.9763	19.5% ▼	10 Year
01 Jun 2002	0.6533	20.3% ▲	20 Year

CAD/USD change over periods to 27-May-2022

Scotiabank - CAD to USD - Compare & Save

The below comparison table makes it easy to calculate the Total Cost you are being charged and the possible savings of using different FX providers.

Compare Scotiabank Rates : Send C$10,000 CAD → Receive USD

Provider	Receive USD	CAD/USD Rate	Cost
Scotiabank Scotiabank's profit margin is generally 4 - 8% depending on currencies and amounts. See details	10,000 CAD = 7,639 USD 2.78% See details	0.7641	2.78%	Compared
TD Bank TD's profit margin is generally 4 - 8% depending on currencies and amounts. See details	10,000 CAD = 7,628 USD Get $11 less 2.92% See details	0.7645	2.92%	Compare Rate
Royal Bank of Canada RBC's profit margin is generally 4 - 8% depending on currencies and amounts. See details	10,000 CAD = 7,674 USD 2.34% See details	0.7686	2.34%	Compare Rate
OFX Online & Phone, Helpful Dealers & Support. Lock in exchange rates with Spot & Forward Deals. See details	10,000 CAD = 7,819 USD 0.5% See details	0.7819	0.5%	Visit OFXCompare Rate BER 0.5% Special Rate
Citibank See details	10,000 CAD = 7,462 USD Get $357 less 5.04% See details	0.7471	5.04%	Compare Rate
Paypal The cost of sending money with PayPal is a fixed percentage (between 4 to 7 percent) of the amount being sent. See details	10,000 CAD = 7,528 USD Get $291 less 4.2% See details	0.7528	4.2%	Compare Rate
HSBC See details	10,000 CAD = 7,647 USD Get $172 less 2.69% See details	0.7662	2.69%	Compare Rate
Coast Capital Savings See details	10,000 CAD = 7,473 USD Get $346 less 4.91% See details	0.7548	4.91%	Compare Rate
Xoom Xoom offers a fast way to send money, reload phones, and pay bills around the world. Xoom is owned by PayPal. See details	10,000 CAD = 7,633 USD Get $186 less 2.86% See details	0.7633	2.86%	Compare Rate
Desjardins Desjardins's profit margin is generally 4 - 8% depending on currencies and amounts. See details	10,000 CAD = 7,529 USD Get $290 less 4.19% See details	0.754	4.19%	Compare Rate
CIBC CIBC's profit margin is generally 4 - 8% depending on currencies and amounts. See details	10,000 CAD = 7,432 USD Get $387 less 5.42% See details	0.7432	5.42%	Compare Rate
Bank of Montreal BMO's profit margin is around 4 - 8% depending on amounts and currencies. See details	10,000 CAD = 7,545 USD Get $274 less 3.99% See details	0.7556	3.99%	Compare Rate
SHOW ALL	10,000 CAD = 7,559 USD Get $260 less 3.81%	0.7576	3.81%	Average Bank Rate

Cost % is Provider Rate Margin vs Mid-rate + Fees

CAD/USD=0.7858

1-DAY▲+0.8%

30-DAY▲HIGH

My Rates

Scotiabank: Transfers - Canada to United States

Scotiabank: CAD to USD - Travel & Spend

CAD/USD Mid-rate Calculator

* This table compares FX rates & fees of selected FX specialists and banks for CAD to USD International Money Transfers. Providers must be well established, reputable and regulated in Canada with FINTRAC. We DO NOT compare every provider in the market. We may receive referral fees if you choose one of these providers however this will not affect the savings, exchange rates or fees you are charged by the provider.

Wire Transfer Send/Receive Fees

Send money internationally as a direct deposit to your family or friends using your mobile app or online banking	$1.99^*/transfer on select accounts
Each automatic pre-arranged transfer of funds between your Scotiabank personal Canadian Dollar deposit account (debit transaction fee applies)	Free
Each manually processed pre-arranged transfer of funds between your Scotiabank personal deposit accounts (debit transaction fee applies where applicable)	$1.50
Each transfer by branch staff between your Scotiabank personal deposit account due to telephone/fax/mail request, or to cover cheques (debit transaction fee applies)	$4.50 (optional Advice $5.00)
Transferring a Scotiabank account balance to another financial institution	$20.00
Incoming Wire Transfer fees
Incoming Wire Transfer identified as a Pension Payment in the payment message	$1.50 per transfer^*
All other Incoming Wire Transfers	$15.00 CAD/USD per transfer^*

^* All fees are charged in the currency of the account.

Scotiabank FX Rates based on publicly available information available here.

Exchange rates available for foreign transfers and currency exchange always contain either a rate margin from the Latest CAD to USD Exchange Rate (shown above) or a transaction fee and often both!

Country Guides - US dollar

United States (USD)	East Timor (USD)	Ecuador (USD)
El Salvador (USD)	British Virgin Islands (USD)	US Virgin Islands (USD)
Caribbean Netherlands (USD)	Turks and Caicos Islands (USD)

How to get a good CAD to USD Exchange Rate

There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.

Reduce Excessive costs and fees

Generally speaking, if you are buying US dollar with Canadian dollar, then it's good 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.

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

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 BestExchangeRates My Rates Watchlist to track and benefit from currency movements.

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.

Related exchange rates

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Provider	Scotiabank
FX Type	Foreign Transfer CAD→USD
From Amount (CAD)	C$10,000
To Amount (USD)	$7,639
Exchange Rate	1CAD = 0.7641 USD (1USD = 1.3087CAD)
Rate Margin	2.76%
Other Fees	C$1.99
Total Cost (Rate Margin + Fees)	2.78%
Transfer Speed	2-3 days
Rate Retrieved	2022-05-27T22:00:05+0000

Provider	TD Bank
FX Type	Foreign Transfer CAD→USD
From Amount (CAD)	C$10,000
To Amount (USD)	$7,628
Exchange Rate	1CAD = 0.7645 USD (1USD = 1.3080CAD)
Rate Margin	2.71%
Other Fees	C$22
Total Cost (Rate Margin + Fees)	2.92%
Difference	Get $11 USD less than withScotiabank
Transfer Speed	2-3 days
Rate Retrieved	2022-05-27T22:00:05+0000

Provider	Royal Bank of Canada
FX Type	Foreign Transfer CAD→USD
From Amount (CAD)	C$10,000
To Amount (USD)	$7,674
Exchange Rate	1CAD = 0.7686 USD (1USD = 1.3011CAD)
Rate Margin	2.19%
Other Fees	C$15
Total Cost (Rate Margin + Fees)	2.34%
Transfer Speed	2-3 days
BER Rating	1/5.0
Rate Retrieved	2022-05-27T22:00:09+0000

Provider	OFX
FX Type	Foreign Transfer CAD→USD
From Amount (CAD)	C$10,000
To Amount (USD)	$7,819
Exchange Rate	1CAD = 0.7819 USD (1USD = 1.2789CAD)
Rate Margin	0.5%
Other Fees	C$0
Total Cost (Rate Margin + Fees)	0.5%
Transfer Speed	1-2 days
Rate Retrieved	22:32 Local - BER

Provider	Citibank
FX Type	Foreign Transfer CAD→USD
From Amount (CAD)	C$10,000
To Amount (USD)	$7,462
Exchange Rate	1CAD = 0.7471 USD (1USD = 1.3385CAD)
Rate Margin	4.92%
Other Fees	C$12
Total Cost (Rate Margin + Fees)	5.04%
Difference	Get $357 USD less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	22:32 Local - BER

Scotiabank CAD to USD Exchange Rates

Scotiabank - CAD to USD - Compare & Save

Wire Transfer Send/Receive Fees

Multi-Vendor Quote

Country Guides - US dollar

How to get a good CAD to USD Exchange Rate

Reduce Excessive costs and fees

Will the Canadian dollar rise against the US dollar?

Related exchange rates

Provider	Paypal
FX Type	Foreign Transfer CAD→USD
From Amount (CAD)	C$10,000
To Amount (USD)	$7,528
Exchange Rate	1CAD = 0.7528 USD (1USD = 1.3284CAD)
Rate Margin	4.2%
Other Fees	C$0
Total Cost (Rate Margin + Fees)	4.2%
Difference	Get $291 USD less than withOFX
Transfer Speed	1-2 days
BER Rating	2/5.0
Rate Retrieved	22:32 Local - BER

Provider	HSBC
FX Type	Foreign Transfer CAD→USD
From Amount (CAD)	C$10,000
To Amount (USD)	$7,647
Exchange Rate	1CAD = 0.7662 USD (1USD = 1.3051CAD)
Rate Margin	2.49%
Other Fees	C$20
Total Cost (Rate Margin + Fees)	2.69%
Difference	Get $172 USD less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	22:32 Local - BER

Provider	Coast Capital Savings
FX Type	Foreign Transfer CAD→USD
From Amount (CAD)	C$10,000
To Amount (USD)	$7,473
Exchange Rate	1CAD = 0.7548 USD (1USD = 1.3249CAD)
Rate Margin	3.95%
Other Fees	C$100.00 CAD (1%)
Total Cost (Rate Margin + Fees)	4.91%
Difference	Get $346 USD less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	22:32 Local - BER

Provider	Xoom
FX Type	Foreign Transfer CAD→USD
From Amount (CAD)	C$10,000
To Amount (USD)	$7,633
Exchange Rate	1CAD = 0.7633 USD (1USD = 1.3101CAD)
Rate Margin	2.86%
Total Cost (Rate Margin + Fees)	2.86%
Difference	Get $186 USD less than withOFX
Transfer Speed	1-2 days
BER Rating	4.2/5.0
Rate Retrieved	22:32 Local - BER

Provider	Desjardins
FX Type	Foreign Transfer CAD→USD
From Amount (CAD)	C$10,000
To Amount (USD)	$7,529
Exchange Rate	1CAD = 0.7540 USD (1USD = 1.3263CAD)
Rate Margin	4.05%
Other Fees	C$15
Total Cost (Rate Margin + Fees)	4.19%
Difference	Get $290 USD less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	22:32 Local - BER

Provider	CIBC
FX Type	Foreign Transfer CAD→USD
From Amount (CAD)	C$10,000
To Amount (USD)	$7,432
Exchange Rate	1CAD = 0.7432 USD (1USD = 1.3455CAD)
Rate Margin	5.42%
Other Fees	C$0
Total Cost (Rate Margin + Fees)	5.42%
Difference	Get $387 USD less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	22:32 Local - BER

Provider	Bank of Montreal
FX Type	Foreign Transfer CAD→USD
From Amount (CAD)	C$10,000
To Amount (USD)	$7,545
Exchange Rate	1CAD = 0.7556 USD (1USD = 1.3235CAD)
Rate Margin	3.84%
Other Fees	C$15
Total Cost (Rate Margin + Fees)	3.99%
Difference	Get $274 USD less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	22:32 Local - BER

Provider	Comparison Rate
FX Type	Foreign Transfer CAD→USD
From Amount (CAD)	C$10,000
To Amount (USD)	$7,559
Exchange Rate	1CAD = 0.7625 USD (1USD = 1.3115CAD)
Rate Margin	2.97%
Total Cost (Rate Margin + Fees)	3.81%
Difference	Get $260 USD less than withOFX