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Best Exchange Rates

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Compare CAD to USD foreign transfers

Use our comparison table to find the best exchange rates for United States Dollar foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
$CAD
$USD

Compare Deals
Foreign Transfer Providers
Ratings & Reviews
Receive USD($)Exchange RateFee CADTotal CostTransfer ServicesTransfer SpeedDeal Links
 
WorldFirst logo
7,536 USD
Best Overall
0.753600.4%Bank Transfers - Online & Phone1-2 days
 
OFX logo
7,491 USD
45 USD less
0.74910^0.99%Bank Transfers - Online & Phone1-2 days
HSBC logo
7,332.98 USD
203 USD less
0.7344$153.08%Online, Branch, Bank Transfers2-3 days
Coast Capital Savings logo
7,278.48 USD
258 USD less
0.7352$1003.8%Online, Branch, Bank Transfers2-3 days
Scotiabank logo
7,270.56 USD
265 USD less
0.7344$1003.9%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo Royal Bank of Canada logo HSBC logo TD Canada Trust logo
7,257 USD
279 USD less
0.7317154.09%Online, Branch, Bank Transfers2-3 days
TD Canada Trust logo
7,205.22 USD
331 USD less
0.7278$1004.77%Online, Branch, Bank Transfers2-3 days
 
Royal Bank of Canada logo
7,196.31 USD
340 USD less
0.7269$1004.89%Online, Branch, Bank Transfers2-3 days
WorldFirst: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:
Exchange Rate:0.7536 (0.4% from mid-rate)
USD amount:7,536 USD
Total Cost:0.4%
Time:12:13 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.6/5.0
Reviews:
 
OFX: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:0.7491 (0.99% from mid-rate)
USD amount:7,491 USD
Total Cost:0.99%
Difference:
45 USD less than using WorldFirst
Time:
Rate Fetched: Fri Feb 22 2019 10:04:36 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
HSBC: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:$15 CAD (.15%)
Exchange Rate:0.7344 (2.93% from mid-rate)
USD amount:7,332.98 USD
Total Cost:3.08%
Difference:
203 USD less than using WorldFirst
Time:12:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Coast Capital Savings: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.7352 (2.83% from mid-rate)
USD amount:7,278.48 USD
Total Cost:3.8%
Difference:
258 USD less than using WorldFirst
Time:12:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Scotiabank: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.7344 (2.93% from mid-rate)
USD amount:7,270.56 USD
Total Cost:3.9%
Difference:
265 USD less than using WorldFirst
Time:12:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Coast Capital Savings logo Scotiabank logo Royal Bank of Canada logo HSBC logo TD Canada Trust logo

Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:15
Exchange Rate:0.7188 (5% from mid-rate)
USD amount:7,257 USD
Total Cost:4.09%
Difference:
279 USD less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
TD Canada Trust: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.7278 (3.81% from mid-rate)
USD amount:7,205.22 USD
Total Cost:4.77%
Difference:
331 USD less than using WorldFirst
Time:12:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Royal Bank of Canada: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.7269 (3.93% from mid-rate)
USD amount:7,196.31 USD
Total Cost:4.89%
Difference:
340 USD less than using WorldFirst
Time:12:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in Canada with FINTRAC. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/22/2019

1 CAD = 0.7566 USD

This is the current CAD-USD mid-market exchange rate. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market CAD-USD exchange rate.

3 Month Chart
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Currency news and forecasts for Canadian Dollar and United States Dollar

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.

So it follows that if you are determining the best time to transact, in this case the CAD vs USD, you should pay attention to both Canadian Dollar and United States Dollar news and forecasts.

Canadian Dollar (CAD) - Market news and forecasts

7-February-19: January was a fantastic month for the Canadian dollar. A gain of 4 percent relative to the US dollar took USD/CAD away from 19-month highs near C$1.365 into the low C$1.31s.

A recovery in the oil market has played a big part in the loonie’s 2019 recovery. By the time of this report, oil had gained nearly $12 per barrel, or 23 percent, on 2018 lows. The price of oil remains vital to Canada’s economy; it had fallen by as much as 40 percent in the October-December period.

Going forward, risks to the Canadian dollar include, of course, oil, and the return of global trade tensions.

Towards the end of 2018, Goldman Sachs predicted a strong energy market rebound in 2019 — more so than has already been realised — and this would underpin Canada’s currency.

In February, Westpac reaffirmed its view that the Canadian dollar would be an outperformer in 2019. Canada’s growth picture is more secure than those of the eurozone, UK or Australia, Westpac believes, and as a result, the Bank of Canada will be more hawkish this year relative to other G10 central banks, driving CAD appreciation.

United States Dollar (USD) - Market news and forecasts

26-January-19: 2018 was a reasonable year for the dollar. Measured by the US Dollar Index, the greenback appreciated by 4 percent, which was much better than 2017’s 10 percent loss. It was, though, something of a stuttering end to 2018 and the dollar has had mixed fortunes in early 2019.

In December, after lifting US interest rates to 2.25-2.5 percent, the Fed lowered its expectations for future hikes due to so-called “cross currents” (China, Brexit, trade wars etc.). Skepticism among analysts over future Fed hikes has for some time been the main reason for dollar pessimism for 2019, but now, there is also the prospect of a US economic slowdown to contend with.

“A slowdown in the economy is likely to weigh on USD particularly in the second half of this year,” a CIBC researcher said in January.

Of the same opinion was an expert at ING, who argued that the dollar is soon to “embark on a gradual long-term bearish trend.”

January’s extended US government shutdown also has dollar-negative ramifications. Not only is the shutdown likely to hit first-quarter GDP growth, disagreements within Congress bode poorly for the future of potentially inflationary fiscal spending.

Currency News and Forecasts - Canadian Dollar

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