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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 compared to HSBC Bank.

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

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Foreign Transfer Providers
Ratings & Reviews
Receive USD($)Exchange RateFee CADTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
7,377 USD
Best Overall
0.73770^0.93%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
HSBC logo
7,222.15 USD
155 USD
0.7233$153.01%Online, Branch, Bank Transfers2-3 days
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
7,167.6 USD
209 USD
0.724$1003.74%Online, Branch, Bank Transfers2-3 days
Scotiabank logo
7,160.67 USD
216 USD
0.7233$1003.83%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
7,146 USD
231 USD
0.7206154.03%Online, Branch, Bank Transfers2-3 days
TD Canada Trust logo
7,091.37 USD
286 USD
0.7163$1004.76%Online, Branch, Bank Transfers2-3 days
 
Royal Bank of Canada logo
7,087.41 USD
290 USD
0.7159$1004.82%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:0.7377 (0.93% from mid-rate)
USD amount:7,377 USD
Total Cost:0.93%
Time:
Rate Fetched: Tue Apr 23 2019 22:04:40 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:$15 CAD (.15%)
Exchange Rate:0.7233 (2.86% from mid-rate)
USD amount:7,222.15 USD
Total Cost:3.01%
Difference:
155 USD less than using OFX
Time:0:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Coast Capital Savings logoCoast Capital Savings

Coast Capital Savings: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.7240 (2.77% from mid-rate)
USD amount:7,167.6 USD
Total Cost:3.74%
Difference:
209 USD less than using OFX
Time:0:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Scotiabank logoScotiabank

Scotiabank: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.7233 (2.86% from mid-rate)
USD amount:7,160.67 USD
Total Cost:3.83%
Difference:
216 USD less than using OFX
Time:0:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:15
Exchange Rate:0.7074 (5% from mid-rate)
USD amount:7,146 USD
Total Cost:4.03%
Difference:
231 USD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

TD Canada Trust logoTD Canada Trust

TD Canada Trust: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.7163 (3.8% from mid-rate)
USD amount:7,091.37 USD
Total Cost:4.76%
Difference:
286 USD less than using OFX
Time:0:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Royal Bank of Canada logoRoyal Bank of Canada

Royal Bank of Canada: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.7159 (3.85% from mid-rate)
USD amount:7,087.41 USD
Total Cost:4.82%
Difference:
290 USD less than using OFX
Time:0:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
3 Month Chart
Loading AUDUSD rates

This is a chart showing the change in the CAD-USD mid-market exchange rate over the last week. 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.

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

In the March-April period (to April-20), the Canadian dollar traded mostly sideways relative to USD, between C$1.33 and C$1.34; it was stable against EUR, at C$1.50, but against AUD it neared 15-week lows, at C$0.957.

Unlike other oil-sensitive currencies, the Canadian dollar has failed to take advantage of a thriving oil market, with the market’s attention instead turned towards the global economic slowdown and the Canadian housing market, which, according to the IMF, is now as risky as it was during the 2007-08 financial crisis.

Forecasters at RBC expect further sideways price action until mid-year, after which the loonie probably weakens modestly towards C$1.36 to the USD by year-end. 

CIBC is also predicting C$1.36 per USD in December, and sees further weakness to C$1.40 sometime in 2020 C$1.40 is an exchange rate last seen in February 2016.

United States Dollar (USD) - Market news and forecasts

In the third week of April the Dollar Index was rallying strongly towards the mid-97s, slightly below major resistance at 97.70, a break of which would be massively positive for the greenback. The index was up 1.7 percent year-to-date.

The dollar’s strength comes in spite of a dovish surprise in March from the Federal Reserve, which ditched two interest rate hikes from its 2019 projections. Fortunately for dollar holders, the rest of the world has problems and other important central banks also turned dovish, removing much of the incentive for selling USD.

Bloomberg research warned in April of potential for a large upcoming move in the US dollar, up or down. Over the past quarter-century, three prominent troughs in the JPMorgan Global FX Volatility Index were followed by dollar moves over 6-month periods worth 10-15 percent. The index was trading in mid-April at a 5-year low.