Best Exchange Rates
Best Exchange Rates

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USD to CAD

United States Dollar to Canadian Dollar - Calculate Compare Save

USD to CAD mid-rate = 1.2959

Right now the USD/CAD market mid-rate is 1.2959 and represents ideally how many Canadian Dollar you can get for one United States Dollar.

You can calculate equivalent United States Dollar to Canadian Dollar currency amounts (at mid-rate) below. Then select the transaction type to compare the best exchange rates available for USD to CAD transfers or buying CAD travel money.

 

Currency Converter USD to CAD


$USD


$CAD
1 United States Dollar equals
1.2959 Canadian Dollar
1CAD= 0.7717 USD

Compare how much you can save on exchange rates for:

Foreign Transfers    Travel Cash/Cards

Get fee-free global transfers with partner OFX


3 Month USD/CAD Chart
USD-CAD 3 Month chart

United States Dollar

Canadian Dollar

1 USD 1.2959 CAD
5 USD 6.4795 CAD
10 USD 12.96 CAD
20 USD 25.92 CAD
50 USD 64.80 CAD
100 USD 129.59 CAD
250 USD 323.98 CAD
500 USD 647.95 CAD
1,000 USD 1,295.90 CAD
2,000 USD 2,591.80 CAD
5,000 USD 6,479.50 CAD
10,000 USD 12,959.00 CAD
50,000 USD 64,795.00 CAD

United States Dollar

Canadian Dollar

0.7717 USD 1 CAD
3.8585 USD 5 CAD
7.7170 USD 10 CAD
15.43 USD 20 CAD
38.59 USD 50 CAD
77.17 USD 100 CAD
192.93 USD 250 CAD
385.85 USD 500 CAD
771.70 USD 1,000 CAD
1,543.40 USD 2,000 CAD
3,858.50 USD 5,000 CAD
7,717.00 USD 10,000 CAD
38,585.00 USD 50,000 CAD

CAD Country Guides
CanadaCanada

United States Dollar to Canadian Dollar (USD-CAD) - 10 Year History

The below table shows the historic variation in the USD/CAD exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour.

DateExchange RatePeriodChange
14 Oct 20181.3041Latest
07 Oct 20181.29481 Week+0.72%
14 Sep 20181.30401 Month+0.01%
17 Apr 20181.25616 Months+3.82%
14 Oct 20171.24671 Year+4.6%
14 Oct 20161.31642 Years-0.93%
15 Oct 20131.03675 Years+25.79%
16 Oct 20081.190310 Years+9.56%

The three things you need in order to get a good USD to CAD exchange rate

  1. Know the latest USD/CAD market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
  2. Compare your Bank's transaction costs to several licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.

Transaction Costs - Margins and Fees for USD/CAD Transfers and Currency Exchange

The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.

You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from USD to CAD.

Compare Foreign Transfers vs the Banks

Send USD $10,000 → Receive CAD

ProviderReceive Amount CADExchange RateCostReviewsLinks to Offers
OFX logoOFX
$12,903 CAD1.29030.6%
 
Wells Fargo Bank logoWells Fargo Bank
$12,635 CAD1.26582.67%
HSBC logoHSBC
$12,626 CAD1.26452.73%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
$12,548.75 CAD1.26223.33%
Bank of America logoBank of America
$12,467 CAD1.25933.96%
U.S. Bank logoU.S. Bank
$12,467 CAD1.25933.96%
 
OFX: rate, rating & reviews
From amount:$10,000 USD
To amount:$12,903 CAD
Exchange Rate:1.2903
Total Cost:0.6% (against USD/CAD mid-rate: 1.2981)
Timestamp:
Rate Fetched: Mon Oct 15 2018 14:03:20 GMT+0000 (UTC)
Rating:
 
: 4.8/5.0
Reviews:
Wells Fargo Bank: rate, rating & reviews
From amount:$10,000 USD
To amount:$12,635 CAD
Exchange Rate:1.2658
Total Cost:2.67% (against USD/CAD mid-rate: 1.2981)
Difference:
$268 CAD less than using OFX
Timestamp:15:07 Local
Rating:
: /5.0
Reviews:
HSBC: rate, rating & reviews
From amount:$10,000 USD
To amount:$12,626 CAD
Exchange Rate:1.2645
Total Cost:2.73% (against USD/CAD mid-rate: 1.2981)
Difference:
$277 CAD less than using OFX
Timestamp:15:07 Local
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo

Banks - Average Rate :
From amount:$10,000 USD
To amount:$12,548.75 CAD
Exchange Rate:1.2567
Total Cost:3.33% (against USD/CAD mid-rate: 1.2981)
Difference:
$354 CAD less than using OFX
Bank of America: rate, rating & reviews
From amount:$10,000 USD
To amount:$12,467 CAD
Exchange Rate:1.2593
Total Cost:3.96% (against USD/CAD mid-rate: 1.2981)
Difference:
$436 CAD less than using OFX
Timestamp:15:07 Local
Rating:
: /5.0
Reviews:
U.S. Bank: rate, rating & reviews
From amount:$10,000 USD
To amount:$12,467 CAD
Exchange Rate:1.2593
Total Cost:3.96% (against USD/CAD mid-rate: 1.2981)
Difference:
$436 CAD less than using OFX
Timestamp:15:07 Local
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Request a free multiple-vendor quote: Get Quotes
* Cost = exchange rate margin + fees vs USD/CAD mid-rate: 1.2981
Rates @ 10/15/2018

The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.

Compare Travel Money Exchange Rates vs the Banks

USD $1,000 → Spend Canadian dollar (CAD)

ProviderSpend Amount USDExchange RateCostReviewsLinks to Offers
Travelex Online US logoTravelex Online US
$1156.10 CAD
Top Provider
1.156110.94%
 
HSBC logoHSBC
$1144.50 CAD
$12 less
1.144511.83%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo HSBC logo
$1129.17 CAD
$27 less
1.136813.01%
Wells Fargo Bank logoWells Fargo Bank
$1121.61 CAD
$34 less
1.144513.6%
U.S. Bank logoU.S. Bank
$1121.40 CAD
$35 less
1.121413.61%
Travelex Online US: rate, rating & reviews
From amount:$1,000 USD
To amount:$1156.10 CAD
Exchange Rate:1.1561
Total Cost:10.94% (against USD/CAD mid-rate: 1.2981)
Fees:$0
Timestamp:
Rate Fetched: Mon Oct 15 2018 14:00:04 GMT+0000 (UTC)
Rating:
 
: 4.3/5.0
Reviews:
HSBC: rate, rating & reviews
From amount:$1,000 USD
To amount:$1144.50 CAD
Exchange Rate:1.1445
Total Cost:11.83% (against USD/CAD mid-rate: 1.2981)
Fees:$0
Timestamp:15:07 Local
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo HSBC logo

Banks - Average Rate :
From amount:$1,000 USD
To amount:$1129.17 CAD
Exchange Rate:1.1358
Total Cost:13.01% (against USD/CAD mid-rate: 1.2981)
Fees:$10
Wells Fargo Bank: rate, rating & reviews
From amount:$1,000 USD
To amount:$1121.61 CAD
Exchange Rate:1.1445
Total Cost:13.6% (against USD/CAD mid-rate: 1.2981)
Fees: Minimum 20 USD
Timestamp:15:07 Local
Rating:
: /5.0
Reviews:
U.S. Bank: rate, rating & reviews
From amount:$1,000 USD
To amount:$1121.40 CAD
Exchange Rate:1.1214
Total Cost:13.61% (against USD/CAD mid-rate: 1.2981)
Fees:$0
Timestamp:15:07 Local
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Request a free multiple-vendor quote: Get Quotes
* Cost = exchange rate margin + fees vs USD/CAD mid-rate: 1.2981
Rates @ 10/15/2018

Getting a good market rate is mainly about timing however 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 comparison calculators make shopping around easy and help you calculate how much you can save.


Currency News, Research and Forecasts for United States Dollar and Canadian 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 USD vs CAD, you should pay attention to both United States Dollar and Canadian Dollar news and forecasts.

United States Dollar (USD) - Market news and forecasts

Until mid-August, the US dollar had been thriving, with a trade-weighted gain of 5.1 percent since January. A one-month wobble to mid-September had erased more than half of those gains but the remaining year-to-date gain of 2.4 percent was at least looking far rosier than 2017’s 10 percent slump. In a year in which safe havens have done well, the dollar ranked as the fifth best performer from a list of 21 important currencies.

Reasons for the dollar’s recent fall weren’t entirely obvious at the time of writing (September-17), given that most fundamental drivers appeared to be supportive, and those included a jump in US earnings, solid economic growth and safe-haven flows caused by trade tensions.

In mid-September, Citibank said of the dollar’s 6-12-month outlook that 3-4 percent upside was likely, followed by an 11 percent loss in the long term.

Like Citi, ING remain long-term bearish on the dollar. ING isn't ruling out interventions and jawboning from Washington aimed at weakening the dollar. President Trump would like a far lower dollar.

A near-term negative turn in US economic data might see the dollar lose 5-7 percent, ING said.

Canadian Dollar (CAD) - Market news and forecasts

The announcement of a trilateral trade deal between Canada, the US and Mexico, together with oil’s rise to multi-year highs, helped the Canadian dollar reach its strongest level in four months on October 1st (the day of this report) at C$1.2782 to the US dollar. During a period of sharp appreciation in late September, the loonie also reached an eight-month high versus the yen, and it also did well against the European majors, especially the Swiss franc.

In September, an average of three banks’ 12-month forecasts for USD/CAD had the pair at 1.32.

Why can't I just get the same USD/CAD market rate I see on Google or in the Media?

The USD/CAD mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the USD / CAD was traded (bought or sold) in the international markets.


When you look up the current United States Dollar to Canadian Dollar exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

USD to CAD mid-rate on google

USD to CAD mid-rate on google search

Getting a great USD to CAD mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use our USD to CAD currency converter to calculate equivalent amounts in each currency using the latest mid-market exchange rates. Then choose your transaction type for specific United States Dollar cross rates and reviews of leading foreign exchange providers versus the Banks.