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USD to CAD - Rate Guide

US Dollar to Canadian Dollar exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 

1 USD = 1.3246 CAD

   Sell USD / Buy CAD  Switch

USD to CAD - Trading Range (90 Day)
14-DAY LOW (1d)
USD/CAD at 1.3257 is trading 0.6% above the 90-day average 1.3181 with a range 1.2963 to 1.3319. There are no current rate alerts.
18-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from US Dollar to Canadian Dollar

USD

CAD

U$ 1
C$ 1.3246
U$ 5
C$ 6.6230
U$ 10
C$ 13.25
U$ 20
C$ 26.49
U$ 50
C$ 66.23
U$ 100
C$ 132.46
U$ 250
C$ 331.15
U$ 500
C$ 662.30
U$ 1,000
C$ 1,325
U$ 2,000
C$ 2,649
U$ 5,000
C$ 6,623
U$ 10,000
C$ 13,246
U$ 50,000
C$ 66,230
U$ 100,000
C$ 132,460
More amounts

USD

CAD

U$ 0.7549
C$ 1
U$ 3.7745
C$ 5
U$ 7.5490
C$ 10
U$ 15.10
C$ 20
U$ 37.75
C$ 50
U$ 75.49
C$ 100
U$ 188.73
C$ 250
U$ 377.45
C$ 500
U$ 754.90
C$ 1,000
U$ 1,510
C$ 2,000
U$ 3,775
C$ 5,000
U$ 7,549
C$ 10,000
U$ 37,745
C$ 50,000
U$ 75,490
C$ 100,000
More amounts

To calculate specific USD/CAD amounts use our Convert USD to CAD quick calculator.


Comparing Foreign Exchange Providers

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for USD/CAD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

USD to CAD International Money Transfers

  

Foreign Transfer Providers Receive CAD(C$)Exchange RateFee USDTotal CostDeal Links
OFX logo
13,149 C$
Best Overall
1.31490^0.8%
XE logo
13,089 C$
C$60 less
1.308901.25%
TransferWise logo
13,174 C$
C$25 more
1.3242U$510.61%
Wells Fargo Bank logo
12,758 C$
C$391 less
1.2781183.75%
HSBC logo
12,749 C$
C$400 less
1.2768U$153.82%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
12,671 C$
C$478 less
1.2745154.4%
Bank of America International Money Transfers
Bank of America logo
12,589 C$
C$560 less
1.2716U$1005.02%
U.S. Bank International Money Transfers
U.S. Bank logo
12,589 C$
C$560 less
1.2716U$1005.02%
 
OFX logo
OFX: Foreign Transfer USD→CAD
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:1.3149 (0.8% from mid-rate)
To Amount (CAD)13,149 C$
Total Cost:0.8%
Time:
Rate Fetched: 18:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE logo
XE: Foreign Transfer USD→CAD
From Amount (USD)U$10,000
Fee:
Exchange Rate:1.3089 (1.25% from mid-rate)
To Amount (CAD)13,089 C$
Total Cost:1.25%
Difference:
C$60 CAD less than using OFX
Time:18:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
TransferWise logo
TransferWise: Foreign Transfer USD→CAD
From Amount (USD)U$10,000
Fee:U$51 USD (0.5% + U$1)
Exchange Rate:1.3242 (0.1% from mid-rate)
To Amount (CAD)13,174 C$
Total Cost:0.61%
Difference:
C$25 CAD more than using OFX
Time:18:03 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→CAD
From Amount (USD)U$10,000
Fee:18
Exchange Rate:1.2781 (3.58% from mid-rate)
To Amount (CAD)12,758 C$
Total Cost:3.75%
Difference:
C$391 CAD less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer USD→CAD
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:1.2768 (3.67% from mid-rate)
To Amount (CAD)12,749 C$
Total Cost:3.82%
Difference:
C$400 CAD less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer USD→CAD
From Amount (USD)U$10,000
Fee:15
Exchange Rate:1.2690 (4.26% from mid-rate)
To Amount (CAD)12,671 C$
Total Cost:4.4%
Difference:
C$478 CAD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of America logo
Bank of America: Foreign Transfer USD→CAD
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:1.2716 (4.07% from mid-rate)
To Amount (CAD)12,589 C$
Total Cost:5.02%
Difference:
C$560 CAD less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→CAD
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:1.2716 (4.07% from mid-rate)
To Amount (CAD)12,589 C$
Total Cost:5.02%
Difference:
C$560 CAD less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 02/18/2020 - View latest rates
 

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money Providers Amount CAD(C$)Exchange RateFee USDTotal CostDeal Links
Travelex Online US logo
1,177.7 C$
Best Overall
1.17770^11.15%
U.S. Bank Foreign Currency
U.S. Bank logo
1,142.4 C$
C$35 less
1.1424013.81%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
1,131 C$
C$47 less
1.1424U$1014.68%
Wells Fargo Bank logo
1,119.55 C$
C$58 less
1.1424U$2015.54%
 
Travelex Online US logo
Travelex Online US: Travel Money USD→CAD
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:1.1777 (11.15% from mid-rate)
To Amount (CAD)1,177.7 C$
Total Cost:11.15%
Time:
Rate Fetched: Tue Feb 18 2020 18:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Travel Money USD→CAD
From Amount (USD)U$1,000
Fee:0
Exchange Rate:1.1424 (13.81% from mid-rate)
To Amount (CAD)1,142.4 C$
Total Cost:13.81%
Time:18:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money USD→CAD
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:1.1598 (12.5% from mid-rate)
To Amount (CAD)1,131 C$
Total Cost:14.68%
Currency Services:Branch
Delivery/Collect:-
 
Wells Fargo Bank logo
Wells Fargo Bank: Travel Money USD→CAD
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:1.1424 (13.81% from mid-rate)
To Amount (CAD)1,119.55 C$
Total Cost:15.54%
Time:18:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 02/18/2020 - View latest rates
 

Country Guides (USD & CAD)

United StatesUnited States (USD)CanadaCanada (CAD)East TimorEast Timor (USD)
EcuadorEcuador (USD)El SalvadorEl Salvador (USD)British Virgin IslandsBritish Virgin Islands (USD)
US Virgin IslandsUS Virgin Islands (USD)Caribbean NetherlandsCaribbean Netherlands (USD)Turks and Caicos IslandsTurks and Caicos Islands (USD)
ZimbabweZimbabwe (USD)

USDCAD blended flags

USD and CAD in the Markets

When determining the best time to make a foreign exchange transaction, in this case the USD vs CAD, you should pay attention to the recent market trends for both currencies.

US Dollar (USD)

Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.

The US dollar held its value in 2019 despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.

At its October meeting the Federal Reserve cut the target range for the federal funds rate to 1.5-1.75 percent, the third rate cut so far this year, amid soft inflation indicators and general worries about the economy. However the central bank also signaled a pause in the easing cycle.

Taking the blame for the economic downturn is US President Donald Trump, whose trade war policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

Read more in the article USD Forecasts.

 

Canadian Dollar (CAD)

Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.

The threat of proxy war between the US and Iran in Iraq also pared back some of the gains the Loonie had made coming into the New Year.

The Canadian dollar was range bound during the second half of 2019 oscillating between US75c and US76.5c. Mid-year the loonie stormed ahead in June and July, rising to what turned out to be the 2019 high against the US dollar of US76.7cents and to 8-month highs against the euro, pound, Australian and New Zealand dollars. Against the Aussie, a minimal additional increase would take CAD to a 9-year high.

Supporting the loonie was a 10 percent rise in the oil price (oil is among Canada’s most exported products but is volatile and can’t be relied upon), a large and welcome jump in inflation, and dovishness at major central banks of the world, including the Federal Reserve, ECB and RBA.

The USMCA was signed by the United States, Mexico and Canadian on November 30 at the G20 Summit in Buenos Aires. Any delay to Canadian ratification of the USMCA trade deal would have likely depressed sentiment on Canada’s currency.

Read more in the article CAD Forecasts.


How to get Best USD to CAD Exchange Rates

All foreign exchange providers charge a fee for providing their service and this fee 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.

What is a good USD to CAD exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the USD to CAD exchange rate to the present day for periods going back upto 10 years.

PeriodChange*USD/CADDate
1 Day+0.2%1.323817 Feb 2020
7 Day-0.2%1.329111 Feb 2020
30 Day+1.5%1.306519 Jan 2020
3 Month-0.3%1.330420 Nov 2019
1 Year+0.2%1.323518 Feb 2019
5 Year+6.2%1.248019 Feb 2015
10 Year+26.8%1.045820 Feb 2010

*For period to 18-Feb 21UTC when USD/CAD was 1.3259

When is the best time to exchange USD to CAD?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup myBER FX Alerts

We help you Save Money on Exchange Rates.

 

View all USD Exchange Rates