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USD to CAD - Compare Exchange Rates

United States Dollar to Canadian Dollar - Convert Compare Save

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 and Travel Money transactions as shown below.

 

Compare USD/CAD Exchange Rates

The below table is a snapshot of the costs charged by FX specialists and banks for USD/CAD International Money Transfers. Costs are calculated against the amount when USD is converted to CAD at mid-rate.

Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Foreign Transfer Providers
Ratings & Reviews
Receive CAD($)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
13,171 CAD
Best Overall
1.31710^1.55%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
 
TransferWise logo
13,298 CAD
127 CAD
1.3366$510.61%Bank Transfers - Online, Foreign Currency Accounts1-2 days
Wells Fargo Bank logo
12,897 CAD
274 CAD
1.292183.6%Online, Branch, Bank Transfers2-3 days
HSBC logo
12,888 CAD
283 CAD
1.2907$153.67%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
12,809 CAD
362 CAD
1.2884154.26%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
12,725 CAD
446 CAD
1.2854$1004.89%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
12,725 CAD
446 CAD
1.2854$1004.89%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer USD→CAD
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:1.3171 (1.55% from mid-rate)
CAD amount:13,171 CAD
Total Cost:1.55%
Time:
Rate Fetched: Thu Apr 18 2019 22:02:29 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
TransferWise: Foreign Transfer USD→CAD
USD amount:$10,000 USD
Fee:$51 USD (0.5% + $1)
Exchange Rate:1.3366 (0.1% from mid-rate)
CAD amount:13,298 CAD
Total Cost:0.61%
Difference:
127 CAD more than using OFX
Time:0:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Foreign Transfer USD→CAD
USD amount:$10,000 USD
Fee:18
Exchange Rate:1.2920 (3.43% from mid-rate)
CAD amount:12,897 CAD
Total Cost:3.6%
Difference:
274 CAD less than using OFX
Time:0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer USD→CAD
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:1.2907 (3.53% from mid-rate)
CAD amount:12,888 CAD
Total Cost:3.67%
Difference:
283 CAD less than using OFX
Time:0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→CAD
USD amount:$10,000 USD
Fee:15
Exchange Rate:1.2828 (4.12% from mid-rate)
CAD amount:12,809 CAD
Total Cost:4.26%
Difference:
362 CAD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logoBank of America

Bank of America: Foreign Transfer USD→CAD
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:1.2854 (3.92% from mid-rate)
CAD amount:12,725 CAD
Total Cost:4.89%
Difference:
446 CAD less than using OFX
Time:0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logoU.S. Bank

U.S. Bank: Foreign Transfer USD→CAD
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:1.2854 (3.92% from mid-rate)
CAD amount:12,725 CAD
Total Cost:4.89%
Difference:
446 CAD less than using OFX
Time:0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

The below table shows a snapshot 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.

Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Travel Money Providers
Ratings & Reviews
Amount CAD($)Exchange RateFee USDTotal CostCurrency ServicesDelivery/CollectDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
1,252.3 CAD
Compare
1.252306.4%Branch-
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
1,240 CAD
12 CAD
1.2523$107.33%Branch-
Wells Fargo Bank logo
1,227.25 CAD
25 CAD
1.2523$208.27%Branch-
 
Travelex Online US logo
1,188.1 CAD
64 CAD
1.18810^11.2%Online order, Branch pickup, Home delivery2-3 days
 

U.S. Bank logoU.S. Bank

U.S. Bank: Travel Money USD→CAD
USD amount:$1,000 USD
Fee:0
Exchange Rate:1.2523 (6.4% from mid-rate)
CAD amount:1,252.3 CAD
Total Cost:6.4%
Time:0:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→CAD
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:1.1707 (12.5% from mid-rate)
CAD amount:1,240 CAD
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Travel Money USD→CAD
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:1.2523 (6.4% from mid-rate)
CAD amount:1,227.25 CAD
Total Cost:8.27%
Time:0:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Travelex Online US: Travel Money USD→CAD
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:1.1881 (11.2% from mid-rate)
CAD amount:1,188.1 CAD
Total Cost:11.2%
Time:
Rate Fetched: Thu Apr 18 2019 22:00:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

USD to CAD interbank exchange rate = 1.3373

Right now the USD/CAD interbank exchange rate is 1.3373. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.

It's the reference rate we use to calculate how much you are being charged to convert Canadian Dollar to United States Dollar.

This USD/CAD Converter calculates equivalent United States Dollar to Canadian Dollar amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.

USD / CAD converter & margin calculator


$USD
$CAD
Mid-rates:
 

Foreign Transfers Travel Money

Compare how much you can save on
USD/CAD exchange rates for:

Foreign Transfers Travel Money

1 Week USD to CAD
Loading USD/CAD rates

United States Dollar

Canadian Dollar

1 USD 1.3373 CAD
5 USD 6.6865 CAD
10 USD 13.37 CAD
20 USD 26.75 CAD
50 USD 66.87 CAD
100 USD 133.73 CAD
250 USD 334.33 CAD
500 USD 668.65 CAD
1,000 USD 1,337.30 CAD
2,000 USD 2,674.60 CAD
5,000 USD 6,686.50 CAD
10,000 USD 13,373.00 CAD
50,000 USD 66,865.00 CAD
100,000 USD 133,730.00 CAD
See more

United States Dollar

Canadian Dollar

0.7478 USD 1 CAD
3.7390 USD 5 CAD
7.4780 USD 10 CAD
14.96 USD 20 CAD
37.39 USD 50 CAD
74.78 USD 100 CAD
186.95 USD 250 CAD
373.90 USD 500 CAD
747.80 USD 1,000 CAD
1,495.60 USD 2,000 CAD
3,739.00 USD 5,000 CAD
7,478.00 USD 10,000 CAD
37,390.00 USD 50,000 CAD
74,780.00 USD 100,000 CAD
See more

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. You can also view our various charts of USD versus other currencies : USD historical charts.

DateExchange RatePeriodChange
18 Apr 20191.3379Latest
11 Apr 20191.33781 Week+0.01%
19 Mar 20191.33261 Month+0.4%
20 Oct 20181.31156 Months+2.01%
18 Apr 20181.26281 Year+5.95%
18 Apr 20171.33832 Years-0.03%
19 Apr 20141.10215 Years+21.4%
20 Apr 20091.234810 Years+8.35%

Why can't I just get the 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.

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.

The closer your final exchange rate is to the market USD/CAD midrate the better deal you are getting.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

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.

Currency news and forecasts for United States Dollar and Canadian Dollar

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative 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

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.

Canadian Dollar (CAD) - Market news and forecasts

A fantastic January that took the Canadian dollar away from long-term lows against the US dollar was followed by a steady February and then a weak first-half of March.

In the first week of March, traders reacted badly to news of Canada’s economy growing at a dismal quarterly rate of just 0.1 percent (the slowest rate of quarterly growth in 2 ½ years), and they sold the loonie to account for a lower probability of future interest rate hikes by Canada’s central bank.

Against the US dollar, the loonie recovered slightly in the second week of March and stabilised at levels near C$1.333 per USD, although another notable exchange rate at the time of writing, GBP/CAD, rose to an 8-month high (CAD low) of C$1.78.

Per researchers at CIBC and TD Securities, fair value in USD/CAD is currently C$1.4, indicating potential CAD depreciation worth 5 percent. A move to C$1.4 would take the loonie to its lowest level against its US cousin since early 2016.