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USD/CAD - Rate Guide

United States 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 transactions as shown below.

 

USD/CAD Exchange Rates and Providers Compared

This guide to the United States Dollar to Canadian Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and USD to CAD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. Calculate amounts and rate margins with the USD/CAD Calculator.

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USD/CAD - 90 Day Rate Alerts

1 USD = 1.3261 CAD

NO ALERTS for USD/CAD
USD/CAD over the last 90 days

View USD/CAD - Interactive Chart

Exchange rates can 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 ProvidersReceive CAD(C$)Exchange RateFee USDTotal CostDeal Links
OFX logo
13,155 CAD
Best Overall
1.31550^0.8%
XE logo
13,095 CAD
60 CAD
1.309501.25%
Wells Fargo Bank logo
12,703 CAD
452 CAD
1.2726184.21%
HSBC logo
12,694 CAD
461 CAD
1.2713$154.28%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
12,616 CAD
539 CAD
1.2690154.86%
Bank of America International Money Transfers
Bank of America logo
12,534 CAD
621 CAD
1.2661$1005.48%
U.S. Bank International Money Transfers
U.S. Bank logo
12,534 CAD
621 CAD
1.2661$1005.48%
 

OFX logo

OFX: Foreign Transfer USD→CAD
From Amount:10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:1.3155 (0.8% from mid-rate)
To Amount:13,155 CAD
Total Cost:0.8%
Time:
Rate Fetched: 12:00 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:10,000 USD
Fee:
Exchange Rate:1.3095 (1.25% from mid-rate)
To Amount:13,095 CAD
Total Cost:1.25%
Difference:
60 CAD less than using OFX
Time:12:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

Wells Fargo Bank logo

Wells Fargo Bank: Foreign Transfer USD→CAD
From Amount:10,000 USD
Fee:18
Exchange Rate:1.2726 (4.03% from mid-rate)
To Amount:12,703 CAD
Total Cost:4.21%
Difference:
452 CAD less than using OFX
Time:12:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer USD→CAD
From Amount:10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:1.2713 (4.13% from mid-rate)
To Amount:12,694 CAD
Total Cost:4.28%
Difference:
461 CAD less than using OFX
Time:12:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→CAD
From Amount:10,000 USD
Fee:15
Exchange Rate:1.2635 (4.72% from mid-rate)
To Amount:12,616 CAD
Total Cost:4.86%
Difference:
539 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:10,000 USD
Fee:$100 USD (1%)
Exchange Rate:1.2661 (4.52% from mid-rate)
To Amount:12,534 CAD
Total Cost:5.48%
Difference:
621 CAD less than using OFX
Time:12:00 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:10,000 USD
Fee:$100 USD (1%)
Exchange Rate:1.2661 (4.52% from mid-rate)
To Amount:12,534 CAD
Total Cost:5.48%
Difference:
621 CAD less than using OFX
Time:12:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 09/22/2019 - See full table

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 ProvidersAmount CAD(C$)Exchange RateFee USDTotal CostDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
1,241.3 CAD
Compare
1.241306.39%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
1,229 CAD
12 CAD
1.2413$107.33%
Wells Fargo Bank logo
1,216.47 CAD
25 CAD
1.2413$208.27%
Travelex Online US logo
1,178.3 CAD
63 CAD
1.17830^11.15%
 

U.S. Bank logo

U.S. Bank: Travel Money USD→CAD
From Amount:1,000 USD
Fee:0
Exchange Rate:1.2413 (6.39% from mid-rate)
To Amount:1,241.3 CAD
Total Cost:6.39%
Time:12:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→CAD
From Amount:1,000 USD
Fee:$10 USD (1%)
Exchange Rate:1.1603 (12.5% from mid-rate)
To Amount:1,229 CAD
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logo

Wells Fargo Bank: Travel Money USD→CAD
From Amount:1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:1.2413 (6.39% from mid-rate)
To Amount:1,216.47 CAD
Total Cost:8.27%
Time:12:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Travelex Online US logo

Travelex Online US: Travel Money USD→CAD
From Amount:1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:1.1783 (11.15% from mid-rate)
To Amount:1,178.3 CAD
Total Cost:11.15%
Time:
Rate Fetched: Sun Sep 22 2019 12:00:05 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 09/22/2019 - See full table

USD / CAD converter & margin calculator

$USD
C$CAD
mid-rates

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

Foreign Transfers Travel Money

Foreign Transfers Travel Money

United States Dollar

Canadian Dollar

1 USD 1.3261 CAD
5 USD 6.6305 CAD
10 USD 13.26 CAD
20 USD 26.52 CAD
50 USD 66.31 CAD
100 USD 132.61 CAD
250 USD 331.53 CAD
500 USD 663.05 CAD
1,000 USD 1,326.10 CAD
2,000 USD 2,652.20 CAD
5,000 USD 6,630.50 CAD
10,000 USD 13,261.00 CAD
50,000 USD 66,305.00 CAD
100,000 USD 132,610.00 CAD
See more

United States Dollar

Canadian Dollar

0.7541 USD 1 CAD
3.7705 USD 5 CAD
7.5410 USD 10 CAD
15.08 USD 20 CAD
37.71 USD 50 CAD
75.41 USD 100 CAD
188.53 USD 250 CAD
377.05 USD 500 CAD
754.10 USD 1,000 CAD
1,508.20 USD 2,000 CAD
3,770.50 USD 5,000 CAD
7,541.00 USD 10,000 CAD
37,705.00 USD 50,000 CAD
75,410.00 USD 100,000 CAD
See more
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)

USD/CAD - Historical Trends

This table shows historic rates and trends of United States Dollar to Canadian Dollar over periods upto 10 years.

PeriodChange*USD/CADDate
7 Day-0.2%1.329013 Sep 2019
30 Day-0.2%1.328921 Aug 2019
3 Month+0.2%1.323122 Jun 2019
1 Year+2.7%1.291020 Sep 2018
5 Year+21.1%1.095721 Sep 2014
10 Year+24.1%1.068422 Sep 2009

*For period to 20-Sep 21UTC when USD/CAD was 1.3264

You can use our USD interactive charts to check USDCAD historic trends.

Get a Better FX Deal when you Send and Spend Abroad.

 

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.

 

United States Dollar (USD)

The US dollar has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).

As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.

Taking the blame for the economic downturn is US President Donald Trump, whose trade 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)

The Canadian dollar stormed ahead in the second half of June, rising to a 16-week high against the US dollar 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.

Any delay to Canadian ratification of the USMCA trade deal (already accepted by Mexico) is likely to depress sentiment on Canada’s currency.

Read more in the article CAD Forecasts.

Why can't I just get the USD/CAD market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the USD / CAD was traded (bought or sold) in the international markets.

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). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

USDCAD blended flags

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

We help you Compare & Save Money on Exchange Rates.

 

View all USD Exchange Rates