What's in this USD to CAD exchange rate review?
To calculate other USD/CAD amounts try our home-page Convert USD to CAD quick converter.
Comparing Retail Exchange Rates
The total cost for 'Retail' exchange rates you receive from your bank or foreign exchange provider consists of the margin from the 'Wholesale' rate (interbank mid-rate) plus any fixed or percentage fees.
These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.
Country Guides - Canadian Dollar
 Canada (CAD) |
US Dollar - Canadian Dollar Forecasting
The combination of an eroded US interest yield advantage, a broadly positive riskon mood and renewed euro demand, could be a catalyst to push the Canadian dollar along. The combination of an eroded US interest yield advantage, a broadly positive riskon mood and renewed euro demand, could be a catalyst to push the Canadian dollar along. August Currency Update
Read more about FX Broker and Bank analysts' predictions for USD to CAD future trends in our blog article USD to CAD Broker & Bank 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 always a difficult question as exchange rates are influenced by many factors, so a good method to consider the US Dollar vs Canadian Dollar current value is to look the USD/CAD historic rate and change over a range of periods.
The following table looks at the change in the USD to CAD exchange rate over periods from the previous week back to the last 10 years.
| USD/CAD rate | Change | Period |
|---|---|---|
| 07 Aug 2020 : 1.3386 | 0.9% ▼ | 1 Week |
| 15 Jul 2020 : 1.3508 | 1.8% ▼ | 30 Days |
| 16 May 2020 : 1.4108 | 6% ▼ | 90 Days |
| 15 Aug 2019 : 1.3318 | 0.4% ▼ | 1 Year |
| 16 Aug 2015 : 1.3095 | 1.3% ▲ | 5 Years |
| 17 Aug 2010 : 1.0341 | 28.3% ▲ | 10 Years |
USD/CAD 10 year historic rates & change to 14-Aug-2020 : 1.3268
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.