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USD to CAD - Exchange Rate Overview

US Dollar to Canadian Dollar exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 
 

U$1,000 USD
=
C$1,351 CAD

*Converted at interbank exchange rate, scroll down to compare foreign transfer and spend/travel exchange rates.


 

Latest interbank exchange rate:

1 USD = 1.3508 CAD

Sell USD / Buy CAD 

 
USD to CAD 90-day trend
ALERTS:7-DAY3.3% | 60-DAY LOWS |
USD/CAD at 1.352 was trading 2.7% below AVG:1.3891 with LO:1.3227 and HI:1.4512 (90 days). ALERTS: USD/CAD was DOWN 3.3% this 7-DAY period and also dropped to 60-DAY LOWS.

Convert USD to CAD More Charts


US Dollar to Canadian Dollar - Quick Conversions

USD CAD
U$ 1 C$ 1.3508
U$ 5 C$ 6.7540
U$ 10 C$ 13.51
U$ 20 C$ 27.02
U$ 50 C$ 67.54
U$ 100 C$ 135.08
U$ 250 C$ 337.70
U$ 500 C$ 675.40
U$ 1,000 C$ 1,351
U$ 2,000 C$ 2,702
U$ 5,000 C$ 6,754
U$ 10,000 C$ 13,508
U$ 50,000 C$ 67,540
U$ 100,000 C$ 135,080
More amounts
USD CAD
U$ 0.7403 C$ 1
U$ 3.7015 C$ 5
U$ 7.4030 C$ 10
U$ 14.81 C$ 20
U$ 37.02 C$ 50
U$ 74.03 C$ 100
U$ 185.08 C$ 250
U$ 370.15 C$ 500
U$ 740.30 C$ 1,000
U$ 1,481 C$ 2,000
U$ 3,702 C$ 5,000
U$ 7,403 C$ 10,000
U$ 37,015 C$ 50,000
U$ 74,030 C$ 100,000
More amounts

To calculate your own 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 Provider Receive CAD(C$) Exchange RateFee USDDeal Links
OFX logo
C$1,340.8
0.8%
Best Overall
1.34080^
XE logo
C$1,331.3
1.5%
C$9.5 less
1.33130
HSBC logo
C$1,300.65
3.77%
C$40 less
1.3026U$1.50
U.S. Bank International Money Transfers
U.S. Bank logo
C$1,297.2
4.02%
C$44 less
1.29720
Bank of America International Money Transfers
Bank of America logo
C$1,277.74
5.46%
C$63 less
1.2972U$15
Wells Fargo Bank logo
C$1,277.82
5.46%
C$63 less
1.3039U$20
Banks - Average Rate
U.S. Bank logo Bank of America logo HSBC logo Wells Fargo Bank logo
C$1,288
4.68%
C$53 less
1.300215
 
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OFX: Foreign Transfer USD→CAD
From Amount (USD)U$1,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:1.3408 (0.8% from mid-rate)
To Amount (CAD) C$1,340.8
Total Cost:0.8%
Time:
Rate Fetched: 9:29 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
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XE: Foreign Transfer USD→CAD
From Amount (USD)U$1,000
Fee:
Exchange Rate:1.3313 (1.5% from mid-rate)
To Amount (CAD) C$1,331.3
Total Cost:1.5%
Difference:
C$9.5 CAD less than using OFX
Time:9:29 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
HSBC logo
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HSBC: Foreign Transfer USD→CAD
From Amount (USD)U$1,000
Fee:U$1.50 USD (.15%)
Exchange Rate:1.3026 (3.63% from mid-rate)
To Amount (CAD) C$1,300.65
Total Cost:3.77%
Difference:
C$40 CAD less than using OFX
Time:9:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
U.S. Bank logo
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U.S. Bank: Foreign Transfer USD→CAD
From Amount (USD)U$1,000
Fee:0
Exchange Rate:1.2972 (4.02% from mid-rate)
To Amount (CAD) C$1,297.2
Total Cost:4.02%
Difference:
C$44 CAD less than using OFX
Time:9:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Bank of America logo
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Bank of America: Foreign Transfer USD→CAD
From Amount (USD)U$1,000
Fee:U$15 USD (Minimum fee)
Exchange Rate:1.2972 (4.02% from mid-rate)
To Amount (CAD) C$1,277.74
Total Cost:5.46%
Difference:
C$63 CAD less than using OFX
Time:9:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Wells Fargo Bank logo
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Wells Fargo Bank: Foreign Transfer USD→CAD
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:1.3039 (3.53% from mid-rate)
To Amount (CAD) C$1,277.82
Total Cost:5.46%
Difference:
C$63 CAD less than using OFX
Time:9:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
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Foreign Transfer USD→CAD
From Amount (USD)U$1,000
Fee:15
Exchange Rate:1.2946 (4.22% from mid-rate)
To Amount (CAD) C$1,288
Total Cost:4.68%
Difference:
C$53 CAD less than using OFX
Transfer Speed:
Services:
 
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Snapshot 06/03/2020 - View live rates
 

The below comparison table displays the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

 

USD to CAD - Travel Money & Cards

Provider Amount CAD(C$) Exchange RateFee USDDeal Links
C$1,338.08
1%
Best Overall
1.3448U$5.00
U.S. Bank Foreign Cash
U.S. Bank logo
C$1,265.2
6.39%
C$73 less
1.26520
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
C$1,253
7.33%
C$85 less
1.265215
Wells Fargo Bank logo
C$1,239.9
8.26%
C$98 less
1.2652U$20
Travelex Online logo
C$1,200.7
11.16%
C$137 less
1.20070^
 
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TransferWise: Travel Money USD→CAD
From Amount (USD)U$1,000
Fee:U$5.00 USD (0.5% + U$1)
Exchange Rate:1.3448 (-0.5% from mid-rate)
To Amount (CAD) C$1,338.08
Total Cost:1%
Time:9:29 Local
Currency Services:Multi-currency debit card with linked foreign bank accounts
Delivery/Collect:5-7 days
Rating:
 
: 4.6/5.0
Reviews:
 
U.S. Bank logo
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U.S. Bank: Travel Money USD→CAD
From Amount (USD)U$1,000
Fee:0
Exchange Rate:1.2652 (-6.39% from mid-rate)
To Amount (CAD) C$1,265.2
Total Cost:6.39%
Time:9:29 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
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Travel Money USD→CAD
From Amount (USD)U$1,000
Fee:15
Exchange Rate:1.1827 (-12.5% from mid-rate)
To Amount (CAD) C$1,253
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 
Wells Fargo Bank logo
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Wells Fargo Bank: Travel Money USD→CAD
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:1.2652 (-6.39% from mid-rate)
To Amount (CAD) C$1,239.9
Total Cost:8.26%
Time:9:29 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
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Travelex Online: Travel Money USD→CAD
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:1.2007 (-11.16% from mid-rate)
To Amount (CAD) C$1,200.7
Total Cost:11.16%
Time:
Rate Fetched: Wed Jun 03 2020 09:15:03 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
loading
Snapshot 06/03/2020 - View live rates
 
 

Canadian Dollar (CAD) Country Guides

CanadaCanada (CAD)

USDCAD blended flags

US Dollar and Canadian Dollar Forecasts

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)

In early May the continuing coronavirus pandemic and an associated possible re-escalation in the US-China trade tensions has moved the market into safer currencies such as the USD and JPY.

Goldman Sachs and RBC Capital forecast a large drop for US dollar against Japanese Yen to continue with a USD/JPY rate of 95 in the near future.

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

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 over periods upto 10 years.

USD/CADPeriod to 02-JunDateRate
1.9% ▼1 Week26 May 20201.3785
4.3% ▼30 Days03 May 20201.4135
1% ▲90 Days04 Mar 20201.3387
0.6% ▲1 Year03 Jun 20191.3442
8.3% ▲5 Years04 Jun 20151.2490
28.5% ▲10 Years05 Jun 20101.0522
USD/CAD 10 year rates & changes to 02-Jun-2020 (1.3522)
 

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 BER.me FX Alerts

 

We help you Save Money on Exchange Rates.

Foreign Transfers Travel Money

View all USD Exchange Rates