Compare USD to CAD Exchange Rates
When sending or spending money abroad you should always check the total cost of the exchange rate and fees offered by your bank or FX provider. Exchange rates for foreign transfers and currency exchange always contain a margin from the wholesale USD/CAD rate (see above) plus additional fixed or percentage fees, but these costs can be hard to calculate.
The below comparison table makes it easy to calculate how much you are being charged for Transfers and Currency Exchange and the possible savings of using another FX provider.
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US dollar to Canadian dollar - Recent Trend
USD - CAD - Forecasts & News
OFX say CAD could trade between 1.1900 (stronger CAD) and 1.2300 (weaker CAD) in June. As CAD is already trading at the higher end of this range, it has more scope to lose value. USD-CAD Forecasts
In 2021 the Canadian dollar has risen as a global economic recovery takes hold, with larger gains if the Bank of Canada is seen to be preparing to reduce monetary stimulus, economists say. CAD Forecasts
This week the US Federal Reserve pushed its growth forecasts higher and moved the timing of its interest rate hikes to 2023. This sent the US Dollar higher against all its Rivals on Thursday and Friday. USD Forecasts
Country Guides - Canadian dollar
 Canada (CAD) |
How to get Good USD to CAD Exchange Rates
There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.
Reduce Excessive costs and fees
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.
USD to CAD - Quick Amounts
More US dollar Rates & Trends
USD to EUR
USD to EUR at 0.8389 is 0.9% above its 90-day average, range 0.8163-0.8534. USD/EUR Rates
USD to AUD
USD to AUD at 1.3255 has risen 2.0% above its 90-day average, range 1.2738-1.3373. USD/AUD Rates
USD to GBP
USD to GBP at 0.7178 is just above its 90-day average, range 0.7038-0.7305. USD/GBP Rates
USD to INR
USD to INR at 74.26 is 0.8% above its 90-day average, range 72.39-75.45. USD/INR Rates
USD to MXN
USD to MXN at 20.37 has risen 1.3% above its 90-day average, range 19.69-20.93. 1D▼-0.6% USD/MXN Rates
View More US dollar Cross Rates
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 | Change | Period |
|---|---|---|
| 15 Jun 2021 → 1.2186 | 1% ▲ | 1 Week |
| 23 May 2021 → 1.2070 | 2% ▲ | 30 Days |
| 24 Mar 2021 → 1.2579 | 2.2% ▼ | 90 Days |
| 22 Jun 2020 → 1.3505 | 8.9% ▼ | 1 Year |
| 23 Jun 2016 → 1.2774 | 3.6% ▼ | 5 Years |
| 25 Jun 2011 → 0.9852 | 24.9% ▲ | 10 Years |
USD/CAD rate change to 22-Jun-2021 → 1.2308
Will the US dollar rise against the Canadian dollar?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add USD/CAD to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.
Rather than requiring you to set a target rate, our FX Alerts work differently.
Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.
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