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Compare USD to CAD foreign transfers

Use our comparison table to find the best exchange rates for Canadian Dollar foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
$USD
$CAD

Compare Deals
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Foreign Transfer Providers
Ratings & Reviews
Receive CAD($)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
13,277 CAD
Best Overall
1.32770^1.18%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
 
TransferWise logo
13,355 CAD
78 CAD
1.3423$510.6%Bank Transfers - Online, Foreign Currency Accounts1-2 days
Wells Fargo Bank logo
13,001 CAD
276 CAD
1.3024183.24%Online, Branch, Bank Transfers2-3 days
HSBC logo
12,991 CAD
286 CAD
1.3011$153.31%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
12,912 CAD
365 CAD
1.2988153.9%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
12,828 CAD
449 CAD
1.2958$1004.53%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
12,828 CAD
449 CAD
1.2958$1004.53%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:1.3277 (1.18% from mid-rate)
CAD amount:13,277 CAD
Total Cost:1.18%
Time:
Rate Fetched: Tue Apr 23 2019 16:02:29 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:1.3423 (0.1% from mid-rate)
CAD amount:13,355 CAD
Total Cost:0.6%
Difference:
78 CAD more than using OFX
Time:18:00 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:1.3024 (3.07% from mid-rate)
CAD amount:13,001 CAD
Total Cost:3.24%
Difference:
276 CAD less than using OFX
Time:18:00 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:1.3011 (3.16% from mid-rate)
CAD amount:12,991 CAD
Total Cost:3.31%
Difference:
286 CAD less than using OFX
Time:18:00 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:1.2931 (3.76% from mid-rate)
CAD amount:12,912 CAD
Total Cost:3.9%
Difference:
365 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:1.2958 (3.56% from mid-rate)
CAD amount:12,828 CAD
Total Cost:4.53%
Difference:
449 CAD less than using OFX
Time:18:00 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:1.2958 (3.56% from mid-rate)
CAD amount:12,828 CAD
Total Cost:4.53%
Difference:
449 CAD less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
3 Month Chart
Loading AUDUSD rates

This is a chart showing the change in the USD-CAD mid-market exchange rate over the last week. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market USD-CAD exchange rate.

Currency news and forecasts for United States Dollar and Canadian Dollar

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison 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

In the March-April period (to April-20), the Canadian dollar traded mostly sideways relative to USD, between C$1.33 and C$1.34; it was stable against EUR, at C$1.50, but against AUD it neared 15-week lows, at C$0.957.

Unlike other oil-sensitive currencies, the Canadian dollar has failed to take advantage of a thriving oil market, with the market’s attention instead turned towards the global economic slowdown and the Canadian housing market, which, according to the IMF, is now as risky as it was during the 2007-08 financial crisis.

Forecasters at RBC expect further sideways price action until mid-year, after which the loonie probably weakens modestly towards C$1.36 to the USD by year-end. 

CIBC is also predicting C$1.36 per USD in December, and sees further weakness to C$1.40 sometime in 2020 C$1.40 is an exchange rate last seen in February 2016.