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Best Send Money to Canada USD/CAD Rates Compared Live

The best USD to CAD exchange rate is 1.3568. Compare foreign transfer and currency exchange rates, find better rates & deals.

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Comparing USD-CAD send money exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to Canadian dollar (CAD) rates from different sources before making a conversion.

The above Dollar to Loonie comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest USD-CAD mid-rate (see below) and the possible savings of using another provider.

 
@bestfxrates : USD to CAD hits 7-day peak at 1.3534, up 0.7% from 3-mo avg. Upbeat US jobs & inflation delay Fed rate cut hopes, boosting USD. CAD lags despite oil rise; CIBC sees USD/CAD at 1.31 by year-end. Eyes on econ data as market views USD strength into '25. #USDCAD #ForexUpdate [March 15]

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Save time and money - fewer websites to visit and you get a much better exchange rate & service.

 
 

USD to CAD Market Data

US dollar (USD) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 USD =
1.3568We compare provider deals to this wholesale mid-market rate. Read more
CAD
-0.0%
📈1W
USD to CAD at 1.3534 is just 0.7% above its 3-month average of 1.3442, having traded in a very stable 3.0% range from 1.3200 to 1.3595
|
Sell USD   â†’   Buy CAD
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DateUSD/CADChangePeriod
04 Mar 2024
1.3576
0.3% â–¼2 Week
19 Dec 2023
1.3338
1.5% â–²3 Month
19 Mar 2023
1.3714
1.3% â–¼1 Year
20 Mar 2019
1.3291
1.8% â–²5 Year
21 Mar 2014
1.1227
20.5% â–²10 Year
23 Mar 2004
1.3326
1.6% â–²20 Year
USD/CAD historic rates & change to 18-Mar-2024
 

What are equivalent amounts of USD and CAD?

Here are some popular conversion amounts for USD to CAD (US dollar to Canadian dollar)*.

USD CAD
$ 1 C$ 1.3568
$ 5 C$ 6.7840
$ 10 C$ 13.57
$ 20 C$ 27.14
$ 50 C$ 67.84
$ 100 C$ 135.68
$ 250 C$ 339.20
$ 500 C$ 678.40
$ 1,000 C$ 1,357
$ 2,000 C$ 2,714
$ 5,000 C$ 6,784
$ 10,000 C$ 13,568
$ 20,000 C$ 27,136
$ 50,000 C$ 67,840
$ 100,000 C$ 135,680
USD CAD
$ 0.7370 C$ 1
$ 3.6850 C$ 5
$ 7.3700 C$ 10
$ 14.74 C$ 20
$ 36.85 C$ 50
$ 73.70 C$ 100
$ 184.25 C$ 250
$ 368.50 C$ 500
$ 737.00 C$ 1,000
$ 1,474 C$ 2,000
$ 3,685 C$ 5,000
$ 7,370 C$ 10,000
$ 14,740 C$ 20,000
$ 36,850 C$ 50,000
$ 73,700 C$ 100,000

More amounts

*Converted at the current USDCAD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for USD to CAD

 

The recent movements in the USD to CAD exchange rate have been influenced by multiple factors affecting both currencies. The US Dollar (USD) has strengthened against the Canadian Dollar (CAD) due to upbeat economic indicators, notably the unexpected acceleration in US inflation and robust job market data. This has led to a rally in the USD, as markets now anticipate a delay in potential interest rate cuts by the Federal Reserve this year. Analysts are predicting further strength in the USD, with expectations of a rate reduction pushed back to June and a positive outlook for the US economy in 2025.

Read our full review of recent USD to CAD forecasts.

 

How to get a good USD to CAD exchange rate

There are several ways to save on exchange rates when converting US dollar to Canadian dollar:

  1. Shop around for the best USD/CAD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the USD/CAD rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both USD and CAD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Canadian dollar with US dollar, then it's better for the USD/CAD exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

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 personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to Canada - a practical currency and money guide to travel, living and doing business in Canada with the Canadian dollar.

 
 
 

Currency Country Guides

United StatesUnited States (USD)CanadaCanada (CAD)
 

Here are a few things to consider when sending money to Canada:

  1. Fees: Different banks and money transfer services charge different fees for international money transfers. Shop around to find the best deal and compare the fees charged by different providers.

  2. Exchange rate: The exchange rate is the rate at which one currency is converted into another. Keep an eye on the exchange rate when sending money to Canada, as it can fluctuate and impact the amount of money you receive.

  3. Transfer speed: Some money transfer providers offer faster transfer speeds than others. If you need the money to arrive in Canada quickly, consider a provider that offers expedited transfer speeds for an additional fee.

    Read more at our Canada (CAD) country guide

   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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