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Understanding the Table:
The comparison table above helps you see the total cost of your Bank of Montreal currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘Get Rates’.
Canadian dollar (CAD) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Canadian dollar against the US dollar is to review how the CAD/USD rate has changed over time.
The table below shows the percentage change in the CAD to USD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
| Date | CAD/USD | Change | Period |
|---|---|---|---|
29 May 2025 | 0.7243 | 1% ▲ | 2 Week |
14 Mar 2025 | 0.6951 | 5.3% ▲ | 3 Month |
12 Jun 2024 | 0.7288 | 0.4% ▲ | 1 Year |
13 Jun 2020 | 0.7359 | 0.5% ▼ | 5 Year |
15 Jun 2015 | 0.8119 | 9.9% ▼ | 10 Year |
17 Jun 2005 | 0.8101 | 9.7% ▼ | 20 Year |
To help you understand the real-world value of the current exchange rate, the table below shows how much Canadian dollar are worth in US dollar across a range of amounts.
This gives a quick view of what you’d get when converting different CAD amounts at today’s rate * :
*Converted at the current CAD-USD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The Bank of Montreal CAD to USD exchange rate is 0.7091. This is -3.6% compared to the latest CAD-USD mid-market rate 0.7352.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Canadian dollar (CAD) to US dollar (USD) rates from different sources before making a conversion.
The above Bank of Montreal - Loonie to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Bank of Montreal and other foreign exchange providers against the latest CAD-USD mid-rate and the possible savings of using various providers.
Looking at the full comparison table the best CAD to USD exchange rate is 0.7315 from OFX, -0.5% from the mid-market rate 0.7352. The next best rate is 0.7309 from Wise, -0.58% from the mid-rate. Then XE with 0.7308 is -0.6% from the mid-rate.
The Western Union rate is 0.7278 which is -1% from the mid-rate.
Among the banks the TD Bank rate is 0.7264 at -1.2% the Scotiabank rate is 0.7150 at -2.7% and the Royal Bank of Canada rate is 0.7186 at -2.3% compared to the mid-rate 0.7352.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Bank of Montreal often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
The Canadian dollar (CAD) has shown resilience recently, bolstered by climbing oil prices, which are crucial for Canada’s economy.
Recent analyst forecasts indicate that the Canadian dollar (CAD) is currently supported by rising oil prices, which bolster its appeal as a commodity-linked currency.
The Canadian dollar (CAD) is currently benefiting from rising oil prices, trading at 105.5 JPY, which is 1.3% above its three-month average of 104.1.
View a full list of exchange rates by selecting your Base (from) currency: