The comparison table above helps you see the total cost of your 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 details and click ‘Compare’.
CAD to USD Market Data
Canadian dollar (CAD) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the CAD to USD Exchange Rate Likely to Improve?
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
21 May 2025
0.7214
1% ▲
2 Week
06 Mar 2025
0.6996
4.2% ▲
3 Month
04 Jun 2024
0.7311
0.3% ▼
1 Year
05 Jun 2020
0.7451
2.2% ▼
5 Year
07 Jun 2015
0.8036
9.3% ▼
10 Year
09 Jun 2005
0.7968
8.5% ▼
20 Year
CAD/USD historic rates & change to 04-Jun-2025
CAD hits 90-day high vs USD at 0.7292, up 2.3% from 3mth avg. Despite oil prices sitting 2.1% below avg at $65.63/barrel, loonie shows strength. Analysts expect CAD to keep tracking crude prices while USD faces pressure from trade tensions & mixed econ data. #CADUSD #forex
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 * :
The standard OFX CAD-USD rate is 0.7195, -1.6% from the mid-rate. Visit OFX here to secure the better rate.
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.
How do CAD-USD rates compare between providers?
Looking at our comparison table the best CAD to USD exchange rate is 0.7273 from OFX, -0.51% from the mid-market rate 0.7310. The next best rate is 0.7267 from Wise, -0.59% from the mid-rate. Then XE with 0.7266 is -0.6% from the mid-rate.
The Western Union rate is 0.7237 which is -1% from the mid-rate.
Among the banks the TD Bank rate is 0.7264 at -0.63% the Scotiabank rate is 0.7108 at -2.8% and the Royal Bank of Canada rate is 0.7157 at -2.1% compared to the mid-rate 0.7310.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers 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 Loonie to Dollar comparison table
above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest CAD-USD mid-rate and the possible savings of using various providers.
View a full list of exchange rates by selecting your Base (from) currency: