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Understanding the Table:
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’.
Sending money to the United States can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to the United States bank accounts or pay a US dollar invoice.
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 |
|---|---|---|---|
22 May 2025 | 0.7216 | 1.4% ▲ | 2 Week |
07 Mar 2025 | 0.6958 | 5.1% ▲ | 3 Month |
05 Jun 2024 | 0.7304 | 0.1% ▲ | 1 Year |
06 Jun 2020 | 0.7451 | 1.8% ▼ | 5 Year |
08 Jun 2015 | 0.8053 | 9.2% ▼ | 10 Year |
10 Jun 2005 | 0.7994 | 8.5% ▼ | 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 best CAD to USD exchange rate is our partner deal rate of 0.7284 from OFX . This is -0.51% compared to the mid-market rate 0.7321.
The standard OFX CAD-USD rate is 0.7205, -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.
The above Loonie to Dollar comparison table 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.
Looking at the full comparison table the best CAD to USD exchange rate is 0.7284 from OFX, -0.51% from the mid-market rate 0.7321. The next best rate is 0.7278 from XE, -0.59% from the mid-rate. Then Wise with 0.7278 is -0.59% from the mid-rate.
The Western Union rate is 0.7248 which is -1% from the mid-rate.
Among the banks the TD Bank rate is 0.7264 at -0.78% the Scotiabank rate is 0.7133 at -2.6% and the Royal Bank of Canada rate is 0.7157 at -2.2% compared to the mid-rate 0.7321.
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.
View a full list of exchange rates by selecting your Base (from) currency: