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’.
Save Money - Compare Exchange Rate Margins & Fees
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.
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
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
CAD/USD historic rates & change to 05-Jun-2025
CAD hits 90-day high vs USD, now at 0.7311 (2.5% above 3-month avg). BoC rate hold & potential US tariffs creating volatility per analysts. Experts warn widening CA trade deficit could pressure loonie despite recent strength. #forex #CADUSD
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 0.7205, -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.
How do CAD-USD rates compare between 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: