Understanding the Table:
The comparison table above helps you see the total cost of your TD Bank 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.
CAD/USD Outlook: The outlook for CAD/USD is slightly positive, but likely to move sideways, as the rate is above its recent average but lacks a clear driver.
CAD/EUR Outlook: Likely to decrease, as the rate is near multi-month lows and pressured by uncertain trade relations.
CAD/JPY Outlook: Slightly weaker, but likely to move sideways, as the pair trades near its 3-month average and is affected by mixed signals.
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 TD Bank CAD to USD exchange rate is 0.675. This is -8.3% compared to the latest CAD-USD mid-market rate 0.7360.
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 TD Bank - Loonie to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by TD Bank and other foreign exchange providers against the latest CAD-USD mid-rate and the possible savings of using various providers.
Looking at the full CAD to USD - Send Money comparison table the provider with the best CAD to USD exchange rate is OFX at 0.7338, -0.3% from the latest mid-market rate 0.7360.
The next best is Wise at 0.7329, -0.42% from the mid-rate.
Then XE at 0.7316, which is -0.6% from the mid-rate.
The Western Union rate is 0.7286 which is -1% from the mid-rate.
Among the banks the TD Bank rate is 0.675 at -8.3% the Scotiabank rate is 0.7182 at -2.4% and the Royal Bank of Canada rate is 0.7205 at -2.1% compared to the mid-rate 0.7360.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like TD Bank 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:
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