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    Best USD to CAD Exchange Rates

    The best USD to CAD rate is 1.3500, and is the current mid-market exchange rate. We help you compare US dollar to Canadian dollar rates and costs to this live market rate.

    In this Dollar to loonie (USD/CAD) rate guide:

    Compare exchange rates - USD to CAD

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to Canadian dollar (CAD) rates from different sources before making a conversion.

    The below Rate Comparison Table makes it easy to compare the Total Cost you are being charged on Dollar to loonie currency rates and the possible savings of using various providers.


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    @bestfxrates : USD/CAD hovers at 30-day low of 1.3528. FX analysts eye U.S. dollar's strength, backed by solid economy & high yields, to challenge CAD into '24. Yet, a gradual USD softening is on the horizon as Fed rate hikes may end. Market views hint at a stronger USD at 1.31 in '24 but potential CAD gains by '25. #USDCAD #ForexUpdate

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    USD to CAD Market Data

    US dollar (USD) to Canadian dollar (CAD) market data - latest interbank mid-rate, trend, chart & historic rates.

    1 USD =
    1.3500We compare provider deals to this wholesale mid-market rate. Read more
    USD to CAD is at 30-day lows near 1.3486, 1.2% below its 3-month average of 1.3643, having traded in a very stable 3.2% range from 1.3448 to 1.3882
    Sell USD   →   Buy CAD
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    30-DAY LOW
    17 Nov 2023
    1.6% 2 Week
    02 Sep 2023
    0.5% 3 Month
    01 Dec 2022
    0.5% 1 Year
    02 Dec 2018
    1.8% 5 Year
    03 Dec 2013
    26.8% 10 Year
    06 Dec 2003
    3.4% 20 Year
    USD/CAD historic rates & change to 01-Dec-2023

    Forecasts for USD to CAD

    USDCAD chart
    30-DAY LOW

    Recent currency market analyses indicate a complex interplay of economic factors shaping the USD/CAD exchange rate. FX analysts suggest that the U.S. dollar's tenacious strength, fueled by a solid domestic economy and elevated Treasury yields, is likely to persist for the remainder of the year, potentially challenging major currencies, including the Canadian Dollar. Despite this strength being anticipated to continue into 2024, economists predict a gradual weakening of the USD as the Federal Reserve potentially ends its rate hike cycle. This could usher in an environment more conducive to gains in other major currencies.

    Read our full USD to CAD forecasts analysis

    CAD to USD flags

    How to get a good USD to CAD exchange rate

    There are several ways to save on exchange rates when converting US dollar to Canadian dollar:

    1. Shop around for the best USD/CAD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
    2. Timing is important: Keep an eye on the USD/CAD rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both USD and CAD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    Generally speaking, if you are buying Canadian dollar with US dollar, then it's better for the USD/CAD exchange rate to be higher.

    However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

    The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

    Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

    It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

    Will the US dollar rise against the Canadian dollar?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add USD/CAD to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    Read our Currency guide to Canada - a practical currency and money guide to travel, living and doing business in Canada with the Canadian dollar.


    Country Currency Guides

    United StatesUnited States (USD)CanadaCanada (CAD)

    Here are a few things to consider when sending money to Canada:

    1. Fees: Different banks and money transfer services charge different fees for international money transfers. Shop around to find the best deal and compare the fees charged by different providers.

    2. Exchange rate: The exchange rate is the rate at which one currency is converted into another. Keep an eye on the exchange rate when sending money to Canada, as it can fluctuate and impact the amount of money you receive.

    3. Transfer speed: Some money transfer providers offer faster transfer speeds than others. If you need the money to arrive in Canada quickly, consider a provider that offers expedited transfer speeds for an additional fee.

      Read more at our Canada (CAD) country guide


    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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