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 transaction type, details and click ‘GET RATES’.
USD to CAD Market Data
US dollar (USD) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.
Bias: Range-bound, as USDJPY sits above its 90-day average and near the upper end of the 3-month range, but policy signals are mixed due to diverging central bank paths.
USD/CAD remains bearish-to-range-bound, below the 90-day avg and near the bottom of a 3m range; Fed easing toward neutral and oil strength support CAD.
Bias
Bearish-to-range-bound as USD/CAD sits below its ninety-day average and in the lower half of the three-month range.
Key drivers
- Rate gap: The Fed is expected to ease toward a neutral policy stance in the coming year, while the BoC has signaled the policy rate is about right after its recent adjustment.
- Risk/commodities: Oil stays buoyant, supporting CAD as a major exporter; any sustained gains in oil reduce CAD selling pressure and can help CAD resist USD advances in risk-on periods.
- One macro factor: US labour market data due, with payrolls and unemployment figures likely to steer the next Fed move. A strong print would lift the dollar and tighten the gap versus CAD.
Range
Expect the pair to drift within the three-month range, hovering near the lower end.
What could change it
- Upside risk: stronger US jobs data or a firmer Fed stance could lift USD versus CAD.
- Downside risk: oil price strength persists, boosting CAD and pushing USD/CAD lower
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USD to CAD Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much US dollar are worth in Canadian dollar across a range of amounts.
This gives a quick view of what you’d get when converting different USD amounts at today’s rate * :
What is the
best Send Money conversion rate for USD to CAD?
The best USD to CAD exchange rate is 1.3823 from OFX . This is -0.5% compared to the mid-market rate 1.3892.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
US dollar (USD) to Canadian dollar (CAD) rates from different sources before making a conversion.
The above
Dollar to Loonie 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 USD-CAD mid-rate and the possible savings of using various providers.
How do USD-CAD rates compare between providers?
Looking at the full
USD to CAD - Send Money comparison table the provider with the best USD to CAD exchange rate is OFX at 1.3823, -0.5% from the latest mid-market rate 1.3892.
The next best is XE at 1.3809, -0.6% from the mid-rate.
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.