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    Best USD to CAD Exchange Rates Compared Live

    The live mid-rate USD to CAD exchange rate is 1.4136. Compare currency conversion rates - Reduce FX costs.

    USD-CAD Best Exchange Rates
     

     
    The USD/CAD exchange rate has surged to 1.4148, marking a 2.3% increase over its three-month average. FX analysts cite Trump's re-election as a key driver, raising inflation expectations and potential tariffs that could pressure the CAD. Oil price volatility adds to the caution. 12-Dec

     
     

    What is the best Send Money conversion rate for USD to CAD?

    The best USD to CAD exchange rate is our partner deal rate of 1.4065 from OFX . This is -0.5% compared to the mid-market rate 1.4136.

    The standard OFX USD-CAD rate is 1.3883, -1.8% 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 US dollar (USD) to Canadian dollar (CAD) rates from different sources before making a conversion.

    How do USD-CAD rates compare between providers?

    Looking at our comparison table the best USD to CAD exchange rate is 1.4065 from OFX, -0.5% from the mid-market rate 1.4136. The next best rate is 1.4051 from XE, -0.6% from the mid-rate. Wise with 1.4044 is -0.65% from the mid-rate.

    The Western Union rate is 1.3995 which is -1% from the mid-rate.

    Among the banks, the Citibank rate is 1.3671 at -3.3%, the Chase Bank rate is 1.3106 at -7.3%, and the Wells Fargo Bank rate is 1.3021 at -7.9% 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.

     

    Compare Rates

     

    The Dollar to Loonie comparison table above 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 (see Market Data below ) and the possible savings of using various providers. 

     
     
     

    USD to CAD Market Data

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

     
    Sell USD   →   Buy CAD
    1 USD =
    1.4136We compare provider deals to this wholesale mid-market rate. Read more
    CAD
    -0.2% since yesterday
    90d-highs
    USD to CAD at 1.4148 is 2.3% above its 3-month average of 1.3836, having traded in a quite stable 5.5% range from 1.3431 to 1.4173
    |
    Tracker

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    DateUSD/CADChangePeriod
    28 Nov 2024
    1.4008
    1% 2 Week
    13 Sep 2024
    1.3595
    4.1% 3 Month
    13 Dec 2023
    1.3510
    4.7% 1 Year
    14 Dec 2019
    1.3169
    7.4% 5 Year
    15 Dec 2014
    1.1646
    21.5% 10 Year
    17 Dec 2004
    1.2289
    15.1% 20 Year
    USD/CAD historic rates & change to 12-Dec-2024
     

    What are equivalent amounts of USD and CAD?

    Here are some popular conversion amounts for USD to CAD (US dollar to Canadian dollar)*.

    USD CAD
    $ 1 C$ 1.4136
    $ 5 C$ 7.0680
    $ 10 C$ 14.14
    $ 20 C$ 28.27
    $ 50 C$ 70.68
    $ 100 C$ 141.36
    $ 250 C$ 353.40
    $ 500 C$ 706.80
    $ 1,000 C$ 1,414
    $ 2,000 C$ 2,827
    $ 5,000 C$ 7,068
    $ 10,000 C$ 14,136
    $ 20,000 C$ 28,272
    $ 50,000 C$ 70,680
    $ 100,000 C$ 141,360
    USD CAD
    $ 0.7074 C$ 1
    $ 3.5370 C$ 5
    $ 7.0740 C$ 10
    $ 14.15 C$ 20
    $ 35.37 C$ 50
    $ 70.74 C$ 100
    $ 176.85 C$ 250
    $ 353.70 C$ 500
    $ 707.40 C$ 1,000
    $ 1,415 C$ 2,000
    $ 3,537 C$ 5,000
    $ 7,074 C$ 10,000
    $ 14,148 C$ 20,000
    $ 35,370 C$ 50,000
    $ 70,740 C$ 100,000

    More amounts

    *Converted at the current USDCAD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

     
     

    Forecasts for USD to CAD

     

    The USD/CAD exchange rate has recently seen significant upward momentum, with the current rate at 1.4148, reflecting a 2.3% rise above its three-month average of 1.3836. Analysts attribute this strength largely to Donald Trump’s recent re-election, which has reignited investor expectations of inflation and market volatility driven by potential tariff implementations on imports, particularly affecting Canada and China. As the US dollar gains traction on the back of these policies, economists predict that continued strength in the dollar could pressure the Canadian dollar (CAD), which has a historical correlation with USD movements. Furthermore, Trump’s pro-business policies and focus on tariffs are expected to inhibit prospects for the CAD, which is sensitive to changes in global trade dynamics.

    Read our full review of recent USD to CAD forecasts.

     
    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.

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

    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.

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    Compare Rates

    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 Rate Tracker to track and benefit from currency movements.

     
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    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

    Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

     
     

    Currency Country 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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