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.
USD/CAD Outlook: Bearish, as the rate is below its recent average and near recent lows, primarily due to heightened uncertainty around US fiscal policy.
USD/EUR Outlook: Bearish, as the USD is significantly below its recent average and near its recent lows, driven by ongoing uncertainties in US fiscal and monetary policies.
USD/CAD Outlook: Bearish as rates near 90-day lows. Key drivers: Fed rate cuts & rising US deficits soften USD; BoC stability & high oil prices support CAD; a trade deal with China boosts Canadian exports. Range: Expected to drift as CAD gains traction. Upside risk: Strong US data may help USD; downside: geopolitical tensions could weigh on USD
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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 1.3448 from OFX . This is -0.5% compared to the mid-market rate 1.3516.
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 1.3448, -0.5% from the latest mid-market rate 1.3516.
The next best is XE at 1.3435, -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.