Rate direction
US dollar to Canadian dollar · USD/CAD trend
Review the recent market direction, current mid-market rate and significant movement alerts.
90-day market context
USD to CAD at 1.4087 is 1.0% above its 3-month average of 1.3947, having traded in a quite stable 4.8% range from 1.3582 to 1.4233
Quick USD/CAD forecast
Currency Forecasts related to USD/CAD
USD to CAD Exchange Rate Forecast & Outlook
Currently, USD/CAD is trading close to 7-day highs near 1.4109 and above its 3-month average of 1.3939. Risk sentiment remains negative as safe-haven flows support the US Dollar amid geopolitical tensions and...
USD to CAD Conversion: What Is Your Money Worth?
View common conversion amounts at today’s mid-market rate
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 * :
*Converted at the current USD-CAD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
What is the
best Send Money conversion rate for USD to CAD?
The best USD to CAD exchange rate is 1.4007 from OFX . This is -0.5% compared to the mid-market rate 1.4078.
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 1.4007, -0.5% from the latest mid-market rate 1.4078.
The next best is XE at 1.3993, -0.6% from the mid-rate.
Then Wise at 1.3926, which is -1.1% from the mid-rate.
The Western Union rate is 1.3866 which is -1.5% from the mid-rate.
Among the banks the Chase Bank rate is 1.285 at -8.7% the Wells Fargo Bank rate is 1.2807 at -9% and the Citibank rate is 1.3455 at -4.4% compared to the mid-rate 1.4078.
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.