The live mid-rate USD to CAD exchange rate is 1.3887. Compare Bank of Montreal currency conversion rates - Reduce FX costs.
The best USD to CAD exchange rate is our partner deal rate of 1.3818 from OFX . This is -0.5% compared to the mid-market rate 1.3887.
The standard OFX USD-CAD rate is 1.3542, -2.5% 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.
Looking at our comparison table the best USD to CAD exchange rate is 1.3818 from OFX, -0.5% from the mid-market rate 1.3887. The next best rate is 1.3803 from XE, -0.6% from the mid-rate. Then Wise with 1.3796 is -0.66% from the mid-rate.
The Western Union rate is 1.3748 which is -1% from the mid-rate.
Among the banks, the Chase Bank rate is 1.2778 at -8%, the Wells Fargo Bank rate is 1.2695 at -8.6%, and the Citibank rate is 1.3334 at -4% compared to the mid-rate 1.3887.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Bank of Montreal 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.
The Bank of Montreal Dollar to Loonie comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Bank of Montreal and other foreign exchange providers against the latest USD-CAD mid-rate (see Market Data below ) and the possible savings of using various providers.
US dollar (USD) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | USD/CAD | Change | Period |
|---|---|---|---|
11 Apr 2025 | 1.3864 | 0.1% ▲ | 2 Week |
25 Jan 2025 | 1.4347 | 3.3% ▼ | 3 Month |
25 Apr 2024 | 1.3660 | 1.5% ▲ | 1 Year |
26 Apr 2020 | 1.4110 | 1.7% ▼ | 5 Year |
28 Apr 2015 | 1.2053 | 15.1% ▲ | 10 Year |
30 Apr 2005 | 1.2545 | 10.6% ▲ | 20 Year |
Here are some popular conversion amounts for USD to CAD (US dollar to Canadian dollar)*.
*Converted at the current USDCAD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The USD to CAD exchange rate has recently been influenced by a combination of trade tensions, oil price fluctuations, and broader economic indicators. Analysts note that the US dollar (USD) briefly strengthened as hopes emerged for de-escalation in the US-China trade war, but this rally was tempered by mixed market reactions. The USD is heavily influenced by recent tariff announcements from President Trump, which aim to address trade imbalances, particularly with significant partners like China and the European Union. A stronger USD usually benefits from a risk-off environment, yet discussions in the markets suggest a growing belief that the current administration may intentionally weaken the dollar to bolster domestic interests.
Read our full review of recent USD to CAD forecasts.
There are several ways to save on exchange rates when converting US dollar to Canadian dollar:
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 in Canada plus living and doing business 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.
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.
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
| United States (USD) | Canada (CAD) |
Here are a few things to consider when sending money to Canada:
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.
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.
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
News2025-03-19
The global currency landscape is experiencing notable shifts as the euro strengthens against major currencies, influenced by economic policies, geopolitical events, and fluctuating oil prices.
Economists are predicting that the Canadian dollar could rise this year.
Further reading on the Canadian dollar (CAD) - Guides, Reviews & News from our research team.
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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