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    OFX USD to CAD Exchange Rates Compared Live

    Our OFX USD to CAD transfer rate is 1.4318. This is -0.5% below the mid-rate. Compare OFX currency conversion rates - Reduce FX costs.

    USD-CAD Loading Rates ...
     

     
    #FXupdate: USD/CAD steady at 1.4386, near 3-month avg despite USD index dropping ~6% last month. BoC's recent 25bp cut strengthened CAD, while oil prices (down 6% from 3-month avg) remain key driver. Analysts watching US inflation data & trade policy impact on both currencies

     
     

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

    Our deal OFX USD to CAD exchange rate is 1.4318. This is -0.5% compared to the latest USD-CAD mid-market rate 1.4390. Visit OFX now to receive this rate.

    The standard OFX USD-CAD rate is 1.4038, -2.4% from the mid-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 OFX USD-CAD rates compare between providers?

    Looking at our comparison table the best USD to CAD exchange rate is 1.4318 from OFX, -0.5% from the mid-market rate 1.4390. The next best rate is 1.4304 from XE, -0.6% from the mid-rate. Wise with 1.4296 is -0.65% from the mid-rate.

    The Western Union rate is 1.4246 which is -1% from the mid-rate.

    Among the banks, the Citibank rate is 1.3822 at -3.9%, the Chase Bank rate is 1.3247 at -7.9%, and the Wells Fargo Bank rate is 1.316 at -8.5% 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 like OFX or platforms that offer rates closer to the mid-market rate.

    What are the OFX rates for other currencies?

    The table below shows OFX US dollar (USD) Send Money exchange rates with the percentage of margin being charged from the current market mid-rate :

     
    Currency route Mid market rate OFX Send Money Rate Cost%
    USD - AED3.67273.6543-0.5%*
    USD - AUD1.58031.5724-0.5%*
    USD - BND1.33161.287-3.3%
    USD - CAD1.43901.4318-0.5%*
    USD - CHF0.88490.8805-0.5%*
    USD - CNY7.23876.979-3.6%
    USD - CZK23.0022.89-0.48%*
    USD - DKK6.85846.8241-0.5%*
    USD - EUR0.91600.9114-0.5%*
    USD - FJD2.29212.1747-5.1%
    USD - GBP0.77270.7688-0.5%*
    USD - HKD7.77517.7362-0.5%*
    USD - HUF367.03365.19-0.5%*
    USD - IDR16,32815608-
    USD - ILS3.64673.6285-0.5%*
    USD - INR86.9583.2922-4.2%
    USD - JPY148.65147.91-0.5%*
    USD - KRW1,451.10.988-
    USD - KWD0.30700.3055-0.49%*
    USD - LKR295.70285.6868-3.4%
    USD - MAD9.65549.3167-3.5%
    USD - MGA4,651.93.86-
    USD - MXN19.9319.83-0.5%*
    USD - MYR4.44654.4243-0.5%*
    USD - NOK10.7610.71-0.46%*
    USD - NZD1.73841.7297-0.5%*
    USD - OMR0.38500.3727-3.2%
    USD - PEN3.65973.5247-3.7%
    USD - PGK4.10073.9692-3.2%
    USD - PHP57.3257.03-0.51%*
    USD - PKR279.46270.9867-3%
    USD - PLN3.83753.8183-0.5%*
    USD - SAR3.75163.6151-3.6%
    USD - SBD8.41117.4941-10.9%
    USD - SCR14.3313.2081-7.8%
    USD - SEK10.1310.08-0.49%*
    USD - SGD1.33751.3308-0.5%*
    USD - THB33.5133.34-0.51%*
    USD - TOP2.40782.2006-8.6%
    USD - TRY36.6336.45-0.49%*
    USD - TWD32.9431.4174-4.6%
    USD - VND25,51324005.3543-
    USD - VUV118.72112.0255-5.6%
    USD - WST2.80002.489-11.1%
    USD - XOF600.89580.1389-3.5%
    USD - XPF109.31105.61-3.4%
    USD - ZAR18.2018.11-0.49%*
    OFX Send Money Exchange Rates
      

    * BER discount rate that we have negotiated with OFX. To obtain these special rates, click through to OFX from our above exchange rate comparison tool.

     

    Compare Rates

     

    The OFX Dollar to Loonie comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by OFX and other foreign exchange providers against the latest USD-CAD mid-rate (see Market Data below ) and the possible savings of using various providers. 

     
     

    OFX at a glance:

    OFX has a 20-year history and is one of the largest foreign exchange specialists in the world. It offers a complete foreign exchange solution, including discounted money transfers, currency hedging tools, recurring transfers, a multi-currency account for online sellers and much more.

    OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was over 20 years ago, and since then over 1 million customers have trusted OFX with transfers in 50+ currencies to over 170 countries.

    OFX don’t just offer great rates, they believe real help from real people counts. That’s why their clients get the best of both worlds – a seamless digital platform, combined with 24/7 phone access to currency experts.

    When it comes to moving money, peace of mind is important. OFX is monitored by over 50 regulators globally and work within a network of carefully selected banking partners. So whether you are sending money to friends and family abroad, or doing business across borders, OFX can get your money where it needs to go. Fast, simple, secure.

    Learn more about OFX

    Using OFX for money transfers offers the benefit of lower fees and competitive exchange rates compared to traditional banks, making international transactions more cost-effective.

    Additionally, OFX provides 24/7 customer support, a range of transfer options including spot and forward contracts, and a user-friendly online platform, enhancing convenience and flexibility for global financial transactions.

    What Savings Can I Expect with OFX?

    OFX offers exchange rates that beat the banks, and are close or equal to the rates offered by the industry’s lowest-cost services.

    When you register via our OFX 0.5% exclusive offer for BER users the cost of sending, for example, 5,000 US dollars to Australia equates to 0.5 percent of the transferred amount, or roughly US$25. You’d pay the same 0.5 percent for the same amount to be sent to Europe and around 1 percent if sending to India. This compares with 4–7 percent with the banks.

    For other currency routes we looked at (routes involving AUD, INR, GBP, EUR, SGD and USD), the average cost of an international payment with OFX was 0.6 percent of the transferred amount. This is exceptional if compared with banks but can be a little more expensive than what is charged by the industry’s lowest-cost services, although such services do not offer the same benefits and customer service as OFX.

     
     

    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 =
    1.4390We compare provider deals to this wholesale mid-market rate. Read more
    CAD
    -0.4% since yesterday
    USD to CAD at 1.4386 is near its 3-month average, having traded in a very stable 3.7% range from 1.4172 to 1.4703
    |
    Tracker

    Manage Tracker   


    DateUSD/CADChangePeriod
    28 Feb 2025
    1.4465
    0.2% 2 Week
    14 Dec 2024
    1.4239
    1.3% 3 Month
    14 Mar 2024
    1.3537
    6.6% 1 Year
    15 Mar 2020
    1.3788
    4.7% 5 Year
    17 Mar 2015
    1.2789
    12.8% 10 Year
    19 Mar 2005
    1.2047
    19.8% 20 Year
    USD/CAD historic rates & change to 14-Mar-2025
     

    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$ 1.4390
    $ 5 C$ 7.1950
    $ 10 C$ 14.39
    $ 20 C$ 28.78
    $ 50 C$ 71.95
    $ 100 C$ 143.90
    $ 250 C$ 359.75
    $ 500 C$ 719.50
    $ 1,000 C$ 1,439
    $ 2,000 C$ 2,878
    $ 5,000 C$ 7,195
    $ 10,000 C$ 14,390
    $ 20,000 C$ 28,780
    $ 50,000 C$ 71,950
    $ 100,000 C$ 143,900
    USD CAD
    $ 0.6950 C$ 1
    $ 3.4750 C$ 5
    $ 6.9500 C$ 10
    $ 13.90 C$ 20
    $ 34.75 C$ 50
    $ 69.50 C$ 100
    $ 173.75 C$ 250
    $ 347.50 C$ 500
    $ 695.00 C$ 1,000
    $ 1,390 C$ 2,000
    $ 3,475 C$ 5,000
    $ 6,950 C$ 10,000
    $ 13,900 C$ 20,000
    $ 34,750 C$ 50,000
    $ 69,500 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 to CAD exchange rate remains closely tied to a mix of monetary policy decisions, inflation trends, and commodity prices, particularly oil. As of the latest analysis, the USD is trading at approximately 1.4386 CAD, which is near its three-month average. The currency pair has exhibited stability, maintaining a narrow trading range of 3.7% from 1.4172 to 1.4703 over the same period.

    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 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.

    Multi-Vendor Quote

    We can help you get an even better deal when sending a Large International Money Transfer.

    Click below for the Request Quotes form and enter your transfer details (BER account required).

    Request Quotes

    Save time and money - fewer websites to visit and you get a much better exchange rate & service.

    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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