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    OFX USD to CAD Exchange Rates Compared Live

    Our live OFX USD-CAD transfer rate is 1.3898. This is -0.5% below the mid-rate. Compare OFX currency conversion rates - Reduce FX costs.

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    The USD to CAD exchange rate is experiencing notable volatility, with the USD recently hitting a 90-day high of 1.3966. FX analysts highlight mixed US economic data affecting the USD, while the CAD responds to oil price fluctuations. Eyes are on Canada's GDP for potential CAD support. 02-Nov

     
     

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

    The OFX USD to CAD exchange rate is 1.3898. This is -0.5% compared to the mid-market rate 1.3968.

    Exchange rates can vary significantly between different currency exchange providers, so it's important to Compare US dollar (USD) to Canadian dollar (CAD) rates from different sources before making a conversion.

     

    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.

     
    1 USD =
    1.3968We compare provider deals to this wholesale mid-market rate. Read more
    CAD
    +0.2%
    3M
    USD to CAD is at 90-day highs near 1.3966, 2.2% above its 3-month average of 1.3664, having traded in a very stable 4.0% range from 1.3431 to 1.3966
    |
    Sell USD   →   Buy CAD
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    DateUSD/CADChangePeriod
    18 Oct 2024
    1.3813
    1.1% 2 Week
    03 Aug 2024
    1.3876
    0.6% 3 Month
    02 Nov 2023
    1.3748
    1.6% 1 Year
    03 Nov 2019
    1.3144
    6.2% 5 Year
    04 Nov 2014
    1.1382
    22.7% 10 Year
    06 Nov 2004
    1.2019
    16.2% 20 Year
    USD/CAD historic rates & change to 01-Nov-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$ 1.3968
    $ 5 C$ 6.9840
    $ 10 C$ 13.97
    $ 20 C$ 27.94
    $ 50 C$ 69.84
    $ 100 C$ 139.68
    $ 250 C$ 349.20
    $ 500 C$ 698.40
    $ 1,000 C$ 1,397
    $ 2,000 C$ 2,794
    $ 5,000 C$ 6,984
    $ 10,000 C$ 13,968
    $ 20,000 C$ 27,936
    $ 50,000 C$ 69,840
    $ 100,000 C$ 139,680
    USD CAD
    $ 0.7159 C$ 1
    $ 3.5795 C$ 5
    $ 7.1590 C$ 10
    $ 14.32 C$ 20
    $ 35.80 C$ 50
    $ 71.59 C$ 100
    $ 178.98 C$ 250
    $ 357.95 C$ 500
    $ 715.90 C$ 1,000
    $ 1,432 C$ 2,000
    $ 3,580 C$ 5,000
    $ 7,159 C$ 10,000
    $ 14,318 C$ 20,000
    $ 35,795 C$ 50,000
    $ 71,590 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 has seen considerable volatility recently, with forecasts suggesting a complex interplay between economic data and geopolitical factors. As noted by FX analysts, the US dollar (USD) recently reached a 90-day high at 1.3966, significantly above its three-month average of 1.3664. This strength can be attributed in part to mixed economic indicators from the US, such as stronger-than-expected ADP payroll figures, which initially bolstered the USD. However, a surprising slowdown in US GDP growth tempered these gains. The forex market remains cautious with expectations that inflation may cool down, potentially leading to a decline in the USD.

    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.

    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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