The Wise USD to CAD rate is 1.3699. This is -0.65% below the mid-rate. Compare Wise currency conversion rates - Reduce FX costs.
The Wise USD to CAD exchange rate is 1.3699. This is -0.65% compared to the latest USD-CAD mid-market rate 1.3788.
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 1.3719 from OFX, -0.5% from the mid-market rate 1.3788. The next best rate is 1.3706 from XE, -0.59% from the mid-rate. Then Wise with 1.3699 is -0.65% from the mid-rate.
The Western Union rate is 1.365 which is -1% from the mid-rate.
Among the banks, the Chase Bank rate is 1.2786 at -7.3%, the Wells Fargo Bank rate is 1.2703 at -7.9%, and the Citibank rate is 1.3337 at -3.3% compared to the mid-rate 1.3788.
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 Wise or platforms that offer rates closer to the mid-market rate.
The Wise Dollar to Loonie comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Wise and other foreign exchange providers against the latest USD-CAD mid-rate (see Market Data below ) and the possible savings of using various providers.
Wise (formerly TransferWise) always aim to convert money at the real mid-market exchange rate. There’s just a small, fair service fee, and it’s all shown up-front, this fee normally works out to be less than 1% of the amount being exchanged.
Exchange guaranteed within 2 business days - Pay via Bank Transfer or VISA/Mastercard debit cards.
Setup Direct Debits to Pay Bills abroad from AUD, CAD, EUR, GBP and USD accounts.
With a Wise Account you receive a unique set of account details with which you can get paid like a local. Together with an account number, you’ll receive a SWIFT, BSB, routing and/or sort code and anything else needed to receive funds in those currencies.
Domestic & International - Share these for someone to pay you in the same currency by local bank transfer.
International Only - Share these for someone to pay you any currency Wise supports by SWIFT transfer.
The Wise debit card are free to set up and use. And there's never any monthly fee and minimum balance to worry about.
You get two free ATM withdrawals worldwide up to a max amount every 30 days, then a charge on additional withdrawals.
Auto-convert any currency - Spend in any currency and the Wise smart tech will auto-convert it with the lowest possible fee.
Unlike practically all other Travel cards you can pay foreign currency into this card via your own personal foreign bank accounts.
Savings on Wise money transfers are substantial relative to banks and traditional money changers, although the amounts saved will of course depend on how much is being transferred.
Wise advertises that its transfers are “up to 8 times cheaper” than those performed by banks, but what does that mean in real currency terms? How many dollars, pounds, francs or pesos are we talking about? Let’s take a look.
When compared with other FX specialists, Wise consistently ranks near the very top for savings on international payments, across a range of currencies and amounts.
Although Wise won’t be the absolute cheapest on every currency route, it will at least show you exactly how much you are being charged in currency terms before you make your decision, which is more than can be said for banks or traditional money changers, who hide all sorts of charges within the exchange rates offered.
The Wise card let's you spend anywhere, with low conversion fees. Buy things online in any currency, or pay for things on holiday. If you don’t have the currency you need in your Wise Account, they’ll auto-convert it with the lowest possible fee.
US dollar (USD) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | USD/CAD | Change | Period |
|---|---|---|---|
18 Apr 2025 | 1.3841 | 0.2% ▼ | 2 Week |
01 Feb 2025 | 1.4543 | 5% ▼ | 3 Month |
02 May 2024 | 1.3667 | 1.1% ▲ | 1 Year |
03 May 2020 | 1.4135 | 2.2% ▼ | 5 Year |
05 May 2015 | 1.2089 | 14.3% ▲ | 10 Year |
07 May 2005 | 1.2407 | 11.4% ▲ | 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 recent forecasts for the USD to CAD exchange rate highlight a complex interplay between U.S. economic developments, Canadian growth trends, and global commodity prices. Analysts note that the U.S. dollar (USD) has demonstrated a degree of firmness despite a surprising contraction in U.S. GDP for the first quarter. This resilience can be attributed to investor optimism surrounding potential tariff concessions from the Trump administration, which is impacting market sentiment. However, caution is advised as the upcoming ISM manufacturing PMI could reveal further deterioration in U.S. factory activity, potentially undermining the dollar’s strength.
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.
Transfer limits: Most banks and money transfer providers have limits on the amount of money you can send in a single transaction. Check with your provider to find out what the limits are and whether you'll need to send multiple transactions to send the amount you need.
Security: Make sure to use a reputable and secure provider when sending money to Canada. Look for a provider that uses encryption to protect your personal and financial information.
Read more at our Canada (CAD) country guide
A comprehensive guide to choosing the best money transfer provider, covering key factors like fees, speed, exchange rates, and customer support, with comparisons of top services such as Wise, OFX, WorldRemit, and XE Money Transfers.
Looking to transfer money internationally? We compare OFX and Wise side by side, covering costs, exchange rates, speed, and features to help you choose the best service for your needs in 2025. Which one is right for you depends largely on how much you’re sending, how often you transfer, and whether you value real-time convenience or personal account management.
If you’re selling online internationally, using an FX specialist can save you thousands. Better exchange rates, lower fees, and protection against currency swings can make a huge difference to your bottom line. Find out why smart online sellers are choosing FX specialists to manage their global payments — and how it could help you scale faster.
Further reading on Wise - 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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