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    Best Send Money to Canada USD/CAD Rates Compared Live

    The best USD to CAD exchange rate is 1.3658. Compare foreign transfer and currency exchange rates, find better rates & deals.

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    Comparing USD-CAD send money exchange rates

    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.

    The above Dollar to Loonie comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest USD-CAD mid-rate (see below) and the possible savings of using another provider.

     
    @bestfxrates : USD/CAD holds steady at 1.3638 in a narrow band. Positive US economic reports reinforce USD, while CAD wavers with sinking oil prices. Top financial institutions forecast a weaker CAD ahead as BoC may slash rates. Key drivers: inflation, oil, and policy moves. #USDCAD #ForexUpdate

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    USD to CAD Market Data

    US dollar (USD) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.

     
    1 USD =
    1.3658We compare provider deals to this wholesale mid-market rate. Read more
    CAD
    +0.1%
    1M
    USD to CAD at 1.3638 is near its 3-month average, having traded in a very stable 2.7% range from 1.3459 to 1.3828
    |
    Sell USD   →   Buy CAD
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    DateUSD/CADChangePeriod
    07 May 2024
    1.3734
    0.7% 2 Week
    21 Feb 2024
    1.3495
    1% 3 Month
    22 May 2023
    1.3504
    0.9% 1 Year
    23 May 2019
    1.3475
    1.2% 5 Year
    24 May 2014
    1.0868
    25.4% 10 Year
    26 May 2004
    1.3679
    0.3% 20 Year
    USD/CAD historic rates & change to 21-May-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$ 1.3658
    $ 5 C$ 6.8290
    $ 10 C$ 13.66
    $ 20 C$ 27.32
    $ 50 C$ 68.29
    $ 100 C$ 136.58
    $ 250 C$ 341.45
    $ 500 C$ 682.90
    $ 1,000 C$ 1,366
    $ 2,000 C$ 2,732
    $ 5,000 C$ 6,829
    $ 10,000 C$ 13,658
    $ 20,000 C$ 27,316
    $ 50,000 C$ 68,290
    $ 100,000 C$ 136,580
    USD CAD
    $ 0.7321 C$ 1
    $ 3.6605 C$ 5
    $ 7.3210 C$ 10
    $ 14.64 C$ 20
    $ 36.61 C$ 50
    $ 73.21 C$ 100
    $ 183.03 C$ 250
    $ 366.05 C$ 500
    $ 732.10 C$ 1,000
    $ 1,464 C$ 2,000
    $ 3,661 C$ 5,000
    $ 7,321 C$ 10,000
    $ 14,642 C$ 20,000
    $ 36,605 C$ 50,000
    $ 73,210 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

     

    Based on recent exchange rate analyst forecasts and currency market updates, the USD to CAD exchange rate is currently near its 3-month average at 1.3638, maintaining a stable range between 1.3459 and 1.3828. The US dollar (USD) is facing uncertainty due to the lack of impactful data releases, potentially leading to a directionless trade for the greenback. Analysts are closely monitoring key economic indicators such as the Consumer Price Index (CPI) data for May and the upcoming Personal Consumption Expenditure data at the end of the month to gauge the likelihood of Fed interest rate cuts.

    Read our full review of recent USD to CAD forecasts.

     

    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.

    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.

    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.

    Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

    Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


     

    Read our Currency guide to Canada - a practical currency and money guide to travel, living and doing business in Canada with the Canadian dollar.

     
     
     

    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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