The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
USD to CAD Market Data
US dollar (USD) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.
USD/EUR Outlook:
The USD/EUR rate is currently below its recent average and near recent lows, suggesting a slightly weaker but likely to move sideways outlook.
USD/JPY Outlook:
The USD/JPY exchange rate is slightly weaker, but likely to move sideways as it trades below its recent average and is near recent lows.
Bearish USD/CAD outlook as the pair trades near recent lows, influenced by weak oil prices affecting CAD. Fed's stance may boost USD, while BoC's rate cuts weaken loonie. Expect range-bound movement with lower extremes likely to be tested. #FX #USD #CAD
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USD to CAD Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much US dollar are worth in Canadian dollar across a range of amounts.
This gives a quick view of what you’d get when converting different USD amounts at today’s rate * :
What is the
best Send Money conversion rate for USD to CAD?
The best USD to CAD exchange rate is 1.3625 from OFX . This is -0.5% compared to the mid-market rate 1.3693.
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.
The above
Dollar to Loonie comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest USD-CAD mid-rate and the possible savings of using various providers.
How do USD-CAD rates compare between providers?
Looking at the full
USD to CAD - Send Money comparison table the provider with the best USD to CAD exchange rate is OFX at 1.3625, -0.5% from the latest mid-market rate 1.3693.
The next best is XE at 1.3611, -0.6% 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
or platforms that offer rates closer to the mid-market rate.