The USD to Canadian dollar currency pair tells traders how many Canadian dollars are needed to buy one US dollar. This currency pair is usually called the Loonie, a reference to the loon on the Canadian $1 coin. There are several factors that tend to influence USD/CAD. In Canada, the Bank Asian stock futures of Canada determines interest rates while the Federal Reserve does the same in the U.S. An interest rate differential can affect relative currency values.

• USD/CAD is one of three commodity pairs that include NZD/USD and AUD/USD.
• Additionally, it’s advisable to convert Canadian Dollars to US Dollars early in the week if you need USD urgently.
• The USD to Canadian dollar currency pair tells traders how many Canadian dollars are needed to buy one US dollar.
• Executing a trade late in the week might result in a delayed settlement until the following week, as forex markets are closed on weekends.
• Our currency rankings show that the most popular Canadian Dollar exchange rate is the CAD to USD rate.
• Learn about the publication of, and calculation methodology for, the foreign exchange (FX) rate data on the Bank of Canada’s website.

Wise is a Money Service Business registered with FinCen. In other states, the program is sponsored by Community Federal Savings Bank, to cryptocurrency broker canada which we’re a service provider. Exchange rates are expressed as 1 unit of the foreign currency converted into Canadian dollars.

• Below, you’ll find Canadian Dollar rates and a currency converter.
• Exchange rates are expressed as 1 unit of the foreign currency converted into Canadian dollars.
• In the majority of cases, this data is sufficient to predict future changes.
• Our smart tech means we’re more efficient – which means you get a great rate.
• View, download data or use our lookup tool for our daily exchange rates.
• We partner with leading data providers to bring you the latest and most accurate prices for all major currencies and precious metals.

CAD to USD Chart

The dollar has been the currency of Canada since 1858. A number of central banks keep Canadian dollars as a reserve currency. It’s known locally as a buck or a loonie, with the two-dollar coin known as a toonie. This chart will allow users to see the USD/CAD oscillation, and look at last year’s data.

Banknotes and coins

For exchange rates data prior to 2017, view our historical noon and closing rates. Get a daily analysis of markets, exchange rates, and news straight in your inbox. A year ago today, on this day, provided the equivalent of $1.00 us dollar for $1.35 canadian dollar, which is $0.071 less than it is now. Over the last 7 days, the best beneficial exchange rate was $1.44. Convert from Canadian dollars based on daily exchange rates.

USD to CAD exchange rate chart

They add hidden markups to their exchange rates – charging you more without your knowledge. We partner with leading data providers to bring you the latest and most accurate prices for all major currencies and precious metals. The table displays the data and analysis of the variations. A year ago today, on this day, provided the equivalent of $1.00 canadian dollars for $0.743 us dollar, which is $0.037 more than it is now. Over the last 7 days, the best beneficial exchange rate was $0.705.

Save when you send money abroad

The Canadian-Dollar Effective Exchange Rate index (CERI) was replaced by the Canadian Effective Exchange Rate index (CEER) as of January 2018. Updated if and when the Bank intervenes in foreign exchange markets. Importance of the Canadian DollarThe Canadian Dollar is the seventh-most traded currency on the Forex market, as many institutions and individuals trade the CAD. People also refer to the CAD as the Loonie, buck, Huard, and Piastre (in French).

Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity. Authors and topics you follow will be added to your personal news feed in Following. Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).

Be on the lookout for any changes; stay up-to-date. The USD and CAD can be traded 24×5, starting from the time markets open on Monday mornings in Sydney until they close on Fridays at 5 PM in New York. Exchange rates can fluctuate by the minute while markets are open. Additionally, it’s advisable to convert US Dollars to Canadian Dollars early in the week if you need CAD urgently. Executing a trade late in the week might result in a delayed settlement until the following week, as forex markets are closed on weekends.

Exchange-rates.org has been a leading provider of currency quotes and precious metal prices for nearly 20 years. Our information is trusted by millions of users across the globe each month . We have been featured in some of the most prestigious financial publications in the world including https://www.forex-world.net/ Business Insider, Investopedia, Washington Post, and CoinDesk.

The Globe’s stars and dogs for the week

In the majority of cases, this data is sufficient to predict future changes. This chart will allow users to see the CAD/USD oscillation, and look at last year’s data. To view rates between the US Dollar and the Canadian Dollar for a particular year, click on one of the links below. Whether you need to make cross-border payments or FX risk management solutions, we’ve got you covered. Schedule international transfers across 130 currencies in 190+ countries.

Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Our smart tech means we’re more efficient – which means you get a great rate. Our exchange rate API offers real-time, accurate, and reliable data for hundreds of currencies. Xe’s proprietary rates are sourced directly from financial data providers and reputable banks.