The Canadian dollar weakened against the greenback on Monday, and the yield on benchmark government debt climbed. Join millions from across the globe who trust Remitly to send money home. Choose what works for you from a growing network of banks and cash pickup locations. Send money home with security designed to keep your transfers protected. The Bank of Canada influences the CAD through monetary policies, including interest rate adjustments.
Conversion Rates Canadian Dollar/US Dollar
Select market data provided by ICE Data services. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc. The market data on this page is currently delayed. Please bear with us as we address this and restore your personalized lists. The dollar has been the currency of Canada since 1858.
Dynamics of the cost changes of 1 Canadian Dollar (CAD) in United States Dollars (USD)
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. See how much you can get when you convert your Canadian or foreign currency. You can convert up to CAD 25,000 with this tool. Rest easy knowing your transfers will be delivered on time, or we’ll refund your fees. Promotional FX rate applies to first 1,500.00 USD sent.
Wise Products
With the currency converter, you can convert 1 Canadian Dollar to United States Dollars and find out how much one canadian Dollar is currently worth in Dollars. Also, you can make a reverse calculation and find out the current value of 1 United States Dollar in Canadian Dollars. Save money when you send, spend and get paid in over 40+ currencies. All you need, in one account, whenever you need it. 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).
The Bank and you
Meta Exchange offers competitive rates with low transaction fees. The Canadian dollar is considered a “commodity currency” due to its strong correlation with oil and other natural resources. For example, a $10 per barrel increase in oil prices can lead to a 1-2% appreciation of the CAD, according to Bank of Canada data. All market data (will open in new tab) is provided by Barchart Solutions.
- Our user-friendly platform allows you to track rates, set alerts, and access the latest market data, ensuring you stay informed at all times.
- They add hidden markups to their exchange rates – charging you more without your knowledge.
- See how much you can get when you convert your Canadian or foreign currency.
- Wise never hides fees in the exchange rate.
- It’s known locally as a buck or a loonie, with the two-dollar coin known as a toonie.
Wise never hides fees in the exchange rate. Compare our rate and fee with our competitors and see the difference for yourself. We partner with leading data providers to bring you the latest and most accurate prices for all major currencies and precious metals. You’ll now see the value of the converted currency according to the most recent exchange rate. The U.S. dollar is the currency most used in international transactions. Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity.
And with our daily summaries, you’ll never miss out on the latest news. The value of the Canadian dollar (CAD) plays a significant role in the global economy, influencing everything from international trade to travel costs and investment decisions. With its strong ties to natural resources, especially oil, the CAD is sensitive to global economic shifts, interest rates, and geopolitical events. Whether you’re a business owner, traveler, or investor, understanding the current exchange rate and the factors affecting it is crucial for making informed decisions. In this article, we delve into the current price of the Canadian dollar, the key factors that influence its value, and the best strategies to stay updated on its fluctuations. Our interactive USD to CAD chart use real-time mid-market exchange rates and allow you to view historical data up to the last 5 years.
The Canadian dollar’s value is a dynamic metric influenced by a mix of domestic and global factors. For anyone dealing with currency exchanges or international transactions, staying informed is key. Visit Meta Exchange for live rates and competitive services to manage your currency needs efficiently.
- Choose what works for you from a growing network of banks and cash pickup locations.
- Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate.
- Select market data provided by ICE Data services.
- For exchange rates data prior to 2017, view our historical noon and closing rates.
For the most accurate and up-to-date rate, platforms like 7 tips for beginner traders Meta Exchange provide live updates. The Canadian dollar (CAD) is influenced by factors like oil prices, interest rates, economic data, and global events. Its value impacts various sectors, including tourism, trade, and investments. Over the past decade, the CAD has experienced notable fluctuations, closely tied to Canada’s resource-based economy.
View, download data or use our lookup tool for our daily exchange rates. For exchange rates data prior to 2017, view our historical noon and closing rates. Many leading competitors have a dirty little secret. They add hidden markups to their exchange rates – charging you more without your knowledge. And if they have a fee, they charge you twice. The cost of 1 Canadian Dollar in United States Dollars today is $0.73 according to the “Open Exchange Rates”, compared to yesterday, the exchange rate decreased by -0.12% (by -$0.0008).
For instance, during a trip to Europe last year, I saved over $200 by monitoring exchange rates and converting currency at a peak rate. The CAD and USD 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 Canadian Dollars to US Dollars early in the week if you need USD 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. The exchange rate for the Canadian dollar today is determined by various market factors, including global demand, economic reports, and central bank policies.
To view rates between the Canadian Dollar and the US Dollar for a particular year, click on one of the links below.
