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.

US Dollar to Canadian Dollar – Exchange Rate Today

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.

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.

Frequently Asked Question about USD to CAD

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The Canadian Dollar is held as a reserve currency by a number of central banks. It is also known as a commodity currency, due to the country’s substantial raw material exports. Analyze rate trends for any currency over a few days, weeks, months, or years. Get an automated currency feed through the Xe Currency Data API.

CAD to USD conversion

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. Additionally, it’s advisable to convert Canadian Dollars to US Dollars early in the week if you need USD urgently. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Wise https://www.forex-reviews.org/ gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. The CEER index is a weighted average of bilateral exchange rates for the Canadian dollar against the currencies of Canada’s major trading partners. View, download data or use our lookup tool for our daily exchange rates.

USD to CAD conversion chart

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.

• Set an alert now, and we’ll tell you when it gets better.
• Our smart tech means we’re more efficient – which means you get a great rate.
• 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.
• Exchange rates can fluctuate by the minute while markets are open.
• Xe’s proprietary rates are sourced directly from financial data providers and reputable banks.
• These rates were last updated in January 2018, and will not be updated in future.

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).

• Get an automated currency feed through the Xe Currency Data API.
• Additionally, it’s advisable to convert US Dollars to Canadian Dollars early in the week if you need CAD urgently.
• The foreign exchange market determines how much the Canadian dollar is worth.
• Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers.
• The USD to CAD exchange rate usually has a negative correlation with the GBP/USD, AUD/USD, and NZD/USD pairs.
• The dollar has been the currency of Canada since 1858.

CAD to USD chart

Wise is a Money Service Business registered with FinCen. In other states, the program is sponsored by Community Federal Savings Bank, to which we’re a service provider. Exchange rates are bitmex review 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. 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.

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 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.