USD to CAD — Convert US Dollars
to Canadian Dollars at Today’s Rate
Live dollar to Canadian dollar exchange rate with converter, chart, and conversion tables. Save up to 4% vs your bank on large USD to CAD transfers.
USD
CAD
Mid-market rate shown for reference. Transfer rates include a margin.
Dollar to Canadian Dollar Exchange Rate History
US Dollars to Canadian Dollars — Conversion Table
Convert common USD amounts to CAD at today’s live mid-market rate. For amounts over $5,000, get a transfer quote — our rates beat the banks.
Dollars to Canadian Dollars
| USD | CAD |
|---|---|
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Canadian Dollars to USD
| CAD | USD |
|---|---|
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What Affects the USD to CAD Exchange Rate?
The USD/CAD rate reflects the relative strength of the US and Canadian economies. Interest rate decisions, oil prices, and economic data all play a role in determining how many Canadian dollars you get for your US dollars.
Federal Reserve vs Bank of Canada Policy
Interest rate differentials between the Fed and BoC are primary drivers. Higher US rates typically strengthen the USD against CAD.
Oil Prices (WTI Crude)
Canada is a major oil exporter. Rising oil prices typically strengthen the Canadian dollar, meaning fewer CAD per USD.
US Economic Data
Non-farm payrolls, GDP, and CPI releases move the dollar sharply. Strong US data strengthens USD against CAD.
Canada-US Trade Relations
Trade agreements, tariffs, and cross-border economic integration significantly impact USD/CAD volatility.
How to Convert US Dollars to Canadian Dollars
Converting USD to CAD through Cambridge Currencies is straightforward. Use the converter above for a live mid-market rate, then get a transfer quote for a real rate that beats your bank.
Get a Quote
Tell us how many dollars you need to convert to Canadian dollars and when you need to send. We’ll provide a live transfer rate — no obligation.
Set Up Your Account
Quick online registration with ID verification. Most accounts are ready within minutes.
Send Your Dollars
Transfer your USD to our safeguarded client account. We convert at the agreed USD to CAD rate.
Canadian Dollars Delivered
We send your Canadian dollars directly to the recipient’s Canadian bank account. Most USD to CAD transfers arrive within 1–2 working days.
Converting Large Amounts of US Dollars to Canadian Dollars
For transfers of $25,000 or more, the exchange rate margin makes a significant difference. Here’s how much you could save by using Cambridge Currencies instead of a high-street bank.
| Amount | Bank Rate (est. 2% margin) | CC Rate (est. 0.4% margin) | You Save |
|---|---|---|---|
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Figures are illustrative based on typical margins. Your actual rate depends on the amount, currency pair, and market conditions. Get a personalised quote to see your exact rate.
Ready to Convert USD to CAD?
Get a personalised US dollar to Canadian dollar quote. We offer better exchange rates than banks with no transfer fees and dedicated support for large transfers.
About the US Dollar and Canadian Dollar
USD — United States Dollar
The US dollar (USD) is the world’s primary reserve currency and the most traded currency globally. It uses the symbol $ and is subdivided into 100 cents. The dollar is managed by the Federal Reserve and underpins global commodities pricing, including oil and gold.
Learn more about USD → CAD — Canadian Dollar
The Canadian dollar (CAD) is the official currency of Canada and is the fifth most held reserve currency in the world. It uses the symbol $ or C$ to distinguish it from other dollar currencies, and is subdivided into 100 cents. The Canadian dollar is heavily influenced by commodity prices, particularly oil.
Learn more about CAD →USD to CAD Exchange Rate — FAQs
What is the USD to CAD exchange rate today?
The current live US dollar to Canadian dollar mid-market rate is displayed at the top of this page. It updates throughout the trading day using ECB reference data. For a transfer rate, request a personalised quote.
How do I convert US dollars to Canadian dollars?
Enter any dollar amount in the converter above to see the Canadian dollar equivalent at today’s rate. For an actual transfer, Cambridge Currencies provides a live quote with rates that beat most banks by 2–4%.
How much is 1 USD in CAD?
1 USD currently equals the amount shown in the live rate display at the top of this page. The USD to CAD rate changes throughout the day based on Fed and BoC policy, oil prices, and market sentiment.
How much is 250,000 USD in Canadian dollars?
Use the converter above to calculate the exact amount. On a transfer this large, the exchange rate margin matters significantly — a 1% difference equals C$2,500+. Speak to our team for a preferential rate on large USD to CAD transfers.
How long does a USD to CAD transfer take?
Most US dollar to Canadian dollar transfers are sent via SWIFT and arrive within 1–2 working days. For property purchases or time-critical payments, we recommend allowing 2–3 working days to account for compliance checks.
Can I lock in a USD to CAD rate for a future transfer?
Yes. A forward contract lets you fix today’s USD/CAD rate for a transfer up to 12 months ahead. This is particularly useful for Canadian property purchases funded from the US, tuition payments, or planned large transfers.
Is it cheaper to convert USD to CAD with a broker or a bank?
A specialist currency broker like Cambridge Currencies is almost always cheaper than a bank for USD to CAD conversions over $5,000. We work on tighter margins, charge no transfer fees, and offer tools like forward contracts that most banks don’t provide to personal customers.
What is the best way to send US dollars to a Canadian bank account?
The most cost-effective way is through a specialist currency broker. We convert your USD to CAD at a competitive rate, then deliver Canadian dollars directly to the Canadian bank account via EFT — often arriving the same day the conversion completes.