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 expressed as 1 unit of Direct listing vs ipo the foreign currency converted into Canadian dollars.

CAD to USD conversion chart

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).

Waiting on a better rate?

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).

When is the best time to convert CAD to USD?

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.

Central Bank Rates

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.

Banks and traditional providers often have extra costs, which they pass to you by https://www.forex-world.net/ 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.

• We have been featured in some of the most prestigious financial publications in the world including Business Insider, Investopedia, Washington Post, and CoinDesk.
• For exchange delays and terms of use, please read disclaimer (will open in new tab).
• Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate.
• Which foreign currency exchange has the best exchange rate in Montreal?
• People also refer to the CAD as the Loonie, buck, Huard, and Piastre (in French).

Historical Chart 1 USD/CAD

• Convert from Canadian dollars based on daily exchange rates.
• 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.
• Get an automated currency feed through the Xe Currency Data API.
• Additionally, it’s advisable to convert Canadian Dollars to US Dollars early in the week if you need USD urgently.
• Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers.
• Learn about the publication of, and calculation methodology for, the foreign exchange (FX) rate data on the Bank of Canada’s website.

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.

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 coinsmart review currencies in 190+ countries.