CAD to USD Exchange Rate Today
As of today, the mid-market exchange rate for the Canadian Dollar to US Dollar is 1 CAD = — USD. This means one Canadian dollar buys approximately — US dollars on the open currency market.
The table below shows common CAD amounts converted to USD at today's rate:
| CAD Amount | USD Value | Notes |
|---|---|---|
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About the Canadian Dollar (CAD) & US Dollar (USD)
Canadian Dollar (CAD)
The Canadian Dollar is Canada’s official currency and one of the world’s most traded reserve currencies. It is often associated with commodity exposure, especially energy and natural-resource exports, which can influence its value in global markets.
US Dollar (USD)
The US Dollar is the official currency of the United States and the dominant global reserve currency. It is widely used in international trade, central bank reserves, commodity pricing, and cross-border finance.
Historical trend
The CAD to USD exchange rate often moves with oil prices, interest-rate expectations, North American trade conditions, and shifts in global market sentiment. Because both currencies are heavily traded, the pair is usually liquid but still experiences meaningful medium-term swings.
What drives the pair
CAD/USD is influenced by Bank of Canada policy, Federal Reserve decisions, inflation data, employment trends, commodity demand, and broader investor appetite for growth and safe-haven assets.
Step-by-Step
How to Convert CAD to USD
CAD to USD conversion works by multiplying the Canadian Dollar amount by the current CAD to USD exchange rate.
The Method
CAD is the currency code for the Canadian Dollar. USD is the currency code for the US Dollar.
USD = CAD × Exchange Rate
To convert Canadian Dollars into US Dollars, multiply the CAD amount by the current CAD to USD rate shown in the calculator above.
How to Convert CAD into USD — Step by Step
1
Enter the CAD amount
Type the number of Canadian Dollars you want to convert, such as 100.
2
Use the current exchange rate
Multiply the CAD amount by the latest available CAD to USD rate.
3
Read the result in USD
The converter instantly displays the equivalent value in US Dollars (USD).
CAD to USD Historical Exchange Rates
The table below shows yearly average CAD/USD reference rates calculated from available daily exchange-rate data. The most recent year is shown as year-to-date (YTD).
| Year | Avg. Rate (USD per CAD) | Annual Change |
|---|---|---|
| Loading historical rates... | ||
Historical averages are calculated from available daily reference rates.
CAD/USD often reflects oil prices, Bank of Canada and Federal Reserve policy expectations, and the relative strength of the Canadian and US economies.
Factors That Affect the CAD/USD Exchange Rate
Several economic forces influence the Canadian dollar relative to the US dollar:
Oil and commodity prices
Canada is a major commodity exporter, particularly in energy, so changes in oil and resource prices can materially affect the CAD. Rising commodity prices often support the Canadian dollar.
Bank of Canada and Federal Reserve policy
Monetary policy decisions by the Bank of Canada and the US Federal Reserve shape rate differentials, which can move capital flows and influence CAD/USD valuation.
US economic data
US growth, inflation, labor-market data, and Treasury yield movements can strengthen or weaken the USD and directly affect the pair.
North American trade flows
Because Canada and the United States are deeply integrated trading partners, manufacturing demand, export performance, and border trade conditions all help shape CAD/USD direction.
Global risk sentiment
The US dollar can act as a safe-haven currency during market stress, while the Canadian dollar may perform better when global growth and risk appetite improve.
5 Tips for Getting the Best CAD to USD Rate
- 1 Use the mid-market rate as your benchmark. The mid-market rate shown in this converter is a useful baseline. Banks and transfer services usually add a margin on top.
- 2 Compare exchange providers. Providers can offer different rates and fees, and the difference becomes meaningful on larger conversions.
- 3 Check transfer fees separately. A provider may show a good FX rate but recover margin through service fees or card charges.
- 4 Watch central bank news. Bank of Canada and Federal Reserve announcements can move the pair sharply, especially around rate decisions.
- 5 Set alerts for larger conversions. Small exchange-rate improvements can make a noticeable difference on travel, tuition, imports, or business payments.
Frequently Asked Questions — CAD to USD
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Fetching the latest CAD to USD rate...
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The Canadian Dollar is commonly written as C$ to distinguish it from other dollar currencies. Its ISO 4217 code is CAD.
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Exchange rates fluctuate because of shifting supply and demand in global forex markets. Key drivers for CAD/USD include interest-rate expectations, commodity prices, oil markets, US economic data, and broader investor risk sentiment.
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Not usually on a one-to-one basis. In many recent periods, 1 CAD buys less than 1 USD, which means the US dollar is stronger in nominal exchange-rate terms.
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Enter the amount of Canadian Dollars in the top field and the equivalent in US Dollars updates instantly. You can also use the quick buttons for common amounts.
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Use our USD to CAD converter for the reverse direction.