USD to CAD Exchange Rate Today
As of today, the mid-market exchange rate for the US Dollar to Canadian Dollar is 1 USD = — CAD. This means one US dollar buys approximately — Canadian dollars on the open currency market.
The table below shows common USD amounts converted to CAD at today's rate:
| USD Amount | CAD Value | Notes |
|---|---|---|
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About the US Dollar (USD) & Canadian Dollar (CAD)
US Dollar (USD)
The US Dollar is the official currency of the United States and the world’s leading reserve currency. It plays a central role in global trade, commodity pricing, international finance, and central bank reserves.
Canadian Dollar (CAD)
The Canadian Dollar is Canada’s official currency and one of the most traded currencies globally. It is often influenced by commodity markets, especially energy prices, and by Canada’s close economic ties with the United States.
Historical trend
The USD to CAD exchange rate often moves with oil prices, interest-rate expectations, North American trade flows, and broader shifts in global risk sentiment. The pair is highly liquid but can still show notable medium-term volatility.
What drives the pair
USD/CAD is influenced by Federal Reserve policy, Bank of Canada decisions, inflation trends, employment data, commodity demand, and the relative strength of the US and Canadian economies.
Step-by-Step
How to Convert USD to CAD
USD to CAD conversion works by multiplying the US Dollar amount by the current USD to CAD exchange rate.
The Method
USD is the currency code for the US Dollar. CAD is the currency code for the Canadian Dollar.
CAD = USD × Exchange Rate
To convert US Dollars into Canadian Dollars, multiply the USD amount by the current USD to CAD rate shown in the calculator above.
How to Convert USD into CAD — Step by Step
1
Enter the USD amount
Type the number of US Dollars you want to convert, such as 100.
2
Use the current exchange rate
Multiply the USD amount by the latest available USD to CAD rate.
3
Read the result in CAD
The converter instantly displays the equivalent value in Canadian Dollars (CAD).
USD to CAD Historical Exchange Rates
The table below shows yearly average USD/CAD reference rates calculated from available daily exchange-rate data. The most recent year is shown as year-to-date (YTD).
| Year | Avg. Rate (CAD per USD) | Annual Change |
|---|---|---|
| Loading historical rates... | ||
Historical averages are calculated from available daily reference rates.
USD/CAD often reflects oil prices, Federal Reserve and Bank of Canada policy expectations, and the relative strength of the US and Canadian economies.
Factors That Affect the USD/CAD Exchange Rate
Several economic forces influence the US dollar relative to the Canadian dollar:
Federal Reserve and Bank of Canada policy
Interest-rate decisions by the Federal Reserve and the Bank of Canada influence capital flows, yield differentials, and the overall direction of USD/CAD.
Oil and commodity prices
Canada is a major energy exporter, so oil prices can strongly affect the Canadian dollar. Higher oil prices often support CAD and can push USD/CAD lower.
US economic data
US inflation, employment, GDP growth, and Treasury yield movements can strengthen or weaken the USD and directly affect the pair.
North American trade activity
Because the US and Canada are closely integrated economically, export demand, manufacturing conditions, and cross-border trade activity can all influence USD/CAD.
Global risk sentiment
The US dollar often benefits during periods of market stress due to its safe-haven status, while the Canadian dollar may perform better when global growth and investor confidence improve.
5 Tips for Getting the Best USD to CAD 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. Federal Reserve and Bank of Canada 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, imports, tuition, or business payments.
Frequently Asked Questions — USD to CAD
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Fetching the latest USD to CAD rate...
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The US Dollar is commonly written as $. Its ISO 4217 code is USD. In international contexts, it is sometimes written as US$ to distinguish it from other dollar currencies.
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Exchange rates fluctuate because of shifting supply and demand in global forex markets. Key drivers for USD/CAD include interest-rate expectations, oil prices, US and Canadian economic data, and broader investor risk sentiment.
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In many recent periods, 1 USD buys more than 1 CAD, which means the US dollar is often stronger than the Canadian dollar in nominal exchange-rate terms.
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Enter the amount of US Dollars in the top field and the equivalent in Canadian Dollars updates instantly. You can also use the quick buttons for common amounts.
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Use our CAD to USD converter for the reverse direction.