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US Dollar to Canadian Dollar Exchange Rate
Mid-market USD/CAD rate — the fairest rate, before provider markups.
1.37616CAD
1 USD = 1.37616 CAD
1 CAD = 0.72666 USD
Source: median of multiple independent feeds. For indicative purposes only.
USD to CAD Conversion Table
100 USD
137.62 CAD
500 USD
688.08 CAD
1,000 USD
1,376.16 CAD
5,000 USD
6,880.8 CAD
10,000 USD
13,761.61 CAD
25,000 USD
34,404.02 CAD
50,000 USD
68,808.04 CAD
100,000 USD
137,616.09 CAD
Based on mid-market rate. Actual provider rates will differ — compare below.
Understanding the USD/CAD Exchange Rate
USD/CAD (known as the 'Loonie pair' in forex markets) is the most important cross-border currency for North America, reflecting the deep trade ties between the US and Canada. The pair is heavily influenced by oil prices (Canada is a major oil exporter), Bank of Canada decisions, US tariff policy, and broader risk sentiment. For US residents sending money to Canada, competition among providers keeps costs low.
Key things to know
- Oil price movements can shift USD/CAD by 0.5–1% on a single day — watch crude if timing matters
- Interac e-Transfer makes receiving funds in Canada fast and convenient
- ACH funding from the US is cheapest; same-day wire is available for urgent transfers
- Bank of Canada and Fed rate decisions are the primary medium-term drivers
Tip
USD/CAD is very sensitive to oil prices and US trade policy announcements. If you have flexibility on timing, checking rates around major economic data releases can yield better rates.
USD/CAD Rate History
Track how provider rates have changed over time. See which providers consistently offer the best USD to CAD rates.
How we calculate the USD/CAD mid-market rate
The mid-market rate is the midpoint between the buy and sell prices on global currency markets — it's the fairest exchange rate available. We aggregate data from 4 independent sources and take the median value, which eliminates outliers and provides a more reliable rate than any single source.
When a money transfer provider quotes you a rate, compare it against the mid-market rate shown on this page. The difference is the provider's markup — their profit on the currency conversion. On the USD/CAD pair, the best providers typically mark up by 0.2–0.8%, while banks can mark up by 2–5%.
Related Exchange Rates
Frequently asked questions about USD to CAD
What is the mid-market USD/CAD exchange rate today?
The mid-market rate for USD to CAD today is 1.37616, meaning 1 US Dollar buys 1.37616 Canadian Dollar. The inverse rate is 1 CAD = 0.72666 USD. This is the interbank reference rate — money transfer providers apply a markup above this, so the rate you receive will be slightly lower.
What moves the USD/CAD exchange rate?
Oil price movements can shift USD/CAD by 0.5–1% on a single day — watch crude if timing matters. Interac e-Transfer makes receiving funds in Canada fast and convenient. USD/CAD (known as the 'Loonie pair' in forex markets) is the most important cross-border currency for North America, reflecting the deep trade ties between the US and Canada.
Which provider offers the best US Dollar to Canadian Dollar rate?
The best USD to CAD provider varies day to day. Specialist providers like Wise, Revolut, and OFX consistently beat banks on rate — compare above before every transfer. USD/CAD is very sensitive to oil prices and US trade policy announcements. If you have flexibility on timing, checking rates around major economic data releases can yield better rates.
How much does it cost to convert US Dollar to Canadian Dollar?
The total cost of a USD to CAD transfer has two parts: the exchange rate markup (the gap between the mid-market rate and the provider's rate) and any flat fee. The best specialist providers on this corridor typically charge a markup of 0.2–0.8% plus a small flat fee, while banks can add 2–5% in markup. The table above shows you exactly how much CAD your recipient would receive from each provider on a 1,000 USD transfer.