USD to CAD Converter
US Dollar to Canadian Dollar
US Dollar to Canadian Dollar (USD/CAD)
This page converts the US Dollar (USD) used in the United States into the Canadian Dollar (CAD) used in Canada. The current rate loads in your browser; type any amount into the converter above to see its value.
What moves the USD/CAD rate
The US Dollar is mainly influenced by US Federal Reserve interest rate decisions, US inflation and jobs data, and the dollar's role as the main global reserve and trade currency. The Canadian Dollar is mainly influenced by Bank of Canada policy and the prices of oil and other commodities Canada exports. When these forces push the two currencies in different directions, the USD/CAD rate moves; when they move together, the rate tends to stay steadier.
How this rate is calculated
Rates are fetched from Frankfurter, which publishes the European Central Bank's daily reference rates (updated once per working day), and from ExchangeRate-API for currencies the ECB does not cover. All rates are stored against the euro, so the USD/CAD figure is a cross rate: the euro value of CAD divided by the euro value of USD. These are indicative mid-market reference rates and may differ from the rates offered by banks, card issuers and payment providers.
Frequently asked questions
How do I convert USD to CAD?
Enter an amount in US Dollar and the converter multiplies it by the latest daily USD/CAD reference rate to show the value in Canadian Dollar. To go the other way, CAD to USD, divide by the same rate or use the swap button.
Where does the USD to CAD rate come from?
Rates come from Frankfurter, which republishes daily European Central Bank reference rates, with ExchangeRate-API filling in currencies the ECB does not publish. They are cached in your browser for up to an hour.
Is this the USD to CAD rate my bank will give me?
No. These are mid-market, indicative rates. Banks, card providers and transfer services usually add a margin or fee, so the Canadian Dollar you actually receive is typically a little lower.