Canadian Dollars to US Dollars: Your Complete Guide

Canadian dollars to US dollars is a common exchange you'll encounter when traveling or doing business across the border. The exchange rate can fluctuate, but it's essential to understand how it works.

The exchange rate is determined by supply and demand in the foreign exchange market, with the Canadian dollar trading against the US dollar. This rate can change constantly.

If you're planning to exchange Canadian dollars for US dollars, you can do so at a bank, currency exchange office, or online. Be aware that exchange rates may vary between these options.

The Canadian dollar is divided into 100 cents, just like the US dollar. This can make conversions easier, but it's still important to understand the exchange rate.

Consider reading: Where Can I Exchange Us Dollars for Canadian Dollars

The Canadian dollar is a widely traded currency, and understanding its conversion to US dollars is essential for travelers, businesses, and individuals alike. The exchange rate between CAD and USD can fluctuate, but as of now, 1 Canadian dollar is equivalent to approximately 0.6921 US dollars.

If you're planning a trip to the United States, it's good to know that 5 Canadian dollars can get you about 3.46 US dollars. This can help you budget and plan your expenses accordingly.

The conversion rate is not a one-way street, though. The exchange rate also works in reverse, meaning you can convert US dollars to Canadian dollars. For instance, 1 US dollar is equivalent to approximately 1.4449 Canadian dollars.

To give you a better idea of the conversion rates, here are some examples:

Keep in mind that these rates are subject to change, so it's always a good idea to check the current exchange rate before making any transactions.

When comparing exchange rates for Canadian dollars to USD, it's essential to look beyond the surface level.

Leading competitors in the money transfer market often hide fees in their exchange rates, charging customers more without their knowledge.

According to the data, in the last 30 days, the CAD to USD exchange rate reached a high of $0.71309 USD and a low of $0.69221 USD, with an average rate of $0.69940 USD.

The overall change in this period was -2.58%. Over the last 90 days, the CAD to USD exchange rate peaked at $0.73410 USD and dipped to a low of $0.69221 USD, averaging $0.71229 USD. The total change for this period was -5.70%.

Here's a summary of the exchange rate fluctuations:

When comparing international money transfer prices, it's essential to know that some competitors have a dirty little secret: they add hidden markups to their exchange rates. This means you're charged more without your knowledge.

Leading money transfer services often charge fees, and if they do, they charge you twice - once as a fee and again as a markup in the exchange rate. Wise, on the other hand, never hides fees in the exchange rate, giving you the real rate.

For example, as of January 5, 2025, 100 Canadian Dollars is equivalent to 69.211 US Dollars, with an exchange rate of 0.6921 US Dollars per Canadian Dollar. This rate is transparent and doesn't have any hidden markups.

In fact, the Canadian Dollar has decreased -0.51% year-to-date against the US Dollar, and over the past 10 years, it has declined -4.11% against the US Dollar. This means the Canadian Dollar has lost purchasing power compared to the US Dollar over the last decade.

Here's a comparison of the exchange rates for 100 Canadian Dollars over the past 30 and 90 days:

As you can see, the exchange rate has fluctuated significantly over the past 90 days, with a total change of -5.70%. It's essential to keep an eye on these fluctuations when making international money transfers.

If you're looking to convert Canadian dollars to US dollars, you can use a currency converter like the one provided in the article. Simply type in the amount you want to convert, select CAD as the currency you want to convert from and USD as the currency you want to convert to, and the converter will show you the current rate and how it's changed over the past day, week, or month.

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In the world of currency, the US Dollar is currently stronger than the Canadian Dollar, as 1 USD is equal to 1.4449 CAD. This means you can get almost 1.5 Canadian Dollars for just one US Dollar.

The US Dollar's strength is evident in its value against the Canadian Dollar, where 1 CAD is worth only 0.6921 USD.

On a similar theme: Cad Dollar to Colombian Peso

The Canadian Dollar is a stable and reliable currency, administered by the Bank of Canada, established in 1858.

The CAD is a cornerstone of Canada's economic framework, facilitating international trade and investments. It's a widely recognized currency, making it easy to convert to other currencies.

The symbol for the Canadian Dollar is CA$, and its ISO Code is CAD. This makes it easy to identify and work with in financial transactions.

You can convert CAD to USD using live currency rates, which are updated in real-time. As of 05/01/2025 19:58, 1 Canadian Dollar is equal to 0.692 US Dollar.

Additional reading: What Is Cad Dollars

The Bank of Canada is responsible for managing the Canadian Dollar, ensuring its stability and reliability. This has contributed to its widespread use and acceptance.

To convert Canadian Dollars to US Dollars, you can use a live currency converter or a handy conversion table. This will give you the most up-to-date exchange rate.

The Canadian Dollar has a long history, dating back to 1858, when it supplanted numerous colonial currencies. This has made it an integral part of Canada's economic system.

For your interest: Does Canada Have Their Own Currency