USD to CAD Exchange Rate Today
US Dollar to Canadian Dollar exchange rates for cross-border workers, property buyers, and businesses. The USD/CAD pair moves with oil prices and trade—get 30-minute rate updates for your North American currency needs.
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Frequently Asked Questions
What is the USD to CAD exchange rate today?
The US Dollar to Canadian Dollar exchange rate typically ranges from 1.25-1.40 CAD per 1 USD. As North American neighbors with significant cross-border trade, USD/CAD is one of the world's most traded currency pairs. Check our live converter above for today's current USD to CAD rate updated every 30 minutes.
Why is the Canadian Dollar weaker than the US Dollar?
CAD is often weaker than USD due to several factors: Canada's smaller economy, heavy reliance on commodity exports (especially oil - when oil prices fall, CAD weakens), interest rate differentials between Federal Reserve and Bank of Canada, and the USD's status as global reserve currency. However, CAD strength varies with oil prices and economic cycles.
How do I transfer USD to CAD for the best rate?
For USD to CAD transfers, avoid airport exchanges and traditional banks which charge 3-5% markup. Use online services like Wise, Revolut, or OFX for near mid-market rates. Many Canadians working in the US use these platforms. Compare fees and exchange rates - even 0.5% difference matters on large transfers.
Can I use US Dollars in Canada?
Some Canadian businesses near the US border accept USD, especially in tourist areas of Vancouver, Toronto, and Niagara Falls. However, they'll give poor exchange rates. ATMs throughout Canada dispense CAD. Credit cards work everywhere. For best value, convert USD to CAD through banks or exchange services before spending.
When is the best time to convert USD to CAD?
USD/CAD rates are influenced by oil prices, Bank of Canada vs Federal Reserve rate decisions, employment data from both countries, and NAFTA/USMCA trade relations. Monitor these factors for optimal timing. For regular needs (property, tuition, business), consider dollar-cost averaging by converting smaller amounts regularly rather than timing the market.