This converter shows the live mid-market rate for US Dollar to Canadian Dollar - the real exchange rate without any bank markup. Enter your amount and the result appears instantly. Use the historical chart to track how the USD/CAD rate has moved over time, and the reference table to see common amounts at a glance.
- The mid-market rate is the benchmark rate - banks and bureaus charge 2–12% above it depending on the provider type.
- Fintech services like Wise typically offer the closest rates to mid-market, with transparent flat fees instead of hidden markups.
- The USD/CAD rate is updated once per day from live forex data - for high-value transactions, always confirm with your payment provider.
How to convert USD to CAD
Enter the amount in US Dollar in the top field. The equivalent in Canadian Dollar appears instantly in the result field, along with the current exchange rate and its reverse. The swap button takes you to the CAD to USD converter so you can quickly see the rate in both directions without retyping.
The Currency Comparison Table below the main converter lets you track multiple currencies at once. It starts with USD, CAD, and three of the most common USD pairings pre-loaded. Click any row to edit the amount and all other rows update automatically.
About US Dollar and Canadian Dollar
USD/CAD is often called the "loonie pair" after Canada's one-dollar coin. The United States and Canada share the world's longest bilateral trade relationship - roughly 75% of Canadian exports go to the US, making CAD uniquely sensitive to US economic conditions.
Canadian exports are heavily commodity-driven, particularly crude oil - when oil prices fall, CAD typically weakens. The Bank of Canada often trails Federal Reserve policy decisions with a slight lag, meaning US rate hikes tend to strengthen the dollar against the loonie. Cross-border shopping, US-Canadian business invoicing, and remittances keep retail demand for this pair consistently high throughout the year.
When you convert US Dollars to Canadian Dollars at a bank or exchange bureau, the provider's rate will be above the mid-market rate shown here. The difference - their markup - is typically 2–5% at a bank branch, and can reach 8–12% at airport exchange desks. Fintech services like Wise and Revolut typically come within 0.5% of mid-market for major currency pairs.
FAQs
What is the USD to CAD exchange rate today?
The rate shown above is the mid-market rate - the midpoint between the buy and sell prices on the global forex market. It is updated once per day. It doesn't include any bank or broker markup, so it differs from the rate you would get at a bank branch or exchange desk.
How do I convert US Dollars to Canadian Dollars?
Enter the amount in US Dollar in the field above and the result in Canadian Dollar appears instantly. The rate used is the live mid-market rate updated daily. Use the swap button to navigate to the reverse converter if you need to convert from CAD to USD.
Why does my bank charge a different rate?
Banks add a profit margin - typically 2 to 5% - on top of the mid-market rate for retail customers. Airport kiosks can charge 8 to 12% above mid-market. The rate here is the mid-market baseline, which lets you calculate exactly how much markup any provider is adding.
Is the USD/CAD rate updated in real time?
Rates are updated once per day. The exact update time is shown below the exchange rate in the converter. For time-sensitive or high-value transactions, always confirm the current rate directly with your payment provider before committing to a transfer.
What is the cheapest way to convert US Dollars to Canadian Dollars?
Fintech services like Wise and Revolut typically offer the closest rates to mid-market with small flat fees - making them the most cost-effective option for most amounts. Bank wires and airport exchange desks tend to be the most expensive. Always compare the all-in cost, not just the headline rate.