USD to CAD exchange rate
Mid-market USD/CAD — the rate banks trade with each other, before anyone adds a margin. Use it as the benchmark for any quote you are given, including ours.
USD to CAD at a glance
Converted at the mid-market rate above. A bank pricing the same amounts would typically build in 3–4%, which is the gap a specialist desk closes.
| US Dollar | Canadian Dollar |
|---|---|
| $100.00 | C$138.00 |
| $250.00 | C$345.00 |
| $500.00 | C$690.00 |
| $1,000.00 | C$1,380.00 |
| $2,500.00 | C$3,450.00 |
| $5,000.00 | C$6,900.00 |
| $10,000.00 | C$13,800.00 |
| $25,000.00 | C$34,500.00 |
| $50,000.00 | C$69,000.00 |
| $100,000.00 | C$138,000.00 |
What moves the USD/CAD rate
The USD leg
The dollar is the market's default safe haven, so it strengthens on risk-off sentiment as well as on Federal Reserve tightening — two drivers that can pull in the same direction at once.
The CAD leg
The Canadian dollar moves with crude oil and, more than any other major, with the US economy — USD/CAD is often the cleanest expression of that relationship.
Delivering CAD
CAD settles by EFT, with larger values routed over Lynx the same business day; FINTRAC reporting applies to international transfers.
USD/CAD questions
What is the USD/CAD exchange rate today?+
The mid-market USD/CAD rate is 1.3800, meaning 1 USD buys 1.3800 CAD. This is the rate banks quote each other, before any margin is added — it is the number to compare any quote against.
Why is the rate I am offered lower than the USD/CAD mid-market rate?+
USD/CAD is one of the most liquid pairs in the market, so the underlying spread a provider pays is tiny. Almost every provider still adds a margin to the mid-market rate instead of charging a visible fee, which means the exchange rate itself is the cost — and on a pair this liquid, a rate 3-4% off mid-market is a pricing decision rather than a cost of trading.
How long does a payment in CAD take to arrive?+
CAD settles by EFT, with larger values routed over Lynx the same business day; FINTRAC reporting applies to international transfers.
Can I fix a USD/CAD rate for a future payment?+
Yes. A forward contract fixes today's rate for settlement up to 24 months ahead, which removes the risk of the rate moving between agreeing a price and paying it. That is common on property purchases and scheduled supplier payments.
Other USD rates
More on each currency: US Dollar · Canadian Dollar · All live rates
Get a quote
Tell us what you're moving and a specialist will come back with a live rate and next steps — usually within one business hour.