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Canadian Dollar to US Dollar Exchange Rate
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Canadian Dollar
Known as the “loonie”, the Canadian dollar is among the world’s top ten most traded currencies. With its extreme sensitivity to movements in crude oil and other commodities, traders often use the Canadian dollar to speculate on these commodities. It’s also closely tied to the US economy and dollar. In recent years, the Canadian dollar has seen a lot of fluctuation alongside the US dollar.
| Currency: | Canadian Dollar |
| Currency Symbol: | $, Can$, C$, CAD |
| Sub unit: | cent (English) and cenne (Quebec slang) |
| Sub unit symbol: | ¢ |
| Bank notes: | $5, $10, $20, $50, $100 |
| Coins: | 5¢, 10¢, 25¢, 50¢, $1, $2 |
US Dollar
The US dollar is the most traded currency in the world. As the world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
| Currency: | US Dollar |
| Currency Symbol: | $, US$, USD$, USD |
| Sub unit: | cents |
| Sub unit symbol: | c |
| Bank notes: | $1, $5, $10, $20, $50, $100 |
| Coins: | 1c, 5c, 10c, 25c, 50c |
Canadian Dollar to the US Dollar for the last 10 years
| Feb 2010 | Feb 2011 | Feb 2012 | Feb 2013 | Feb 2014 | Feb 2015 | Feb 2016 | Feb 2017 | Feb 2018 | Feb 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 CAD = | 0.9423 Inverse: 1.0613 | 1.0207 Inverse: 0.9797 | 1.0009 Inverse: 0.9991 | 0.9782 Inverse: 1.0223 | 0.9031 Inverse: 1.1072 | 0.7994 Inverse: 1.2509 | 0.7295 Inverse: 1.3709 | 0.7633 Inverse: 1.3102 | 0.7916 Inverse: 1.2632 | 0.7614 Inverse: 1.3133 |
How does the Canadian dollar trade against the US dollar historically?
Close neighbors, Canada and the US have plenty of historical, trading and political ties. When it comes to forex, the Canadian dollar has generally mirrored the US dollar’s movements.
When the Canadian dollar rises against the US dollar, it often simultaneously falls against other international currencies. The relationship between the two currencies provides extra clues for economists and forex traders about shifts in the US economy.
However, since 2002 the Canadian dollar has risen consistently against the US dollar and other currencies. This rise is due to volatility in global oil prices, given Canada’s role as a major oil exporter.
Canadian Dollar to the US Dollar for the last 10 months
| Apr 2019 | May 2019 | Jun 2019 | Jul 2019 | Aug 2019 | Sep 2019 | Oct 2019 | Nov 2019 | Dec 2019 | Jan 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 CAD = | 0.7428 Inverse: 1.3462 | 0.7413 Inverse: 1.3490 | 0.7637 Inverse: 1.3095 | 0.7589 Inverse: 1.3178 | 0.7546 Inverse: 1.3253 | 0.7543 Inverse: 1.3256 | 0.7657 Inverse: 1.3059 | 0.7520 Inverse: 1.3298 | 0.7593 Inverse: 1.3170 | 0.7617 Inverse: 1.3128 |
Canadian Dollar to the US Dollar for the last 10 days
| Feb 16 | Feb 17 | Feb 18 | Feb 19 | Feb 20 | Feb 21 | Feb 22 | Feb 23 | Feb 24 | Feb 25 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 CAD = | 0.7550 Inverse: 1.3246 | 0.7554 Inverse: 1.3238 | 0.7545 Inverse: 1.3254 | 0.7563 Inverse: 1.3222 | 0.7541 Inverse: 1.3262 | 0.7561 Inverse: 1.3225 | 0.7561 Inverse: 1.3225 | 0.7545 Inverse: 1.3254 | 0.7525 Inverse: 1.3289 | 0.7530 Inverse: 1.3280 |
What affects CAD/USD exchange rates?
Trade balance
The trade balance is the difference between the value of a country’s imports and exports over a given period. Economists use the trade balance to measure the relative strength of a country’s economy.
Nonfarm payroll
Countries typically track the number of jobs added or lost each month. In general, an economy should add jobs at a healthy pace to increase interest rates. Higher interest rates attract foreign investors, which increases interest in a country’s currency.
Gross domestic product
Countries track the monetary value of all the finished goods and services produced within their borders over a specific time. This is used to compare one country’s economy against another.
Retail sales
Retail sales is an aggregated measure of the sales of retail goods. Strong sales suggest that a country’s economy is thriving — while weak sales suggest it’s declining.
Industrial production
Industrial production data typically reflects changes in overall economic activity. Strong industrial production figures are a bullish sign for the dollar, weak data is a bearish sign.
Send money from Canada to the US
Market rate for common transfer amounts CAD to USD
| Canadian Dollars (CAD) | US Dollars (USD) |
|---|---|
| $1 | 0 |
| $100 | 0 |
| $500 | 0 |
| $1000 | 0 |
| $1500 | 0 |
| $2500 | 0 |
| $5000 | 0 |
Compare exchange rates from CAD to other currencies
A
B
- Bahamian Dollar (BSD)
- Bahraini Dinar (BHD)
- Bangladeshi Taka (BDT)
- Barbadian Dollar (BBD)
- Belarusian Ruble (BYN)
- Belize Dollar (BZD)
- Bermudian Dollar (BMD)
- Bhutanese Ngultrum (BTN)
- Bitcoin (BTC)
- Bitshares (BTS)
- Bolivian Boliviano (BOB)
- Botswana Pula (BWP)
- Brazilian Real (BRL)
- Brunei Dollar (BND)
- Bulgarian Lev (BGN)
- Burundian Franc (BIF)
C
E
G
M
- Macanese Pataca (MOP)
- Macedonian Denar (MKD)
- Malagasy Ariary (MGA)
- Malawian Kwacha (MWK)
- Malaysian Ringgit (MYR)
- Maldivian Rufiyaa (MVR)
- Mauritanian Ouguiya (MRO)
- Mauritius Rupee (MUR)
- Mexican Peso (MXN)
- Moldovan Leu (MDL)
- Monero (XMR)
- Mongolian Tugrik (MNT)
- Moroccan Dirham (MAD)
- Mozambican Metical (MZN)
N
P
S
- Salvadoran Colon (SVC)
- Samoan Tala (WST)
- São Tomé and Príncipe Dobra (STD)
- Saudi Riyal (SAR)
- Serbian Dinar (RSD)
- Sierra Leonean Leone (SLL)
- Singapore Dollar (SGD)
- Solomon Islands Dollar (SBD)
- Somali Shilling (SOS)
- South African Rand (ZAR)
- Sri Lankan Rupee (LKR)
- Surinamese Dollar (SRD)
- Swazi Lilangeni (SZL)
- Swedish Krona (SEK)
- Swiss Franc (CHF)
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