Convert Canadian Dollar (CAD) to US Dollar (USD)

When to use CAD → USD

CAD to USD shows the inverse of "the loonie's" daily trajectory. Canadian payroll, e-commerce, and snowbird-retiree spending into the US all depend on this rate. The Bank of Canada and the US Federal Reserve coordinate informally during crises (notably 2008 and 2020) but set policy independently the rest of the time. For B2B invoicing, the major Canadian banks now offer multi-currency business accounts that hold USD without forced conversion at deposit — a meaningful improvement over the historical 2.5 % round-trip spread.

How to convert Canadian Dollar to US Dollar

1. 1

   Enter your amount

   Type the value in Canadian Dollar you want to convert into US Dollar.

2. 2

   Read the live rate

   At today's mid-market rate, 1 CAD equals 0.705115 USD. Your full amount is recalculated as you type.

3. 3

   Use the number, not the quote

   Banks, brokers, and card networks add a spread of 0.5–3 % on top of the mid-market rate. Treat Convertitive's number as a reference, not a price you can actually trade at.

CAD to USD conversion table

Common amounts at today’s rate of 1 CAD = 0.705115 USD.

Frequently asked questions

What is 1 Canadian Dollar in US Dollar?

1 CAD = 0.705115 USD at today's mid-market rate.

What is 100 CAD in USD?

100 CAD = 70.5115 USD.

What is 1 USD in CAD?

1 USD = 1.4182 CAD — the inverse of the rate above.

Where do these rates come from?

The European Central Bank publishes daily reference rates around 16:00 CET. Convertitive consumes them through the Frankfurter open data service and refreshes its cache every hour.

How often is the rate updated?

Up to once per hour, and only when the ECB itself has issued a new value. Over weekends and holidays the displayed rate stays at the previous business day's close.

Why isn't this the rate my bank quotes?

Mid-market rates are a benchmark; retail banks and card networks add a spread on every conversion to cover their costs and margin. Expect that spread to be 1–3 % on most card transactions and 0.4–0.8 % at large brokers.

Can I use this for accounting or invoicing?

Use it as a reference. For official accounting, most jurisdictions require a documented rate from a central bank or your tax authority (which often publish their own daily values).

What's a 'mid-market' rate?

The midpoint between the buying and selling prices that wholesale banks quote each other. It's the closest thing to a 'real' rate for an individual to compare against.

About Canadian Dollar and US Dollar

Other currency converters

• USD → EURUS Dollar to Euro
• EUR → USDEuro to US Dollar
• USD → GBPUS Dollar to British Pound
• GBP → USDBritish Pound to US Dollar
• USD → JPYUS Dollar to Japanese Yen
• JPY → USDJapanese Yen to US Dollar

Sources

• European Central Bank — euro foreign exchange reference rates
• Frankfurter — open ECB rates API