Convert CAD to USD, Free
Live exchange rates updated daily. Enter any CAD amount for the USD equivalent.
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How to convert CAD to USD
The Canadian dollar and US dollar are closely intertwined: Canada is the largest trading partner of the United States, and commodity prices (oil, lumber, metals) have a strong influence on the loonie's value. Unlike the AED or HKD, the CAD floats freely against the USD, so the rate you see today will be different from last week and different again tomorrow. This tool shows the current mid-market rate and computes the conversion instantly in your browser.
Knowing the CAD/USD rate matters for cross-border shopping, US subscription services billed in USD, business invoicing between Canadian and American clients, and travel budgeting. A quick rule of thumb when the loonie is near its long-term average: Canadian prices in CAD are roughly 25-30% higher than they appear in USD. Always verify with the live rate for any significant financial decision.
Enter the CAD amount
Type your Canadian dollar amount. Works for any size: from a $5 coffee to a $500,000 real estate price.
View the current rate
The live CAD/USD mid-market rate is displayed so you can see the underlying price used for the calculation.
Read the USD result
The converted US dollar amount appears instantly (CAD amount divided by the CAD/USD rate, or multiplied by USD/CAD).
Add fees for real transactions
Banks and card networks add 1-3% on top of the mid-market rate. Budget for that spread when planning actual currency exchanges.
Frequently asked questions
What drives the CAD/USD exchange rate?
Oil prices are a primary driver since Canada is a major crude exporter. Interest rate differentials between the Bank of Canada and the US Federal Reserve, trade balance data, and risk sentiment also move the pair.
Why is the Canadian dollar sometimes called the loonie?
The common loon bird is depicted on the Canadian one-dollar coin, so it is nicknamed the loonie. The two-dollar coin is similarly called the toonie.
Is the CAD/USD rate the same at every bank?
No. Banks apply their own spread around the interbank (mid-market) rate. Credit cards typically offer rates 1.5-3% worse than mid-market; specialized travel cards sometimes offer rates much closer to mid-market.
How do I convert USD back to CAD?
Switch the converter direction or divide your USD amount by the displayed USD/CAD rate. On this page you can also enter a value in the USD field to reverse the conversion.
Can I use this for invoicing Canadian clients in USD?
Yes. The mid-market rate is the conventional reference for invoice conversions. Specify in your contract which rate and date will be used to fix the amount in the other currency.