US Dollar to Canadian Dollar — USD to CAD
USD to CAD Converter
USD/CAD Rate — Last 30 Days
USD edged up 0.95% this week — modest gains, no strong directional signal.
The 7-day average rate is above the 30-day average — recent momentum favors USD strengthening vs CAD. Uptrends can persist, but watch for a mean-reversion pullback.
5 consecutive days where USD gained vs CAD. Consistent streaks indicate sustained buying pressure — but longer streaks increase the odds of a short-term pullback.
The rate is at its highest point in 30 days. Strong bullish momentum — USD buyers are in control. At highs, watch for resistance and potential reversal.
RSI of 98 means USD has risen fast relative to CAD and may be overextended. RSI above 70 often precedes a pullback or consolidation — not a sell signal on its own, but a caution flag. Works best combined with other signals.
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Rate Statistics
| Period | High | Low | Average |
|---|---|---|---|
| 7 days | 1.4143 | 1.4004 | 1.4079 |
| 30 days | 1.4231 | 1.3580 | 1.3927 |
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Historical USD/CAD Rates by Year
What drives the USD/CAD rate?
Whether you're heading to Canada, sending money north of the border, or just tracking the loonie, here's what drives the US Dollar to Canadian Dollar rate. The USD/CAD rate is strongly influenced by oil prices since Canada is one of the world's largest oil exporters. When crude oil prices rise, global demand for Canadian dollars increases, typically strengthening CAD against USD. Bank of Canada interest rate decisions and US Federal Reserve policy also play major roles — when Canada raises rates faster than the US, CAD typically strengthens. The pair is also sensitive to Canada-US trade data and GDP releases.
How to get the best USD to CAD rate
The rate shown above is the interbank mid-market rate — the real exchange rate used between financial institutions. Individual customers cannot access this rate directly. Banks typically add a 2–3% spread on top, meaning you receive significantly less than the rate shown.
Online transfer services like Wise offer rates very close to the interbank rate with a small transparent fee of 0.5–1%. On a $1,000 USD exchange this typically saves $15–25 compared to a bank. Airport exchange booths charge the highest fees — often 5–8% above the interbank rate — and should be avoided for large amounts.