USD → CAD · Real-time rate

Convert US dollars
into Canadian dollars (USD → CAD)

Change your US dollars (USD) into Canadian dollars (CAD) at the real interbank rate, in real time. For your transfers to Canada, with a margin from 0.40% and no hidden fees.

Open my free account Conversion tables
USD → CADCurrency pair
Real timeMarket rate
0.40%Margin from
35'000+ clientsIndividuals & businesses
CHF 1 Billion+Exchanged since 2018
Up to 10× cheaperThan a traditional bank
4.7/5 · ExcellentOn 2'000+ client reviews
SO-FIT logo
Affiliated with SO-FIT (SRO)*
USD/CAD conversion in a nutshell

Convert US dollars into Canadian dollars, at the fair rate

The essentials to change your USD into CAD with no nasty surprises on the rate or the fees.

The real USD/CAD rate

The interbank rate (mid-market), with no inflated margin hidden inside the displayed rate.

A margin from 0.40%

Transparent and sliding, up to 10× cheaper than a bank. No hidden fees.

Personal Swiss IBAN

Receive your US dollars on an IBAN in your name, converted into Canadian dollars automatically.

A reliable Swiss partner

ibani SA, founded in Geneva in 2018, a financial intermediary affiliated with SO-FIT, recognised by FINMA.

What you really pay

USD → CAD: ibani, bank or exchange office?

On a monthly exchange of 5'000 USD, the margin applied to the rate makes all the difference over the year.

CriterionibaniBankExchange office
Starting rateReal interbank"House" rate"House" rate
Exchange marginFrom 0.40%~1.5 to 2%Often > 2%
Transfer fees0 USDVariable—
Estimated annual cost*~240 USD~900 USD> 1'000 USD
100% digital trackingYesPartialNo

*Indicative orders of magnitude for an exchange of 5'000 USD/month over 1 year. See the details on our Rates page.

Rate trend

USD / CAD exchange rate live

Follow the pair's trend to pick the right moment for your exchange.

Conversion tables

How much is 1 USD in CAD (and the other way round)?

Indicative amounts, ibani margin included, updated continuously.

USDCAD
USD 1—
USD 5—
USD 10—
USD 50—
USD 100—
USD 500—
USD 1'000—
USD 5'000—
USD 10'000—
USD 50'000—
CADUSD
CAD 1—
CAD 5—
CAD 10—
CAD 50—
CAD 100—
CAD 500—
CAD 1'000—
CAD 5'000—
CAD 10'000—
CAD 50'000—
How to convert

Your USD changed into CAD, in 3 steps

Create your ibani account for free

100% digital sign-up in 5 minutes, with no opening or account maintenance fees.

Get your personal Swiss IBAN

Use it to top up your account with US dollars, ready to be converted.

Receive your Canadian dollars at the real rate

ibani converts your USD into CAD at the market rate and transfers the funds to the beneficiary account of your choice.

Other pairs

Convert other currencies

From the US dollar (USD)
USD CHF USD EUR USD GBP USD SGD
To the Canadian dollar (CAD)
CHF CAD EUR CAD GBP CAD

All our converters →

Markets · updated 28 August 2026

USD/CAD: what has moved in recent months

The pair stayed boxed between 1.38 and 1.42 in August 2026, at 1.3860 on the 27th. The US dollar lost altitude after the 19 August announcement on Treasury debt buybacks, while the loonie was supported by better-than-expected Canadian employment data and by energy prices that remain high.

USD

The US Treasury cut the dollar's engine

The Federal Reserve held its policy rate in the 3.50%–3.75% range on 29 July 2026, on a tight nine-to-three vote. US inflation eased to 3.4% in July, core inflation to 2.5%, and retail sales fell for the first time in nine months. On 19 August the Treasury announced it was doubling its long-dated debt buybacks, from 2 to at least 4 billion dollars per operation, from 9 September to 4 November: the 30-year yield fell back to 5.196% after a nineteen-year high of 5.33%, and the dollar retreated against all its major counterparts.

CAD

Six holds in a row in Ottawa

The Bank of Canada left its policy rate at 2.25% on 15 July 2026, its sixth consecutive hold. Canadian inflation had climbed back to 3.2% in May on gasoline prices linked to the Middle East conflict; the Bank expects it to ease towards 2.5% in the second half of 2026 and back to the 2% target in early 2027. It projects growth of 0.7% in 2026, then 1.8% in both 2027 and 2028.

USD → CAD

What it means for you

The Bank of Canada, at 2.25% for six meetings, is aiming for inflation back at 2% in early 2027; the Federal Reserve is caught between 3.4% inflation and a slowing economy. Neither has an obvious reason to move before the autumn.

Benchmark on 28 August 2026: 1 USD ≈ 1.3860 CAD. The converter at the top of this page shows the live rate.

Sources: Federal Reserve, statement of 29 July 2026 · Bureau of Labor Statistics, July consumer price index published 12 August 2026 · US Department of the Treasury, statement of 19 August 2026 · Bank of Canada, statement and Monetary Policy Report of 15 July 2026.

The economics of the pair

USD/CAD: the Fed versus the Bank of Canada

The rate between the US dollar (USD) and the Canadian dollar (CAD), nicknamed the "loonie", is one of the most traded pairs in the world. Its dynamics reflect above all the relationship between two neighbouring central banks: the US Federal Reserve (Fed) and the Bank of Canada (BoC).

When the Fed keeps interest rates higher than the Bank of Canada, capital flows towards the US dollar and the USD/CAD rate tends to rise. Conversely, more aggressive tightening by the BoC or a narrowing rate gap supports the Canadian dollar. Markets closely watch the decisions and statements of both institutions.

Another key driver: oil. Canada is a major crude exporter, so the Canadian dollar is a commodity-linked currency. When the price of oil climbs, the CAD often appreciates against the USD (the USD/CAD rate falls); when it falls, the CAD weakens. The strong trade integration between the two economies amplifies these movements.

Read also: our guides on how to change your currency online and calculate an exchange rate.

Written by Brice Delhome.

Frequently asked questions

Frequently asked questions about USD/CAD exchange

There is no universal ideal day. The USD/CAD rate moves with the interest-rate gap between the Fed (US Federal Reserve) and the Bank of Canada (BoC), as well as with the price of oil. Monitor the real rate continuously and trigger your exchange at the moment that suits you.

Three main factors: the monetary-policy gap between the Fed and the Bank of Canada, the price of crude oil (the CAD is a commodity-linked currency) and the health of the US economy, Canada's biggest trading partner. A rise in oil tends to strengthen the Canadian dollar against the US dollar.

Canada is one of the world's largest oil exporters. When crude prices rise, the country's export revenues increase and the Canadian dollar appreciates, which generally pushes the USD/CAD rate lower. Conversely, a fall in oil prices weakens the CAD against the USD.

ibani applies a transparent margin from 0.40% on the real interbank rate, decreasing with amounts. There are no opening or account maintenance fees. It's up to 10× cheaper than a traditional bank. See the details on the Rates page.

Change your US dollars
into Canadian dollars at the fair rate.

Get a personal Swiss IBAN, convert your USD into CAD at the real rate and transfer with no hidden fees. Free account opening, 100% digital, in 5 minutes.
OPEN A FREE ACCOUNT ibani for individuals

✓ Real interbank rate  ·  ✓ Margin from 0.40%  ·  ✓ Affiliated with SO-FIT (SRO)

* Transfers in currencies other than EUR and CHF may be subject to correspondent bank fees.

SO-FIT logo

Swiss financial intermediary subject to the AMLA regulatory framework

Your money is handled with the utmost regulatory rigour.

ibani SA is a FinTech company established since 2018 in the heart of Geneva, Switzerland. We are a financial intermediary audited for our activity, with thousands of clients and exchange operations to our name.

ibani SA is affiliated with SO-FIT as a financial intermediary within the meaning of Article 2 para. 3 of the Anti-Money Laundering Act (AMLA). SO-FIT is a self-regulatory organisation recognised by the Swiss Financial Market Supervisory Authority (FINMA).