The real USD/CAD rate
The interbank (mid-market) rate as the basis; the ibani margin, from 0.40% to 0.15% depending on the amount, is shown separately.
USD → CAD · Real-time rateConvert US dollars
into Canadian dollars (USD → CAD)
1 USD = 1.3896 CAD as of 3 November 2026 (indicative rate for an amount below the equivalent of CHF 10,000, ibani margin included; the rate applied is the one in effect when you place your order).
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% to 0.15% and no hidden fees.
USD → CADCurrency pair
Real timeMarket rate
0.15%Margin from
Simulate your transfer
No hidden fees1 USD = 1.3896 CAD Rate as of 3 November 2026
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CHF 1 Billion+Exchanged since 2018
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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.
A margin from 0.15%
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, a self-regulatory organisation 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.
| Criterion | ibani | Bank | Exchange office |
|---|---|---|---|
| Starting rate | Real interbank | "House" rate | "House" rate |
| Exchange margin | 0.40% | ~1.5 to 2% | Often > 2% |
| Transfer fees | 0 USD | Variable | — |
| Estimated annual cost* | ~240 USD | ~900 USD | > 1'000 USD |
| 100% digital tracking | Yes | Partial | No |
*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.
| Indicator | 30 days | 90 days |
|---|---|---|
| High | 1.4262 | 1.4262 |
| Low | 1.3969 | 1.3740 |
| Average | 1.4122 | 1.4003 |
| Change | −1.96% | −0.52% |
European Central Bank reference rates, from 5 August to 2 November (90 days) and from 5 October to 2 November (30 days), 2026. Cross rates calculated via the euro. Excluding exchange margin: these figures are not directly comparable with the rate shown at the top of the page, which includes the ibani margin.
Conversion tables
How much is 1 USD in CAD (and the other way round)?
Indicative amounts, ibani margin included, updated continuously.
Indicative rate as of 3 November 2026, ibani margin included; the rate applied is the one in effect when you place your order.
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, plus a margin of 0.40% to 0.15% depending on the amount, and transfers the funds to the beneficiary account of your choice.
CHF
EUR
GBP
SGDMarkets · updated 19 October 2026
USD/CAD: what has moved in recent months
The Canadian dollar hit its low for the year on 12 October, at 1.4262 Canadian dollars per US dollar, before returning to 1.4074 on 19 October. In the background: a Fed that raised its rates to 3.75%–4.00% on 16 September, a Bank of Canada that stayed at 2.25% and 68,000 jobs lost in Canada in September.
USDThe Fed raises rates unanimously
On 16 September 2026 the Federal Reserve raised the target range for the federal funds rate by 25 basis points, to 3.75%–4.00%, by twelve votes to none. US inflation came in at 3.7% year on year in September, and at 2.6% excluding food and energy. The dollar firmed: against the franc, it hit its 2026 high on 1 October, at 0.8353, and stood at 0.8250 at the 19 October reference rate, up 2.6% since 28 August. The next meeting is on 27 and 28 October 2026, then on 8 and 9 December.
CADThe Bank of Canada on hold, jobs fall
The Bank of Canada kept its target for the overnight rate at 2.25% on 2 September 2026. Canadian inflation rose to 3.1% year on year in September, from 3.0% in August, according to Statistics Canada. The economy lost 68,000 jobs in September and unemployment rose to 6.5%; the Canadian dollar hit its low for the year against the US dollar on 12 October, at 1.4262 Canadian dollars per US dollar, before returning to 1.4074 on 19 October. The next decision is on 28 October 2026, alongside the Monetary Policy Report.
USD → CAD
What it means for you
The rate gap of at least 1.5 points favours the US dollar. Both central banks decide on the same day, 28 October: a session that could move the pair in either direction, and converting a full amount that day means staking everything on it.
ECB reference rate on 19 October 2026: 1 USD ≈ 1.4074 CAD (excluding margin). The rate shown at the top of the page includes the ibani margin; the converter shows the live rate.
Sources: Federal Reserve, statement of 16 September 2026 · Bureau of Labor Statistics, September consumer price index published 14 October 2026 · ECB, euro foreign exchange reference rates · Bank of Canada, statement of 2 September 2026 · Statistics Canada, Consumer Price Index and Labour Force Survey, September 2026.
General market information, compiled from the sources cited; it constitutes neither investment advice nor a forecast.
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% to 0.15% 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 (+ margin from 0.15%) and transfer with no hidden fees. Free account opening, 100% digital, in 5 minutes.✓ Real interbank rate · ✓ Margin from 0.15% · ✓ Affiliated with SO-FIT (SRO)
* Transfers in currencies other than EUR and CHF may be subject to correspondent bank fees.
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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).