CAD to USD Converter
Convert Canadian Dollars to US Dollars with real-time exchange rates
1 CAD = 0.735 USD
Formula: USD = CAD × 0.735
The Canadian Dollar, often called the "Loonie" after the bird on the one-dollar coin, is Canada's official currency and a major commodity currency.
It's closely tied to natural resource prices, particularly oil, making it sensitive to global commodity market fluctuations.
The CAD is managed by the Bank of Canada and is one of the most stable currencies in the world.
Cross-Border Work
Canadian freelancers and remote workers converting earnings to USD for international clients.
Online Shopping
Canadians purchasing from US retailers and understanding the true cost in CAD.
Investment Transfers
Moving funds from Canadian accounts to US investment platforms and brokerages.
Historical Parity
The CAD was worth more than the USD during parts of 2007-2008 and briefly in 2011.
Oil Price Impact
When oil prices rise, the CAD typically strengthens against the USD due to Canada's oil exports.
Interest Rate Differential
The difference between Canadian and US interest rates significantly affects the exchange rate.