Convert Canadian Dollar to US Dollar
CAD to USD Exchange Rate Calculator
1 Canadian Dollar (CAD) = 0.7227 US Dollar (USD) at the live mid-market rate. That means $100 CAD converts to roughly 72.27 USD, and $1,000 CAD converts to about 722.69 USD. The CAD/USD rate refreshes every hour from Frankfurter, which sources data from the European Central Bank reference set. Enter any amount below to convert instantly — free, no sign-up.
90-day CAD/USD context
Over the past 90 days, CAD/USD has traded between 0.7176 and 0.7379. The current rate of 0.7227 sits roughly 25% through that range — near the lower end, meaning US Dollar has been stronger than typical against Canadian Dollar recently. Versus the rate 90 days ago, Canadian Dollar has weakened by 1.54% against US Dollar.
CAD/USD Price History
Interactive CAD/USD exchange rate chart with 7-day, 30-day, and 90-day views.
About Canadian Dollar (CAD)
The Canadian Dollar (CAD) is the official currency of Canada and the sixth-most-held reserve currency. Nicknamed the "Loonie" after the loon on the C$1 coin, it is a commodity currency driven primarily by crude oil prices and US cross-border trade, which accounts for roughly 75% of Canadian exports.
- •Canada is the world's fourth-largest crude oil producer
- •Roughly 75% of Canadian exports go to the United States
- •Bank of Canada (BoC) sets the overnight rate and targets 2% CPI inflation
- •USD/CAD is often called the "Loonie" among traders
- •Canada and the US are connected by the USMCA trade agreement (replaced NAFTA in 2020)
About US Dollar (USD)
The United States Dollar (USD) is the world's primary reserve currency and the single most traded currency in global foreign exchange markets. Issued by the Federal Reserve System since 1913, it anchors the DXY (U.S. Dollar Index) and sits on one side of roughly 88% of all forex transactions.
- •Involved in ~88% of all daily forex turnover (BIS Triennial Survey)
- •Accounts for roughly 58% of allocated central bank reserves (IMF COFER)
- •Primary invoicing currency for global oil, metals, and most commodities
- •Dollar-denominated debt issued outside the US exceeds $13 trillion
- •The Federal Reserve sets the federal funds rate, which drives USD strength globally
Frequently Asked Questions
Why is USD/CAD so correlated with oil prices?
Canada is the world's fourth-largest crude oil producer and energy is its single largest export. A $5 move in WTI crude typically shifts USD/CAD by around 100 pips, though the sensitivity varies with positioning and broader USD momentum.
When do Bank of Canada decisions move USD/CAD?
The BoC meets eight times per year — every six to eight weeks. Rate decisions, the Monetary Policy Report (quarterly), and Governor Tiff Macklem's press conferences all move CAD. Divergence from the Fed is the key framing — CAD rallies when the BoC is more hawkish than the Fed.
Does US data affect USD/CAD more than Canadian data?
Often yes. Because roughly 75% of Canadian exports go to the US, the Canadian economy is deeply tied to US demand. Surprises in US non-farm payrolls or US CPI can move USD/CAD more than Canadian CPI or retail sales.
What is "Jobs Friday" for CAD traders?
The first Friday of each month when both US non-farm payrolls and Canadian employment data are released simultaneously — usually at 13:30 UTC. The double-release often produces outsized USD/CAD moves of 50–100 pips depending on the divergence between the two countries.
Is USD/CAD affected by USMCA or US tariffs?
Absolutely. Tariff headlines, USMCA disputes, and softwood-lumber negotiations all move USD/CAD. The most extreme move in recent memory was during 2018 US tariff escalation, when USD/CAD rallied over 300 pips in weeks.
Related Conversions
More on CAD and USD
Country money guides, key terms, rate history, and articles related to CAD/USD.
Country guides
Glossary
- Pip (Forex)A pip ("percentage in point") is the smallest standard price increment for a currency pair…
- Spread (Forex)The spread is the difference between the buy (ask) price and the sell (bid) price of a cur…
- Safe-Haven CurrencyA safe-haven currency is one that investors buy during periods of global financial stress,…
Rate history
Articles
- Dollar Dying: USD Hits Lowest Reserve Share Since 1995The dollar's reserve share fell to 56.32% — lowest since 1995. China slashed Treasuries by 47%, BRICS settle 99% in local currencies, gold soaring.
- Indian Rupee Nearing 100/Dollar: Currency Crisis ExplainedThe rupee hit 94.82/USD — an all-time low. Foreign investors pulled $12B, the RBI staged its biggest intervention since 2013, and oil is making it worse.
- The Dollar Just Hit a 4-Month Low — What a Weaker USD Means for YouThe DXY fell to a 4-month low in May 2026 as Powell exited the Fed and Kevin Warsh prepares to take over with a dovish tone. Here is what a weaker US dollar actually means for travel, savings, gold, and investments — and what to do now.
Related Reading
Background on Canadian Dollar, US Dollar, and the forces that move CAD/USD.
USD vs EUR: Exchange Rate History and Analysis
USD/EUR exchange rate history from 1999 to 2026. Key events, economic forces, and trends shaping the world's most traded pair.
newsThe Dollar Just Hit a 4-Month Low — What a Weaker USD Means for You
The DXY fell to a 4-month low in May 2026 as Powell exited the Fed and Kevin Warsh prepares to take over with a dovish tone. Here is what a weaker US dollar actually means for travel, savings, gold, and investments — and what to do now.
guideHidden Fees of Sending Money Abroad: Real Costs
Discover the hidden costs of international money transfers. Learn how exchange rate markups, wire fees, and intermediary charges can cost you hundreds.
Exchange rates refresh hourly · Sourced from institutional-grade data providers