How exchange rates work
An exchange rate tells you how much of one currency you get for one unit of another. If 1 CAD = 0.72 USD, then 100 Canadian dollars converts to 72 US dollars. The converter multiplies your amount by the rate for the pair you selected.
The rates shown here are reference rates: mid-market observations published by central banks and other official sources. They are useful for budgeting, comparing prices and estimating costs, but they are not the rates you will be offered when you exchange money. Banks, credit-card issuers and foreign-exchange services typically add a spread or fee, so the amount you actually pay or receive is usually less favourable than the reference rate.
Latest versus historical rates
By default, the converter uses the latest available reference rate. Reference data is generally published once per business day, so the latest rate may be from today or from a previous business day. The observation date is always shown with the result.
To look up a past rate — for example, to check what a purchase cost on the day you made it or to reconcile an expense report — choose a date in the Rate date field. If no rate was published on that day, such as on a weekend or statutory holiday, the converter tells you the date of the observation it actually used. Clear the date, or choose “Use latest rate”, to return to the latest available rate.
Frequently asked questions
How do I convert Canadian dollars to US dollars?
Enter the amount, choose CAD as the From currency and USD as the To currency. The result uses the latest available reference exchange rate, and the rate and its observation date are shown below the converted amount.
Are these live currency exchange rates?
No. The rates are reference observations that are generally updated once per business day. They are not real-time trading quotes, and you cannot buy or sell currency at these rates through this site.
Can I convert using a past exchange rate?
Yes. Choose a date in the Rate date field to request a historical observation. If no rate was published on that day, for example on a weekend or holiday, the converter shows the date of the observation it actually used.
Will my bank give me the same rate?
Not necessarily. Banks, credit-card issuers and currency-exchange services usually add a spread or fees to the reference rate, so the amount you actually pay or receive is likely to be different.
Where does the currency data come from?
The converter uses the free Frankfurter API, which aggregates reference exchange-rate data published by central banks and other official sources. This site is not affiliated with Frankfurter, the Bank of Canada or the Government of Canada.
About this converter
A simple currency converter built for Canadians, with support for currencies around the world. It is free to use, requires no account and works on phones, tablets and computers.
Privacy and disclaimer
Privacy. This site does not use accounts, cookies or Google analytics. To fetch exchange
rates, your browser contacts the Frankfurter API at api.frankfurter.dev directly. Those
requests include only the currency pair and, if you choose one, the date — never the amount you
enter. Frankfurter receives the technical details any website receives, such as your IP address.
To avoid repeat requests, the currency list and recently fetched rates may be stored in your
browser’s local storage. The meeting planner also remembers the cities you choose there, so they’re
still there when you come back. You can clear any of this at any time through your browser settings.
To count visits and measure page speed, the site uses Cloudflare Web Analytics. It does not set
cookies or follow you across other websites. It records basic visit information, such as the
page viewed, the referring site, your browser type, your country and page load times.
Disclaimer. Rates are reference observations provided for information only. They are not offers to buy or sell currency, may be delayed or differ from the rates available from financial institutions, and should not be relied on for trading or transaction decisions. This site is independent and is not operated or endorsed by the Bank of Canada, the Government of Canada or Frankfurter.