CAD to USD: Canadian Dollar to US Dollar Conversion Guide
The CAD/USD currency pair represents one of the most traded pairs involving the Canadian Dollar, reflecting the close economic relationship between Canada and the United States. Our CAD to USD converter provides accurate real-time exchange rates for Canadian Dollar to US Dollar conversions.
Current CAD to USD Exchange Rate
Currently, 1 Canadian Dollar equals approximately 0.7915 US Dollars. This rate is heavily influenced by commodity prices, particularly oil, as well as interest rate differentials between the Bank of Canada and the Federal Reserve.
How to Convert CAD to USD
- Enter the amount in Canadian Dollars you want to convert
- The equivalent US Dollar amount will be calculated automatically
- Use quick conversion buttons for common CAD amounts
- Reference the conversion table for standard CAD to USD values
CAD to USD Conversion Formula
USD Amount = CAD Amount × Current Exchange Rate
Example: 100 CAD × 0.7915 = $79.15 USD
Factors Affecting CAD/USD Exchange Rate
- Bank of Canada and Federal Reserve interest rate policies
- Oil prices and energy sector performance
- NAFTA/USMCA trade agreement impacts
- Economic indicators from both countries
- Global risk sentiment and commodity demand
- Cross-border trade volumes and investment flows
Canadian Dollar as a Commodity Currency
The Canadian Dollar is considered a commodity currency due to Canada's significant natural resource exports, particularly oil. When oil prices rise, the CAD typically strengthens against the USD, making commodity price monitoring essential for optimal conversion timing.
Best Times for CAD to USD Conversion
The optimal time to convert CAD to USD often depends on oil price trends and interest rate differentials. When oil prices are high and the Bank of Canada maintains higher rates than the Fed, the CAD tends to be stronger against the USD.
Cross-Border Commerce and CAD/USD
The CAD/USD exchange rate significantly impacts cross-border trade, tourism, and investment between Canada and the United States. Many Canadian businesses and individuals regularly need accurate CAD to USD conversions for commercial and personal transactions.
CAD/USD Trading Characteristics
The CAD/USD pair is known for its correlation with oil prices and North American economic conditions. The pair typically exhibits moderate volatility and is influenced by both countries' economic data releases and central bank policies.
Historical CAD/USD Performance
Historically, CAD/USD has ranged from below 0.60 during economic downturns to above 1.10 during commodity booms. The pair reached parity (1.00) several times in the 2000s when oil prices were elevated and the Canadian economy was outperforming.