As of 1 March 2025, the Canadian Dollar to USD exchange rate stands at USD 1.45 for both buying and selling, according to the open market rate. It's important to note that exchange rates between the Canadian Dollar and US Dollar are subject to constant fluctuations based on global supply and demand dynamics.
For individuals or businesses looking to convert currency, understanding the current exchange rate is crucial. This information can help ensure that conversions are done at the most favorable rate possible.
Here is a snapshot of the CAD to USD exchange rates as well as rates for other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.61 | 1.61 |
| British Pound (GBP) | 0.80 | 0.80 |
| Canadian Dollar (CAD) | 1.45 | 1.45 |
| Chinese Yuan (CNY) | 7.28 | 7.28 |
| Euro (EUR) | 0.96 | 0.96 |
| Japanese Yen (JPY) | 150.62 | 150.62 |
| New Zealand Dollar (NZD) | 1.79 | 1.79 |
| Swiss Franc (CHF) | 0.90 | 0.90 |
It's worth noting that open market currency exchange rates can differ from those offered by banks. Banks typically charge a higher exchange rate on currency transactions. Therefore, staying informed about inter-bank currency rates can help individuals make more informed decisions when converting currencies.
For the most up-to-date exchange rates, individuals can refer to the country's top currency rates portal, which provides timely updates on currency exchange rates. Keeping track of these rates can help individuals navigate the currency exchange market more effectively.
