As of 6 May 2024, the Canadian Dollar to USD exchange rate stands at USD 1.37 for both buying and selling, according to the open market rate. This rate is subject to fluctuations due to global supply and demand dynamics.
For individuals or businesses looking to convert currency, understanding the current exchange rate is crucial. Keeping track of the CAD to USD rate can help in making informed decisions when exchanging currencies.
Here is a snapshot of the exchange rates for the Canadian Dollar against other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.51 | 1.51 |
| British Pound (GBP) | 0.80 | 0.80 |
| Canadian Dollar (CAD) | 1.37 | 1.37 |
| Chinese Yuan (CNY) | 7.24 | 7.24 |
| Euro (EUR) | 0.93 | 0.93 |
| Japanese Yen (JPY) | 153.54 | 153.54 |
| New Zealand Dollar (NZD) | 1.66 | 1.66 |
| Swiss Franc (CHF) | 0.91 | 0.91 |
It is important to note that open market currency exchange rates may differ from those offered by banks. Banks often charge higher exchange rates, so individuals should stay informed about the inter-bank rates to ensure they are getting the best deal.
For the latest updates on currency exchange rates, individuals can refer to the country's top currency rates portal, which provides timely information on inter-bank rates. Staying informed about exchange rates can help individuals make better decisions when converting currencies.
