As of 7 January 2025, the buying exchange rate for 1 Canadian Dollar to USD is USD 1.44, with the selling exchange rate also at USD 1.44 in the open market. It's important to note that exchange rates for the Canadian Dollar to US Dollar fluctuate regularly based on global supply and demand dynamics.
For individuals or businesses looking to convert currency, understanding the current exchange rate is crucial to getting the best value for your money. The table below provides a snapshot of the CAD to USD exchange rate as well as rates for other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.60 | 1.60 |
| British Pound (GBP) | 0.80 | 0.80 |
| Canadian Dollar (CAD) | 1.44 | 1.44 |
| Chinese Yuan (CNY) | 7.33 | 7.33 |
| Euro (EUR) | 0.97 | 0.97 |
| Japanese Yen (JPY) | 158.06 | 158.06 |
| New Zealand Dollar (NZD) | 1.78 | 1.78 |
| Swiss Franc (CHF) | 0.91 | 0.91 |
It's worth noting that while open market currency exchange rates provide a general indication of the CAD to USD rate, banks often charge slightly higher rates for currency exchange. Keeping track of inter-bank rates can help individuals make more informed decisions when converting currency.
For the most up-to-date information on currency exchange rates, individuals can refer to the country's top currency rates portal, which regularly updates inter-bank rates to provide accurate and timely information to the public.
