As of 24 July 2024, the buying exchange rate for 1 Canadian Dollar to USD is USD 1.38, with the selling exchange rate also at USD 1.38 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 in order to get the best value for your money. The table below provides a snapshot of the CAD to USD exchange rates:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.52 | 1.52 |
| British Pound (GBP) | 0.78 | 0.78 |
| Canadian Dollar (CAD) | 1.38 | 1.38 |
| Chinese Yuan (CNY) | 7.26 | 7.26 |
| Euro (EUR) | 0.92 | 0.92 |
| Japanese Yen (JPY) | 153.85 | 153.85 |
| New Zealand Dollar (NZD) | 1.69 | 1.69 |
| Swiss Franc (CHF) | 0.89 | 0.89 |
It's worth noting that while open market currency exchange rates provide a general indication of the CAD to USD rates, banks often charge slightly higher rates for currency exchange. Keeping track of inter-bank currency rates can help individuals make more informed decisions when converting currencies.
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 exchange rates to reflect the current market conditions. Staying informed about exchange rates can help individuals and businesses navigate the currency market more effectively.
