As of 7 October 2024, the Canadian Dollar to USD exchange rate stands at USD 1.36 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 involved in currency exchange, understanding the current exchange rate is crucial for making informed decisions. Keeping track of the CAD to USD rate can help in securing the best possible conversion rates.
Here is a snapshot of the exchange rates for the Canadian Dollar against other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.48 | 1.48 |
| British Pound (GBP) | 0.76 | 0.76 |
| Canadian Dollar (CAD) | 1.36 | 1.36 |
| Chinese Yuan (CNY) | 7.02 | 7.02 |
| Euro (EUR) | 0.91 | 0.91 |
| Japanese Yen (JPY) | 148.11 | 148.11 |
| New Zealand Dollar (NZD) | 1.63 | 1.63 |
| Swiss Franc (CHF) | 0.85 | 0.85 |
It is important to note that open market currency exchange rates may differ from those offered by banks. Banks typically charge higher exchange rates, making it beneficial for individuals to stay informed about inter-bank rates.
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 fluctuations. By staying informed about exchange rates, individuals can make better decisions when converting currencies.
