FAQ About the Best USD to CAD Exchange Rate

• Where can I get the best exchange rate for Canadian dollars?

  To convert your US dollars to Canadian dollars, Monito has found Wise to give the best rate over a 12 month period (between 07/2021 to 07/2022). Paysend and Instarem rank next as the two next cheapest.

• How do I get the best exchange rate from USD to CAD?

  Run a search with Monito's international money transfer service comparison engine.

  Select that you'd like to transfer USD into CAD, and let us find you the cheapest money transfer service for the job. Wise consistently ranks high on the USD-CAD corridor because it converts your money using the real interbank rate (also called the mid-market exchange rate).

• Which Canadian bank has the best USD exchange rate?

  Since Canadian banks do not apply the mid-market exchange rate to their retail customers, it's difficult to tell which has the best USD exchange rate. Banks publish their rates daily on their websites, although those schedules are usually hard to find.

  To send money to the United States, use an international money transfer service that publishes its rates more transparently.

  Run a search with Monito's comparison engine. Or open a multi-currency account and convert CAD to USD right from your mobile wallet. Wise and Revolut are two such providers that offer digital multi-currency accounts.

• What was the highest USD to CAD exchange rate?

  $1 USD = 1.45801 CAD

  The US dollar's ten year high was in January 2016 when one US dollar was worth about 1.458 Canadian dollars.