US to Canadian Dollar Exchange Rate: 1 USD = 1.37 CAD

Planning a trip north of the border, wiring money to a Canadian contact, or simply curious about what your USD buys in loonies? Exchange rates shift constantly, and knowing where they stand right now can save you real money on a single transaction.

Current Rate: 1 USD = 1.37 CAD · Daily Change: +0.24% · 1-Month Change: −0.06% · Popular Conversion: 100 USD = 137 CAD

How much is $100 US in Canada?

At today’s rate of roughly 1 USD = 1.37 CAD, $100 US converts to about 137 Canadian dollars before any fees. That figure comes straight from live interbank rates tracked across platforms like Xe and Wise, so it reflects what banks actually trade at between themselves.

Current conversion rate

The mid-market rate — the wholesale price before a bank or transfer service adds its margin — sits around 1.3710 CAD per USD Investing.com. When you actually exchange money, you’ll receive less because providers build in a spread. Revolut lists 1 USD = 1.39960 CAD on its live converter, while Wise shows the same pair closer to 1.36885 — a variance of roughly 0.6% that shows just how much the quoted rate can swing between services Revolut.

Factors affecting the rate

Interest rate differences between the Federal Reserve and the Bank of Canada drive most of the USD/CAD movement. When the Fed holds rates higher than the BoC, capital flows toward US dollar assets, pushing the pair upward. Commodity prices — Canada’s oil exports, in particular — add a second layer: a slump in crude oil tends to weaken the loonie regardless of interest rate logic Trading Economics.

The implication: if you’re exchanging $100 USD today, the difference between the best and worst provider could cost you $0.80 or more — real money on small amounts.

Is the US dollar strong in Canada right now?

The USD has gained ground steadily against the loonie over the past year, though recent weeks show the trend losing steam. As of late March 2026, the Canadian dollar had weakened 1.77% over the prior month while gaining 3.25% over the prior 12 months Trading Economics. That mixed signal reflects a market caught between two competing pressures.

Recent performance

On March 30, 2026, USD/CAD rose to 1.3919, up 0.17% in a single session Trading Economics. The pair touched 1.37 on a subsequent date — described by Trading Economics as the highest level since March 2026 — but had shed 0.44% over the preceding four weeks Trading Economics. That choppy action tells you the market has not decided whether the dollar’s climb is exhausted or just pausing.

USD vs CAD strength indicators

Measured against a broader basket of currencies, the US dollar remains one of the strongest in the world. The Canadian dollar, meanwhile, ranks in the middle of the pack — roughly 15% weaker than its all-time high of 1.62 reached in January 2002 Trading Economics. Six months of Wise data show the USD/CAD pair averaging 1.3832, suggesting the current 1.37–1.39 range sits slightly below the recent norm Wise.

Why is Canada’s dollar so weak?

The Canadian dollar’s recent softness comes down to two forces pulling in the same direction: monetary policy divergence and commodity market turbulence. Neither is going away quickly.

Economic factors

When the Bank of Canada cuts rates faster than the Federal Reserve, the interest rate advantage tilts toward the United States. Investors chasing higher yields move money south, weakening demand for Canadian dollars. The Bank of Canada’s own historical records — available through 2017 from the Bank of Canada (official historical rates) — show this dynamic playing out repeatedly over decades Federal Reserve (H.10 data).

Oil is Canada’s single largest export, and crude prices have faced headwinds from uncertain global demand signals. A softer oil price directly trims the Canadian dollar’s underlying value because fewer USD flow back into Canada in exchange for that oil Trading Economics.

Recent drops explained

April 2026 illustrated this clearly: USD/CAD dropped to 1.3486 on January 29, the low for that period, as oil prices firmed and the market priced in a possible BoC pause ExchangeRates.org.uk. Then the pair rebounded sharply, reaching 1.3919 by March 30 — a swing of more than 3% in roughly two months OFX.

Investors holding Canadian dollar assets over the long run have seen persistent pressure since the early 2000s, even at rebound levels.

US dollar to Canadian dollars Exchange Rate History

Looking at where USD/CAD has traded over the past 18 months makes the current level easier to contextualize. The pair has swung through a range wide enough to matter for anyone converting meaningful amounts.

Chart overview

ExchangeRates.org.uk records the 2025 peak at 1.4113 on November 6 — confirmed by multiple platforms including Wise, which puts its own November 25 high at 1.4114 ExchangeRates.org.uk. From there, the pair trended lower through year-end, closing 2025 at 1.3688 on December 29 ExchangeRates.org.uk.

OFX’s monthly data shows a consistent slide: November 2025 averaged 1.40505, December ended at 1.3786, January 2026 averaged 1.377931, February 2026 dropped to 1.365178, and March 2026 recovered partially to 1.372518 OFX. By April 20, 2026, OFX recorded the rate at 1.382387 OFX.

Key historical periods

The all-time high for USD/CAD — 1.62 — arrived in January 2002, a period when US recession concerns and commodity weakness hit the Canadian dollar hard Trading Economics. The Federal Reserve’s own H.10 historical database, stretching back to 2000, shows the pair at 1.4465 on January 3 of that year, before climbing to that peak Federal Reserve.

For long-term data going back to 1950, the UBC Sauder Faculty of Commerce maintains a Canadian dollar database covering CAD/USD rates through 2023 UBC Sauder (long-term FX database).

How much is $100 Canadian today?

Running the conversion in reverse: 100 CAD converts to approximately 73 USD at current rates. Wise shows the CAD to USD pair at 0.730487, with a six-month average of 0.7231 Wise. That places today’s rate slightly above the recent average — meaning CAD buys a bit more USD now than it has on average over the past half-year.

CAD to USD rate

The inverse rate reflects the same USD/CAD dynamics in mirror: when USD/CAD climbs, CAD/USD falls, and vice versa. On January 30, 2026, CAD/USD hit its high of 0.7413 — the day the pair bottomed at 1.3491 on the USD side Wise. For Canadians selling US assets or converting savings back home, that January window was the best recent opportunity.

Common conversions

Here is how a range of CAD amounts map to USD at the current mid-market rate of approximately 0.73:

• 10 CAD ≈ 7.30 USD
• 20 CAD ≈ 14.60 USD
• 50 CAD ≈ 36.50 USD
• 200 CAD ≈ 146 USD
• 1,000 CAD ≈ 730 USD

USD/CAD Rate Comparison Across Platforms

Four platforms reporting on the same day produced four slightly different quotes — a reminder that there is no single “true” rate.

The spread between the highest (Revolut at 1.39960) and lowest (Wise at 1.36885) quote amounts to about 0.03075 points — roughly 2.2% of the rate. On a $10,000 transfer, that gap translates to over $300 in CAD received.

Understanding Mid-Market Rates vs. Retail Rates

The rate you see on a financial news site is almost never what you get when you actually exchange money. The mid-market rate — sometimes called the interbank rate — represents what banks charge each other on wholesale forex markets. It excludes the markup that retail providers add.

Wise publishes its mid-market rate at 1.393 USD to CAD and notes that its own charged rate of 1.36885 is slightly below that mark Wise (Fintech). Most traditional banks charge a wider spread still, sometimes 3–5% above mid-market. The Bank of Canada and Federal Reserve both publish official historical noon and closing rates that reflect institutional-level trading, not consumer rates Bank of Canada (official historical rates).

The implication: always verify what rate a provider actually applies before committing to a transfer. The difference between mid-market and retail can easily consume a full percentage point or more of your transfer amount.

USD/CAD: Where the Data Stands

Six months of monthly averages from OFX show a market that briefly touched the highest levels since 2025 in November, then cooled through winter before recovering modestly in spring OFX. MTFX recorded March 31, 2026 at 1.39145, essentially matching Trading Economics’ March 30 reading of 1.3919 MTFX.

The confirmed picture is this: the USD has been broadly strong against the CAD since late 2025, the pair has oscillated within a roughly 6-cent band across 2025–2026, and the loonie remains well below its 2002 peak despite periodic rallies. Official data from the Bank of Canada and Federal Reserve extend the record back decades for anyone doing longer-term analysis Bank of Canada (official rates) Federal Reserve (H.10 database).

What remains genuinely unclear: whether the Bank of Canada cuts again before summer, and whether oil prices stabilize or resume softening. Those two variables will largely determine whether USD/CAD pushes back toward 1.41 or drifts lower toward 1.35.

Related reading: US to Canadian Conversion Rate

While this page tracks live 1 USD to 1.37 CAD conversions and charts, the US Canada exchange rate history provides deeper insights into recent trends and forecasts.

Frequently asked questions