As of 28 May 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 conversion, staying informed about exchange rates is crucial. By keeping track of the CAD to USD exchange rate, one can make informed decisions to get the best value for their money.
Here is a snapshot of the current exchange rates for the Canadian Dollar against other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.50 | 1.50 |
| British Pound (GBP) | 0.78 | 0.78 |
| Chinese Yuan (CNY) | 7.24 | 7.24 |
| Euro (EUR) | 0.92 | 0.92 |
| Japanese Yen (JPY) | 156.87 | 156.87 |
| New Zealand Dollar (NZD) | 1.63 | 1.63 |
| Swiss Franc (CHF) | 0.91 | 0.91 |
It's important to note that open market currency exchange rates may differ from those offered by banks. Banks typically charge higher exchange rates, so individuals should compare rates to ensure they are getting the best deal.
For the latest updates on inter-bank currency rates and to stay informed about the Canadian Dollar exchange rate, individuals can refer to the country's top currency rates portal. Timely updates on exchange rates can help individuals make informed decisions when converting currencies.
