As of 16 June 2024, the Canadian Dollar to USD exchange rate stands at USD 1.37 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, understanding the current exchange rate is crucial to ensure the best possible conversion value. Keeping track of the CAD to USD exchange rate can help in making informed decisions when converting currencies.
Here is a snapshot of the exchange rates for the Canadian Dollar against other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.51 | 1.51 |
| British Pound (GBP) | 0.79 | 0.79 |
| Canadian Dollar (CAD) | 1.37 | 1.37 |
| Chinese Yuan (CNY) | 7.26 | 7.26 |
| Euro (EUR) | 0.93 | 0.93 |
| Japanese Yen (JPY) | 157.55 | 157.55 |
| New Zealand Dollar (NZD) | 1.63 | 1.63 |
| Swiss Franc (CHF) | 0.89 | 0.89 |
It is important to note that open market currency exchange rates may differ from those offered by banks. Banks typically charge a higher exchange rate, making it essential to stay informed about the inter-bank currency rates for accurate conversions.
For the latest updates on currency exchange rates, individuals can refer to the country's top currency rates portal, which provides timely information to help navigate the dynamic world of currency exchange.
