As of 5 May 2024, the Canadian Dollar to USD buying exchange rate stands at USD 1.37, with the selling exchange rate for 1 Canadian Dollar also at USD 1.37. These rates are based on the open market rate and are subject to fluctuations due to global supply and demand dynamics.
It is important to note that currency exchange rates are constantly changing, and being aware of the current rates can help individuals make informed decisions when converting currencies. The table below provides a snapshot of the CAD to USD exchange rates as well as rates for other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.51 | 1.51 |
| British Pound (GBP) | 0.80 | 0.80 |
| Canadian Dollar (CAD) | 1.37 | 1.37 |
| Chinese Yuan (CNY) | 7.24 | 7.24 |
| Euro (EUR) | 0.93 | 0.93 |
| Japanese Yen (JPY) | 153.06 | 153.06 |
| New Zealand Dollar (NZD) | 1.66 | 1.66 |
| Swiss Franc (CHF) | 0.91 | 0.91 |
It is worth noting that open market currency exchange rates may differ from those offered by banks, with banks typically charging higher rates. This emphasizes the importance of staying informed about inter-bank currency rates to ensure optimal currency conversion.
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 exchange rates. By staying informed about exchange rate fluctuations, individuals can make more informed decisions when converting currencies.
