As of 8 June 2024, the Canadian Dollar to USD exchange rate stands at USD 1.38 for both buying and selling, according to the open market rate. It's important to note that exchange rates between the Canadian Dollar and US Dollar are subject to constant fluctuations due to global supply and demand dynamics.
Keeping track of currency exchange rates is crucial for individuals and businesses engaged in international transactions. Understanding the current exchange rate can help in making informed decisions when converting currencies.
Here is a snapshot of the CAD to USD exchange rates along with rates for other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.52 | 1.52 |
| British Pound (GBP) | 0.79 | 0.79 |
| Canadian Dollar (CAD) | 1.38 | 1.38 |
| Chinese Yuan (CNY) | 7.25 | 7.25 |
| Euro (EUR) | 0.92 | 0.92 |
| Japanese Yen (JPY) | 156.69 | 156.69 |
| New Zealand Dollar (NZD) | 1.63 | 1.63 |
| Swiss Franc (CHF) | 0.90 | 0.90 |
It's worth noting that open market currency exchange rates may differ from those offered by banks, with banks typically charging higher rates. Therefore, staying informed about inter-bank currency rates can help individuals secure better exchange deals.
For the latest updates on currency exchange rates, individuals can refer to the country's top currency rates portal, which provides up-to-date information on various currency pairs. Timely updates on inter-bank rates are also available on the website, ensuring that users have access to accurate and current exchange rate data.
