As of 10 May 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, 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) | 1.51 | 1.51 |
| British Pound (GBP) | 0.80 | 0.80 |
| Canadian Dollar (CAD) | 1.37 | 1.37 |
| Chinese Yuan (CNY) | 7.22 | 7.22 |
| Euro (EUR) | 0.93 | 0.93 |
| Japanese Yen (JPY) | 155.39 | 155.39 |
| New Zealand Dollar (NZD) | 1.66 | 1.66 |
| Swiss Franc (CHF) | 0.91 | 0.91 |
It is important to note that while open market rates provide a general indication of exchange values, banks often apply slightly higher rates for currency conversion. Therefore, individuals should compare rates across different platforms to ensure they are getting the most favorable deal.
For the latest updates on inter-bank currency rates and to stay informed about fluctuations in the Canadian Dollar exchange rate, individuals can refer to reputable currency rate portals. Keeping abreast of these changes can help individuals make informed decisions when converting currencies.
