As of 12 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 looking to convert currency, understanding the current exchange rate is crucial. The table below provides a snapshot of the CAD to USD exchange rate along with 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) | 7.23 | 7.23 |
| Euro (EUR) | 0.93 | 0.93 |
| Japanese Yen (JPY) | 155.78 | 155.78 |
| New Zealand Dollar (NZD) | 1.66 | 1.66 |
| 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 a higher exchange rate, making it essential for consumers to stay informed about the latest inter-bank rates.
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 fluctuations. Keeping track of these rates can help individuals make informed decisions when converting currencies.
