As of 16 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. 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 to ensure the best possible deal. The table below provides a snapshot of the current exchange rates for the Canadian Dollar against various other currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.51 | 1.51 |
| British Pound (GBP) | 0.79 | 0.79 |
| Canadian Dollar (CAD) | 1.38 | 1.38 |
| Chinese Yuan (CNY) | 7.26 | 7.26 |
| Euro (EUR) | 0.93 | 0.93 |
| Japanese Yen (JPY) | 157.41 | 157.41 |
| New Zealand Dollar (NZD) | 1.62 | 1.62 |
| Swiss Franc (CHF) | 0.89 | 0.89 |
It is important to note that while open market currency exchange rates provide a general indication of the value of a currency, actual rates may vary, especially when dealing with banks. Banks often charge higher exchange rates compared to the open market.
For the most up-to-date information on currency exchange rates, individuals can refer to reliable sources such as this portal, which regularly updates inter-bank currency rates to help users make informed decisions when converting currencies.
