As of 20 October 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 looking to convert currency, understanding the current exchange rate is crucial. By keeping track of the CAD to USD rate, one can make informed decisions to get the best value for their money.
Here is a snapshot of the CAD to USD exchange rate along with rates for other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.49 | 1.49 |
| British Pound (GBP) | 0.77 | 0.77 |
| Canadian Dollar (CAD) | 1.38 | 1.38 |
| Chinese Yuan (CNY) | 7.10 | 7.10 |
| Euro (EUR) | 0.92 | 0.92 |
| Japanese Yen (JPY) | 149.59 | 149.59 |
| New Zealand Dollar (NZD) | 1.65 | 1.65 |
| Swiss Franc (CHF) | 0.87 | 0.87 |
It's important to note that open market currency exchange rates may differ from those offered by banks. Banks typically charge higher exchange rates, so individuals should compare rates to ensure they are getting the best deal.
For the most up-to-date information on inter-bank currency rates, individuals can refer to the country's top currency rates portal. Regular updates on exchange rates are provided to help individuals make informed decisions when converting currencies.
