As of 16 December 2024, the Canadian Dollar to USD exchange rate stands at USD 1.42 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.
Aside from the Canadian Dollar, other currency exchange rates are also available for reference. The Australian Dollar is being bought at 1.57 USD and sold at the same rate. The British Pound has a buying rate of 0.79 USD and a selling rate of 0.79 USD. The Chinese Yuan, Euro, Japanese Yen, New Zealand Dollar, and Swiss Franc also have their respective exchange rates listed.
It's important to note that open market currency exchange rates may differ from those offered by banks. Banks typically charge higher rates for currency exchange, so individuals should compare rates to ensure they are getting the best deal.
For the latest updates on inter-bank currency rates, individuals can visit the country's top currency rates portal. This portal provides timely updates on exchange rates, helping individuals make informed decisions when converting currencies.