As of 3 May 2024, the Canadian Dollar to USD buying exchange rate stands at USD 1.37, with the CAD to USD selling exchange rate also at USD 1.37 in the open market. These rates are subject to fluctuations due to global supply and demand dynamics.
For individuals or businesses involved in currency exchange, staying informed about exchange rates is crucial. By keeping track of the CAD to USD rates, one can make informed decisions when converting currency to get the best possible rate.
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) | 1.52 | 1.52 |
| British Pound (GBP) | 0.80 | 0.80 |
| Canadian Dollar (CAD) | 1.37 | 1.37 |
| Chinese Yuan (CNY) | 7.24 | 7.24 |
| Euro (EUR) | 0.93 | 0.93 |
| Japanese Yen (JPY) | 153.03 | 153.03 |
| New Zealand Dollar (NZD) | 1.68 | 1.68 |
| 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 often charge higher exchange rates, so individuals should be mindful of this when exchanging currency.
For the most up-to-date information on inter-bank currency rates, individuals can refer to the country's top currency rates portal, which provides timely updates on exchange rates. By staying informed, individuals can make better decisions when it comes to currency exchange.
