Canadian Dollar to US Dollar Exchange Rate is at a current level of 0.7274, down from 0.7308 the previous market day and down from 0.7474 one year ago. This is a change of -0.46% from the previous market day and -2.67% from one year ago.
Canadian Dollar to US Dollar Exchange Rate is at a current level of 0.7274, down from 0.7308 the previous market day and down from 0.7474 one year ago. This is a change of -0.46% from the previous market day and -2.67% from one year ago.
Canadian Dollar to US Dollar Exchange Rate is at a current level of 0.7281, up from 0.7275 the previous market day and down from 0.7555 one year ago. This is a change of 0.08% from the previous market day and -3.63% from one year ago.
Typically, the least busy times of the week are Mondays, mid-week and the weekend (excluding Friday). These days have the lowest number of transfers in the week, so you might expect to see less fluctuation in the mid-market rate.
The Canadian dollar is heavily influenced by world oil prices. It's called a “commodity currency” for this reason. The USD is less affected by oil prices as it has a much more diverse (and larger) economy. The CAD is especially affected by US demand for Canada's oil, as the US is the largest buyer of Canada's oil.
Highlights and Key Points: USD CAD Forecast 2024–2029
Today, 23.06. 2024, the USDCAD exchange rate is 1.36913 CAD per 1 USD. Many analysts project that the USDCAD's bullish rally, which started in December 2023, will continue in 2024. Most experts expect the asset price to remain between 1.4200 and 1.4420.
There is no best time to buy Canadian Dollar. Currency markets are incredibly complex and therefore unpredictable. GBP / CAD rates change constantly. The best time you can buy Canadian Dollar is when it is convenient and you are happy with the service and rate.
The CAD to INR forecast for tomorrow is currently predicting the CAD/INR exchange rate to rise to ₹ 61.02 in the next 24 hours, representing a 0.03% increase.
While you can switch Canadian dollars for USD before you travel, it's actually very easy to just make a cash withdrawal at an ATM on arrival in the US. This can also be cheap, and may get you a better exchange rate compared to exchanging in advance, particularly if you have a travel card from a provider like Wise.
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