If you’re moving money between Canada and the United States, you’ve probably noticed that Canadian dollars don’t stretch quite as far as they used to. Converting $1,000 CAD today gets you roughly $734 USD at the mid-market rate, though the exact amount depends on which provider you use. Rates shift constantly, and the spread between the best and worst options can eat into more than you’d think.

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Current Mid-Market Rate: 1 CAD = 0.734061 USD · 1000 CAD Equals: 734.06 USD · Wise Rate for 1000 CAD: 728.94 USD · XE Rate for 1000 CAD: 734.06 USD · Revolut Rate for 1000 CAD: 712.76 USD

Quick snapshot

1Confirmed facts
  • XE reports 1000 CAD = 734.06 USD (XE Currency Converter)
  • Wise converts 1000 CAD = 728.94 USD (Wise)
  • CAD/USD 90-day range: 0.7170–0.7411 (XE)
2What’s unclear
  • Whether CAD will recover meaningfully against USD in the near term
  • Specific economic triggers behind recent CAD weakness
  • Exact fees applied to individual transfers
3Timeline signal
  • CAD hit a 90-day low of 0.7170 USD in late March 2026 (XE)
  • Over the past week, CAD/USD moved between 0.7295 and 0.7328 (XE)
4What’s next
  • Bank of Canada meets regularly to set rates; decisions directly swing CAD
  • US Fed rate currently at 3.75% versus BoC’s 2.25% — the gap keeps USD favored
Label Value
Target Conversion 1000 CAD to USD
Mid-Market Rate 0.734061 USD per CAD
XE Conversion 734.06 USD
Wise Conversion 728.94 USD
Revolut Conversion 712.76 USD
Bank of Canada Rate 2.25%
US Federal Reserve Rate 3.75%
CAD/USD 90-Day Low 0.7170 USD
CAD/USD 90-Day High 0.7411 USD

How much is $1000 Canadian in the US?

The short answer: right now, roughly $734 USD. But the exact figure hinges on which converter you check and when. Across XE, Wise, and Revolut, the numbers diverge enough that it’s worth knowing why before you move money.

Current rate from top converters

XE’s mid-market rate sits at 0.734061 USD per CAD, which puts 1000 CAD at approximately $734.06 (XE Currency Converter). That’s the interbank reference rate — the wholesale price before any markup. When you actually convert through a service, you’ll get less.

Wise quoted 1000 CAD = $728.94 at the mid-market rate of roughly 0.73 USD per CAD (Wise). Revolut shows 1 CAD = 0.71430 USD, converting 1000 CAD to approximately $712.76 (Revolut). The spread between XE’s rate and Revolut’s is about 3%, which on $1,000 means roughly $21 left on the table.

Rate table for common amounts

The provider gap compounds as amounts increase — here’s how three major converters stack up across typical transfer sizes.

CAD Amount USD at XE Mid-Market USD at Wise USD at Revolut
100 CAD $73.41 $72.89 $71.43
500 CAD $367.03 $364.47 $357.15
1000 CAD $734.06 $728.94 $712.76
1100 CAD $807.47 $801.83 $785.73
1200 CAD $880.87 $874.73 $857.13
2000 CAD $1,468.12 $1,457.88 $1,425.52

The implication: the spread widens proportionally with transfer size — moving $10,000 CAD instead of $1,000 would cost you roughly $210 more at Revolut versus XE.

The gap

XE’s mid-market rate is ~$734 for 1000 CAD. Revolut delivers ~$713 — that’s a $21 difference from rate alone, before any transfer fees.

Why is CAD so weak?

The Canadian dollar has been trading at a meaningful disadvantage to the US dollar for months. The reasons trace back to interest rates, commodity prices, and broader economic confidence in each country.

Economic factors

The most direct driver is the interest rate gap. The Bank of Canada currently holds its policy rate at 2.25%, while the US Federal Reserve sits at 3.75% (XE Central Rates). That’s a 150 basis-point spread favoring the USD. Higher US rates attract capital flows northward, which weakens CAD in the foreign exchange market.

Canada’s economy has also shown signs of slower growth compared to the United States, which reduces demand for Canadian dollars from foreign investors. When global investors see better yield available in US-denominated assets, they shift holdings away from CAD.

Commodity prices impact

Oil is Canada’s most significant export, and CAD has historically tracked crude prices closely. When oil falls, CAD typically weakens. This relationship isn’t perfect — exchange rates reflect many variables — but it’s a structural factor that Canadian Dollar traders watch closely (XE).

Over the past 90 days, CAD/USD has ranged from a low of 0.7170 to a high of 0.7411 (XE). The 90-day average sits at 0.7295, suggesting the currency has been operating near the lower end of that range recently.

The pattern: until either central bank narrows the rate gap, CAD faces persistent headwinds from capital outflows into higher-yielding USD assets.

The implication

The 150 bps rate gap between the Bank of Canada and the US Fed means CAD will likely stay under pressure unless either central bank shifts course.

How much is $1000 US in Canadian today?

Running the calculation the other way: if you have $1,000 USD and want to know how many Canadian dollars that buys, you divide by the current rate.

Reverse rate calculation

At XE’s live USD/CAD rate of 1.36187, $1,000 USD converts to approximately 1,361.87 CAD (XE Currency Charts). Over the past 30 days, the USD/CAD pair has traded between 1.3644 and 1.3946, averaging around 1.3803 (XE USD to CAD Converter).

What this means: a stronger USD buys more CAD, but the reverse pair’s wider 30-day range suggests USD/CAD is more volatile than CAD/USD right now.

USD to CAD equivalents

Here’s how the inverse conversion breaks down at current rates versus the 30-day average.

USD Amount CAD at XE Mid-Market (1.36187) CAD at 30-Day Average (1.3803)
$100 USD 136.19 CAD 138.03 CAD
$500 USD 680.94 CAD 690.15 CAD
$1,000 USD 1,361.87 CAD 1,380.30 CAD
$2,000 USD 2,723.74 CAD 2,760.60 CAD
$5,000 USD 6,809.35 CAD 6,901.50 CAD

How much is $1 CAD in USD?

Understanding the unit rate helps you spot good deals faster. The base conversion is straightforward: 1 CAD buys approximately $0.73 USD at current mid-market rates.

Spot rate details

XE’s current mid-market rate shows 1 CAD = 0.734061 USD (XE Currency Converter). The 7-day average for CAD/USD sits at 0.7312, with volatility of just 0.22% — meaning the rate has been relatively stable over the short term (XE).

30-day volatility is similarly low at 0.23%, though the range was wider: 0.7170 to 0.7328. That bottom of 0.7170 marks the 90-day low that CAD touched in late March.

Small amount conversions

For quick reference on everyday CAD amounts, here’s how each translates at the current mid-market rate.

CAD Amount USD (at 0.734061 rate)
1 CAD $0.73 USD
5 CAD $3.67 USD
10 CAD $7.34 USD
25 CAD $18.35 USD
50 CAD $36.70 USD

Is CAD going to get stronger?

No one can predict exchange rates with certainty, but the structural drivers suggest CAD faces headwinds in the near term unless the interest rate picture shifts.

Market predictions

Currency analysts watch Bank of Canada policy signals closely for signs of rate changes. If the BoC cuts rates further to stimulate growth, the CAD would likely weaken more. Conversely, if economic data surprises to the upside or the Fed signals rate cuts, the gap could narrow — potentially supporting CAD.

The current rate differential of 150 basis points is substantial by historical standards. Until either the Fed eases or the BoC raises, the incentive to hold USD over CAD remains for yield-seeking investors.

Influencing factors

Several variables could shift CAD’s trajectory: stronger-than-expected Canadian economic growth, a rebound in oil prices, a resolution to trade uncertainties, or changes in risk appetite that benefit commodity-linked currencies.

On the flip side, if the US economy continues outperforming or the Fed delays rate cuts, the USD could strengthen further. The 90-day trading range of 0.7170 to 0.7411 shows there’s room for meaningful swings either direction.

Bottom line: For anyone converting $1,000 CAD to USD today, comparing providers before committing means the difference between receiving ~$734 (XE) or ~$713 (Revolut) — that $21 gap compounds on larger transfers.

How to convert CAD to USD: step by step

If you need to turn Canadian dollars into US dollars, here’s how to approach it efficiently.

  • Check the mid-market rate first. Use XE’s converter to see what the interbank rate is. This is your baseline — any service offering less is adding a markup.
  • Compare at least two providers. Wise and Revolut are popular choices. Input your exact amount (1000 CAD) on each to see the real payout, not just the advertised rate.
  • Factor in transfer fees. Some services charge flat fees per transfer, others take a percentage through the exchange rate margin. Calculate the all-in cost before choosing.
  • Time your transfer. Rates fluctuate daily. If your transfer isn’t urgent, monitor the rate for a few days. Even a 0.005 improvement on $1,000 CAD nets you $5.
  • Verify the final amount. Before confirming, check that the USD you’ll receive matches the quote. Some services adjust rates at settlement.

CAD vs USD: provider comparison

Three major converters tell slightly different stories for the same conversion.

Provider 1 CAD = X USD 1000 CAD = Y USD Spread vs XE Mid-Market Rate Source
XE (mid-market) 0.734061 $734.06 Baseline XE Currency Converter
Wise 0.72894 $728.94 −$5.12 Wise
Revolut 0.71430 $712.76 −$21.30 Revolut

The catch: the advertised rate often differs from what you actually receive at settlement — always confirm the final payout before committing.

Clarity section

What we know for sure

  • XE’s mid-market rate on 2026-04-28: 1 CAD = 0.734061 USD
  • Bank of Canada rate: 2.25% versus US Fed rate: 3.75%
  • CAD/USD 90-day range: 0.7170 to 0.7411
  • Wise converts 1000 CAD to approximately $728.94
  • Revolut’s rate for 1 CAD = 0.71430 USD

What remains uncertain

  • Short-term CAD price direction — predictions vary
  • Specific economic data points triggering recent CAD weakness
  • Exact fees applied to individual transfers beyond the rate margin

What experts and providers say

“Over the last 7 days, CAD to USD moved between 0.7295 and 0.7328. The average was 0.7312 with 0.22% volatility.”

— XE Currency Converter (Financial Data Provider)

“Currency exchange rates rise and fall constantly, so it’s wise to keep an eye out for current market trends.”

— Revolut (Fintech Platform)

Additional sources

revolut.com, revolut.com, revolut.com, revolut.com, xe.com, xe.com, xe.com, xe.com, revolut.com

In addition to 1000 CAD specifics, the CAD USD exchange rate today offers insights into cross-border purchases and investment strategies.

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Frequently asked questions

What is the CAD to USD exchange rate?

As of the latest data, the mid-market rate is approximately 0.734061 USD per CAD, meaning 1 Canadian dollar buys about 73.4 US cents. The exact rate varies by provider and changes throughout the trading day.

How do I convert CAD to USD?

You can convert Canadian dollars to US dollars through online currency converters like XE or Wise, bank wire transfers, currency exchange kiosks, or fintech apps like Revolut. The most cost-effective method is typically through online converters that offer mid-market rates with low transfer fees.

What affects the CAD/USD exchange rate?

The primary drivers are the interest rate differential between the Bank of Canada and the US Federal Reserve, commodity prices (especially oil), economic growth data from both countries, and broader market sentiment toward risk assets.

What is the historical CAD to USD rate?

Over the past 90 days, CAD/USD has ranged from a low of 0.7170 to a high of 0.7411. The 90-day average sits around 0.7295, with relatively low volatility of 0.28%.

Are there fees for CAD to USD transfers?

Yes. Most services charge either a flat fee per transfer, a percentage of the amount, or both. The exchange rate margin itself is a form of fee — Revolut’s rate of 0.71430 versus XE’s 0.734061 represents roughly a 2.7% margin on the mid-market rate.

What is 500 CAD to USD?

At XE’s mid-market rate of 0.734061 USD per CAD, 500 CAD converts to approximately $367.03 USD. At Wise’s rate, it would be roughly $364.47, and at Revolut’s rate, approximately $357.15.

How accurate are online converters?

Online converters like XE, Wise, and Revolut are generally accurate and update in real time, but they show different rates because each service applies its own margin. The mid-market rate shown by XE is the interbank wholesale rate — actual transfers will always receive less.

For anyone regularly moving money between Canada and the United States, the 150 basis-point rate gap between the Bank of Canada and the US Federal Reserve means CAD will likely stay under pressure unless either central bank shifts course. Comparing providers before each transfer is the single most effective way to avoid leaving money on the table — even small rate differences compound on larger conversions.

Related reading: 4300 USD to CAD: Live Exchange Rates from Xe & Wise · CAD to Thai Baht – Current Rate, History & Conversion Guide