CAD To USD Exchange Rate: Current Rate & Where To Exchange Your Currency

by Marc T. Romero Business Consultant, Marketing
What is the current CAD to USD exchange rate and where can you exchange Canadian Dollars for US Dollars? If you want to find out the answer to those questions, then read on. We'll also discuss a few tips for choosing a place that can exchange your currency. 

What's The Current Exchange Rate?

As of now, one Canadian dollar is worth approximately 74 cents. Bear in mind that is what the current rate is at the time of this writing. The currency rates can change a few times per day, but often it's not dramatic changes. This is why it's a good idea to check rates a few times per day.

Remember, there are many things that can affect the exchange rate. This includes political unrest, the overall economy, recent news about business and many other things. When you notice that the exchange rate is in your favor, then you should exchange your currency. 

In the event, like it currently is, that the CAD is weaker than the American Dollar, then keep an eye on exchange rates and exchange it when you believe the rate is stable or increasing in your favor. If you need to exchange your money right away, then find a good place that doesn't charge much. We'll discuss that in greater detail a bit later. 

Where To Exchange CAD To USD?

There are many places where you can exchange CAD for USD, such as at your own bank. They should be able to do it, but it can take a few days or even weeks. The time it takes for the bank to exchange your currency depends on various factors. Generally speaking, it shouldn't take long for your bank to order USD, but some banks do have USD on hand. 

Also, there are businesses that specifically deal with currency exchange. Typically, they are located in airports or in major cities in Canada and the US. Just make note that exchanging your currency at an airport will usually cost more money than doing it elsewhere. 

Tips For Choosing A Place To Exchange CAD For USD

Don't choose just any old place to exchange your CAD for USD. Do a bit of research and find currency exchange businesses in your area or the area you plan on travelling to. You want to compare at least 3-5 places because not all of them are going to have the same fees. You want to get a good rate for your money, and this is why you need to view a few exchange businesses' websites, read reviews on them and then decide where to exchange your CAD for USD.

Now you know what the current CAD to USD exchange rate is, but do make sure you check it regularly because the exchange rate is always changing. The tips we discussed previously should be kept in mind when the time comes to choose a place to exchange your CAD for USD. That is how you'll increase your chances of finding the best exchange it.

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About Marc T. Romero Advanced   Business Consultant, Marketing

38 connections, 0 recommendations, 162 honor points.
Joined APSense since, February 5th, 2016, From Dubai, United Arab Emirates.

Created on May 27th 2019 03:30. Viewed 291 times.


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