If you’ve been watching the loonie lately, you already know the Canadian dollar has had a tough year against its U.S. counterpart. The USD/CAD pair has swung between roughly 1.35 and 1.41 over the past six months, and right now sits near the lower end of that range. That makes this a useful moment to check exactly what your U.S. dollars are worth — whether you’re planning a cross-border purchase, wiring funds to a Canadian account, or just settling a bill.

4 related posts

115 USD to CAD: 156.18 CAD · USD/CAD Rate: 1.3581 · 115 USD Alternate: 156.98 CAD · 1 USD to CAD: 1.36 CAD · 1 CAD to USD: 0.74 USD

Quick snapshot

1Confirmed facts
2What’s unclear
  • Near-term rate direction remains uncertain given oil price volatility
  • Impact of upcoming Bank of Canada decisions on CAD strength
3Timeline signal
  • 30-day high was 1.3958 (Wise)
  • 30-day low was 1.3739 (Wise)
  • Rate traded at 1.377607 on April 30, 2026 (OFX)
4What’s next
  • CAD expected to trade near 1.36 by end of Q2 2026 (Trading Economics)
  • Oil price movements will likely drive near-term CAD direction (Trading Economics)
Label Value
115 USD Equals 156.18 CAD
Exchange Rate 1.3581 USD/CAD
Mid-Market Rate 156.18 CAD
CAD 12-Month Change +1.07%
30-Day Trading Range 1.3739 – 1.3958
All-Time High 1.62 (January 2002)

115 USD to CAD Today

At the current exchange rate of 1.3581 as of May 1, 2026, 115 U.S. dollars converts to approximately 156.18 Canadian dollars. This rate, sourced from Trading Economics, reflects the mid-market rate — the one banks use when trading with each other. When you actually exchange money through a bank or remittance service, you’ll typically get a less favorable rate to cover their fees.

“The difference between the best and worst rate across major providers can cost you $2–$5 on a $115 conversion. Checking two or three sources before you exchange saves real money.”

Live Rate from Providers

Different platforms report slightly different rates depending on when they refresh their data and what margin they apply. Wise currently shows approximately 1.37, while Revolut lists around 1.35820. CurrencyRate reports 1.3734, and Xe shows 1.3577 for the mid-market rate.

Why this matters

Checking multiple providers before exchanging money pays off — even small rate differences add up on conversions of this size.

Quick Conversion Table

115 USD converts to between 156.2 and 157.9 CAD depending on which rate you apply, but the bulk of reputable sources cluster around 156–157 CAD at current rates.

Amount (USD) CAD at 1.36 CAD at 1.37
100 USD 136.00 CAD 137.00 CAD
110 USD 149.60 CAD 150.70 CAD
115 USD 156.40 CAD 157.55 CAD
120 USD 163.20 CAD 164.40 CAD
125 USD 170.00 CAD 171.25 CAD
150 USD 204.00 CAD 205.50 CAD

How Much is 1 USD to CAD?

The current 1:1 rate sits at approximately 1.3581 USD/CAD, meaning one U.S. dollar buys roughly 1.36 Canadian dollars. This rate fluctuates constantly based on economic data, commodity prices, and central bank policy on both sides of the border. The OFX historical data shows the rate has moved between 1.365 and 1.378 over the past six months, reflecting a relatively stable but occasionally volatile market.

Current 1:1 Rate

Based on Trading Economics data from May 1, 2026, the USD/CAD pair traded at 1.3581, up 0.04% from the previous session. The Canadian dollar has actually strengthened 2.43% over the past month, even as the U.S. dollar has gained 5.56% over the past year overall.

“The pair traded as high as 1.4114 on November 25, 2025, and as low as 1.35635 on May 1, 2026 — showing the 30-day range of 1.3739 to 1.3958 that Wise tracks,” according to Wise historical data.

Steps to Convert

Converting USD to CAD takes three steps: find the current mid-market rate, multiply your USD amount by that rate, then account for any fees your provider adds. For $115 USD, the math is straightforward — 115 × 1.3581 = 156.18 CAD at the mid-market rate. Online calculators on Wise, Revolut, or Xe handle the calculation automatically.

  1. Find the current mid-market rate from a trusted source like Trading Economics or Wise
  2. Multiply your USD amount by that rate (e.g., 115 × 1.3581 = 156.18 CAD)
  3. Subtract any fees or margins your provider charges to get your actual payout

How Much is 1 CAD to USD?

Working the math in reverse, 1 Canadian dollar buys approximately 0.74 U.S. dollars at the current rate. This inverse rate is useful if you’re pricing goods in CAD and want to know the USD equivalent, or if you’re sending money from Canada to the United States. The CurrencyLive analysis notes that one year ago, 115 USD bought 155.02 CAD — meaning the Canadian dollar has gained value relative to the U.S. dollar over the past 12 months in terms of outright purchasing power, though the USD has still strengthened by 5.56% in nominal terms.

Reverse Exchange Rate

To find the inverse rate, divide 1 by the USD/CAD rate: 1 ÷ 1.3581 = 0.7358. Rounded for practical use, that’s 0.74 USD per CAD. Wise’s converter confirms this inverse relationship, showing that 1 CAD converts to approximately 0.73–0.74 USD depending on the exact rate applied.

Is CAD Stronger than USD Now?

No — the U.S. dollar remains stronger than the Canadian dollar in current trading. For every U.S. dollar you hold, you get more than one Canadian dollar back. The USD has gained 5.56% against the CAD over the past year according to CurrencyLive. However, the Canadian dollar did strengthen 2.43% over the past month, suggesting the gap may be narrowing in the short term.

Current Strength Analysis

The USD’s dominance reflects several factors: higher U.S. interest rates, stronger U.S. economic growth, and the U.S. dollar’s status as the world’s reserve currency. But the Trading Economics forecast suggests the Canadian dollar may recover toward 1.36 by the end of Q2 2026, narrowing the gap. The pair traded as high as 1.4114 on November 25, 2025 per Wise historical data, and as low as 1.35635 on May 1, 2026 — showing the 30-day range of 1.3739 to 1.3958 that Wise tracks.

Why is CAD So Weak Against USD?

The Canadian dollar’s weakness stems from a combination of economic and geopolitical factors that have weighed on the currency for months. Oil prices, which typically drive CAD movements, have been volatile. The Bank of Canada’s more cautious stance on interest rate hikes compared to the U.S. Federal Reserve has also narrowed the yield differential, reducing CAD’s attractiveness to investors.

Key Factors

Three main forces drive USD/CAD movements. First, the interest rate differential — when U.S. rates exceed Canadian rates, capital flows toward USD, weakening CAD. Second, commodity prices — Canada is a major oil exporter, and lower oil prices reduce CAD demand. Third, economic growth differentials — stronger U.S. GDP growth supports USD strength. The Trading Economics data shows the 30-day average rate was 1.3807, above the current 1.3581, suggesting CAD has recovered some ground recently.

Historical Context

The USD/CAD pair reached an all-time high of 1.62 in January 2002 according to Trading Economics. The historical average, based on OFX data, sits around 1.35–1.37 for normal conditions. The current rate of 1.3581 is slightly below the 30-day average of 1.3807, indicating recent CAD strength. Monthly snapshots from OFX show the rate trading at 1.3786 (December 2025), 1.377931 (January 2026), 1.365178 (February 2026), and 1.372518 (March 2026) — reflecting seasonal and policy-driven fluctuations throughout the year.

The upshot

If you’re converting USD to CAD today, you benefit from USD strength — your dollars buy more loonies than they did a year ago. For Canadians buying U.S. assets, this is a headwind. For Americans spending in Canada, it’s a discount.

Related reading: $40 USD to CAD live rates

Additional sources

revolut.com, wise.com, canamcurrencyexchange.com, xe.com, currencyconvert.online

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Frequently Asked Questions

How often do USD to CAD rates change?

The USD/CAD rate updates continuously during weekday trading sessions. Major movements typically occur around economic data releases — U.S. jobs reports, Canadian GDP numbers, and central bank announcements. The rate can shift 0.5% or more in a single volatile session.

Where to get the best 115 USD to CAD rate?

For small-to-medium transfers, Wise and Revolut typically offer rates closest to the mid-market rate. Banks and currency exchange kiosks add larger margins. Wise and Revolut show real-time rates without markup.

What factors influence CAD value?

Oil prices are the dominant factor — Canada exports millions of barrels daily. Interest rate differentials between the Bank of Canada and U.S. Federal Reserve also matter significantly. Trade balances, GDP growth, and political stability round out the picture. Trading Economics tracks all these indicators.

How to exchange USD for CAD physically?

You can exchange at banks, currency kiosks, or airport exchange counters. Banks offer convenience but often add 2–5% to the exchange rate. Kiosks may appear cheaper but frequently charge higher fees. For better rates, order currency online from your bank 1–2 days ahead or use a peer-to-peer platform.

Is now a good time to convert USD to CAD?

The current rate of 1.3581 is near the lower end of the 30-day range (1.3739–1.3958). If you need CAD now, today is reasonably favorable. The Trading Economics forecast projects the pair near 1.36 by Q2 2026 — suggesting modest further CAD strength, which could make waiting marginally beneficial.

What is the historical low for USD/CAD?

The pair hit an all-time low for USD (meaning highest CAD value) in 2007 when CAD reached near-parity with USD around 0.92 USD/CAD. The all-time high for USD (meaning weakest CAD) was 1.62 in January 2002 per Trading Economics. The current 1.3581 sits well below that historical peak.

How does oil affect CAD strength?

Oil is Canada’s largest export. When oil prices rise, demand for CAD increases, strengthening the loonie. When oil falls, CAD weakens. This correlation isn’t perfect — other factors like interest rates and risk sentiment also influence the pair — but oil explains much of CAD’s short-term volatility.