The Canadian dollar has strengthened roughly 3.25% over the past year, yet $120 CAD still converts to just $87–$88 USD as of mid-April 2026. Whether you’re wiring money across the border, planning a trip, or benchmarking salaries, the CAD-to-USD rate quietly shapes a lot of financial decisions.

4 related posts

120 CAD to USD: 87.72–87.94 USD · 1 CAD Exchange Rate: 0.731 USD · Historical High (1Y): 0.76 USD · Popular Conversion: 100 CAD = 73.10 USD · Reverse Rate: 1 USD = 1.368 CAD

Quick snapshot

1Confirmed facts
2What’s unclear
  • Exact intraday rate at any given moment without a live API call
  • Bank-specific spreads that may differ from mid-market rates
  • Precise forecast accuracy beyond a few months
3Timeline signal
4What’s next

The table below aggregates verified mid-market benchmarks from multiple Tier 1 and Tier 2 sources for quick reference.

Metric Value Source
120 CAD Equivalent 87.72 USD OFX live rates
1 CAD Rate 0.731 USD Exchange-Rates.org 2026 history
Reverse 1 USD 1.368 CAD Trading Economics USD/CAD pair
2026 Average Rate 0.7278 USD Exchange-Rates.org yearly average
2026 High 0.7411 USD (Jan 29) Exchange-Rates.org peak data
2026 Low 0.7182 USD (Jan 16) Exchange-Rates.org low records
2025 Year-End Rate 0.7157 USD OFX Canada yearly averages
12-Month Change +3.25% Trading Economics 12-month performance

How much is $120 CAD in US dollars?

At the most recent verifiable rate from OFX (April 20, 2026), 1 CAD traded at 0.732864 USD. That puts $120 Canadian at approximately 87.94 USD. The math is straightforward: multiply your CAD amount by the current rate. But the actual number you receive depends heavily on which converter you use—Wise’s mid-market rate recently showed around 0.71 USD per CAD, translating $120 CAD to roughly 85.20 USD, which reflects the difference between mid-market rates and provider-specific fees.

Live rate from Wise

Wise typically displays the interbank or mid-market rate—the one banks use between themselves. Their live converter for $120 CAD has recently hovered near 85.20 USD, reflecting their lower mid-market quote of approximately 0.71 USD per CAD. This rate offers the truest sense of what the currency is actually worth without markup.

Profee calculator

Profee-style calculators add provider margins on top of the mid-market rate. These tools are useful for quick estimates, but always check whether the displayed rate includes transfer fees or represents only the base conversion. The gap between mid-market and final payout can be 1–3% depending on the provider.

Historical chart

Looking at the 2026 trend, CAD hit its weakest point on January 16 at 0.7182 USD before recovering. The January peak of 0.7411 USD shows the currency has been volatile—$120 CAD bought nearly $89 at the year’s best moment but only about $86 at the January trough. The 30-day range from Wise shows highs of 0.7255 and lows of 0.7118 USD per CAD.

The implication: timing your transfer around the year’s range could mean $160+ difference on a $10,000 conversion.

The upshot

Your $120 CAD is worth somewhere between $85 and $88 depending on which rate applies at the moment of conversion, but the spread between providers typically costs you more than waiting for a single-day rate swing.

How much is $1 CAD in US dollars?

The single-unit rate tells you the baseline. Current verified data shows 1 CAD = 0.732864 USD as of April 20, 2026, per OFX’s daily rates. The year 2026 has averaged 0.7278 USD per Canadian dollar, according to Exchange-Rates.org, with a January average of 0.7257 and a February average of 0.7335 USD—the latter reflecting the year’s stronger CAD performance.

Current single unit rate

The most direct way to check current value is through an official source like the Bank of Canada’s daily exchange rates lookup (effective May 1, 2026) or the Federal Reserve’s H.10 historical data. The FRED database from the St. Louis Fed tracks monthly closes and was last updated March 10, 2026, covering data through February 1, 2026.

Daily trends

Daily fluctuations are normal—CAD moved from 0.731516 USD on April 17 to 0.723822 USD on April 9 before the April 20 reading of 0.732864 USD. Revolut has shown 1 CAD = 0.71520 USD recently, while Xe reports live USD/CAD around 1.39356. These minor differences across providers reflect timing, spread margins, and data freshness.

Why this matters

Even a difference of 0.01 USD per CAD compounds. On a $10,000 transfer, that half-cent gap equals $100 in your pocket or theirs.

How much is $100 Canadian in US dollars?

A hundred bucks north of the border converts to roughly $73 US at current rates—$100 CAD × 0.731 = $73.10 USD using the mid-market baseline. The math is simple, but the actual amount you receive varies by platform. xe.com, Wise, and RBC’s converter all use slightly different spreads, which means the same $100 CAD can yield anywhere from $71 to $73.50 depending on where you execute the trade.

100 CAD breakdown

Using OFX’s April 20 rate (0.732864), $100 CAD equals $73.29 USD. Using Wise’s recent mid-market (0.71), you get $71 USD. Using the 2026 average of 0.7278, you land at $72.78 USD. The difference between the year’s average and the current rate is minimal, but the gap between providers can be meaningful if you’re moving larger amounts.

Comparison to other amounts

Scaling up: $500 CAD at the OFX April rate equals $366.43 USD. $1,000 CAD equals $732.86 USD. $10,000 CAD hits $7,328.60 USD. At the January 16 low (0.7182), $10,000 CAD was only worth $7,182 USD—$229 less than at the January peak of 0.7411, which would have yielded $7,411 USD.

What is $200 Canadian in US dollars today?

Double the hundred, roughly double the result: $200 CAD converts to about $146 USD at current mid-market rates. But “about” is doing heavy lifting there. The spread between the best and worst rates this year adds up to roughly $48 on a $10,000 transfer—enough to matter for anyone moving significant volume across the border.

200 CAD conversion

At the April 20 OFX rate (0.732864), $200 CAD = $146.57 USD. At the January 16 low (0.7182), the same $200 CAD bought only $143.64 USD. At the January 29 high (0.7411), you’d have received $148.22 USD—nearly $5 more per $200 than at the year’s weakest moment.

WorldRemit rates

Providers like WorldRemit apply their own conversion margins, which typically run 0.5–2% above mid-market. If WorldRemit’s rate sits at 0.73 instead of 0.7329, your $200 CAD yields $146 USD instead of $146.57 USD—a $0.57 difference that’s negligible for small transfers but compounds at scale.

The catch: the apparent savings from waiting for a better rate often vanish if your provider has a wider spread than you realized.

What to watch

Canadian Dollar weakened 1.77% over the past month as of late April 2026, per Trading Economics. That erosion means your USD buying power has shrunk even if the CAD amount stays the same.

How much is $100 American in Canadian money today?

Flip the equation and $100 USD buys approximately 136.80 CAD at the April 24 rate of 1.3661 USD/CAD. The all-time high for USD/CAD was 1.62 back in January 2002—when one US dollar bought a full 62 cents more Canadian than it does today. For Canadians receiving US funds, that historical contrast frames just how strong the loonie has been in recent cycles.

USD to CAD rate

The direct rate as of late April 2026: 1 USD = 1.3661 CAD. That means $100 USD converts to 136.61 CAD at the current mid-market rate. Using the Trading Economics forecast of USD/CAD at 1.37 within 12 months, that same $100 USD would buy 137 CAD—a modest lift.

Reverse calculator

For those converting USD to CAD, the inverse math applies directly. If you’re sending money from the US to Canada, the amount your recipient gets depends on the same spread dynamics. Some platforms quote USD/CAD while others quote CAD/USD—always confirm which direction you’re calculating before committing to a transfer.

Bottom line: Your $120 CAD is worth roughly $87–$88 USD at mid-April 2026 rates, but that number swings by $5 or more depending on when you convert during the year. Watch the spread between providers: Wise and xe.com typically offer rates closest to mid-market, while bank-specific tools often build in a margin. For anyone moving regular amounts, the timing of transfer matters almost as much as the amount itself.

“The average Canadian Dollar to US Dollar exchange rate in 2026 was 1 Canadian Dollar = 0.7280 US Dollar.”

— Exchange-Rates.org 2026 yearly data

“The USD/CAD exchange rate fell to 1.3661 on April 24, 2026, down 0.24% from the previous session.”

— Trading Economics live currency tracking

Related reading: 56 USD to CAD · CIBC Online Banking

Additional sources

revolut.com, mtfxgroup.com, wise.com, exchangerates.org.uk, xe.com

The dynamics of 120 CAD to USD conversions align closely with those in the 118 USD to CAD converter, driven by the same market rates.

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Frequently asked questions

What is the current exchange rate for 1 CAD to USD?

As of April 20, 2026, 1 CAD = 0.732864 USD per OFX. The 2026 average sits at 0.7278 USD per CAD. Check current rates via the Bank of Canada or Wise for live updates.

How does CAD to USD rate change daily?

The rate shifts based on currency market trading, economic data releases, and monetary policy signals from the Bank of Canada and Federal Reserve. In 2026, daily rates have ranged from 0.7182 to 0.7411 USD per CAD, showing volatility of about 3.2% within a single year.

What is 150 CAD in USD?

At the April 20 rate of 0.732864, 150 CAD converts to approximately 109.93 USD. Using Wise’s recent mid-market of 0.71, the same 150 CAD equals roughly 106.50 USD. The difference underscores why comparing providers before transferring matters.

Is USD stronger than CAD?

Yes, at roughly 0.73 USD per CAD, the US dollar is stronger. However, CAD has gained 3.25% over the past 12 months, narrowing the gap. The all-time USD/CAD high was 1.62 in January 2002—when the US dollar bought significantly more Canadian currency than it does today.

What is 20,000 CAD worth in USD?

At the April 20 rate (0.732864), 20,000 CAD equals 14,657.28 USD. At the year’s high (0.7411), that same 20,000 CAD bought 14,822 USD—$165 more. At the January 16 low (0.7182), it was only 14,364 USD.

How to get the best CAD to USD rate?

Use mid-market rate platforms like Wise, xe.com, or OFX rather than banks, which typically apply wider spreads. Compare rates across at least three providers before transferring. For large transfers, even a 0.5% improvement can mean hundreds of dollars saved.

What affects the CAD USD exchange?

Key drivers include Bank of Canada and Federal Reserve interest rate decisions, oil prices (Canada is a major exporter), US-Canada trade policy, inflation differentials, and broader risk sentiment. Economic data releases and central bank guidance can move rates by 0.5–1% in a single session.

For investors and cross-border workers tracking the CAD-USD relationship, the stakes are concrete: a 3-cent swing per dollar on a $50,000 transfer equals $1,500 in your pocket or theirs. The best move is to check mid-market rates from Wise or OFX before committing, and to time larger transfers when the rate is near the annual average rather than the trough.