major pair · USD/CAD
US Dollar to Canadian Dollar: the daily ECB reference rate, a historical chart, pair specification and what drives each currency.
1.39350
-0.00400 (-0.29%)
1 USD = 1.39350 CAD · 1 CAD = 0.71762 USD · previous 1.39750 on 3 Nov 2026
USD/CAD ECB reference rate, 4 Nov 2025 to 4 Nov 2026: from 1.40790 to 1.39350 (down 1.02%). High 1.42620 on 8 Oct 2026, low 1.35240 on 29 Jan 2026.
256 daily observations · 4 Nov 2025 – 4 Nov 2026
Latest rate within the 12-month range
The latest rate sits at 56% of the 12-month low-to-high range.
Calculated from daily ECB reference rates — closing-type snapshots, not intraday highs and lows.
Understanding the pair
In USD/CAD the US Dollar is the base currency and the Canadian Dollar is the quote currency. The rate tells you how many CAD one USD buys, so a rising USD/CAD means the US Dollar is strengthening against the Canadian Dollar.
USD/CAD is a major pair: it combines the US dollar with another heavily traded currency, which usually means deep liquidity and some of the tightest spreads in the market.
Prices are quoted to 5 decimal places here. One pip is 0.0001, so on a standard lot of 100,000 USD a one-pip move is worth 10 CAD — use the pip calculator to convert that into your account currency.
Both currencies are most actively traded during the New York (08:00–17:00 New York time) session. See live session times on the market hours clock.
The world's main reserve and invoicing currency. The BIS 2022 Triennial Survey found the dollar on one side of about 88% of all FX trades, so US interest-rate expectations and risk sentiment ripple through almost every pair.
Central bank: Federal Reserve
Canada is a major crude-oil exporter with deep trade ties to the United States, so the loonie is often linked to oil prices and to the US economic cycle.
Central bank: Bank of Canada
USD/CAD shows how many Canadian Dollar (CAD) one US Dollar (USD) buys. USD is the base currency and CAD is the quote currency. If the rate rises, the US Dollar has strengthened against the Canadian Dollar.
No. It is derived from the euro foreign exchange reference rates published by the European Central Bank once per working day around 16:00 CET. It is useful for reference, budgeting and calculator inputs, but it is not an executable trading quote — a broker's bid and ask will differ.
By convention one pip in USD/CAD is 0.0001 because the pair is quoted in CAD. On a standard lot of 100,000 USD, a one-pip move is worth 10 CAD. Brokers may quote an extra decimal (a pipette).
Both currencies have their home market in the New York (08:00–17:00 New York time) session, so liquidity is typically deepest then. The pair still trades around the clock from Sunday evening to Friday evening (New York time).
Educational information only, not investment advice. Trading leveraged currency products carries a high risk of losing money.