Compare Exchange Rates:
Know What the Best Exchange Rate Looks Like
Benchmark the exchange rate market with Pound Sterling Live's custom currency rate comparison tool with built-in algorithms to find the best rates in the market.
Why
Banks and financial institutions buy and sell currency from each other - these sizeable institutions are 'the market' and the rate they transact at is the 'market rate'. The difference between how much a currency is purchased and sold is the spread, which is essentially the difference between the buy and sell price.
But, when currency is sold by banks to retail customers that spread widens significantly and the profit on the transaction is therefore substantially larger.
Therefore when we focus on the transfer fee when sending money abroad we often miss the biggest cost: the exchange rate spread.
Foreign exchange providers have essentially recognised this and they enter the market to transfer money at tighter spreads, thereby saving potentially significant amounts of money for their clients simply by providing better exchange rates.
For example, the transfer of £100K into euros is expected to attract a rate that delivers between €112,480 and €113,296 with the UK's leading high street banks. But FCA authorised providers will provide a rate that delivers between €115,510 and €115,740 (using rates on 05/07/21).
Taking the time to work with a FCA regulated currency provider could therefore result in the delivery of an extra euros amount of between €2444 and €3030.
Safety is Everything
Pound Sterling Live only works with foreign exchange payment companies that are FCA Authorised. This is important: FCA regulations and oversight requires the money they transfer on your behalf to be protected through a process known as 'safeguarding'. Safeguarding requires the payments company to keep your money separate from their own money in a top-tier bank. Therefore if the provider comes under stress your money should be protected.
FAQs
Live rate: 1 USD = 1.3589 CAD ( +0.01% )
What is the best dollar to Canadian exchange rate today? ›
The exchange rate for US dollar to Canadian dollars is currently 1.360 today, reflecting a 0.236% change since yesterday. Over the past week, the value of US dollar has remained relatively stable, with a 0.447% increase compared to its value 7 days ago.
How much is $100 US in Canadian today? ›
US Dollars to Canadian Dollars: exchange rates today
| USD | CAD |
|---|
| 100 USD | 135.55 CAD |
| 250 USD | 338.87 CAD |
| 300 USD | 406.65 CAD |
| 500 USD | 677.75 CAD |
8 more rowsThe best Canadian dollar exchange rate right now is 1.7381 from Travel FX.
Where to get best Canadian exchange rate? ›
The best places for you to exchange your money are banks, post offices, border crossings and American Express locations. The worst places that you can exchange your money are airports, train stations and tourist areas. Exchange rates will vary so always call around or search online to find the best rates.
What is the cheapest way to convert USD to CAD? ›
Exchange at a bank or credit union before your trip: Visiting your local bank is likely the most cost-effective way to convert currency. Since you already have an existing relationship with them, they'll give you the best exchange rates and charge you the fewest fees.
Is it better to exchange US dollars in Canada? ›
One of the best ways to save money on your trip is to avoid paying currency exchange fees. These fees can eat into your holiday savings. Businesses who accept USD will set their own exchange rate and this usually won't be in your favour.
Which bank has the best exchange rate for US dollars? ›
Comparing Our Rates With the Big Five Banks
| Retailer | USD |
|---|
| Sell | Buy |
| Royal Bank of Canada | 1.2856 | 1.2167 |
| TD Bank | 1.2927 | 1.2191 |
| Scotiabank | 1.2892 | 1.2202 |
3 more rowsUS Dollar to Canadian Dollar Exchange Rate (I:USDCDENK)
US Dollar to Canadian Dollar Exchange Rate is at a current level of 1.357, up from 1.356 the previous market day and down from 1.358 one year ago. This is a change of 0.07% from the previous market day and -0.06% from one year ago.
What is the exchange rate for $100 Canadian to US? ›
Canadian Dollars to US Dollars conversion rates
| CAD | USD |
|---|
| 100 CAD | 73.60 USD |
| 500 CAD | 368.02 USD |
| 1,000 CAD | 736.05 USD |
| 5,000 CAD | 3,680.29 USD |
7 more rowsThough this currency is widely accepted at retailers, hotels, and border crossings, smaller rural areas prefer the local currency and do not accept USD. Hence, you need to use the Canadian official currency for your local cab fare, laundromats and other things.
What is a good US to Canada exchange rate? ›
The best rate to send Canadian Dollar from US Dollar to your loved ones in Canada is currently offered by Regency FX; their 1 USD to CAD exchange rate today is 1.3557. Rutland FX offers the next most competitive US Dollar to Canadian Dollar exchange rate today (currently 1 USD = 1.3546 CAD).
Where can I get the best exchange rate for US dollars? ›
Online travel money suppliers usually have better US dollar rates than high street exchanges, but supermarkets are a good compromise if you want to collect your currency in person and still get a decent rate.
What is a good exchange rate for Canadian to US dollars? ›
We have compared a number of currency providers and note Wise offers the best rate of 0.7317 for currency travel cards. But be aware that they charge a fee (consult the table below). Horizon Currency provides the best U.S. Dollar rate for transfers, with an indicative quote of 0.7317.
What is the best day to exchange USD to CAD? ›
Typically, the least busy times of the week are Mondays, mid-week and the weekend (excluding Friday). These days have the lowest number of transfers in the week, so you might expect to see less fluctuation in the mid-market rate.
Is it a good time to buy Canadian dollars? ›
The best time you can buy Canadian Dollar is when it is convenient and you are happy with the service and rate. We recommend not leaving it too late to buy your Canadian Dollar if you are travelling. Over the last 7 days the GBP to CAD market rate has averaged 1.7775 with a high of 1.7831 and a low of 1.7705.
Who is offering the best exchange rate for dollars? ›
What is the best US dollar exchange rate? The best US dollar exchange rate right now is 1.2966 from Travel FX. This is based on a comparison of 17 currency suppliers and assumes you were buying £750 worth of US dollars for home delivery. Where can I get the best US dollar exchange rate?
