USD to CAD: What Drives the Exchange Rate and Why It Matters to You
The exchange rate between the US Dollar (USD) and the Canadian Dollar (CAD) is more than just a number — it’s a reflection of economic forces, geopolitical dynamics, and market sentiment. Whether you’re a frequent traveler, a cross-border business owner, or someone sending money to family in Canada, understanding what drives the USD to CAD exchange rate can help you make smarter financial decisions. Press enter or click to view image in full size In this blog, we’ll explore the key factors that influence the USD to CAD rate, why it fluctuates, and how it impacts your daily life. And if you’re looking for the best rates and expert guidance, Interchange Financial is your go-to resource. 🌍 What Is the USD to CAD Exchange Rate? The USD to CAD exchange rate tells you how many Canadian dollars you’ll get for one US dollar. For example, if the rate is 1.35, then $1 USD equals $1.35 CAD. This rate is constantly changing due to a variety of factors, and even small shifts can have bi...