You might already know that the two leading countries in North America – the United States and Canada – share the longest international land border between two countries. The border is officially known as the International Boundary and stretches almost 9,000 kilometers (5,500 miles). You probably also knew that the two countries economies have a very close relationship thanks to their physical proximity to each other.
But you might not be aware that USD and CAD is one of the world’s most traded currency pairs. In fact, during 2016 the US dollar to Canadian dollar exchange rate was the sixth most bought and sold pair on the forex market just after USD/CHF and EUR/JPY.
The two countries have world leading economies and since their currencies have such a close relationship with each other many experts use the exchange rate between USD and CAD to try and predict how the market will move.
USD and CAD are also two of the world’s reserve currencies meaning they have a huge impact on the global market. Both currencies have actually been used to stabilize other currencies and economies on several different occasions.
Convert USD to CAD
You first need to convert USD to CAD in order for you to invest in the US dollar to Canadian dollar currency pair. By doing so you can get a good idea of how the two currencies usually act with one another.
To convert USD to CAD you need to use a so called currency converter. Luckily enough for you, we offer one of the best, slickest, and most professional currency converter on the market. It is perfect to use to convert 1 USD to CAD or any other world currency. Click here to go straight to the converter.
Thanks to the two countries’ shared border, tourism has become one of the main reasons why people convert the US dollar to the Canadian dollar. Every year millions of people cross the International Boundary and all of these people must use a currency converter at some point. Without first converting the currencies, people wouldn’t know how much the products and services cost in the other country’s currency.
We assume that you’ve ended up on this page because you have an interest in converting the US dollar and Canadian dollar. And if that’s the case, we recommend that you continue onto our currency converter so that you can start converting USD to CAD.