Estimate your currency conversion based on current TD Bank rates.
Enter the amount of US Dollars you wish to sell.
Enter the current "Non-Cash" or "Cash" rate from the TD website. Default is an estimate.
USD Amount:–
Exchange Rate Used:–
Total CAD Received:–
Understanding TD Bank USD to CAD Exchange Rates
When converting US Dollars (USD) to Canadian Dollars (CAD) through TD Bank (Toronto-Dominion Bank), the amount you receive depends heavily on the specific exchange rate applied to your transaction. Unlike the "mid-market" rate often seen on Google or news sites, banks apply a "client rate" which includes a spread to cover costs and generate profit.
This TD Exchange Rate USD to CAD Calculator helps you estimate the final Canadian Dollar amount you will receive based on the specific rate offered for your transaction type.
How to Find the Correct Input Rate
TD offers different exchange rates depending on how the transaction is processed. To get the most accurate result from the calculator above, you should input the rate corresponding to your specific activity:
Non-Cash Rate: Used for electronic transfers, wire transfers, and converting funds between USD and CAD accounts within online banking (EasyWeb). This rate is typically better than the cash rate.
Cash Rate: Used when you are physically exchanging paper currency (banknotes) at a branch teller. This rate often has a wider spread.
Border/Credit Card Rate: If you are using a TD credit card for a purchase in USD, the conversion rate is determined by the network (Visa/Mastercard) plus a foreign transaction fee (usually around 2.5%).
Calculation Formula
The math behind the conversion is straightforward once you have the correct bank rate. The formula used in this tool is:
Total CAD = Amount (USD) × Exchange Rate
For example, if you are converting $1,000 USD and the TD Non-Cash buying rate is 1.3450:
$1,000 × 1.3450 = $1,345.00 CAD
Factors That Affect Your Rate
Several factors influence the rate TD will offer you:
Market Volatility: The global forex market changes every second. Bank rates are updated frequently to reflect these shifts.
Transaction Amount: For very large transactions (usually over $50,000 or $100,000), you may be able to contact the TD Foreign Exchange desk directly to negotiate a rate closer to the mid-market level.
Account Type: Clients with specific cross-border banking packages or U.S. Dollar accounts may have access to preferential rates or waived transaction fees.
Using the Borderless Plan
If you frequently convert USD to CAD, TD offers the U.S. Dollar Daily Interest Chequing Account or the Borderless Plan. These accounts allow you to hold USD directly, avoiding the need to convert funds for every transaction. This is particularly useful for snowbirds, frequent travelers, or those paid in US currency, as it allows you to wait for a favorable exchange rate before converting your funds to Canadian dollars.
Disclaimer: This calculator is for informational and estimation purposes only. It is not directly connected to TD Bank's live systems. Exchange rates fluctuate constantly. Please verify the actual rate at a TD branch or via EasyWeb/WebBroker before finalizing any transaction.
function calculateConversion() {
// 1. Get input values
var usdInput = document.getElementById('usdAmount').value;
var rateInput = document.getElementById('exchangeRate').value;
// 2. Parse values to floats
var usd = parseFloat(usdInput);
var rate = parseFloat(rateInput);
// 3. Validation
if (isNaN(usd) || usd < 0) {
alert("Please enter a valid positive USD amount.");
return;
}
if (isNaN(rate) || rate <= 0) {
alert("Please enter a valid positive exchange rate.");
return;
}
// 4. Calculate CAD Total
var cadTotal = usd * rate;
// 5. Format numbers for display (Currency formatting)
var usdFormatter = new Intl.NumberFormat('en-US', {
style: 'currency',
currency: 'USD',
minimumFractionDigits: 2
});
var cadFormatter = new Intl.NumberFormat('en-CA', {
style: 'currency',
currency: 'CAD',
minimumFractionDigits: 2
});
// 6. Display Results
document.getElementById('resUsdAmount').innerHTML = usdFormatter.format(usd);
document.getElementById('resRate').innerHTML = rate.toFixed(4); // Rates usually shown to 4 decimals
document.getElementById('resCadTotal').innerHTML = cadFormatter.format(cadTotal);
// 7. Show the results section
document.getElementById('resultsSection').style.display = 'block';
}