CAD to USD Exchange Rate Calculator
This calculator helps you quickly convert Canadian Dollars (CAD) to United States Dollars (USD) based on the current exchange rate.
Understanding CAD to USD Exchange Rates
The exchange rate between the Canadian Dollar (CAD) and the United States Dollar (USD) fluctuates constantly due to various economic factors. These factors include interest rate differentials, inflation rates, trade balances, political stability, and global economic sentiment. When you convert CAD to USD, you are essentially exchanging one currency for another at a specific market rate.
How it works: To convert Canadian Dollars to United States Dollars, you multiply the amount in CAD by the current CAD to USD exchange rate. For example, if you have 100 CAD and the exchange rate is 0.73 (meaning 1 CAD equals 0.73 USD), you would calculate the USD amount as 100 * 0.73 = 73 USD.
Factors Influencing the Rate:
- Economic Performance: Stronger economic growth in Canada relative to the U.S. can strengthen the CAD, while weaker growth can weaken it.
- Interest Rates: Higher interest rates in Canada compared to the U.S. can attract foreign investment, increasing demand for CAD and thus its value.
- Commodity Prices: As Canada is a major exporter of oil and other commodities, fluctuations in global commodity prices can significantly impact the CAD.
- Trade: The significant trade relationship between Canada and the U.S. means that trade policies and volumes heavily influence the exchange rate.
Monitoring these factors can help you understand why the exchange rate moves and potentially make more informed decisions when performing currency conversions.
function calculateUsd() {
var cadAmount = parseFloat(document.getElementById("cadAmount").value);
var exchangeRate = parseFloat(document.getElementById("exchangeRate").value);
var resultDiv = document.getElementById("result");
if (isNaN(cadAmount) || isNaN(exchangeRate) || cadAmount < 0 || exchangeRate < 0) {
resultDiv.innerHTML = "Please enter valid positive numbers for both amounts.";
return;
}
var usdAmount = cadAmount * exchangeRate;
resultDiv.innerHTML = "
Result:
" + usdAmount.toFixed(2) + " USD";
}
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