This calculator helps you convert US Dollars (USD) to Canadian Dollars (CAD) based on the current exchange rate.
Understanding Exchange Rates
Currency exchange rates fluctuate constantly due to various economic and political factors. The rate between the US Dollar (USD) and the Canadian Dollar (CAD) is influenced by trade between the two countries, interest rate differentials set by the central banks (Federal Reserve and Bank of Canada), commodity prices (especially oil, as Canada is a major exporter), and overall market sentiment.
When you convert USD to CAD, you are essentially buying CAD with USD. The exchange rate tells you how many units of the target currency (CAD) you get for one unit of the source currency (USD). For example, if the exchange rate is 1.35, it means 1 USD is equal to 1.35 CAD. To convert a specific amount of USD to CAD, you multiply the USD amount by the exchange rate.
This calculator uses a simple multiplication formula: Amount in CAD = Amount in USD × Exchange Rate (USD to CAD). Always ensure you are using a recent and reliable exchange rate for accurate conversions.
function calculateCAD() {
var usdAmountInput = document.getElementById("usdAmount");
var exchangeRateInput = document.getElementById("exchangeRate");
var resultDiv = document.getElementById("result");
var usdAmount = parseFloat(usdAmountInput.value);
var exchangeRate = parseFloat(exchangeRateInput.value);
if (isNaN(usdAmount) || isNaN(exchangeRate)) {
resultDiv.textContent = "Please enter valid numbers for both amount and exchange rate.";
resultDiv.style.color = "red";
return;
}
if (usdAmount < 0 || exchangeRate <= 0) {
resultDiv.textContent = "Amount must be non-negative and the exchange rate must be positive.";
resultDiv.style.color = "red";
return;
}
var cadAmount = usdAmount * exchangeRate;
resultDiv.textContent = usdAmount.toFixed(2) + " USD is equal to " + cadAmount.toFixed(2) + " CAD";
resultDiv.style.color = "green";
}