The exchange rate between the US Dollar (USD) and the Canadian Dollar (CAD) is a critical factor for individuals and businesses involved in international trade, travel, and investment between the two countries. It represents how much one currency is worth in terms of the other.
When you convert USD to CAD, you are essentially determining how many Canadian Dollars you will receive for a specific amount of US Dollars, based on the prevailing market rate. This rate fluctuates constantly due to various economic factors, including interest rates, inflation, political stability, trade balances, and market speculation.
Our calculator simplifies this process. By entering the amount of US Dollars you wish to convert and the current exchange rate, you can quickly see the equivalent amount in Canadian Dollars. For example, if you have $100 USD and the exchange rate is 1 USD = 1.37 CAD, you would multiply $100 by 1.37 to get $137 CAD. This tool is invaluable for planning trips, making purchases, or managing financial transactions across the border.
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) || usdAmount < 0 || exchangeRate < 0) {
resultDiv.textContent = "Please enter valid positive numbers for USD amount and exchange rate.";
return;
}
var cadAmount = usdAmount * exchangeRate;
resultDiv.textContent = usdAmount.toFixed(2) + " USD is equal to " + cadAmount.toFixed(2) + " CAD";
}