what is the CAD to USD exchange rate?

[emamabd]

Hello all,

I know this might sound a silly question as the answer should be readily available in google search, i've already done that and the exchange rate online is shown as: 1 CAD = 1.004 USD,

The reason why i'm asking is because i have a neighbour in my country who recently arrived home from a short visit to canada and told me that at Toronto airport Exchange she was offered only 80 CAD in exchange for a 100USD - so i just want to be sure if this is true or not? Are there any hidden exchange charges or so?

I'd like to get an answer from someone currently living in canada - as i'm planning for the landing trip soon and i'm bringing in my money in USD since we don't have access to CAD in my home country...and the USD to CAD exchange rate is critical in securing the required POF.

 

[alexchristi]

At any airport in the world you will get the worst exchange rate in that country.
You must go at a bank to get a decent rate.

 

[scylla]

This is a good site for determining the current exchange rate:

http://www.oanda.com/currency/converter/

Keep in mind that you will never actually get the above exchange rate since any bank or other exchange institution will always charge a bit of a premium for exchanging your money. I agree that airports are the absolute worst place to exchange your money - the exchange rates offered are very poor.

The Canadian dollar and US dollar are almost at par (i.e. almost 1 for 1). This means that some days US dollars are worth more and other days Canadian dollars are worth more. My husband and I move currency from US to Canadian dollars and back regularly. You just have to watch and wait until exchange rates are in your favour and then move your money from one currency to the other.