Convert USD to CAD – Currency Converter
Quickly convert USD amounts to CAD using a specified exchange rate. This tool uses the rate you provide (CAD per USD) and optionally applies percentage and fixed fees to show gross and net CAD values.
For accounting, tax reporting, or audits use published central bank rates or your bank/provider's guaranteed rate; this calculator is intended for estimates, reconciliation, and scenario planning.
Governance
Record 7562ba5b03ca • Reviewed by Fidamen Standards Committee
Inputs
Results
Converted amount (CAD)
$135.00
Estimated fees (CAD)
$0.00
Net received (CAD)
$135.00
| Output | Value | Unit |
|---|---|---|
| Converted amount (CAD) | $135.00 | CAD |
| Estimated fees (CAD) | $0.00 | CAD |
| Net received (CAD) | $135.00 | CAD |
Visualization
Methodology
This calculator applies a direct multiplication of the USD amount by the exchange rate to compute the gross CAD amount. Fees can be applied as a percentage of the converted CAD amount and/or as a fixed CAD fee. Results are presented in CAD and rounded to conventional currency precision.
Rounding and displayed precision follow ISO and common financial practice (two decimal places for CAD). For formal reporting, use central bank or audited rate sources; the Bank of Canada publishes official reference rates and methodological notes.
Worked examples
Example: 100 USD at 1.35 CAD/USD → Gross = 135.00 CAD. With 2% fee (2.70 CAD) and 0.00 fixed fee → Net = 132.30 CAD.
Example: 1,000 USD at 1.25 CAD/USD with 1.5% fee and 5 CAD fixed fee → Gross = 1,250.00 CAD; Fee = 18.75 + 5.00 = 23.75 CAD; Net = 1,226.25 CAD.
F.A.Q.
Where do I get a reliable exchange rate?
Authoritative published rates are available from central banks and official statistical agencies. For Canada, consult the Bank of Canada exchange rates or the official market data used for accounting and reconciliation.
Does this tool include the bank or provider spread?
No. This calculator uses the exchange rate you enter and shows fees you specify. Actual provider rates typically include a spread and may differ from published mid-market rates; include those costs by adjusting the rate or adding fees.
What precision should I use for reporting?
Use two decimal places for CAD in everyday accounting. For high-value reconciliations, keep internal calculations at higher precision (four or more decimal places) and round only for presentation, following ISO guidance for currency reporting.
Can I use this for tax or regulatory reporting?
This tool provides estimates. For tax filings, audited financial statements, or regulatory reports, use official rates and documented methodologies from relevant authorities and keep original source records.
How are percentage and fixed fees applied?
Percentage fees are applied to the converted gross CAD amount. Fixed fees are added in CAD after conversion. Both are subtracted from gross to produce net CAD received.
Does the calculator fetch live market rates?
Not in this standalone calculator. To use live rates, integrate with an API from a central bank or market data provider and supply the rate into the exchange rate field.
Sources & citations
- Bank of Canada — Exchange rates and currency converter — https://www.bankofcanada.ca/rates/exchange/
- ISO 4217 — Currency codes and minor units — https://www.iso.org/iso-4217-currency-codes.html
- NIST Special Publication 811 — Guide for the Use of the International System of Units (SI) — https://www.nist.gov/pml/special-publication-811
- Bank for International Settlements — Foreign exchange market resources — https://www.bis.org
- U.S. Department of the Treasury — Policy and market information — https://home.treasury.gov
- MIT OpenCourseWare — Introductory finance and exchange rate concepts — https://ocw.mit.edu
Further resources
Versioning & Change Control
Audit record (versions, QA runs, reviewer sign-off, and evidence).
Record ID: 7562ba5b03caWhat changed (latest)
v1.0.0 • 2025-11-16 • MINOR
Initial publication and governance baseline.
Why: Published with reviewed formulas, unit definitions, and UX controls.
Public QA status
PASS — golden 25 + edge 120
Last run: 2026-01-23 • Run: golden-edge-2026-01-23
Versioning & Change Control
Audit record (versions, QA runs, reviewer sign-off, and evidence).
What changed (latest)
v1.0.0 • 2025-11-16 • MINOR
Initial publication and governance baseline.
Why: Published with reviewed formulas, unit definitions, and UX controls.
Public QA status
PASS — golden 25 + edge 120
Last run: 2026-01-23 • Run: golden-edge-2026-01-23
Engine
v1.0.0
Data
Baseline (no external datasets)
Content
v1.0.0
UI
v1.0.0
Governance
Last updated: Nov 16, 2025
Reviewed by: Fidamen Standards Committee (Review board)
Credentials: Internal QA
Risk level: low
Reviewer profile (entity)
Fidamen Standards Committee
Review board
Internal QA
Entity ID: https://fidamen.com/reviewers/fidamen-standards-committee#person
Semantic versioning
- MAJOR: Calculation outputs can change for the same inputs (formula, rounding policy, assumptions).
- MINOR: New features or fields that do not change existing outputs for the same inputs.
- PATCH: Bug fixes, copy edits, or accessibility changes that do not change intended outputs except for previously incorrect cases.
Review protocol
- Verify formulas and unit definitions against primary standards or datasets.
- Run golden-case regression suite and edge-case suite.
- Record reviewer sign-off with credentials and scope.
- Document assumptions, limitations, and jurisdiction applicability.
Assumptions & limitations
- Uses exact unit definitions from the Fidamen conversion library.
- Internal calculations use double precision; display rounding follows the unit's configured decimal places.
- Not a substitute for calibrated instruments in regulated contexts.
- Jurisdiction-specific rules may require official guidance.
Change log
v1.0.0 • 2025-11-16 • MINOR
Initial publication and governance baseline.
Why: Published with reviewed formulas, unit definitions, and UX controls.
Areas: engine, content, ui • Reviewer: Fidamen Standards Committee • Entry ID: af3b0ec05980