We are conveniently integrated with all Canadian banks and you can test our service with a small amount to see how it works. Our client account and relationship with our Canadian financial institution is in good standing and they are willing to verify this with a bank letter or phone reference (please contact us if required). The US-Canadian Dollar exchange rate USD/CAD is concluding the week with a negative bias, quoted at 1.34385, a 0.63 percent drop on the daily open. You can also read more about us via our Google and Facebook Reviews. Over several hundred million dollars have been converted for thousands of our Canadian clients and we have a number of testimonials in third party reputable business media including Yahoo Finance. Funds are transferred securely by wire transfer or direct deposit. Funds can be transferred quickly, generally same-day or next business day back to your specified destination. The amount of your refund depends on the exchange rate. All transactions have a confirmation number and can be traced electronically with Canadian banks. This happens when you pay in your local currency instead of Canadian dollars. Demand for our dollar is affected mainly by demand for Canadian goods and servicesthe more people. Latest Currency Exchange Rates: 1 Canadian Dollar 0.7478 US Dollar Currency Converter Exchange Rate History For Converting Canadian Dollars (CAD) to Dollars. Because the Bank of Canada lets the Canadian dollar float, we can focus on setting interest rates to maintain inflation at 2 percent in Canada. A trade confirmation contract on our letterhead is sent to you upon execution of your currency transaction confirming all agreed upon details for your records. The Bank of Canada doesn’t try to set the dollar’s exchange rate. Yes, we service customers across Canada as we registered as a money service business with FINTRAC (a Government of Canada agency).Ĭlient funds are held in segregated client account at a major Canadian financial institution, separate from operating accounts, and are completely secure. Whether you’re a business or an individual, our team of experts is committed to providing you with the highest level of customer service and support. Although our head offices are located in Windsor, we are proud to serve clients across Canada through electronic funds transfers. The process takes as little as a day’s time you receive funds in your account within one business day!Īt CanAm Currency Exchange, we understand the importance of providing fast and secure money transfer services to our clients. Receive converted funds: This is the final step! You send us the source funds, and we convert them into Canadian dollars at your locked rate. As soon as you do that, you receive trade confirmation from CanAm. You can lock the quoted rate to book trade. Lock quoted rate: Once you sign up, you can call our toll-free number 1 (844) 915-5151 to get a no-obligation quote. It is completely free and takes less than five minutes to create a new account that offers free quotes and comes with no obligation to make trades. ![]() Signing up for an account online is the quickest process of all three. ![]() We are here to make currency exchange a cakewalk for you! The process is pretty simple and is finished in three easy steps:
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