How to Convert Canadian Money to U.S. Money

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Convert Canadian money to the U.S. dollar.
Convert Canadian money to the U.S. dollar. (Image: canadian dollars bank notes 20 image by Andrei Filonov from Fotolia.com)

One of the most important things travelers need to do when they go to a foreign country is convert their money into the foreign country's currency. When traveling from Canada to the United States, you will convert the Canadian dollar to the U.S. dollar. Exchanging currency is not difficult, but it's a good idea to know in advance what the exchange rates are. A Canadian dollar may be worth more or less than a U.S. dollar, depending on when you exchange it.

Look up the current exchange rate between the Canadian dollar (CAD) and the U.S. dollar (USD). The easiest way to do this is to visit an online currency conversion calculator. The daily exchange rate is also published in newspapers.

Go to a currency exchange desk at an airport, major bank office or hotel.

Present your passport to the clerk at the currency exchange desk and tell him how much money you want to convert. You can do this by presenting him with traveler's checks, Canadian money or by providing a credit card or debit card.

Take the U.S. dollars from the exchange clerk and count it to make sure that it is the correct amount of money.

Sign the form that the clerk gives you and wait for a receipt.

Tips & Warnings

  • Exchange desks charge a fee to exchange foreign currency. The fees vary widely so try to find the best rate. Airports usually have the highest fees.
  • You also can just withdraw money from an ATM which will automate the entire process. However, you will be charged fees by your bank, so using the ATM can be expensive.

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