# Travel >> Travel Preparation >> Currency & Exchange

How to Convert One USD Into CAD

The United States Dollar (USD) is the currency accepted in the United States. It does not hold the same value as other currencies, including the CAD. When traveling, it is wise to exchange your money at the border or through a bank before you attempt to purchase goods and services. The foreign exchange rate changes daily, so when converting your money you may only have a rough estimate of the exchange rate. It is useful to know the exchange rate of one USD when traveling to Canada to know how much money to bring with you.

Instructions

- 1
  Go to one of the current reporting sites and select the currency values you wish to convert. In our case, select 1 USD to CAD.
- 2
  Read the value of the exchange. On March, 19th, 2011 the value of 1 USD was equal to .983 CAD, meaning that $1 is only 98 cents in Canada at the time.
- 3
  Multiply the conversion rate by the amount of money you have to evaluate how much money you will have when traveling. For example, if you have $100 USD, it will only be equal to $98.37 in Canada at the time. Be wary of exchanging at some locations, where they may add on a percentage or decrease the exchange rate in order to provide exchange services.