USD to CAD in July 2026: high, low, average

Updated September 26, 2026

The Canadian dollar gained on the US dollar through July 2026. The US dollar averaged 1.4118 Canadian dollars across 23 ECB-based cross rates. It started the month at its high of 1.4224 on July 1, reached its low of 1.4023 on July 17, and closed at 1.4041, 1.29% below where it began.

Sixteen down days

The most unusual feature of July was persistence. The US dollar fell on 16 fixings and rose on only 7. Most of the falls were small, between 0.1% and 0.3%, and they came in long runs.

From July 7 to July 17 the dollar declined on eight fixings in a row, from 1.4218 to 1.4023. The largest drop of that run, 0.35%, was on July 16.

A modest rebound followed. On July 21 the dollar rose 0.3%, the biggest gain of the month, and it drifted up to 1.4108 on July 28. The month ended with the sharpest fall of all, 0.42% on July 30.

Daily USD/CAD rates, July 2026

July in numbers

A strong start hides in the average

The July average was 0.59% higher than in June, even though the dollar fell through the month. The reason is the starting point: July opened well above the June average, and it took most of the month to come back down. By the last day, the rate was already close to the June level.

Against July 2025 the average was 3.15% higher, so over a year the Canadian dollar is weaker against the US dollar.

Who notices

Canadian snowbirds and travellers. Canadians spending time in the United States pay in US dollars. The best days in July for buying them were in the middle of the month, around July 16 and 17.

Cross-border shoppers and online buyers. Prices in US dollars were cheapest in Canadian terms around mid-July and again on the last two days.

Exporters. Canadian producers of oil, lumber and cars sell largely in US dollars. For them, the early July rates were best. At the monthly average one Canadian dollar was worth 0.70833 US dollars.

US companies with Canadian operations. Costs paid in Canadian dollars became slightly more expensive in US dollar terms through July.

Where the rate comes from

USD/CAD here is the ratio of the ECB's euro fixings for the two currencies. The Bank of Canada publishes its own daily average rate, which Canadian businesses often use for accounting. The two figures track closely and can differ by a few hundredths of a cent.

What to do

1. Find the rate for your date on USD/CAD daily rates in July 2026.
2. See the start of the month on USD/CAD on the high day of the month.
3. Compare with the other months on USD/CAD in 2026.
4. See the USD to CAD exchange rate today, and use the 100 USD to CAD converter for quick sums.

Questions and answers

What was the average USD to CAD rate in July 2026?

The US dollar averaged 1.4118 Canadian dollars across 23 ECB-based cross rates in July 2026.

When was the Canadian dollar strongest in July 2026?

On July 17, 2026, when USD/CAD fixed at 1.4023, the low of the month.

Why was the July average above June if the dollar fell during July?

July began at 1.4224, well above the June average of 1.4036, so the average stayed higher even as the rate fell to 1.4041 by July 31.

Data sources

• European Central Bank: euro foreign exchange reference rates