Freight Tool

Currency
Calculator

Q: What exchange rate source does this tool use?

The primary source is Bank of Canada Valet daily CAD-pair observations. Non-CAD pairs are calculated from same-day CAD observations when available; unsupported or missing pairs may use the European Central Bank reference rate via Frankfurter, identified separately for each pair. Observation dates and OTR retrieval times are shown separately. These daily reference rates are not real-time settlement quotes; confirm transaction rates with your bank or payment provider.

Daily Bank of Canada CAD-pair reference observations, with any ECB fallback identified by pair. These are not real-time settlement quotes.

🇨🇦→🇺🇸 1 CAD =

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🇺🇸→🇨🇦 1 USD =

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Currency Converter

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Cross-border freight note: OTR Logistics Solutions quotes Canadian freight in CAD and US freight in USD. For cross-border shipments, ask your broker which currency applies and lock in rates at time of booking to avoid FX exposure.

About these rates

The primary provider is Bank of Canada Valet daily CAD-pair observations. Direct CAD pairs use the published CAD rate; inverted pairs are labeled as inverted. A non-CAD cross-rate is computed from same-day CAD observations. Unsupported or missing BoC pairs may use the ECB reference-rate feed via Frankfurter; the selected provider and observation date are attached to each result. OTR retrieval time is shown separately from the source date.

ECB reference rates are mid-market reference figures — they are not the rate your bank, card issuer, or FX broker will give you. Retail and commercial transactions include a spread and may add fees, so your effective rate will differ.

Daily reference rates are not real-time spot or settlement quotes. Use them for planning and comparison only; confirm the applicable transaction rate with your bank or broker.

When daily reference observations are unavailable we say so and let you enter your own rate. Stored or manually entered numbers are never presented as current source observations.

Moving freight across the border?

Get a quote in your preferred currency — CAD or USD. We handle Canada, US, and cross-border freight.

Get a cross-border freight quote

Your details carry over — no re-typing. We confirm receipt within approximately 30 minutes during business hours. Completed quotes are normally provided within two business hours after all required shipment details are received.

1-855-247-OTR0

Frequently Asked Questions

Why does the exchange rate matter for cross-border freight quotes?

Many Canada-US freight rates are quoted in US dollars, but Canadian carriers pay their drivers, fuel, and fixed costs in Canadian dollars. When the USD/CAD rate changes by even a few cents, the CAD margin on a US-dollar load can swing materially -- a 1-cent move on a $2,000 USD load equals a $20 CAD change. Shippers pricing cross-border freight in their home currency need to account for current exchange rates to compare carrier quotes accurately.

What exchange rate source does this tool use?

Bank of Canada Valet daily CAD-pair observations are the primary source. Same-day CAD observations support non-CAD cross-rates; unsupported or missing pairs may fall back to the ECB reference rate via Frankfurter, identified per pair. Source observation dates and OTR retrieval times are displayed separately. These daily references are not settlement quotes; confirm the transaction rate with your bank or broker.

Should I quote cross-border freight in CAD or USD?

There is no universal rule, but the common convention is: Canadian carriers often quote Canada-origin loads in CAD and US-destination loads in USD. US carriers typically quote in USD regardless of origin. As a shipper, requesting quotes in your billing currency simplifies accounting, but compare all quotes on a common basis (convert to one currency) before making a carrier selection. Specify the currency clearly in your rate confirmation to avoid billing disputes.

About this tool

What it calculates

Converts freight amounts using Bank of Canada Valet daily CAD-pair observations, explicitly identified ECB/Frankfurter fallback rates, or a user-entered manual rate.

Who it's for

Shippers, carriers, and freight finance teams working with cross-border invoices, broker quotes, or fuel costs in different currencies.

What you'll need

The amount you want to convert and the source and target currencies.

How to use the result

Use the dated reference rate and its per-pair source/method for planning and comparison. Confirm the applicable transaction rate with your bank or payment provider.

Key assumptions

Bank of Canada and ECB reference observations are daily business-day values, not real-time spot or settlement rates. Pair direction and direct, inverted, or same-day CAD-cross calculation are disclosed; fallback rates are separately attributed. Manual input is user supplied.

When to confirm with a specialist

For high-value cross-border transactions or FX risk management, consult your bank or a currency risk specialist. OTR Logistics Solutions can quote in either CAD or USD on request.

Need help with this shipment?

OTR Logistics Solutions specialists available 24/7 — no account required.

1-855-247-OTR0

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