Rates in USD, Bank of Canada, 2026-10-08
1 CAD = 0.7022 USD1 AUD = 0.6954 USD1 CHF = 1.2009 USD1 CNY = 0.1492 USD1 EUR = 1.1201 USD1 GBP = 1.3218 USD1 JPY = 0.0063 USDGold $4,193.70 /oz1 CAD = 0.7022 USD1 AUD = 0.6954 USD1 CHF = 1.2009 USD1 CNY = 0.1492 USD1 EUR = 1.1201 USD1 GBP = 1.3218 USD1 JPY = 0.0063 USDGold $4,193.70 /oz

What Is APR?

APR stands for annual percentage rate. It shows the yearly cost of a loan as a percentage, including the interest rate and certain fees.

APR vs interest rate

Two loans with the same interest rate can have different APRs if one has higher fees. That is why APR is useful for comparing offers.

What to check

  • Which fees the APR includes
  • Whether the rate is fixed or variable
  • The total amount you will repay

Rules for showing APR differ by country, so always ask the lender for the full cost in writing.

General information only, not advice. See our glossary.

Frequently asked questions

Is a lower APR always better?

Usually it means a cheaper loan, but also compare the term and total repayment.

Does APR include every fee?

Not always. Ask the lender exactly what is included.

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