Canadian Dollars to U.S. Dollar Spot Exchange Rate
AEXCAUS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.37
Year-over-Year Change
37.06%
Date Range
1/1/1971 - 1/1/2024
Summary
The Canadian Dollars to U.S. Dollar Spot Exchange Rate tracks the current market value of Canadian currency in U.S. dollar terms. This metric is crucial for understanding cross-border trade, investment flows, and economic interdependence between Canada and the United States.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This exchange rate represents the real-time market price for converting Canadian dollars into U.S. dollars, reflecting relative economic conditions, monetary policies, and market sentiment. Economists and traders use this rate to assess currency valuation, trade competitiveness, and potential investment opportunities.
Methodology
The rate is calculated based on live foreign exchange market transactions, aggregating current trading prices from multiple financial institutions and currency markets.
Historical Context
Central banks, international traders, and policymakers use this exchange rate to inform decisions about trade policy, international investment strategies, and cross-border economic planning.
Key Facts
- The exchange rate fluctuates based on economic indicators from both countries
- Commodity prices, especially oil, significantly impact the Canadian dollar's value
- Trade volumes between Canada and the U.S. directly influence the exchange rate
FAQs
Q: What factors influence the Canadian dollar's value?
A: Commodity prices, interest rates, economic performance, and trade balances significantly impact the Canadian dollar's exchange rate with the U.S. dollar.
Q: How often does the exchange rate change?
A: The exchange rate can change continuously during market hours, with significant movements possible based on economic news and market sentiment.
Q: Why is this exchange rate important for businesses?
A: Companies engaged in cross-border trade use this rate to manage currency risk, pricing strategies, and international financial planning.
Q: How do central banks use this exchange rate?
A: Central banks monitor the exchange rate to assess economic health, inform monetary policy, and manage international economic relationships.
Q: What are the limitations of this exchange rate data?
A: The rate represents a snapshot in time and can be influenced by short-term market volatility, requiring careful interpretation and context.
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Citation
U.S. Federal Reserve, Canadian Dollars to U.S. Dollar Spot Exchange Rate [AEXCAUS], retrieved from FRED.
Last Checked: 8/1/2025