Production: Manufacturing: Total Manufacturing for Canada
Canadian Dollar, Monthly level, Monthly, Not Seasonally Adjusted
CANPRMNTO01MLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,727,000,000.00
Year-over-Year Change
-0.68%
Date Range
1/1/1961 - 10/1/2023
Summary
The Canadian Dollar, Monthly Level trend measures the monthly average exchange rate between the Canadian dollar and the U.S. dollar. This metric is crucial for analyzing trade, investment, and economic conditions between the two countries.
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
The Canadian Dollar, Monthly Level is an important indicator of the relative strength and purchasing power of the Canadian currency. It is widely used by economists, policymakers, and market participants to assess cross-border economic activity and market dynamics.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on daily market exchange rates.
Historical Context
Monitoring the Canadian Dollar trend helps inform decisions on interest rates, trade policies, and other economic policies.
Key Facts
- The Canadian dollar is the 5th most traded currency globally.
- Canada is the United States' largest trading partner.
- The Canadian Dollar trend correlates with commodity prices and cross-border investment flows.
FAQs
Q: What does this economic trend measure?
A: The Canadian Dollar, Monthly Level trend measures the monthly average exchange rate between the Canadian dollar and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for analyzing trade, investment, and economic conditions between Canada and the United States.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on daily market exchange rates.
Q: How is this trend used in economic policy?
A: Monitoring the Canadian Dollar trend helps inform decisions on interest rates, trade policies, and other economic policies.
Q: Are there update delays or limitations?
A: The data is reported monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Canadian Dollar, Monthly level, Monthly, Not Seasonally Adjusted (CANPRMNTO01MLM), retrieved from FRED.