Production: Manufacturing: Total Manufacturing for Canada
Canadian Dollar, Monthly level, Monthly, Seasonally Adjusted
CANPRMNTO01MLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,528,166,666.67
Year-over-Year Change
-0.02%
Date Range
1/1/1961 - 10/1/2023
Summary
The Canadian Dollar, Monthly level, Monthly, Seasonally Adjusted series tracks the value of the Canadian dollar against other major currencies on a monthly basis, providing insights into Canada's economic performance and international trade dynamics.
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 series measures the monthly level of the Canadian dollar's exchange rate, adjusted for seasonal variations. It is a key economic indicator used by policymakers, analysts, and businesses to assess Canada's international competitiveness and the potential impacts on imports, exports, and overall economic activity.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The Canadian dollar's performance is closely monitored by the Bank of Canada and other institutions for its implications on inflation, trade, and monetary policy decisions.
Key Facts
- The Canadian dollar is the world's 7th most traded currency.
- Canada is the United States' largest trading partner.
- The Canadian dollar's value is influenced by factors like commodity prices and interest rate changes.
FAQs
Q: What does this economic trend measure?
A: This series measures the monthly level of the Canadian dollar's exchange rate against other major currencies, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The Canadian dollar's performance is a key indicator of Canada's economic competitiveness and has significant implications for trade, investment, and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: The Canadian dollar's exchange rate is closely monitored by the Bank of Canada and other institutions to assess its impacts on inflation, trade, and the formulation of monetary policy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with minimal update delays, providing timely insights into the Canadian dollar's performance.
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Citation
U.S. Federal Reserve, Canadian Dollar, Monthly level, Monthly, Seasonally Adjusted (CANPRMNTO01MLSAM), retrieved from FRED.