Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Canada
Canadian Dollar, Quarterly
CCUSMA02CAQ618N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.38
Year-over-Year Change
8.44%
Date Range
1/1/1957 - 4/1/2025
Summary
This quarterly economic trend measures the average exchange rate between the Canadian dollar and the U.S. dollar. It is a key indicator of the relative strength of the Canadian economy and cross-border trade flows.
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/U.S. dollar exchange rate is a floating currency pair that fluctuates based on factors like interest rates, inflation, and economic performance. Economists and policymakers closely monitor this trend to assess Canada's international competitiveness and the health of its export-oriented industries.
Methodology
The data is collected and reported by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The Canadian dollar exchange rate is a critical input for multinational corporations, international investors, and trade negotiators.
Key Facts
- The Canadian dollar is the 5th most traded currency globally.
- Canada is the largest trading partner of the United States.
- The CAD/USD rate reached a 14-year high in 2022 amid rising interest rates.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average quarterly exchange rate between the Canadian dollar and the U.S. dollar. It reflects the relative strength and performance of the Canadian economy.
Q: Why is this trend relevant for users or analysts?
A: The CAD/USD exchange rate is a critical data point for economists, policymakers, and businesses engaged in trade and investment between Canada and the United States.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: Central banks, trade negotiators, and multinational corporations use the CAD/USD exchange rate to inform monetary policy, trade agreements, and investment decisions.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a short delay. There are no major limitations, as it reflects real-time market exchange rates.
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Citation
U.S. Federal Reserve, Canadian Dollar, Quarterly (CCUSMA02CAQ618N), retrieved from FRED.