Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Canada
CCUSSP01CAM650N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.75
Year-over-Year Change
2.60%
Date Range
1/1/1960 - 12/1/2023
Summary
This economic trend measures the US dollar exchange rate against the Canadian dollar, which is widely used by businesses, investors, and policymakers to assess trade competitiveness and cross-border economic activity.
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 US dollar to Canadian dollar exchange rate represents the price of the US dollar in terms of the Canadian dollar, based on spot transactions at the end of each period. This key metric is closely monitored to understand relative currency valuations and their impact on international trade, investments, and economic policies.
Methodology
The data is collected by the US Federal Reserve from foreign exchange markets.
Historical Context
Currency exchange rates are a critical input for economic analysis, trade policy, and international financial markets.
Key Facts
- The US dollar to Canadian dollar exchange rate is quoted as the number of Canadian dollars per US dollar.
- Canada is the largest trading partner of the United States, making this exchange rate a key economic indicator.
- The exchange rate is influenced by factors such as interest rate differentials, inflation, and economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the US dollar exchange rate against the Canadian dollar, which is the price of the US dollar in terms of the Canadian dollar based on spot transactions.
Q: Why is this trend relevant for users or analysts?
A: The US dollar to Canadian dollar exchange rate is a critical metric for understanding trade competitiveness, cross-border investments, and the relative strength of the two economies.
Q: How is this data collected or calculated?
A: The data is collected by the US Federal Reserve from foreign exchange markets.
Q: How is this trend used in economic policy?
A: Currency exchange rates are a key input for trade policy, monetary policy, and international financial analysis.
Q: Are there update delays or limitations?
A: The data is reported at the end of each period, with no significant delays or limitations.
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Citation
U.S. Federal Reserve, Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Canada (CCUSSP01CAM650N), retrieved from FRED.