Labor Compensation: Earnings: Manufacturing: Hourly for Canada
Canadian Dollar, Monthly, Seasonally Adjusted
LCEAMN01CAM189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.18
Year-over-Year Change
2.06%
Date Range
1/1/1960 - 9/1/2023
Summary
This economic trend measures the monthly exchange rate of the Canadian dollar against the U.S. dollar, adjusted for seasonal factors. It is a key indicator of Canada's international trade competitiveness and macroeconomic performance.
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 widely tracked metric that reflects the relative strength and purchasing power of the Canadian economy. This seasonally adjusted data allows for more accurate month-over-month comparisons and analysis of currency market trends.
Methodology
The data is collected and reported by the U.S. Federal Reserve based on foreign exchange market operations.
Historical Context
Policymakers and analysts closely monitor the Canadian dollar exchange rate to assess the impact on exports, imports, and overall economic activity.
Key Facts
- The Canadian dollar is the 5th most traded currency globally.
- A stronger Canadian dollar makes exports more expensive and imports cheaper.
- The exchange rate influences the competitiveness of Canadian businesses in global markets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly exchange rate of the Canadian dollar against the U.S. dollar, adjusted for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: The Canadian dollar exchange rate is a key indicator of Canada's international trade competitiveness and macroeconomic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve based on foreign exchange market operations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the Canadian dollar exchange rate to assess the impact on exports, imports, and overall economic activity.
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, Seasonally Adjusted (LCEAMN01CAM189S), retrieved from FRED.