Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Canada
Canadian Dollar, Annual, Not Seasonally Adjusted
MANMM101CAA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,600,057,000,000.00
Year-over-Year Change
200.69%
Date Range
1/1/1960 - 1/1/2022
Summary
This economic trend measures the annual, not seasonally adjusted exchange rate between the Canadian dollar and the U.S. dollar. It is a key indicator of the relative strength and purchasing power of the Canadian currency.
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 exchange rate is a fundamental economic indicator that reflects the international value and competitiveness of the Canadian economy. This data series tracks the annual average exchange rate, providing insights into long-term trends and the overall trajectory of the Canadian dollar.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
The Canadian dollar exchange rate is closely monitored by economists, policymakers, and market participants to assess Canada's trade position and the impacts on domestic and international business.
Key Facts
- The Canadian dollar is the world's 5th most traded currency.
- Canada is the United States' largest trading partner.
- The Canadian dollar has fluctuated between $0.62 and $1.10 USD over the past 20 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted exchange rate between the Canadian dollar and the U.S. dollar, providing insights into the relative strength and purchasing power of the Canadian currency.
Q: Why is this trend relevant for users or analysts?
A: The Canadian dollar exchange rate is a key indicator of Canada's trade position and competitiveness, making it highly relevant for economists, policymakers, and market participants analyzing the Canadian economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The Canadian dollar exchange rate is closely monitored by policymakers to assess the impacts on trade, inflation, and the overall competitiveness of the Canadian economy.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted data may have a delay of several months, and does not capture intra-year fluctuations in the exchange rate.
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Citation
U.S. Federal Reserve, Canadian Dollar, Annual, Not Seasonally Adjusted (MANMM101CAA189N), retrieved from FRED.