Real Broad Effective Exchange Rate for Canada
RBCABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.35
Year-over-Year Change
-1.65%
Date Range
1/1/1994 - 6/1/2025
Summary
The Real Broad Effective Exchange Rate for Canada measures the strength of the Canadian dollar relative to a basket of major currencies, adjusting for inflation. This metric is important for economists and policymakers to gauge Canada's international trade competitiveness.
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 Real Broad Effective Exchange Rate for Canada tracks the purchasing power of the Canadian dollar compared to a weighted average of currencies from Canada's major trading partners. It accounts for inflation differences between countries, providing a more accurate assessment of exchange rate movements.
Methodology
The data is calculated by the Bank of Canada using trade weights and consumer price indices.
Historical Context
Central banks and trade analysts closely monitor this exchange rate trend to understand Canada's trade dynamics and the potential impacts on its export industries.
Key Facts
- The base year for the RBCABIS index is 2010 = 100.
- Canada is a major exporter of commodities like oil, minerals, and agricultural products.
- A stronger Canadian dollar can make Canadian exports less competitive globally.
FAQs
Q: What does this economic trend measure?
A: The Real Broad Effective Exchange Rate for Canada tracks the purchasing power of the Canadian dollar relative to a basket of other currencies, accounting for inflation differences between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing Canada's international trade competitiveness, as a stronger Canadian dollar can make its exports less affordable for foreign buyers.
Q: How is this data collected or calculated?
A: The Bank of Canada calculates the RBCABIS using trade weights and consumer price indices.
Q: How is this trend used in economic policy?
A: Central banks and trade analysts monitor the RBCABIS to understand Canada's trade dynamics and the potential impacts on its export-oriented industries.
Q: Are there update delays or limitations?
A: The RBCABIS data is updated regularly by the Bank of Canada, with no significant delays or known limitations.
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Citation
U.S. Federal Reserve, Real Broad Effective Exchange Rate for Canada (RBCABIS), retrieved from FRED.