International Merchandise Trade Statistics: Imports: Commodities for Canada
Canadian Dollar, Monthly, Seasonally Adjusted
XTIMVA01CAM664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65,642,900,000.00
Year-over-Year Change
-0.67%
Date Range
1/1/1955 - 6/1/2025
Summary
The Canadian Dollar, Monthly, Seasonally Adjusted series tracks the exchange rate between the Canadian dollar and the U.S. dollar, providing insight into Canada's economic performance and trade dynamics.
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
This series measures the monthly average exchange rate of the Canadian dollar against the U.S. dollar, with seasonal adjustments to account for recurring patterns. It is a key indicator of Canada's international competitiveness and the strength of its economy relative to its largest trading partner.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The Canadian dollar exchange rate is closely monitored by policymakers, investors, and businesses to assess Canada's economic conditions and trade outlook.
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 $0.69 and $0.85 USD over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series measures the monthly average exchange rate of the Canadian dollar against the U.S. dollar, providing insight into Canada's international trade and economic competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The Canadian dollar exchange rate is a crucial indicator for investors, businesses, and policymakers to assess Canada's economic performance and trade dynamics with its largest partner, the United States.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: The Canadian dollar exchange rate is closely monitored by policymakers to evaluate Canada's international competitiveness and guide trade and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant delays, providing timely information on the Canadian dollar's performance.
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Citation
U.S. Federal Reserve, Canadian Dollar, Monthly, Seasonally Adjusted (XTIMVA01CAM664S), retrieved from FRED.