The Canadian dollar gained some ground to around 1.25 per USD in the third week of April, not far from the 2-week high hit in the previous week, amid a general greenback weakness and higher oil prices after OPEC and the International Energy Agency raised their 2021 global demand forecasts. Resurging coronavirus infections and new lockdowns in the country limited gains, while upbeat labor market data in the prior week supported expectations that the Bank of Canada would reduce quantitative easing purchases later this month. Looking ahead, traders await the release of the Federal budget and the central bank interest rate decision next week.

Historically, the Canadian Dollar reached an all time high of 1.62 in January of 2002. Canadian Dollar - data, forecasts, historical chart - was last updated on April of 2021.

The Canadian Dollar is expected to trade at 1.26 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.27 in 12 months time.

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Canadian Dollar

Majors Price Day Year
EURUSD 1.1972 -0.0010 -0.09% 10.19%
GBPUSD 1.3787 0.0009 0.06% 10.40%
AUDUSD 0.7750 0.0025 0.32% 21.65%
NZDUSD 0.7169 0.0027 0.38% 19.29%
USDJPY 108.7670 -0.1410 -0.13% 0.71%
USDCNY 6.5275 -0.0048 -0.07% -7.76%
USDCHF 0.9227 -0.0003 -0.03% -4.77%
USDCAD 1.2495 -0.0023 -0.18% -10.92%
USDMXN 20.0066 -0.0752 -0.37% -15.73%
USDINR 74.9400 -0.1100 -0.15% -2.41%
USDRUB 76.7601 1.1321 1.50% 3.53%
DXY 91.6325 -0.0575 -0.06% -8.39%
USDKRW 1,110.7430 4.7430 0.43% -9.60%
USDZAR 14.3119 -0.0662 -0.46% -24.15%
USDSGD 1.3346 -0.0013 -0.10% -6.25%
USDHKD 7.7679 0.0027 0.03% 0.22%
USDBRL 5.6526 -0.0640 -1.12% 7.94%
Crosses Price Day Year
USDCAD 1.2495 -0.0023 -0.18% -10.92%
EURCAD 1.4960 -0.0039 -0.26% -1.83%
GBPCAD 1.7226 -0.0021 -0.12% -1.65%
AUDCAD 0.9683 0.0013 0.13% 8.36%
NZDCAD 0.8954 0.0022 0.24% 6.24%
CADJPY 87.0500 0.0470 0.05% 13.07%
CADCNY 5.2238 0.0066 0.13% 3.54%
CADCHF 0.7384 0.0012 0.16% 6.90%
CADBRL 4.5136 -0.0457 -1.00% 27.78%
CADCZK 17.3382 0.0475 0.28% -2.71%
CADDKK 4.9708 0.0128 0.26% 3.73%
CADHUF 239.8738 0.9421 0.39% 6.58%
CADINR 60.1310 0.1740 0.29% 14.09%
CADKRW 889.5034 5.9263 0.67% 1.29%
CADMXN 16.0241 -0.0192 -0.12% -8.41%
CADMYR 3.3011 0.0040 0.12% 7.66%
CADRUB 61.4534 1.0347 1.71% 11.83%



Canadian Dollar
The USDCAD spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the CAD. While the USDCAD spot exchange rate is quoted and exchanged in the same day, the USDCAD forward rate is quoted today but for delivery and payment on a specific future date.