The Canadian dollar traded near 1.245, the highest since November 9th, amid higher oil prices and after consumer prices data showed that inflation rose to a 30-year high in December, strengthening the appeal for higher rates from the BoC. Despite the increasing number of Covid-19 cases slowing the economic activity growth, investors are betting that the BoC will raise the rates already in its next monetary policy meeting, with a 70% chance already priced. Canada’s headline inflation rate accelerated to 4.8% in December of 2021 from 4.7% in November and October, matching market expectations. That was the steepest inflation rate since September of 1991, amid ongoing supply disruptions and low base year effects. Also, and more important for the BoC decision, the core measure excluding energy prices rose to 3.8%, accelerating from the 3.3% increase in November. .

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 January of 2022.

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 1.28 in 12 months time.

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Canadian Dollar

Majors Price Day Year
EURUSD 1.1324 -0.0019 -0.16% -6.93%
GBPUSD 1.3623 0.0016 0.11% -0.79%
AUDUSD 0.7254 0.0037 0.51% -6.54%
BTCUSD 42,943.3500 1,107.8500 2.65% 39.34%
NZDUSD 0.6786 0.0003 0.04% -5.97%
USDJPY 114.1580 -0.1940 -0.17% 10.28%
USDCNY 6.3463 -0.0063 -0.10% -1.84%
USDCHF 0.9172 0.0015 0.17% 3.60%
USDCAD 1.2467 -0.0045 -0.36% -1.31%
USDMXN 20.4509 -0.0581 -0.28% 3.64%
USDINR 74.3300 -0.0980 -0.13% 1.88%
USDBRL 5.4043 -0.0340 -0.63% 1.00%
USDRUB 76.5472 0.4922 0.65% 3.80%
DXY 95.6475 0.1375 0.14% 6.12%
USDKRW 1,185.5450 1.2220 0.10% 7.73%
USDTRY 13.3479 -0.1055 -0.78% 81.27%
USDSEK 9.1484 0.0381 0.42% 10.62%
USDPLN 3.9873 0.0017 0.04% 7.04%
USDNOK 8.7744 -0.0020 -0.02% 4.38%
USDZAR 15.1779 -0.1484 -0.97% 1.63%
USDDKK 6.5725 0.0111 0.17% 7.49%
USDSGD 1.3451 -0.0027 -0.20% 1.72%
USDILS 3.1246 -0.0073 -0.23% -4.41%
USDHKD 7.7865 -0.0049 -0.06% 0.45%
USDCLP 800.9000 -7.2800 -0.90% 11.68%
USDPKR 176.0800 0.1100 0.06% 9.88%
USDCZK 21.3915 0.0023 0.01% -0.22%
USDHUF 314.3990 1.1690 0.37% 7.27%
Crosses Price Day Year
USDCAD 1.2467 -0.0045 -0.36% -1.31%
EURCAD 1.4118 -0.0073 -0.52% -8.22%
GBPCAD 1.6984 -0.0043 -0.25% -2.14%
AUDCAD 0.9043 0.0013 0.14% -7.83%
NZDCAD 0.8454 -0.0033 -0.38% -7.27%
CADJPY 91.5600 0.1660 0.18% 11.83%
CADCNY 5.0903 0.0126 0.25% -0.47%
CADCHF 0.7356 0.0038 0.52% 5.06%
CADARS 83.2607 0.0586 0.07% 23.39%
CADBRL 4.3470 -0.1038 -2.33% 4.57%
CADCZK 17.0990 0.0033 0.02% 2.38%
CADDKK 5.2467 0.0024 0.05% 10.64%
CADHUF 251.2366 0.8829 0.35% 8.27%
CADIDR 11,473.9665 -3.4743 -0.03% 3.97%
CADINR 59.5455 0.0579 0.10% 3.89%
CADKRW 948.6961 2.1086 0.22% 11.64%
CADMXN 16.4077 0.0156 0.10% 5.24%
CADMYR 3.3513 0.0015 0.05% 5.96%
CADRUB 61.4183 0.6302 1.04% 5.69%


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.