The Canadian dollar was changing hands around $1.34 as investors considered the Bank of Canada's latest monetary policy decision. The BoC raised its overnight rate to 4.50% in January, the highest since 2007, while announcing the likely end of its aggressive tightening cycle. Policymakers expect growth to stall in the first half of 2023 amid evidence that tighter monetary policy is already restraining domestic demand and denting economic activity. In the meantime, Canada's annual inflation rate fell to 6.3% in December of 2022, the least since February 2022 and below market expectations of 6.4%. On the dollar side, weakening US economic data backed the narrative that the Federal Reserve would slow its tightening pace by delivering a modest 25 bps hike in February.

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 2023.

The Canadian Dollar is expected to trade at 1.35 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.41 in 12 months time.

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Canadian Dollar


Majors Price Day Year
EURUSD 1.0823 -0.0021 -0.19% -3.96%
GBPUSD 1.2315 -0.0037 -0.30% -8.92%
AUDUSD 0.7002 -0.0057 -0.81% -1.74%
NZDUSD 0.6423 -0.0044 -0.68% -3.27%
USDJPY 130.4390 -0.0010 0% 13.71%
USDCNY 6.7633 0.0072 0.11% 6.19%
USDCHF 0.9278 0.0030 0.32% 0.71%
USDCAD 1.3454 0.0070 0.52% 6.09%
USDMXN 18.8284 0.0678 0.36% -8.35%
USDINR 81.9240 0.4040 0.50% 9.64%
USDBRL 5.1162 0 0% -2.84%
USDRUB 70.0790 0.1790 0.26% -8.66%
USDKRW 1,235.8600 4.4000 0.36% 3.09%
USDTRY 18.8105 0.0254 0.14% 40.70%
DXY 102.5036 0.2276 0.22% 6.35%
USDSEK 10.4685 0.0767 0.74% 13.19%
USDPLN 4.3490 0.0095 0.22% 7.31%
USDNOK 10.0711 0.0981 0.98% 14.05%
USDZAR 17.4755 0.0854 0.49% 14.54%
USDDKK 6.8731 0.0186 0.27% 4.14%
USDSGD 1.3177 0.0036 0.27% -2.29%
USDILS 3.4764 0.0181 0.52% 10.12%
USDHKD 7.8371 0.0019 0.02% 0.55%
USDCLP 806.8000 0 0% 0.63%
USDPKR 267.7500 5.1500 1.96% 52.13%
USDCZK 22.0144 0.0494 0.22% 2.28%
USDHUF 359.8080 0.6680 0.19% 14.22%
Crosses Price Day Year
USDCAD 1.3455 0.0071 0.53% 6.09%
EURCAD 1.4563 0.0046 0.32% 1.87%
GBPCAD 1.6568 0.0037 0.22% -3.41%
AUDCAD 0.9420 -0.0030 -0.32% 4.11%
NZDCAD 0.8642 -0.0014 -0.16% 2.63%
CADJPY 96.9440 -0.2360 -0.24% 7.16%
CADCNY 5.0264 -0.0195 -0.39% 0.09%
CADCHF 0.6894 -0.0006 -0.08% -5.10%
CADARS 139.3903 -0.0717 -0.05% 69.76%
CADBRL 3.8027 -0.0199 -0.52% -8.94%
CADCZK 16.3645 -0.0469 -0.29% -3.58%
CADDKK 5.1084 -0.0130 -0.25% -1.85%
CADHUF 267.3781 -0.9573 -0.36% 7.64%
CADIDR 11,139.3591 -41.9021 -0.37% -1.61%
CADINR 60.8966 -0.0119 -0.02% 3.35%
CADKRW 918.7116 -1.3870 -0.15% -3.13%
CADMXN 13.9965 -0.0207 -0.15% -13.60%
CADMYR 3.1689 -0.0005 -0.02% -3.95%
CADRUB 52.4810 0.2544 0.49% -13.26%


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.
Actual Previous Highest Lowest Dates Unit Frequency
1.35 1.34 1.62 0.91 1971 - 2023 Daily