The Canadian dollar weakened past the $1.30 mark, losing most of the upside momentum seen earlier this week, as a hotter-than-expected US inflation reading triggered a rally in the dollar. The Labor Department's consumer price index report showed that monthly CPI unexpectedly rose 0.1% in August from July, against analysts' expectation of a 0.1% contraction. This reading paved the way for another 75 bps interest rate hike from the Federal Reserve next week while opening the door for a jumbo 100 bps increase. Domestically, a surprisingly high unemployment rate for August showed little indication that markets expect a dovish pivot by the Bank of Canada. The central bank is expected to hike its interest rate further in October, following the 75bps increase in September.

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 September of 2022.

The Canadian Dollar is expected to trade at 1.32 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.37 in 12 months time.

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Canadian Dollar


Majors Price Day Year
EURUSD 0.9983 0.0005 0.05% -15.54%
GBPUSD 1.1506 0.0004 0.04% -16.90%
AUDUSD 0.6718 -0.0022 -0.33% -8.46%
NZDUSD 0.5994 -0.0002 -0.03% -15.90%
USDJPY 143.3040 -1.0860 -0.75% 31.09%
USDCNY 6.9708 -0.0108 -0.15% 8.46%
USDCHF 0.9609 -0.0004 -0.04% 4.49%
USDCAD 1.3176 0.0009 0.07% 4.37%
USDMXN 20.0119 -0.0541 -0.27% 0.78%
USDINR 79.5320 -0.0450 -0.06% 8.30%
USDBRL 5.1903 -0.0008 -0.02% -0.61%
USDRUB 58.8750 0.3750 0.64% -18.42%
USDKRW 1,390.9400 -3.7400 -0.27% 19.27%
DXY 109.6938 -0.1212 -0.11% 18.53%
USDTRY 18.2530 -0.0051 -0.03% 116.62%
USDSEK 10.6603 -0.0279 -0.26% 24.24%
USDPLN 4.7334 0.0016 0.03% 22.59%
USDNOK 10.1122 0.0111 0.11% 18.04%
USDZAR 17.4145 -0.0352 -0.20% 20.88%
USDDKK 7.4492 -0.0101 -0.14% 18.40%
USDSGD 1.4050 -0.0016 -0.11% 4.81%
USDILS 3.4297 -0.0088 -0.26% 7.02%
USDHKD 7.8489 -0.0005 -0.01% 0.87%
USDCLP 916.1300 0 0% 17.80%
USDPKR 234.2500 0.6500 0.28% 38.40%
USDCZK 24.5692 -0.0428 -0.17% 14.78%
USDHUF 402.2890 1.8390 0.46% 36.30%
Crosses Price Day Year
USDCAD 1.3173 0.0006 0.05% 4.35%
EURCAD 1.3150 0.0032 0.25% -11.86%
GBPCAD 1.5158 0.0039 0.26% -13.29%
AUDCAD 0.8851 -0.0016 -0.18% -4.47%
NZDCAD 0.7895 0 0% -12.25%
CADJPY 108.8110 -0.7090 -0.65% 25.65%
CADCNY 5.2907 -0.0095 -0.18% 3.92%
CADCHF 0.7293 -0.0003 -0.04% 0.12%
CADARS 109.6772 0.1629 0.15% 42.03%
CADBRL 3.9413 0.0209 0.53% -4.41%
CADCZK 18.6928 0.0645 0.35% 10.46%
CADDKK 5.6662 0.0122 0.22% 14.13%
CADHUF 303.8348 1.3715 0.45% 30.16%
CADIDR 11,448.0866 24.7935 0.22% 1.60%
CADINR 60.4275 -0.6532 -1.07% 4.14%
CADKRW 1,059.9858 1.8456 0.17% 14.30%
CADMXN 15.2397 -0.0178 -0.12% -2.87%
CADMYR 3.4743 0.0084 0.24% 5.99%
CADRUB 44.4225 -1.4747 -3.21% -22.67%


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
1.32 1.32 1.62 0.91 1992 - 2022 Daily