The Canadian dollar firmed below 1.24 per USD in the second half of October, close to levels not seen since early July, as expectations about Bank of Canada’s monetary policy became more hawkish following a near two-decade high inflation rate. Consumer prices rose 4.4% in September, the most since February 2003, led by transportation costs, shelter, and food prices. The current inflationary environment, coupled with employment figures at pre-pandemic levels, adds pressure to the central bank’s plan to keep interest rates near zero until the second half of 2022, while market expectations point to a rate hike in April.

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 October of 2021.

The Canadian Dollar is expected to trade at 1.24 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 1.1621 -0.0036 -0.31% -1.69%
GBPUSD 1.3790 -0.0036 -0.26% 5.44%
AUDUSD 0.7464 -0.0055 -0.73% 4.75%
BTCUSD 62,746.7100 -3,243.6000 -4.92% 383.29%
NZDUSD 0.7154 -0.0048 -0.66% 7.27%
USDJPY 114.0380 -0.2990 -0.26% 8.70%
USDCNY 6.3949 0.0030 0.05% -4.11%
USDCHF 0.9184 -0.0003 -0.03% 1.22%
USDCAD 1.2371 0.0049 0.39% -5.80%
USDMXN 20.3020 0.0888 0.44% -3.18%
USDINR 74.8693 0.0788 0.11% 1.64%
USDBRL 5.6602 0.0627 1.12% 1.27%
USDRUB 71.1106 0.4806 0.68% -7.13%
DXY 93.7872 0.2292 0.24% 0.90%
USDKRW 1,173.8700 2.1290 0.18% 3.60%
USDTRY 9.5329 0.3231 3.51% 20.17%
USDSEK 8.6075 0.0216 0.25% -1.76%
USDPLN 3.9627 0.0328 0.83% 2.45%
USDNOK 8.3683 0.0622 0.75% -9.46%
USDZAR 14.6746 0.2933 2.04% -9.40%
USDDKK 6.4028 0.0195 0.31% 1.71%
USDSGD 1.3474 0.0042 0.31% -0.68%
USDILS 3.2100 -0.00001 -0.0003% -4.98%
USDHKD 7.7749 0.0012 0.02% 0.32%
USDCLP 817.6300 4.0300 0.50% 5.03%
USDPKR 172.9500 -0.2500 -0.14% 7.50%
USDCZK 22.0702 0.1752 0.80% -4.13%
USDHUF 313.2600 2.6160 0.84% 1.64%
Crosses Price Day Year
USDCAD 1.2371 0.0049 0.39% -5.80%
EURCAD 1.4377 0.0014 0.09% -7.41%
GBPCAD 1.7060 0.0023 0.13% -0.70%
AUDCAD 0.9235 -0.0031 -0.34% -1.35%
NZDCAD 0.8847 -0.0027 -0.31% 1.01%
CADJPY 92.1610 -0.6260 -0.67% 15.40%
CADCNY 5.1688 -0.0183 -0.35% 1.82%
CADCHF 0.7424 -0.0031 -0.42% 7.49%
CADARS 80.5870 0.2375 0.30% 37.04%
CADBRL 4.5422 0.0236 0.52% 6.98%
CADCZK 17.8131 0.0448 0.25% 7.29%
CADDKK 5.1808 0.0006 0.01% 9.72%
CADHUF 251.7825 -0.3124 -0.12% 10.72%
CADIDR 11,450.1650 29.5929 0.26% 2.57%
CADINR 60.6538 -0.0404 -0.07% 8.58%
CADKRW 950.7174 -0.1781 -0.02% 6.99%
CADMXN 16.4310 0.0275 0.17% -1.03%
CADMYR 3.3665 -0.0095 -0.28% 7.64%
CADRUB 57.5442 0.2263 0.39% 4.46%


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.