The USD/CAD exchange rate fell to 1.3598 on July 23, 2025, down 0.05% from the previous session. Over the past month, the Canadian Dollar has strengthened 0.93%, and is up by 1.55% over the last 12 months. Canadian Dollar - values, historical data, forecasts and news - updated on July of 2025.

The US dollar index of February 2025 was higher than it was in 2024, although below the peak in late 2022. This reveals itself in a historical graphic on the past 50 years, measuring the relative strength of the U.S. dollar. This metric is different from other FX graphics that compare the U.S. dollar against other currencies. The history of the DXY Index The index shown here – often referred to with the code DXY, or USDX – measures the value of the U.S. dollar compared to a basket of six other foreign currencies. This basket includes the euro, the Swiss franc, the Japanese yen, the Canadian dollar, the British pound, and the Swedish króna. The index was created in 1973, after the arrival of the petrodollar and the dissolution of the Bretton Woods Agreement. Today, most of these currencies remain connected to the United States' largest trade partners. The relevance of the DXY Index The index focuses on trade and the strength of the U.S. dollar against specific currencies. It less on inflation or devaluation, which is measured in alternative metrics like the Big Mac Index. Indeed, as the methodology behind the DXY Index has only been updated once – when the euro arrived in 1999 – some argue this composition is not accurate to the current state of the world. The price development of the U.S. dollar affects many things, including commodity prices in general.

Hong Kong Spot Exchange Rate: Period Avg: HK$ per Canadian Dollar data was reported at 5.936 HKD/CAD in Nov 2018. This records a decrease from the previous number of 6.021 HKD/CAD for Oct 2018. Hong Kong Spot Exchange Rate: Period Avg: HK$ per Canadian Dollar data is updated monthly, averaging 5.857 HKD/CAD from Jan 1975 (Median) to Nov 2018, with 527 observations. The data reached an all-time high of 8.146 HKD/CAD in Jul 2011 and a record low of 4.010 HKD/CAD in Feb 1979. Hong Kong Spot Exchange Rate: Period Avg: HK$ per Canadian Dollar data remains active status in CEIC and is reported by Hong Kong Monetary Authority. The data is categorized under Global Database’s Hong Kong SAR – Table HK.M006: Forex and Effective Exchange Rate Index.

This table contains 5 series, with data for years 1972 - 2010 (not all combinations necessarily have data for all years), and was last released on 2010-05-12. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...) Commodity (5 items: Total; all commodities; Food; Total excluding energy; Energy ...).

This table contains 7 series, with data starting from 1972 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada), Commodity (7 items: Total, all commodities; Total excluding energy; Energy; Metals and Minerals; ...).

One United States dollar was worth over ****** Indonesian rupiah in May 2024, the highest value in a comparison of over 50 different currencies worldwide. All countries and territories shown here are based on the Big Mac Index - a measurement of how much a single Big Mac is worth across different areas in the world. This exchange rate comparison reveals a strong position of the dollar in Asia and Latin America. Note, though, that several of the top currencies shown here do not rank among the most traded. The quarterly U.S. dollar exchange rate against the ten biggest forex currencies only contains the Korean won and the Japanese yen.

Global foreign exchange (gross - gross), for options, total (all currencies), canadian dollar, total (all maturities), total (all counterparties), All countries (total), All countries (total), total (all ratings), total (all sectors), total (all methods), herfindahl index

The Canadian effective exchange rate index (CEER) is the measurement of Canada's dollar exchange rate with its major trading partners with a weighted average. CEER includes 17 currencies, that account at least for 0.5% of Canadian non-oil exports and imports. The data for this report is sourced from the Bank of Canada and the Bank of International Settlements and the annual figures are the equally weighted averages of monthly values.

Global interest rate (gross - gross), for interest rate swaps, total (all currencies), canadian dollar, total (all maturities), non-reporters, All countries (total), All countries (total), total (all ratings), total (all sectors), total (all methods), herfindahl index

Global foreign exchange (gross - gross), for options, total (all currencies), canadian dollar, total (all maturities), non-reporters, All countries (total), All countries (total), total (all ratings), total (all sectors), total (all methods), herfindahl index

This table contains 5 series, with data for years 1972 - 2010 (not all combinations necessarily have data for all years), and was last released on 2010-05-12. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...) Commodity (5 items: Total; all commodities; Food; Total excluding energy; Energy ...).

Graph and download economic data for Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Canada (CCUSMA02CAQ661N) from Q1 1960 to Q4 2023 about Canada, exchange rate, currency, and rate.

Key information about Canada Real Effective Exchange Rate

• Canada Real Effective Exchange Rate (REER: 2005=100: Month Avg: Canada) was 88.4 in Dec 2024, compared with the number of 90.0 in the previous month.
• Canada Real Effective Exchange Rate data is updated monthly and averaged 116.5 from Jan 1999 to Dec 2024.
• The data reached an all-time high of 116.5 in Oct 2007 and a record low of 80.5 in Nov 2001.

• In the latest reports, Canada Short Term Interest Rate: Month End: Treasury Bills Yield: 3 Months was reported at 2.9 % pa in Jan 2025.
• The cash rate (Policy Rate: Month End: Overnight Target Rate) was set at 3.0 % pa in Jan 2025.
• Canada Exchange Rate against USD averaged 1.3 (USD/CAD) in Jun 2023.

Macau Exchange Rate: AMCM: Period Avg: MOP to Canadian Dollar data was reported at 620.596 MOP/100 CAD in Oct 2018. This records an increase from the previous number of 618.866 MOP/100 CAD for Sep 2018. Macau Exchange Rate: AMCM: Period Avg: MOP to Canadian Dollar data is updated monthly, averaging 622.655 MOP/100 CAD from Jun 1984 (Median) to Oct 2018, with 413 observations. The data reached an all-time high of 839.022 MOP/100 CAD in Jul 2011 and a record low of 501.970 MOP/100 CAD in Jan 2002. Macau Exchange Rate: AMCM: Period Avg: MOP to Canadian Dollar data remains active status in CEIC and is reported by Monetary Authority of Macao. The data is categorized under Global Database’s Macau – Table MO.M004: Foreign Exchange Rate and Exchange Rate Index.

Macau Exchange Rate: AMCM: MOP to Canadian Dollar data was reported at 606.460 MOP/100 CAD in Nov 2018. This records a decrease from the previous number of 615.970 MOP/100 CAD for Oct 2018. Macau Exchange Rate: AMCM: MOP to Canadian Dollar data is updated monthly, averaging 622.145 MOP/100 CAD from Jun 1984 (Median) to Nov 2018, with 414 observations. The data reached an all-time high of 844.410 MOP/100 CAD in Jul 2011 and a record low of 499.110 MOP/100 CAD in Feb 2002. Macau Exchange Rate: AMCM: MOP to Canadian Dollar data remains active status in CEIC and is reported by Monetary Authority of Macao. The data is categorized under Global Database’s Macau SAR – Table MO.M004: Foreign Exchange Rate and Exchange Rate Index.

Graph and download economic data for Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Canada (CCUSMA02CAA661N) from 1960 to 2023 about Canada, exchange rate, currency, and rate.

This table contains 27 series, with data starting from 1981 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada) Type of currency (27 items: Australian dollar, monthly average; Brazilian real, monthly average; Chinese renminbi, monthly average; European euro, monthly average; ...).

A graphic that displays the dollar performance against other currencies reveals that economic developments had mixed results on currency exchanges. The third quarter of 2023 marked a period of disinflation in the euro area, while China's projected growth was projected to go up. The United States economy was said to have a relatively strong performance in Q3 2023, although growing capital market interest rate and the resumption of student loan repayments might dampen this growth at the end of 2023. A relatively weak Japanese yen Q3 2023 saw pressure from investors towards Japanese authorities on how they would respond to the situation surrounding the Japanese yen. The USD/JPY rate was close to ***, whereas analysts suspected it should be around ** given the country's purchase power parity. The main reason for this disparity is said to be the differences in central bank interest rates between the United States, the euro area, and Japan. Any future aggressive changes from, especially the U.S. Fed might lower those differences. Financial markets responded somewhat disappoint when Japan did not announce major plans to tackle the situation. Potential rent decreases in 2024 Central bank rates peak in 2023, although it is expected that some of these will decline in early 2024. That said, analysts expect overall policies will remain restrictive. For example, the Bank of England's interest rate remained unchanged at **** percent in Q3 2023. It is believed the United Kingdom's central bank will ease its interest rate in 2024 but less than either the U.S. Fed or the European Central Bank. This should be a positive development for the pound compared to either the euro or the dollar.

At **** U.S. dollars, Switzerland has the most expensive Big Macs in the world, according to the January 2025 Big Mac index. Concurrently, the cost of a Big Mac was **** dollars in the U.S., and **** U.S. dollars in the Euro area. What is the Big Mac index? The Big Mac index, published by The Economist, is a novel way of measuring whether the market exchange rates for different countries’ currencies are overvalued or undervalued. It does this by measuring each currency against a common standard – the Big Mac hamburger sold by McDonald’s restaurants all over the world. Twice a year the Economist converts the average national price of a Big Mac into U.S. dollars using the exchange rate at that point in time. As a Big Mac is a completely standardized product across the world, the argument goes that it should have the same relative cost in every country. Differences in the cost of a Big Mac expressed as U.S. dollars therefore reflect differences in the purchasing power of each currency. Is the Big Mac index a good measure of purchasing power parity? Purchasing power parity (PPP) is the idea that items should cost the same in different countries, based on the exchange rate at that time. This relationship does not hold in practice. Factors like tax rates, wage regulations, whether components need to be imported, and the level of market competition all contribute to price variations between countries. The Big Mac index does measure this basic point – that one U.S. dollar can buy more in some countries than others. There are more accurate ways to measure differences in PPP though, which convert a larger range of products into their dollar price. Adjusting for PPP can have a massive effect on how we understand a country’s economy. The country with the largest GDP adjusted for PPP is China, but when looking at the unadjusted GDP of different countries, the U.S. has the largest economy.

The trade-weighted index (TWI), also known as the real broad index, measures the strength of the US dollar relative to the currencies of the nation's trading partners. Weightings are determined by the share of trade with each country, with the five largest allocated to the Euro, Canadian dollar, Chinese yuan, Japanese yen and Mexican peso. These five currencies account for over two-thirds of the TWI. The data for this report is price adjusted (i.e. real) and sourced from the Economic Research Division of the Federal Reserve. Figures are based to an index value of 100 at January 2006.