The USDCAD decreased 0.0004 or 0.03% to 1.4262 on Thursday March 27 from 1.4266 in the previous trading session. Canadian Dollar - values, historical data, forecasts and news - updated on March of 2025.

Graph and download economic data for Canadian Dollars to U.S. Dollar Spot Exchange Rate (DEXCAUS) from 1971-01-04 to 2025-03-21 about Canada, exchange rate, currency, rate, and USA.

Prices for USDCAD US Dollar Canadian Dollar including live quotes, historical charts and news. USDCAD US Dollar Canadian Dollar was last updated by Trading Economics this March 27 of 2025.

Canada Foreign Exchange Rate: Daily Average: US Dollar data was reported at 1.430 USD/CAD in Feb 2025. This records a decrease from the previous number of 1.439 USD/CAD for Jan 2025. Canada Foreign Exchange Rate: Daily Average: US Dollar data is updated monthly, averaging 1.323 USD/CAD from Jan 2017 (Median) to Feb 2025, with 98 observations. The data reached an all-time high of 1.439 USD/CAD in Jan 2025 and a record low of 1.213 USD/CAD in May 2021. Canada Foreign Exchange Rate: Daily Average: US Dollar data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.M013: Foreign Exchange Rate.

Canada Foreign Exchange Rate: Daily Average: End of Period: US Dollar data was reported at 1.314 CAD/USD in Jan 2019. This records a decrease from the previous number of 1.364 CAD/USD for Dec 2018. Canada Foreign Exchange Rate: Daily Average: End of Period: US Dollar data is updated monthly, averaging 1.298 CAD/USD from Jan 2017 (Median) to Jan 2019, with 25 observations. The data reached an all-time high of 1.366 CAD/USD in Apr 2017 and a record low of 1.229 CAD/USD in Jan 2018. Canada Foreign Exchange Rate: Daily Average: End of Period: US Dollar data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.M009: Foreign Exchange Rate: Daily Average.

This table contains 45 series, with data for years 1950 - 2015 (not all combinations necessarily have data for all years), and was last released on 2016-01-05. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Type of currency (45 items: United States dollar; noon spot rate; average; Danish krone; noon spot rate; average; French franc; noon spot rate; average; Belgian franc; noon spot rate; average ...).

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Foreign Exchange Market Size 2025-2029

The foreign exchange market size is forecast to increase by USD 582 billion at a CAGR of 10.6% between 2024 and 2029.

The market continues to evolve, driven by several key trends and challenges. One significant trend is the increasing use of money transfer agencies, venture capital investments, and mutual funds in foreign exchange transactions. The Internet of Things (IoT) and artificial intelligence (AI) revolutionize banking and financial services, enabling real-time personal finance software and content delivery for travelers and businesses. The uncertainty of future exchange rates fuels the demand for 24x7 trading opportunities. As urbanization progresses and digitalization becomes more prevalent, the market is expected to grow, offering numerous opportunities for businesses and investors.

What will be the Size of the Foreign Exchange Market During the Forecast Period?

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The market, also known as the forex or FX market, is a decentralized global market for the trading of currencies. It facilitates the conversion of one currency into another for various reasons, including international trade, tourism, hedging, speculation, and investment. Participants in this market include financial institutions, non-financial customers, individuals, retailers, corporate institutes, and central banks. Currencies are traded 24 hours a day, five days a week, due to the presence of multiple time zones and the interbank network.
Currency swaps, interest rate differentials, monetary interventions, economic indicators, political developments, and investment flows are some of the key drivers influencing the market. International trade, balance of payments, and economic instability in various countries also significantly impact currency values. Speculation and hedging activities, particularly by corporations and financial institutions, contribute to the volatility of currency rates. The market is increasingly leveraging artificial intelligence and Internet of Things technologies to optimize trading strategies, with mutual funds utilizing these advancements to enhance portfolio performance and manage currency risk more efficiently. The forex market plays a crucial role in facilitating international business transactions and managing risks associated with currency fluctuations.

How is this Foreign Exchange Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.TypeReporting dealersFinancial institutionsNon-financial customersTrade Finance InstrumentsCurrency swapsOutright forward and FX swapsFX optionsCounterpartyReporting DealersOther Financial InstitutionsNon-Financial CustomersGeographyNorth AmericaCanadaUSEuropeGermanyUKAPACChinaIndiaJapanSouth AmericaBrazilMiddle East and Africa

By Type Insights

The reporting dealers segment is estimated to witness significant growth during the forecast period. The market, also known as Forex or FX, is a global financial market where participants buy, sell, and exchange currencies. This market involves various market participants, including financial institutions, non-financial customers, and corporations. Currency swaps, individuals, retailers, corporates, hedge funds, wealth managers, and foreign exchange services are among the key players. The markets facilitate international trade and investment flows, with economic indicators, political developments, inflationary pressures, and interest rate differentials influencing currency values. Monetary interventions, speculation, and risk appetite are also significant factors.
Modern technology and electronic platforms have increased efficiency and accessibility, enabling 24-hour operation. Currency exchange services, monetary policies, and regulations, including those by central banks, impact the market. Economic events, financial crises, and strategic corporate activities can cause volatility. Hedging strategies, accessible platforms, and personal finance considerations are essential for individual investors, small businesses, and multinational corporations dealing with major currency pairs. Online trading platforms and trade balances are crucial for managing currency risks in an increasingly globalized business environment.

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The Reporting dealers segment was valued at USD 278.60 billion in 2019 and showed a gradual increase during the forecast period.

Currency pairs are the foundation of forex trading, with spot trading being one of the most common methods of buying and selling currencies. Forward contracts and swap deals offer traders the ability to lock in exchange rates for future transactions, managing ris

A tabular presentation of private sector exchange rate forecasts, includes 2013 and 2014 average annual exchange rate by financial institution, for conversion of United States cents to Canadian dollars, as of May 23,2013

Canada CA: DEC Alternative Conversion Factor: per USD data was reported at 1.350 USD/CAD in 2023. This records an increase from the previous number of 1.302 USD/CAD for 2022. Canada CA: DEC Alternative Conversion Factor: per USD data is updated yearly, averaging 1.178 USD/CAD from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 1.569 USD/CAD in 2002 and a record low of 0.970 USD/CAD in 1960. Canada CA: DEC Alternative Conversion Factor: per USD data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.WDI: Exchange Rates and Real Effective Exchange Rates. The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.;International Monetary Fund, International Financial Statistics, supplemented by World Bank staff estimates.;;In the WDI database, the DEC alternative conversion factor is used to convert data in local currency units (LCU) into U.S. dollars.

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 150, whereas analysts suspected it should be around 90 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 5.25 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.

Canada Core Inflation Nowcast: sa: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Daily Average: US Dollar data was reported at 0.000 % in 03 Mar 2025. This stayed constant from the previous number of 0.000 % for 24 Feb 2025. Canada Core Inflation Nowcast: sa: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Daily Average: US Dollar data is updated weekly, averaging 0.000 % from Jan 2018 (Median) to 03 Mar 2025, with 374 observations. The data reached an all-time high of 14.614 % in 18 Mar 2024 and a record low of 0.000 % in 03 Mar 2025. Canada Core Inflation Nowcast: sa: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Daily Average: US Dollar data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Canada – Table CA.CEIC.NC: CEIC Nowcast: Inflation: Core.

One United States dollar was worth over 15,000 Indonesian rupiah in March 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 10 biggest forex currencies only contains the Korean won and the Japanese yen.

Canada CEER: Nominal: Excluding US Dollar data was reported at 123.530 1999=100 in Feb 2025. This records a decrease from the previous number of 123.810 1999=100 for Jan 2025. Canada CEER: Nominal: Excluding US Dollar data is updated monthly, averaging 120.405 1999=100 from Jan 1999 (Median) to Feb 2025, with 314 observations. The data reached an all-time high of 133.050 1999=100 in Oct 2007 and a record low of 95.070 1999=100 in Jan 1999. Canada CEER: Nominal: Excluding US Dollar data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.M015: Canadian Effective Exchange Rate.

Colombia Foreign Exchange Rate: Month End: Canadian Dollar: Buy data was reported at 2,859.797 CAD/COP in Feb 2025. This records a decrease from the previous number of 2,879.046 CAD/COP for Jan 2025. Colombia Foreign Exchange Rate: Month End: Canadian Dollar: Buy data is updated monthly, averaging 2,227.729 CAD/COP from Dec 2007 (Median) to Feb 2025, with 207 observations. The data reached an all-time high of 3,549.701 CAD/COP in Dec 2022 and a record low of 1,709.169 CAD/COP in Aug 2010. Colombia Foreign Exchange Rate: Month End: Canadian Dollar: Buy data remains active status in CEIC and is reported by Bank of the Republic of Colombia. The data is categorized under Global Database’s Colombia – Table CO.M009: Foreign Exchange Rate.

Belarus Foreign Exchange Rate: Month End: Canadian Dollar data was reported at 2.217 CAD/BYN in Feb 2025. This records a decrease from the previous number of 2.368 CAD/BYN for Jan 2025. Belarus Foreign Exchange Rate: Month End: Canadian Dollar data is updated monthly, averaging 1.902 CAD/BYN from Jul 2016 (Median) to Feb 2025, with 104 observations. The data reached an all-time high of 2.567 CAD/BYN in Nov 2024 and a record low of 1.369 CAD/BYN in Apr 2017. Belarus Foreign Exchange Rate: Month End: Canadian Dollar data remains active status in CEIC and is reported by National Bank of the Republic of Belarus. The data is categorized under Global Database’s Belarus – Table BY.M011: Foreign Exchange Rate: Month End.

The statistic shows the gross domestic product (GDP) in Canada from 1987 to 2023, with projections up until 2029. In 2023, the gross domestic product in Canada was around 2.14 trillion U.S. dollars.

The economy of Canada

Canada is the second biggest country in the world after Russia and the biggest country in North America. Despite its large size, Canada has a relatively small population of just around 35.9 million people. However, the total population in Canada is estimated to grow to around 37.5 million inhabitants in 2020. The standard of living in the country is pretty high, the life expectancy as of 2013 in Canada ranks as one of the highest in the world. In addition, the country ranks number eight on the Human Development Index (HDI) worldwide.

All key factors point to a stable and sustainable economy. Not only is Canada’s population increasing, but the economy has been slowly recovering after the global financial crisis in 2008. The unemployment rate in Canada in 2010 was at approximately 8 percent (263696). Today, the unemployment rate in Canada is estimated to be around 6.8 percent, and it is estimated to decrease further. During the financial crisis in 2008, Canada's inflation rate amounted to around 2.4 percent. By 2013, the inflation rate was at less than 1 percent in comparison to the previous year.

Canada is considered to be one of the world’s wealthiest countries. By value of private financial wealth, Canada ranked seventh along with Italy. In addition, its gross domestic product per capita in 2014 was among the largest in the world and during the same year, its gross domestic product increased by over 2.5 percent in comparison to the previous year. Canada’s economic growth has been a result of its political stability and economic reforms following the global financial crisis. In the period between 2009 and 2010, Canada was among the leading countries with the highest political stability in the world.

The price per unit in the 'Telephony' segment of the consumer electronics market in Canada was forecast to continuously increase between 2024 and 2029 by in total 5.3 U.S. dollars (+1.42 percent). According to this forecast, in 2029, the indicator will have increased for the fifth consecutive year to 377.76 U.S. dollars. Find further information concerning the revenue in the 'VR Headsets' segment of the consumer electronics market in Brazil and the revenue in the 'PC Monitors & Projectors' segment of the consumer electronics market in Germany. The Statista Market Insights cover a broad range of additional markets.

Turkey Foreign Exchange Rate: Spot: Sell: Canadian Dollar data was reported at 3.902 TRY/CAD in Nov 2018. This records a decrease from the previous number of 4.222 TRY/CAD for Oct 2018. Turkey Foreign Exchange Rate: Spot: Sell: Canadian Dollar data is updated monthly, averaging 0.398 TRY/CAD from May 1981 (Median) to Nov 2018, with 451 observations. The data reached an all-time high of 4.968 TRY/CAD in Aug 2018 and a record low of 0.000 TRY/CAD in May 1981. Turkey Foreign Exchange Rate: Spot: Sell: Canadian Dollar data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.M009: Foreign Exchange Rate: Spot and Effective.

Kyrgyzstan Foreign Exchange Rate: NBAverage: Canadian Dollar data was reported at 53.155 KGS/CAD in Nov 2018. This records a decrease from the previous number of 53.203 KGS/CAD for Oct 2018. Kyrgyzstan Foreign Exchange Rate: NBAverage: Canadian Dollar data is updated monthly, averaging 47.201 KGS/CAD from Jan 2007 (Median) to Nov 2018, with 143 observations. The data reached an all-time high of 56.018 KGS/CAD in Sep 2017 and a record low of 31.751 KGS/CAD in Dec 2008. Kyrgyzstan Foreign Exchange Rate: NBAverage: Canadian Dollar data remains active status in CEIC and is reported by National Bank of the Kyrgyz Republic. The data is categorized under Global Database’s Kyrgyzstan – Table KG.M006: Foreign Exchange Rate: National Bank of the Kyrgyz Republic.

A tabular presentation of private sector exchange rate forecasts, includes 2012 and 2013 average annual exchange rate by financial institution, for conversion of United States cents to Canadian dollars, as of January 05,2012