The USD/CAD exchange rate rose to 1.3996 on October 24, 2025, up 0.03% from the previous session. Over the past month, the Canadian Dollar has weakened 0.39%, and is down by 0.75% over the last 12 months. Canadian Dollar - values, historical data, forecasts and news - updated on October of 2025.

Canada CA: Purchasing Power Parity: National Currency per USD data was reported at 1.178 USD/CAD in Dec 2026. This records a decrease from the previous number of 1.178 USD/CAD for Sep 2026. Canada CA: Purchasing Power Parity: National Currency per USD data is updated quarterly, averaging 1.193 USD/CAD from Mar 1961 (Median) to Dec 2026, with 264 observations. The data reached an all-time high of 1.254 USD/CAD in Sep 2015 and a record low of 0.878 USD/CAD in Mar 1962. Canada CA: Purchasing Power Parity: National Currency per USD data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: Exchange Rate: Forecast: OECD Member: Quarterly. PPP - Purchasing power parity, national currency per USD

Graph and download economic data for Canadian Dollars to U.S. Dollar Spot Exchange Rate (DEXCAUS) from 1971-01-04 to 2025-10-17 about Canada, exchange rate, currency, rate, and USA.

Key information about Canada Exchange Rate against USD

• Canada Exchange Rate against USD averaged 1.352 (USD/CAD) in May 2023, compared with 1.348 USD/CAD in the previous month.
• Canada Exchange Rate against USD data is updated monthly, available from Jan 1957 to May 2023.
• The data reached an all-time high of 1.600 in Jan 2002 and a record low of 0.948 in Oct 1959.

• In the latest reports, Canada Short Term Interest Rate: Month End: Treasury Bills Yield: 3 Months was reported at 4.590 % pa in May 2023.
• Its Long Term Interest Rate (Government Benchmark Bonds Yield: Month End: 10 Years) was reported at 3.180 % pa in May 2023.
• The cash rate (Policy Rate: Month End: Overnight Target Rate) was set at 4.500 % pa in May 2023.

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 October 24 of 2025.

Snapshot img

Foreign Exchange Market Size 2025-2029

The foreign exchange market size is valued to increase by USD 582 billion, at a CAGR of 10.6% from 2024 to 2029. Growing urbanization and digitalization will drive the foreign exchange market.

Major Market Trends & Insights

Europe dominated the market and accounted for a 47% growth during the forecast period.
By Type - Reporting dealers segment was valued at USD 278.60 billion in 2023
By Trade Finance Instruments - Currency swaps segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 118.14 billion
Market Future Opportunities: USD 582.00 billion
CAGR from 2024 to 2029 : 10.6%

Market Summary

The market, a dynamic and intricate web of financial transactions, plays a pivotal role in facilitating global trade and economic interactions. Its primary function is to enable the conversion of one currency into another, thereby mitigating the risk of currency fluctuations for businesses and investors. Key drivers of this market include growing urbanization and digitalization, which have expanded trading opportunities to a 24x7 global economy. However, the uncertainty of future exchange rates poses a significant challenge, necessitating effective risk management strategies. The market's evolution reflects the increasing interconnectedness of the global economy. Transactions occur in a decentralized, over-the-counter system, with major trading centers in London, New York, and Tokyo.
Participants include commercial banks, investment banks, hedge funds, and individual investors, all seeking to capitalize on price differences between currencies. Trends shaping the market include the increasing use of automation and artificial intelligence to analyze market data and execute trades. Regulatory changes, such as the introduction of stricter capital requirements, also impact the market's functioning. Looking ahead, the market is expected to remain a vital component of the global financial landscape, with continued growth driven by increased trade and economic interdependence. However, challenges, such as regulatory changes and geopolitical risks, will necessitate adaptability and innovation from market participants.

What will be the Size of the Foreign Exchange Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Foreign Exchange Market Segmented ?

The foreign exchange 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.

Type

  Reporting dealers
  Financial institutions
  Non-financial customers


Trade Finance Instruments

  Currency swaps
  Outright forward and FX swaps
  FX options


Trading Platforms

  Electronic Trading
  Over-the-Counter (OTC)
  Mobile Trading


Geography

  North America

    US
    Canada


  Europe

    Germany
    Switzerland
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The reporting dealers segment is estimated to witness significant growth during the forecast period.

The market, a dynamic and ever-evolving financial landscape, is characterized by constant activity and intricate patterns. Participants engage in various trading strategies, employing advanced tools such as stop-loss and take-profit orders on forex trading platforms. Real-time data feeds and order book dynamics facilitate trade execution speed, while market microstructure and slippage minimization techniques ensure efficient transactions. Currency correlation analysis and transaction cost analysis are integral to informed decision-making, with backtesting methodologies providing valuable insights. Currency forwards contracts, position sizing techniques, and forex derivatives pricing are essential components of risk management systems. Carry trade strategies, hedging strategies, and interest rate parity are popular tactics employed by market participants.

Algorithmic trading strategies, driven by options pricing models and trading algorithms' efficiency, significantly influence price discovery mechanisms. High-frequency trading and volatility modeling contribute to the market's liquidity risk management, while foreign exchange swaps and currency option valuation help manage risk. The market's complexities necessitate sophisticated risk management systems and intricate order routing optimization. Global payments systems facilitate the smooth transfer of funds, and liquidity risk management remains a critical concern for market participants. According to recent studies, The market is estimated to account for approximately USD6 trillion in daily trading volume, und

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 ...).

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

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 Official Exchange Rate: Period Average: Local Currency to USD data was reported at 1.417 USD/CAD in 2025. This records an increase from the previous number of 1.370 USD/CAD for 2024. Canada Official Exchange Rate: Period Average: Local Currency to USD data is updated yearly, averaging 1.298 USD/CAD from Dec 1987 (Median) to 2025, with 39 observations. The data reached an all-time high of 1.570 USD/CAD in 2002 and a record low of 0.989 USD/CAD in 2011. Canada Official Exchange Rate: Period Average: Local Currency to 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.GEM: Foreign Exchange Rates: Annual. Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).

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.

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.

Canada Core Inflation Nowcast: sa: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Daily Average: US Dollar data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 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 12 May 2025, with 384 observations. The data reached an all-time high of 14.614 % in 18 Mar 2024 and a record low of 0.000 % in 12 May 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.

Canada CEER: Nominal: Excluding US Dollar data was reported at 122.610 1999=100 in Apr 2025. This records an increase from the previous number of 121.120 1999=100 for Mar 2025. Canada CEER: Nominal: Excluding US Dollar data is updated monthly, averaging 120.510 1999=100 from Jan 1999 (Median) to Apr 2025, with 316 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.M016: Canadian Effective Exchange Rate.

Canada CEER: Real: Excluding US Dollar data was reported at 112.950 1999=100 in Mar 2025. This records a decrease from the previous number of 114.980 1999=100 for Feb 2025. Canada CEER: Real: Excluding US Dollar data is updated monthly, averaging 112.640 1999=100 from Jan 1999 (Median) to Mar 2025, with 315 observations. The data reached an all-time high of 131.870 1999=100 in Oct 2007 and a record low of 94.700 1999=100 in Jan 1999. Canada CEER: Real: 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.M016: Canadian Effective Exchange Rate.

Canada CA: Gross Domestic Product (GDP): Volume: 2015 Exchange Rates: USD data was reported at 1,849.855 USD bn in Dec 2025. This records an increase from the previous number of 1,838.845 USD bn for Sep 2025. Canada CA: Gross Domestic Product (GDP): Volume: 2015 Exchange Rates: USD data is updated quarterly, averaging 892.656 USD bn from Mar 1961 (Median) to Dec 2025, with 260 observations. The data reached an all-time high of 1,849.855 USD bn in Dec 2025 and a record low of 275.923 USD bn in Mar 1961. Canada CA: Gross Domestic Product (GDP): Volume: 2015 Exchange Rates: USD data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: GDP by Expenditure: Volume: Forecast: OECD Member: Quarterly. GDPV_USD-Gross domestic product, US $, volume, constant exchange rates, EO base yearExpenditure approach OECD calculation, see OECD Economic Outlook database documentation

Canada CA: Gross Domestic Product (GDP): Volume: 2015 Exchange Rates: USD: Double Hit Scenario data was reported at 1,580.000 USD bn in Dec 2021. This records an increase from the previous number of 1,560.000 USD bn for Sep 2021. Canada CA: Gross Domestic Product (GDP): Volume: 2015 Exchange Rates: USD: Double Hit Scenario data is updated quarterly, averaging 876.000 USD bn from Mar 1961 (Median) to Dec 2021, with 244 observations. The data reached an all-time high of 1,690.000 USD bn in Dec 2019 and a record low of 277.000 USD bn in Mar 1961. Canada CA: Gross Domestic Product (GDP): Volume: 2015 Exchange Rates: USD: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: GDP by Expenditure: Volume: Forecast: OECD Member: Quarterly. GDPV_USD-Gross domestic product, US $, volume, constant exchange rates, EO base yearExpenditure approach OECD calculation, see OECD Economic Outlook, Database Inventory OECD Economic Outlook, Database Inventory:https://www.oecd.org/eco/outlook/Database_Inventory.pdf

The benchmark interest rate in Canada was last recorded at 2.50 percent. This dataset provides - Canada Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Snapshot img

Weather Forecasting Services Market Size 2025-2029

The weather forecasting services market size is valued to increase USD 1.6 billion, at a CAGR of 11.8% from 2024 to 2029. Farmers need weather forecasting services will drive the weather forecasting services market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 40% growth during the forecast period.
By Type - Medium-range segment was valued at USD 555.80 billion in 2023
By Application - Energy and utilities segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 148.85 million
Market Future Opportunities: USD 1595.10 million
CAGR : 11.8%
APAC: Largest market in 2023

Market Summary

The market encompasses a dynamic and essential industry, driven by advancements in core technologies and applications. With the increasing reliance on accurate weather information for various sectors, such as agriculture and renewable energy production, the market's significance continues to grow. For instance, farmers heavily depend on weather forecasting services to optimize crop yields and mitigate potential losses. Moreover, the upsurge in the production of renewable energy necessitates precise weather predictions to ensure efficient energy generation. However, the complexities of weather forecasting models pose significant challenges. These models must account for numerous variables and continually adapt to evolving weather patterns.
One of the major drivers for the market's growth is the increasing adoption of advanced technologies like Artificial Intelligence (AI) and Machine Learning (ML) to improve forecasting accuracy. As of 2021, AI and ML technologies are estimated to account for over 20% of the market share. Despite these advancements, regulatory frameworks and data privacy concerns pose challenges for market growth. Additionally, regional differences in weather patterns and climatic conditions create diverse market opportunities. As the market continues to evolve, stakeholders must navigate these challenges and capitalize on emerging opportunities to remain competitive.

What will be the Size of the Weather Forecasting Services Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Weather Forecasting Services Market Segmented and what are the key trends of market segmentation?

The weather forecasting services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Medium-range
  Long-range
  Short-range
  Nowcasting


Application

  Energy and utilities
  Aviation
  Media and consumer
  Logistics and transportation
  Others


Method

  Ground-based
  Satellite-based
  Model-based


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The medium-range segment is estimated to witness significant growth during the forecast period.

Weather forecasting services play a crucial role in various sectors, including aviation, agriculture, energy, and finance. Ensemble prediction systems analyze multiple forecasts to enhance accuracy, while aviation weather briefings ensure safe flights. Forecasting model validation ensures reliability, and climate prediction systems help understand long-term trends. Weather risk management mitigates potential losses, and air quality forecasting protects public health. Atmospheric data assimilation combines observations and models, and atmospheric circulation patterns provide context. Weather station networks collect essential data, and severe weather warnings save lives. Weather model ensembles offer probabilistic forecasts, and satellite meteorology provides global coverage. UV index prediction safeguards outdoor activities, and weather prediction accuracy depends on data quality control.

Wind energy forecasting optimizes production, and climate change impacts require adaptation strategies. Marine weather forecasts ensure safe maritime travel, and hydrological forecasting manages water resources. Climate modeling techniques explore future scenarios, high-resolution forecasting enhances precision, and agricultural weather services optimize crop yields. Radar meteorology monitors precipitation, numerical weather prediction models simulate weather, and short-range forecasts provide immediate insights. Geospatial weather data offers location-specific information, and extreme weather events require robust response plans. Model output statistics inform decision-making, and long-range forecasting anticipates trends. Mesoscale modeling focuses on local weather pat