The USD/CAD exchange rate rose to 1.3745 on September 1, 2025, up 0.08% from the previous session. Over the past month, the Canadian Dollar has strengthened 0.17%, but it's down by 1.83% over the last 12 months. Canadian Dollar - values, historical data, forecasts and news - updated on September 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 2025-08-22 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 September 1 of 2025.

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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.

Major Market Trends & Insights

Europe dominated the market and accounted for a 47% growth during the forecast period.
By the Type - Reporting dealers segment was valued at USD 278.60 billion in 2023
By the 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 : 10.6%
Europe: Largest market in 2023

Market Summary

The Foreign Exchange (Forex) market, a global financial platform for exchanging one currency for another, is a dynamic and continuously evolving ecosystem. According to the Bank for International Settlements, daily trading volumes reached approximately USD6 trillion in April 2020, representing a significant portion of the world's financial transactions. This market's importance is underscored by its role in facilitating international trade, investment, and tourism. The Forex market's decentralized nature allows for 24/7 trading opportunities, making it an attractive proposition for businesses and investors seeking to manage currency risk or capitalize on price fluctuations. Despite the market's complexity, advanced technologies, such as machine learning and artificial intelligence, are increasingly being adopted to enhance trading strategies and improve risk management.
One significant trend is the increasing use of money transfer agencies, venture capital investments, and mutual funds in foreign exchange transactions. These tools enable real-time analysis of market trends and help forecast exchange rates, providing valuable insights for businesses operating in multiple currencies. The Forex market's influence extends beyond traditional financial sectors, with applications in various industries, including tourism, import/export, and international business. As businesses expand their global footprint and economies continue to interconnect, the role and significance of the Forex market are set to grow further.

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

Explore market size, adoption trends, and growth potential for foreign exchange market Request Free Sample

The market, a vital component of the global financial system, operates without fail, facilitating the conversion of one currency into another. According to recent data, approximately 6% of daily global trading volume is attributed to this market. Looking ahead, growth is projected to reach over 5% annually. Consider the following comparison: the average daily trading volume in the forex market exceeds that of the New York Stock Exchange by a significant margin. In 2020, the former recorded around USD 6 trillion, while the latter saw approximately USD 136 billion. This disparity underscores the market's immense scale and influence.
Moreover, the forex market's liquidity depth enables efficient price discovery, minimizing transaction security concerns and market impact costs. Automated trading bots and order book depth analysis are essential tools for market participants, allowing for effective backtesting strategies and fraud detection systems. Leverage ratios, transaction fees, and margin requirements are essential factors influencing market accessibility and profitability. High-frequency trading and the presence of liquidity providers contribute to market efficiency and statistical arbitrage opportunities. Regulatory compliance and brokerage services further ensure a secure trading environment. Despite payment processing fees and order flow imbalance, risk tolerance levels remain a crucial consideration for participants.

How is this Foreign Exchange Industry 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 is a dynamic and intricate financial ecosystem where businesses and investors transact in various currencies to manage internationa

The U.S. dollar to Canadian dollar exchange rate history shows a decline since 2020, although figures picked up substantially since mid-2022. By August 27, 2025, one U.S. dollar could buy roughly 1.38 Canadian dollars.

Canada Foreign Exchange Rate: Daily Average: US Dollar data was reported at 1.399 USD/CAD in Apr 2025. This records a decrease from the previous number of 1.436 USD/CAD for Mar 2025. Canada Foreign Exchange Rate: Daily Average: US Dollar data is updated monthly, averaging 1.323 USD/CAD from Jan 2017 (Median) to Apr 2025, with 100 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.M014: Foreign Exchange Rate.

United States Spot Exchange Rate: Canadian Dollar to US Dollar data was reported at 1.300 CAD/USD in Oct 2018. This records a decrease from the previous number of 1.303 CAD/USD for Sep 2018. United States Spot Exchange Rate: Canadian Dollar to US Dollar data is updated monthly, averaging 1.211 CAD/USD from Jan 1971 (Median) to Oct 2018, with 574 observations. The data reached an all-time high of 1.600 CAD/USD in Jan 2002 and a record low of 0.955 CAD/USD in Jul 2011. United States Spot Exchange Rate: Canadian Dollar to US Dollar data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.M015: Spot Exchange Rate.

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

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.

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

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.

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.

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.

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).

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.