The USD/CAD exchange rate fell to 1.3831 on September 11, 2025, down 0.22% from the previous session. Over the past month, the Canadian Dollar has weakened 0.44%, and is down by 1.88% over the last 12 months. Canadian Dollar - values, historical data, forecasts and news - updated on September of 2025.

Graph and download economic data for Canadian Dollars to U.S. Dollar Spot Exchange Rate (DEXCAUS) from 1971-01-04 to 2025-09-05 about Canada, exchange rate, currency, rate, and USA.

Prices for CADUSD Canadian Dollar US Dollar including live quotes, historical charts and news. CADUSD Canadian Dollar US Dollar was last updated by Trading Economics this September 11 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

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.

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 ...).

Money Supply M0 in Canada decreased to 214637 CAD Million in June from 220343 CAD Million in May of 2025. This dataset provides - Canada Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Snapshot img

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

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; ...).

The Gross Domestic Product (GDP) in Canada was worth 2241.25 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Canada represents 2.11 percent of the world economy. This dataset provides - Canada GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The value of the Canadian apparel market was estimated to be worth approximately ** billion Canadian dollars in 2023. This figure is estimated to increase to around **** billion U.S. dollars in 2027. The apparel market in Canada is comprised of companies which design, produce and sell clothing, footwear and/or accessories. Who are the key players in the market? The largest specialist apparel retail chain in Canada by number of outlets in 2023 was Mark's. The Canadian chain, which sells casual clothing and workwear, had *** retail outlets. This was almost ** stores more than second-placed Ardene. Reitmans made up the top three chains, with *** outlets. Despite having the most stores, Mark's was ranked fourth when it came to the dollar sales share of apparel retailers in Canada. Winners was the leading apparel retailer in Canada in this regard, with a *** percent share. Winners is owned by TJX companies, which has discount clothing stores around the world. Walmart accounted for *** percent of the Canadian apparel market that year. Trade In 2022, Canada imported far more apparel than it exported. Total imports came to roughly **** billion Canadian dollars. The largest category of imports was women's and girls' clothing, which was worth roughly *** billion dollars. Men's and boys' clothing imports were worth over * billion Canadian dollars. In comparison, Canada exported approximately *** million dollars' worth of men's and boys' clothing, and *** million dollars; worth of women's and girls' clothing.

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

The benchmark interest rate in Canada was last recorded at 2.75 percent. This dataset provides - Canada Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

The value of the Canadian athleisure market was estimated to be worth approximately *** billion Canadian dollars in 2023. This figure is estimated to increase to around *** billion U.S. dollars in 2027.

Inflation Rate in Canada decreased to 1.70 percent in July from 1.90 percent in June of 2025. This dataset provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This statistic shows information on the forecasted sales value of luxury apparel in Canada from 2020 to 2024. In 2024, the sales value of the luxury apparel market was forecast to amount to approximately *** billion Canadian dollars, up from approximately **** billion Canadian dollars generated in 2020.

The exchange rate history of the euro against the Canadian dollar reveals a steady increase since 2015, although several dips did occur. Since 2021, for instance, the EUR/CAD exchange rate steadily declined, with one euro being worth 1.61 Canadian dollars as of the end of August 27, 2025. This is not as sharp a decline as in previous years, however. Between 2009 and 2012, the exchange rate noted a sharp decline in value, with one euro being able to buy around 1.29 Canadian dollars. This sharp decline was most likely associated with the volatile changes brought to the financial markets by the global recession. Since 2012, the annual average euro to Canadian dollar exchange rate has recovered but remains lower than it was back in 1999.

The value of the wine market in Canada was forecast to reach approximately ***** billion Canadian dollars by 2019, an increase in over *** billion Canadian dollars since 2014. This market value translates to an estimated market volume of over *** million liters in 2019. As of December 2018, there were 477 wineries across Canada to support the growing market.

Wine preferences in Canada

A number of factors come into play when purchasing wine including grape variety, origin, price and recommendations. According to a recent survey, over one quarter of Canadian respondents stated that they preferred red wine. White wine ranked in second place with just over ** percent of the vote. There was also a clear preference when it comes to wine origin - Canadian wine was the favorite of almost one quarter of respondents in the same survey. Around ** percent of respondents preferred wine originating from Europe.

Money Supply M2 in Canada increased to 2723735 CAD Million in June from 2715609 CAD Million in May of 2025. This dataset provides - Canada Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.