The USD/CAD exchange rate rose to 1.3686 on July 11, 2025, up 0.22% from the previous session. Over the past month, the Canadian Dollar has weakened 0.61%, and is down by 0.38% over the last 12 months. Canadian Dollar - values, historical data, forecasts and news - updated on July of 2025.

Graph and download economic data for Canadian Dollars to U.S. Dollar Spot Exchange Rate (DEXCAUS) from 1971-01-04 to 2025-07-03 about Canada, exchange rate, currency, rate, and USA.

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 euro-to-dollar exchange rate fluctuated significantly in 2022, reaching its lowest recorded value since 2008 during that time. Figures were different later in the year, however, with a rate of 1.17 USD recorded at the end of June 27, 2025. The average (standardized) measure is based on the calculation of many observations throughout the period in question. It is therefore different from an annual measure at a point, which reflects concrete values as of end of the year. Establishment The euro, which was established in 1992, introduced in non-physical form in 1999 and finally rolled out in 2002, is used by 19 of the 27 member states of the European Union. This group of 19 countries is otherwise known as the eurozone or euro area. By 2018, the total value of euro currency in circulation was almost 1.2 trillion euros, or over 3.4 thousand euros per capita. Euro to USD Between 2001 and 2008, the average annual exchange rate of the euro to the U.S. dollar noted a steep increase. In 2008, the euro to U.S. dollar annual average exchange rate was equal to 1.47, which meant that one euro could buy 1.47 U.S. dollars. By 2019, this value had decreased overall, to a value of 1.12 which meant that one euro could buy 1.12 U.S. dollars. Similar dynamics in the euro to U.S. dollar exchange rate were also reflected in the monthly exchange rate recently.

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.

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 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).

According to Cognitive Market Research, the global Currency Converter App market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The Android systems category is the fastest growing segment of the Currency Converter App industry

Market Dynamics of Currency Converter App Market

Key Drivers for Currency Converter App Market

Rising International Tourism and Travel Business to Boost Market Growth

The expansion of the currency converter app market is mostly due to the increase in international travel and tourism. More tourists are looking for practical ways to manage their cash across many currencies as international travel continues to increase. Real-time conversion rates are provided by currency converter applications, which make it easier for travelers to compute expenses in other nations with speed and accuracy. Frequent travelers will find these apps especially helpful as they help them manage fluctuating exchange rates and make well-informed purchase selections. The need for these apps has also been increased by the growing trend of remote work and digital nomadism since more people live and work abroad and need dependable currency conversion tools to handle their foreign financial transactions effectively.

Growing E-commerce and Cross-border Transactions to Drive Market Growth

The growth of the Currency Converter App Market is primarily being driven by the expansion of e-commerce and the rise in cross-border transactions. The necessity for precise and instantaneous currency conversion has grown as more customers purchase online from foreign merchants. By comparing costs in their local currency, users of currency converter apps may be sure they are getting the greatest deals while making international transactions. These apps help businesses manage their pricing strategies and financial planning across several regions. Furthermore, the growth of online marketplaces and digital payment systems has increased accessibility to cross-border buying, which has increased the need for trustworthy currency conversion tools. This pattern is anticipated to persist as global e-commerce expands, driving up the need for currency converter applications.

Restraint Factor for the Currency Converter App Market

Exchange Rate Fluctuations Will Limit Market Growth

The Currency Converter App Market is severely constrained by changes in exchange rates. These apps' real-time conversion rates may differ from one another due to the ongoing volatility of the world's currency markets. Users trust currency converters to provide accurate and current information, but sudden fluctuations in exchange rates might cause irregularities that could cause losses in value or undermine the app's dependability. Complicating matters further, app developers have to constantly update their systems to reflect the updates in the market, which makes it difficult to retain timely and accurate data across numerous currencies. In addition to limiting their acceptance and slowing market growth, this volatility may discourage users from depending exclusively on these applications when making important financial decisions.

Impact of Covid-19 on the Currency Converter App Market

The market for currency converter apps was greatly impacted by the COVID-19 pandemic. During the pandemic's peak, there was a significant drop in the demand for currency converter apps due to travel restrictions worldwide and a decrease in fo...

Canada CA: Official Rate: Period Average: National Currency per USD data was reported at 1.369 USD/CAD in 2024. This records an increase from the previous number of 1.350 USD/CAD for 2023. Canada CA: Official Rate: Period Average: National Currency per USD data is updated yearly, averaging 1.142 USD/CAD from Dec 1950 (Median) to 2024, with 75 observations. The data reached an all-time high of 1.570 USD/CAD in 2002 and a record low of 0.959 USD/CAD in 1957. Canada CA: Official Rate: Period Average: National Currency per USD data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Canada – Table CA.IMF.IFS: Foreign Exchange Rates: Annual.

Canada CA: Official Rate: End of Period: USD per National Currency data was reported at 0.696 CAD/USD in 2024. This records a decrease from the previous number of 0.754 CAD/USD for 2023. Canada CA: Official Rate: End of Period: USD per National Currency data is updated yearly, averaging 0.862 CAD/USD from Dec 1950 (Median) to 2024, with 75 observations. The data reached an all-time high of 1.050 CAD/USD in 1959 and a record low of 0.628 CAD/USD in 2001. Canada CA: Official Rate: End of Period: USD per National Currency data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Canada – Table CA.IMF.IFS: Foreign Exchange Rates: Annual.

In April 2025, the exchange rate of yuan to U.S. dollar was ****. In the past decades, the yuan has undergone a slow liberalization, being increasingly exposed to the international money market. FOREX history of the Renminbi After the Communist Party took control over China, it introduced a unified currency which has since then undergone many changes. During the planned economy, the yuan had a fixed exchange rate. At the time, the currency’s exchange rate was deliberately set high to support the industrial development, which relied on imports. After the country committed to opening its economy, the Renminbi was gradually exposed to the supply and demand of the global FOREX markets. Until 2005, the yuan remained pegged to the U.S. dollar. Currency manipulator, or not? As China manifested its role in the global economy, the country was repeatedly accused of manipulating the value of its currency. Especially, voices from the United States claimed that Beijing would intentionally keep the value of the yuan low. A cheap Renminbi would make products from China more attractive for foreign buyers which in turn would support the country’s export-driven economy. However, currency manipulation is difficult to make out and even harder to prove, which is why no significant actions have been taken.

The Middle East and Africa Currency Converter App market will be USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031. The market is foreseen to reach USD XX million by 2031, owing to the country's rising app usage for financial analysis in educational institutions and businesses.

The North American Currency Converter App market will be USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031. North America has emerged as a prominent participant, and its sales revenue is estimated to reach USD XX million by 2031. This growth is mainly attributed to the increasing number of mobile apps, which is driven by the widespread use of tablets and smartphones.

Latin America's Currency Converter App market will be USD XX million in 2024 and is estimated to grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031. The market is foreseen to reach USD XX million by 2031 due to rising demand for real-time currency conversion rates and enhanced app usage.

Asia Pacific Currency Converter App market will be USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031. Advances in technology improve the functionality and features of apps, which are expected to aid sales to USD XX million by 2031.

Check out Market Research Intellect's Currency Converter Apps Market Report, valued at USD 1.2 billion in 2024, with a projected growth to USD 2.5 billion by 2033 at a CAGR of 9.5% (2026-2033).

Europe Currency Converter App market will be USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031. Integration with banking and financial services increases app relevance and is expected to aid the sales to USD XX million by 2031

Key information about Canada Policy Rate

• Canada cash rate (Policy Rate: Month End: Overnight Target Rate) was set at 3.00 % pa in Feb 2025, compared with 3.00 % pa in the previous Jan 2025.
• Canada Policy Rate averaged 2.50 % pa and is updated monthly, available from Dec 1992 to Feb 2025.
• The data reached an all-time high of 8.13 % pa in Feb 1995 and a record low of 0.25 % pa in Feb 2022.

• In the latest reports, Canada Short Term Interest Rate: Month End: Treasury Bills Yield: 3 Months was reported at 2.85 % pa in Jan 2025.
• Its Long Term Interest Rate (Government Benchmark Bonds Yield: Month End: 10 Years) was reported at 3.07 % pa in Jan 2025.
• Canada Exchange Rate against USD averaged 1.33 (USD/CAD) in Jun 2023.
• Its Real Effective Exchange Rate was 88.39 in Dec 2024.

官方汇率：期内平均：Local Currency to USD在12-01-2025达1.417USD/CAD，相较于12-01-2024的1.370USD/CAD有所增长。官方汇率：期内平均：Local Currency to USD数据按年更新，12-01-1987至12-01-2025期间平均值为1.298USD/CAD，共39份观测结果。该数据的历史最高值出现于12-01-2002，达1.570USD/CAD，而历史最低值则出现于12-01-2011，为0.989USD/CAD。CEIC提供的官方汇率：期内平均：Local Currency to USD数据处于定期更新的状态，数据来源于World Bank，数据归类于全球数据库的加拿大 – Table CA.World Bank.GEM: Foreign Exchange Rates: Annual。