The Canadian dollar broke past the 1.28 per USD mark, its highest in two months, lifted by a weaker dollar after a smaller-than-expected US inflation reading reduced bets on an aggressive interest rate hike by the Federal Reserve next month. Domestically, the central bank is expected to continue its tightening cycle with the possibility of more rate hikes until the end of the year. The Bank of Canada surprised markets by increasing its benchmark rate by 100bps in July while signaling further tightening to tame the sky-high inflation. The annual inflation rate broke a fresh 39-year high in June but rose less than market expectations.

Historically, the Canadian Dollar reached an all time high of 1.62 in January of 2002. Canadian Dollar - data, forecasts, historical chart - was last updated on August of 2022.

The Canadian Dollar is expected to trade at 1.31 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.36 in 12 months time.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Canadian Dollar


Majors Price Day Year
EURUSD 1.0259 -0.0060 -0.58% -13.03%
GBPUSD 1.2135 -0.0057 -0.46% -12.46%
AUDUSD 0.7107 0.0005 0.07% -3.46%
NZDUSD 0.6440 0.0005 0.07% -8.56%
USDJPY 133.5760 0.4790 0.36% 21.88%
USDCNY 6.7380 -0.0056 -0.08% 4.05%
USDCHF 0.9430 0.0023 0.24% 3.03%
USDCAD 1.2781 0.0020 0.16% 2.14%
USDMXN 19.8712 -0.0568 -0.29% 0.05%
USDINR 79.6510 0.0710 0.09% 7.29%
USDBRL 5.0851 -0.0730 -1.42% -3.08%
USDRUB 60.2500 -0.3500 -0.58% -17.64%
USDKRW 1,299.9890 -5.1510 -0.39% 11.94%
DXY 105.6961 0.6061 0.58% 14.24%
USDTRY 17.9440 -0.0109 -0.06% 110.68%
USDSEK 10.1961 0.1445 1.44% 18.12%
USDPLN 4.5446 0.0098 0.22% 17.44%
USDNOK 9.5713 0.0485 0.51% 8.88%
USDZAR 16.2446 -0.0219 -0.13% 10.35%
USDDKK 7.2510 0.0444 0.62% 15.04%
USDSGD 1.3716 0.0020 0.14% 1.24%
USDILS 3.2352 -0.0093 -0.29% 0.67%
USDHKD 7.8385 -0.0060 -0.08% 0.72%
USDCLP 881.0000 -2.9000 -0.33% 13.61%
USDPKR 219.3000 0 0% 34.05%
USDCZK 23.7372 0.1932 0.82% 10.25%
USDHUF 383.7310 1.3910 0.36% 28.47%
Crosses Price Day Year
USDCAD 1.2781 0.0020 0.16% 2.14%
EURCAD 1.3113 -0.0066 -0.50% -11.20%
GBPCAD 1.5511 -0.0083 -0.53% -10.65%
AUDCAD 0.9085 0.0015 0.16% -1.58%
NZDCAD 0.8230 0.0019 0.23% -6.61%
CADJPY 104.4690 -0.2510 -0.24% 19.35%
CADCNY 5.2713 -0.0075 -0.14% 1.88%
CADCHF 0.7377 0.0008 0.10% 0.88%
CADARS 105.2034 0.2946 0.28% 36.02%
CADBRL 4.0410 -0.0011 -0.03% -3.62%
CADCZK 18.5370 0.0870 0.47% 7.74%
CADDKK 5.6631 0.0157 0.28% 12.42%
CADHUF 298.9982 -0.6178 -0.21% 25.26%
CADIDR 11,486.6453 -83.7646 -0.72% 0.05%
CADINR 62.3905 0.0287 0.05% 5.16%
CADKRW 1,018.6810 -4.0758 -0.40% 9.76%
CADMXN 15.6305 0.0142 0.09% -1.52%
CADMYR 3.4799 -0.0018 -0.05% 2.79%
CADRUB 47.7410 0.2526 0.53% -18.34%


Canadian Dollar
The USDCAD spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the CAD. While the USDCAD spot exchange rate is quoted and exchanged in the same day, the USDCAD forward rate is quoted today but for delivery and payment on a specific future date.
Actual Previous Highest Lowest Dates Unit Frequency
1.28 1.28 1.62 0.91 1992 - 2022 Daily