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    How BestExchangeRates Saves Canadians Money on FX

    For over a decade BestExchangeRates.com has been a trusted voice in foreign exchange in Canada and globally.

    BestExchangeRates compares exchange rates from popular banks and currency specialists to help you avoid hidden and excessive margins and fees when you send and spend abroad.

    We help our users save money by making these fees and exchange rates transparent and easier to compare. With our foreign transfer and currency exchange tools, you can quickly find the cheapest and most convenient way to convert your money.

     


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    Canadian dollar Forecasts & Analysis

    To offer an up-to-date and comprehensive outlook on currency trends, BestExchangeRates.com tracks and compiles data from a range of reputable FX analysts for our users tracking popular Canadian dollar exchange rates. The reports and data we review covers various aspects of the foreign exchange market, such as economic indicators, geopolitical events, central bank policies, and technical analysis.

    Here are some Canadian dollar forecasts popular with our users in Canada:

     

    CAD to USD

     

    Based on recent FX analyst forecasts, the Canadian dollar has struggled against the US dollar due to the risk-on and risk-off environments in financial markets, not the fundamentals in the US and Canada, as both economies are strongly correlated. Continued housing price declines and adverse wealth effects could put more negative pressure on the Canadian dollar in 2023. Additionally, CAD to USD at 0.7248 is 2.0% below its 3-month average of 0.7393, having fluctuated within a 4.3% range of 0.7215-0.7524. Given the current economic environment, investors and businesses should stay alert to fluctuations in the exchange rates and use suitable tools to make informed decisions to reduce the impact of currency market risks when conducting international transactions.

    More analysis: Compare CAD/USD rates

     
     

    CAD to EUR

     

    CAD to EUR may continue to face downward pressure through March, as recent forecasts by FX analysts suggest. The Canadian dollar has been performing poorly due to lower-than-expected GDP growth and the slow pace of inflation. Furthermore, the elevated central bank rate expectations and the strengthening US dollar are also contributing to the decline in CAD value. As a result, key support points at 0.6720 and 0.6680 may continue to be tested, and we may see CAD to EUR trading between 0.6600 and 0.6950 during this period.

    More analysis: Compare CAD/EUR rates

     

    Here are our latest updated forecasts and currency outlooks:

     
     
       

    Most Compared Money Transfers on BER

     

    Canadian dollar Currency News & Guides

     

    Popular Cross Rates

     
    AUDCADGBPSGDUSDJPYINR
    AUD-0.9182
    AUD to CAD
    4-DAY-1.5%2d
    AUDCAD Latest
    0.5440
    AUD to GBP
    90-DAYLOW
    4-DAY-1.9%1d
    AUDGBP Latest
    0.8866
    AUD to SGD
    90-DAYLOW
    4-DAY-1.7%
    AUDSGD Latest
    0.6652
    AUD to USD
    1-DAY+0.8%2d
    AUDUSD Latest
    86.97
    AUD to JPY
    90-DAYLOW
    7-DAY-2.2%
    AUDJPY Latest
    54.78
    AUD to INR
    1-DAY-0.8%
    AUDINR Latest
    CAD1.0891
    CAD to AUD
    4-DAY+1.5%2d
    CADAUD Latest
    -0.5925
    CAD to GBP
    90-DAYLOW
    CADGBP Latest
    0.9656
    CAD to SGD
    90-DAYLOW
    1-DAY-0.8%1d
    CADSGD Latest
    0.7245
    CAD to USD
    14-DAYHIGH2d
    CADUSD Latest
    94.72
    CAD to JPY
    90-DAYLOW
    1-DAY-0.8%
    CADJPY Latest
    59.66
    CAD to INR
    14-DAYHIGH3d
    CADINR Latest
      
    GBP1.8381
    GBP to AUD
    90-DAYHIGH
    4-DAY+2.0%1d
    GBPAUD Latest
    1.6878
    GBP to CAD
    90-DAYHIGH
    GBPCAD Latest
    -1.6297
    GBP to SGD
    60-DAYHIGH4d
    GBPSGD Latest
      
    1.2227
    GBP to USD
    30-DAYHIGH1d
    7-DAY+2.1%2d
    GBPUSD Latest
    159.87
    GBP to JPY
    30-DAYLOW
    1-DAY-0.8%1d
    GBPJPY Latest
    100.69
    GBP to INR
    90-DAYHIGH2d
    GBPINR Latest
    SGD1.1278
    SGD to AUD
    90-DAYHIGH
    4-DAY+1.7%
    SGDAUD Latest
    1.0356
    SGD to CAD
    90-DAYHIGH
    1-DAY+0.8%1d
    SGDCAD Latest
    0.6136
    SGD to GBP
    60-DAYLOW4d
    SGDGBP Latest
      
    -0.7502
    SGD to USD
    30-DAYHIGH1d
    1-DAY+0.8%1d
    SGDUSD Latest
    98.09
    SGD to JPY
    60-DAYLOW
    1-DAY-0.9%1d
    SGDJPY Latest
    61.78
    SGD to INR
    30-DAYHIGH2d
    SGDINR Latest
    USD1.5033
    USD to AUD
    1-DAY-0.8%2d
    USDAUD Latest
    1.3804
    USD to CAD
    14-DAYLOW2d
    USDCAD Latest
    0.8179
    USD to GBP
    30-DAYLOW1d
    7-DAY-2.0%2d
    USDGBP Latest
    1.3329
    USD to SGD
    30-DAYLOW1d
    1-DAY-0.9%2d
    USDSGD Latest
    -130.75
    USD to JPY
    30-DAYLOW
    7-DAY-2.1%
    USDJPY Latest
    82.35
    USD to INR
    14-DAYHIGH3d
    USDINR Latest
      
     

    Recent trends: HIGHLOWUPDOWN