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    Canadian dollar Exchange Update, Chart & History

    CAD Markets Update - Our review of Canadian dollar Forecasts and News plus Charts and Historic Rates. Check CAD Trends over various time periods.

     

    Canadian dollar (CAD) Market Update

    The Canadian dollar (CAD) continues to be influenced by various factors impacting its performance against major currencies. Recent forecasts from prominent institutions such as Wells Fargo & Co., Monex Europe Ltd., Royal Bank of Canada, and Bank of America Corp. are pointing towards potential weakness for the Canadian currency in the coming months relative to the US dollar. The anticipation of the Bank of Canada (BoC) adopting a more dovish stance on interest rates compared to the Federal Reserve is contributing to this bearish outlook for the CAD. Market analysts suggest that the BoC could potentially proceed with earlier and deeper rate cuts than the Fed, potentially starting as early as June.

    CIBC Capital Markets has revised their year-end forecast for the USD/CAD exchange rate in 2024 to 1.31, indicating a projected strength of the US dollar against the Canadian dollar next year. However, there is optimism for the Canadian dollar in 2025, with expectations of a weaker USD against other major currencies. The CAD's performance is closely tied to oil prices, with the currency likely to be influenced by fluctuations in crude oil as it seeks support amidst global growth and potential demand for oil. Although the CAD might find some backing from positive oil price movements, it could face challenges from potential interest rate cuts by the BoC and its strong positive correlation with the USD.

    According to recent data, the CAD to USD pair has hit 90-day lows near 0.7231, trading 2.1% below its 3-month average, indicating a relatively stable range. The CAD to EUR pair is close to its 3-month average at 0.6813, while the CAD to GBP pair is slightly below its 3-month average at 0.5820. The CAD to JPY pair is currently 1.0% above its 3-month average at 111.9, highlighting consistent trading within a narrow range. In terms of oil price movements, OIL to USD is currently at 90.13, trading 7.2% above its 3-month average in a volatile range, which could impact the CAD's performance as Canada is a major oil exporter. Market watchers are also monitoring key economic indicators and central bank policies, particularly from the US and Canada, for potential shifts in currency dynamics moving forward.

     

    Canadian dollar to US dollar - CAD/USD Trend

     
    CAD to USD is at 90-day lows near 0.7231, 2.1% below its 3-month average of 0.7387, having traded in a very stable 3.3% range from 0.7231 to 0.7469
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    Top CAD Rates


    Canadian dollar to US dollar

    CAD to USD is at 90-day lows near 0.7231, 2.1% below its 3-month average of 0.7387, having traded in a very stable 3.3% range from 0.7231 to 0.7469
    CAD to USD
    0.7243
    -0.3%
    3M

    US dollar to Canadian dollar

    USD to CAD is at 90-day highs near 1.3829, 2.1% above its 3-month average of 1.3538, having traded in a very stable 3.3% range from 1.3389 to 1.3829
    USD to CAD
    1.3806
    +0.3%
    3M

    Canadian dollar to Euro

    CAD to EUR at 0.6813 is just below its 3-month average, having traded in a very stable 2.2% range from 0.6755 to 0.6901
    CAD to EUR
    0.6806
    -0.2%
    1W

    Canadian dollar to Mexican peso

    CAD to MXN is at 14-day highs near 12.35, 1.1% below its 3-month average of 12.49, having traded in a relatively stable 7.1% range from 12.01 to 12.86
    CAD to MXN
    12.30
    +1.8%
    2W

    US dollar to Euro

    USD to EUR is at 90-day highs near 0.9419, 1.9% above its 3-month average of 0.9243, having traded in a very stable 3.1% range from 0.9134 to 0.9419
    USD to EUR
    0.9396
    +0.1%
    3M

    Canadian dollar to Indian rupee

    CAD to INR is at 90-day lows near 60.49, 1.4% below its 3-month average of 61.4, having traded in a very stable 2.5% range from 60.49 to 62.03
    CAD to INR
    60.59
    -0.1%
    3M

    Canadian dollar to Pound Sterling

    CAD to GBP at 0.5820 is just below its 3-month average, having traded in a very stable 2.5% range from 0.5749 to 0.5894
    CAD to GBP
    0.5822
    -0.1%

    Canadian dollar to Philippine peso

    CAD to PHP at 41.25 is just 0.5% below its 3-month average of 41.46, having traded in a very stable 2.5% range from 41.01 to 42.05
    CAD to PHP
    41.48
    -0.1%
    2W

    Canadian dollar to Australian dollar

    CAD to AUD is at 7-day highs near 1.1298, near its 3-month average, having traded in a very stable 3.0% range from 1.1116 to 1.1446
    CAD to AUD
    1.1287
    +0.3%
    1W

    Indian rupee to Canadian dollar

    INR to CAD is at 90-day highs near 0.016531, 1.5% above its 3-month average of 0.016287, having traded in a very stable 2.5% range from 0.016120 to 0.016531
    INR to CAD
    0.016504
    +0.1%
    3M

    A-Z


    Canadian dollar to Australian dollar

    CAD to AUD is at 7-day highs near 1.1298, near its 3-month average, having traded in a very stable 3.0% range from 1.1116 to 1.1446
    CAD to AUD
    1.1287
    +0.3%
    1W

    Canadian dollar to Brazilian real

    CAD to BRL is at 90-day highs near 3.8245, 3.7% above its 3-month average of 3.6891, having traded in a quite stable 4.9% range from 3.6442 to 3.8245
    CAD to BRL
    3.7962
    +1.7%
    3M

    Canadian dollar to Swiss franc

    CAD to CHF is at 14-day lows near 0.6601, 1.0% above its 3-month average of 0.6536, having traded in a quite stable 4.9% range from 0.6382 to 0.6692
    CAD to CHF
    0.6607
    -0.1%
    2W

    Canadian dollar to Chilean peso

    CAD to CLP is at 7-day highs near 709.2, just above its 3-month average, having traded in a fairly volatile 8.6% range from 672.9 to 730.5
    CAD to CLP
    703.62
    +0.5%
    1W

    Canadian dollar to Chinese yuan

    CAD to CNY at 5.2347 is 1.3% below its 3-month average of 5.3015, having traded in a very stable 2.6% range from 5.2130 to 5.3485
    CAD to CNY
    5.2435
    -0.3%
    2M

    Canadian dollar to Czech Republic horuna

    CAD to CZK at 17.18 is near its 3-month average, having traded in a quite stable 4.2% range from 16.82 to 17.52
    CAD to CZK
    17.19
    -0.5%

    Canadian dollar to Danish krone

    CAD to DKK at 5.0831 is near its 3-month average, having traded in a very stable 2.1% range from 5.0374 to 5.1434
    CAD to DKK
    5.0781
    -0.2%
    1W

    Canadian dollar to Euro

    CAD to EUR at 0.6813 is just below its 3-month average, having traded in a very stable 2.2% range from 0.6755 to 0.6901
    CAD to EUR
    0.6806
    -0.2%
    1W

    Canadian dollar to Pound Sterling

    CAD to GBP at 0.5820 is just below its 3-month average, having traded in a very stable 2.5% range from 0.5749 to 0.5894
    CAD to GBP
    0.5822
    -0.1%

    Canadian dollar to Hong Kong dollar

    CAD to HKD is at 90-day lows near 5.6630, 2.0% below its 3-month average of 5.7794, having traded in a very stable 3.1% range from 5.6630 to 5.8401
    CAD to HKD
    5.6724
    -0.2%
    3M

    Canadian dollar to Israeli new sheqel

    CAD to ILS is at 7-day lows near 2.7167, near its 3-month average, having traded in a relatively stable 7.0% range from 2.6263 to 2.8095
    CAD to ILS
    2.7441
    -0.2%
    1W

    Canadian dollar to Indian rupee

    CAD to INR is at 90-day lows near 60.49, 1.4% below its 3-month average of 61.4, having traded in a very stable 2.5% range from 60.49 to 62.03
    CAD to INR
    60.59
    -0.1%
    3M

    Canadian dollar to Japanese yen

    CAD to JPY at 111.9 is 1.0% above its 3-month average of 110.8, having traded in a very stable 3.1% range from 108.7 to 112.1
    CAD to JPY
    111.99
    +0.0%

    Canadian dollar to Mexican peso

    CAD to MXN is at 14-day highs near 12.35, 1.1% below its 3-month average of 12.49, having traded in a relatively stable 7.1% range from 12.01 to 12.86
    CAD to MXN
    12.30
    +1.8%
    2W

    Canadian dollar to Malaysian ringgit

    CAD to MYR is at 90-day lows near 3.4544, 1.3% below its 3-month average of 3.5022, having traded in a very stable 2.8% range from 3.4544 to 3.5503
    CAD to MYR
    3.4706
    -0.2%
    3M

    Canadian dollar to New Zealand dollar

    CAD to NZD is at 7-day highs near 1.2299, 1.2% above its 3-month average of 1.2157, having traded in a very stable 3.8% range from 1.1952 to 1.2405
    CAD to NZD
    1.2274
    +0.1%
    1W

    Canadian dollar to Philippine peso

    CAD to PHP at 41.25 is just 0.5% below its 3-month average of 41.46, having traded in a very stable 2.5% range from 41.01 to 42.05
    CAD to PHP
    41.48
    -0.1%
    2W

    Canadian dollar to Pakistani rupee

    CAD to PKR at 201.4 is 2.2% below its 3-month average of 206, having traded in a very stable 3.8% range from 201.1 to 208.8
    CAD to PKR
    201.48
    -0.1%
    3M

    Canadian dollar to Singapore dollar

    CAD to SGD at 0.9873 is just 0.6% below its 3-month average of 0.9936, having traded in a stable 1.5% range from 0.9857 to 1.0009
    CAD to SGD
    0.9871
    -0.1%
    2W

    Canadian dollar to Thai baht

    CAD to THB at 26.54 is near its 3-month average, having traded in a very stable 3.8% range from 26.13 to 27.11
    CAD to THB
    26.64
    -0.4%
    1M

    Canadian dollar to New Taiwan dollar

    CAD to TWD at 23.53 is just 0.6% above its 3-month average of 23.39, having traded in a very stable 2.3% range from 23.15 to 23.69
    CAD to TWD
    23.51
    +0.0%
    2W

    Canadian dollar to US dollar

    CAD to USD is at 90-day lows near 0.7231, 2.1% below its 3-month average of 0.7387, having traded in a very stable 3.3% range from 0.7231 to 0.7469
    CAD to USD
    0.7243
    -0.3%
    3M

    Canadian dollar to South African rand

    CAD to ZAR at 13.77 is 1.4% below its 3-month average of 13.97, having traded in a quite stable 5.3% range from 13.60 to 14.32
    CAD to ZAR
    13.80
    -0.1%