Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
BER

Canadian dollar Markets

CAD Currency Update - Our review of Canadian dollar forecasts and news plus charts and historic rates. Check CAD Trends over various time periods.

 

The Canadian dollar (CAD) has recently faced downward pressure as concerns grow regarding the slow progress in US-Canada trade negotiations. This has contributed to a subdued performance in the CAD, particularly as reports on Canada’s Ivey PMI suggest potential contraction in economic activity.

The currency has been impacted significantly by the recent political changes in Canada, following Prime Minister Justin Trudeau's resignation and the subsequent appointment of Mark Carney. This political instability is contributing to uncertainty regarding Canada’s economic outlook. Furthermore, escalating trade tensions with the U.S. have compounded these worries, particularly following the imposition of tariffs on Canadian steel and aluminum by the U.S., which prompted retaliatory measures by Canada.

Supporting the CAD, however, is the Bank of Canada’s decision to pause interest rate cuts. As the benchmark rate remains at 2.75%, some analysts note it has provided a degree of stability and support to the loonie. This has coincided with a slight rebound in oil prices, currently trading at $70.44 per barrel—4.8% above its three-month average. Given Canada’s position as a major oil exporter, higher oil prices typically bolster the CAD, providing a counterbalance to trade-related concerns.

Recent trading data for key CAD pairs reveals a mixed performance; while CAD to USD is stable at 0.7307, just 0.6% above its three-month average, it is notable that CAD to EUR lags behind, trading at 0.6254 which is 1.4% below its average. Conversely, CAD to GBP has recently reached 14-day highs, showing resilience at around 0.5414. CAD to JPY also demonstrates strength, trading at 107.6, above its three-month average, indicating that market sentiment surrounding the CAD retains certain bullish elements amid the ongoing uncertainties.

Analysts will continue to monitor both the global economic landscape and domestic factors closely, as the CAD's path forward hinges on developments in trade agreements, oil market dynamics, and central bank policies. Understanding these variables could be crucial for businesses and individuals engaging in international transactions, as they navigate the complexities of currency exchange related to the Canadian dollar.

 

Canadian dollar to US dollar - CAD/USD Trend

 
CAD to USD at 0.7307 is just 0.6% above its 3-month average of 0.7264, having traded in a very stable 3.0% range from 0.7152 to 0.7369
|
 
1 CAD =
0.7304We compare provider deals to this wholesale mid-market rate. Read more
USD
 
+0.1%
 
Track Rate

View My Rate Tracker

   
 

Compare & Save on Exchange Rates

Exchange rates can vary significantly between banks and currency exchange providers, so it's important to compare rates from different sources before making a conversion.

The below table makes it easy to calculate and compare the Total Cost you are being charged on currency rates and the possible savings of using a foreign exchange provider rather than your bank.

 

Loading exchange rates...

   
   
   
   
  

Top CAD Rates


Canadian dollar to US dollar
CADUSD 90 day chart

CAD to USD at 0.7307 is just 0.6% above its 3-month average of 0.7264, having traded in a very stable 3.0% range from 0.7152 to 0.7369
CAD to USD
0.7304
+0.1%

US dollar to Canadian dollar
USDCAD 90 day chart

USD to CAD at 1.3686 is just 0.6% below its 3-month average of 1.3768, having traded in a very stable 3.0% range from 1.3571 to 1.3983
USD to CAD
1.3692
-0.1%

Canadian dollar to Euro
CADEUR 90 day chart

CAD to EUR at 0.6254 is 1.4% below its 3-month average of 0.6345, having traded in a very stable 4.0% range from 0.6207 to 0.6454
CAD to EUR
0.6252
+0.1%

Canadian dollar to Mexican peso
CADMXN 90 day chart

CAD to MXN at 13.63 is 2.4% below its 3-month average of 13.97, having traded in a relatively stable 6.4% range from 13.60 to 14.47
CAD to MXN
13.67
+0.1%
90d-lows

US dollar to Euro
USDEUR 90 day chart

USD to EUR at 0.8559 is 2.0% below its 3-month average of 0.8736, having traded in a relatively stable 6.5% range from 0.8470 to 0.9019
USD to EUR
0.8560
14d-highs

Canadian dollar to Indian rupee
CADINR 90 day chart

CAD to INR at 62.71 is just 0.9% above its 3-month average of 62.15, having traded in a quite stable 4.3% range from 60.79 to 63.38
CAD to INR
62.82
+0.1%

Canadian dollar to British pound
CADGBP 90 day chart

CAD to GBP is at 14-day highs near 0.5414, just above its 3-month average, having traded in a very stable 2.8% range from 0.5315 to 0.5464
CAD to GBP
0.5421
+0.1%
14d-highs

Canadian dollar to Philippine peso
CADPHP 90 day chart

CAD to PHP at 41.27 is 1.2% above its 3-month average of 40.79, having traded in a quite stable 5.3% range from 39.72 to 41.81
CAD to PHP
41.37
+0.1%
14d-lows

Canadian dollar to Australian dollar
CADAUD 90 day chart

CAD to AUD at 1.1111 is 1.1% below its 3-month average of 1.1232, having traded in a very stable 2.7% range from 1.1089 to 1.1390
CAD to AUD
1.1142
+0.1%
30d-lows

Indian rupee to Canadian dollar
INRCAD 90 day chart

INR to CAD at 0.015946 is just 0.9% below its 3-month average of 0.016091, having traded in a quite stable 4.3% range from 0.015779 to 0.016450
INR to CAD
0.015919
-0.1%

A-Z


Canadian dollar to Australian dollar
CADAUD 90 day chart

CAD to AUD at 1.1111 is 1.1% below its 3-month average of 1.1232, having traded in a very stable 2.7% range from 1.1089 to 1.1390
CAD to AUD
1.1142
+0.1%
30d-lows

Canadian dollar to Brazilian real
CAD to BRL at 4.0659 is just below its 3-month average, having traded in a relatively stable 6.3% range from 3.9826 to 4.2328
CAD to BRL
4.0672
+0.2%

Canadian dollar to Swiss franc
CADCHF 90 day chart

CAD to CHF at 0.5821 is 2.0% below its 3-month average of 0.5937, having traded in a quite stable 4.4% range from 0.5797 to 0.6050
CAD to CHF
0.5818
+0.2%

Canadian dollar to Chilean peso
CAD to CLP is at 90-day highs near 699.7, 2.1% above its 3-month average of 684.7, having traded in a quite stable 4.5% range from 669.7 to 699.7
CAD to CLP
702.17
+0.1%
90d-highs

Canadian dollar to Chinese yuan
CADCNY 90 day chart

CAD to CNY at 5.2378 is near its 3-month average, having traded in a very stable 2.8% range from 5.1515 to 5.2951
CAD to CNY
5.2352
+0.1%
14d-lows

Canadian dollar to Czech Republic horuna
CADCZK 90 day chart

CAD to CZK is at 14-day highs near 15.43, 2.2% below its 3-month average of 15.77, having traded in a quite stable 5.2% range from 15.32 to 16.12
CAD to CZK
15.41
+0.2%
14d-highs

Canadian dollar to Danish krone
CADDKK 90 day chart

CAD to DKK at 4.6664 is 1.4% below its 3-month average of 4.7347, having traded in a very stable 4.0% range from 4.6314 to 4.8148
CAD to DKK
4.6658
+0.2%

Canadian dollar to Euro
CADEUR 90 day chart

CAD to EUR at 0.6254 is 1.4% below its 3-month average of 0.6345, having traded in a very stable 4.0% range from 0.6207 to 0.6454
CAD to EUR
0.6252
+0.1%

Canadian dollar to British pound
CADGBP 90 day chart

CAD to GBP is at 14-day highs near 0.5414, just above its 3-month average, having traded in a very stable 2.8% range from 0.5315 to 0.5464
CAD to GBP
0.5421
+0.1%
14d-highs

Canadian dollar to Hong Kong dollar
CADHKD 90 day chart

CAD to HKD at 5.7356 is 1.0% above its 3-month average of 5.6783, having traded in a quite stable 4.1% range from 5.5572 to 5.7842
CAD to HKD
5.7334
+0.1%

Canadian dollar to Israeli new sheqel
CADILS 90 day chart

CAD to ILS at 2.4335 is 4.8% below its 3-month average of 2.5562, having traded in a quite volatile 10.3% range from 2.4279 to 2.6791
CAD to ILS
2.4586
+0.1%

Canadian dollar to Indian rupee
CADINR 90 day chart

CAD to INR at 62.71 is just 0.9% above its 3-month average of 62.15, having traded in a quite stable 4.3% range from 60.79 to 63.38
CAD to INR
62.82
+0.1%

Canadian dollar to Japanese yen
CADJPY 90 day chart

CAD to JPY is at 90-day highs near 107.6, 2.5% above its 3-month average of 105, having traded in a quite stable 5.7% range from 101.8 to 107.6
CAD to JPY
107.67
90d-highs

Canadian dollar to Mexican peso
CADMXN 90 day chart

CAD to MXN at 13.63 is 2.4% below its 3-month average of 13.97, having traded in a relatively stable 6.4% range from 13.60 to 14.47
CAD to MXN
13.67
+0.1%
90d-lows

Canadian dollar to Malaysian ringgit
CADMYR 90 day chart

CAD to MYR at 3.1072 is near its 3-month average, having traded in a quite stable 4.7% range from 3.0417 to 3.1843
CAD to MYR
3.1059
+0.1%

Canadian dollar to New Zealand dollar
CADNZD 90 day chart

CAD to NZD at 1.2165 is just above its 3-month average, having traded in a very stable 2.1% range from 1.2015 to 1.2263
CAD to NZD
1.2210
+0.2%

Canadian dollar to Philippine peso
CADPHP 90 day chart

CAD to PHP at 41.27 is 1.2% above its 3-month average of 40.79, having traded in a quite stable 5.3% range from 39.72 to 41.81
CAD to PHP
41.37
+0.1%
14d-lows

Canadian dollar to Pakistani rupee
CADPKR 90 day chart

CAD to PKR at 207.8 is 1.3% above its 3-month average of 205.2, having traded in a quite stable 4.3% range from 200.9 to 209.5
CAD to PKR
207.88
+0.1%

Canadian dollar to Swedish krona
CADSEK 90 day chart

CAD to SEK at 6.9916 is near its 3-month average, having traded in a very stable 2.8% range from 6.8822 to 7.0737
CAD to SEK
7.0165
+0.2%

Canadian dollar to Singapore dollar
CADSGD 90 day chart

CAD to SGD at 0.9354 is just below its 3-month average, having traded in a very stable 2.3% range from 0.9281 to 0.9494
CAD to SGD
0.9359
+0.1%

Canadian dollar to Thai baht
CADTHB 90 day chart

CAD to THB is at 30-day lows near 23.66, just 0.8% below its 3-month average of 23.86, having traded in a very stable 2.7% range from 23.60 to 24.24
CAD to THB
23.69
-0.1%
30d-lows

Canadian dollar to New Taiwan dollar
CADTWD 90 day chart

CAD to TWD at 21.36 is 2.8% below its 3-month average of 21.98, having traded in a quite volatile 11.7% range from 21.11 to 23.59
CAD to TWD
21.43

Canadian dollar to US dollar
CADUSD 90 day chart

CAD to USD at 0.7307 is just 0.6% above its 3-month average of 0.7264, having traded in a very stable 3.0% range from 0.7152 to 0.7369
CAD to USD
0.7304
+0.1%

Canadian dollar to South African rand
CADZAR 90 day chart

CAD to ZAR is at 14-day highs near 13.11, just below its 3-month average, having traded in a quite stable 5.9% range from 12.88 to 13.64
CAD to ZAR
13.08
+0.2%
14d-highs