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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) has experienced a period of fluctuation amid improving oil prices but with little domestic data to bolster its momentum. While oil prices have been a key factor influencing the CAD's movements, a lack of data releases has prevented any significant gains. Despite hitting 5-month highs towards the end of 2023, the CAD faced a sharp decline in early January due to robust US macro data and stagnant Canadian labor market conditions. The CAD is expected to continue its association with oil prices this year, although the correlation with crude oil has somewhat weakened.

FX analysts from CIBC Capital Markets have adjusted 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 uncertainty surrounding the Chinese and global economic growth outlook, alongside tensions in the Middle East, has kept key commodity prices in check, moderating the CAD's performance.

Recent price data shows that the CAD to USD pair is trading at 7-day lows near 0.7389, while the CAD to EUR pair sits at 7-day highs near 0.6790. The CAD to GBP pair has dipped below its 3-month average, standing at 0.5793, and the CAD to JPY pair is near its 3-month average. Additionally, the OIL to USD price is currently 5.8% above its 3-month average at 85.11. With ongoing attention on US economic activity and Federal Reserve policy changes, the CAD's performance is likely to remain closely tied to oil price movements and global market dynamics in the near term.

 

Canadian dollar to US dollar - CAD/USD Trend

 
CAD to USD at 0.7389 is just 0.7% below its 3-month average of 0.744, having traded in a very stable 3.0% range from 0.7356 to 0.7576
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1 CAD =
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USD
 
+0.0%
📉1W
 
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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.

 

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Top CAD Rates


Canadian dollar to US dollar

CAD to USD at 0.7389 is just 0.7% below its 3-month average of 0.744, having traded in a very stable 3.0% range from 0.7356 to 0.7576
CAD to USD
0.7386
+0.0%
📉1W

US dollar to Canadian dollar

USD to CAD at 1.3534 is just 0.7% above its 3-month average of 1.3442, having traded in a very stable 3.0% range from 1.3200 to 1.3595
USD to CAD
1.3540
-0.0%
📈1W

Canadian dollar to Euro

CAD to EUR is at 14-day highs near 0.6796, just 0.6% below its 3-month average of 0.6834, having traded in a very stable 2.2% range from 0.6755 to 0.6901
CAD to EUR
0.6792
+0.2%
📈2W

Canadian dollar to Indian rupee

CAD to INR at 61.27 is just 0.8% below its 3-month average of 61.77, having traded in a very stable 3.4% range from 60.99 to 63.04
CAD to INR
61.25
+0.1%
📈2W

Canadian dollar to Pound Sterling

CAD to GBP is at 7-day highs near 0.5806, just 1.0% below its 3-month average of 0.5861, having traded in a very stable 3.5% range from 0.5749 to 0.5953
CAD to GBP
0.5804
+0.1%
📈1W

Canadian dollar to Mexican peso

CAD to MXN at 12.43 is 1.8% below its 3-month average of 12.66, having traded in a quite stable 4.4% range from 12.33 to 12.87
CAD to MXN
12.43
+0.8%
📉3M

US dollar to Euro

USD to EUR is at 7-day highs near 0.9198, near its 3-month average, having traded in a very stable 3.7% range from 0.9004 to 0.9339
USD to EUR
0.9196
+0.2%
📈1W

Canadian dollar to Philippine peso

CAD to PHP is at 7-day highs near 41.14, just 1.0% below its 3-month average of 41.55, having traded in a very stable 2.8% range from 41.01 to 42.14
CAD to PHP
41.13
+0.2%
📈1W

Canadian dollar to Australian dollar

CAD to AUD is at 7-day highs near 1.1265, near its 3-month average, having traded in a very stable 3.5% range from 1.1056 to 1.1446
CAD to AUD
1.1262
+0.1%
📈1W

Indian rupee to Canadian dollar

INR to CAD at 0.016320 is just 0.8% above its 3-month average of 0.016191, having traded in a very stable 3.4% range from 0.015862 to 0.016397
INR to CAD
0.016325
-0.1%
📉2W

A-Z


Canadian dollar to Australian dollar

CAD to AUD is at 7-day highs near 1.1265, near its 3-month average, having traded in a very stable 3.5% range from 1.1056 to 1.1446
CAD to AUD
1.1262
+0.1%
📈1W

Canadian dollar to Brazilian real

CAD to BRL is at 90-day highs near 3.7172, 1.3% above its 3-month average of 3.6704, having traded in a very stable 2.7% range from 3.6180 to 3.7172
CAD to BRL
3.7154
+0.8%
📈3M

Canadian dollar to Swiss franc

CAD to CHF is at 90-day highs near 0.6560, 1.6% above its 3-month average of 0.6458, having traded in a very stable 3.5% range from 0.6340 to 0.6560
CAD to CHF
0.6561
+0.5%
📈3M

Canadian dollar to Chilean peso

CAD to CLP at 700.4 is just 0.9% above its 3-month average of 693.9, having traded in a rather volatile 12.9% range from 646.9 to 730.5
CAD to CLP
699.74
+0.7%
📉1M

Canadian dollar to Chinese yuan

CAD to CNY at 5.3188 is near its 3-month average, having traded in a very stable 3.3% range from 5.2410 to 5.4117
CAD to CNY
5.3163
+1.0%

Canadian dollar to Czech Republic horuna

CAD to CZK at 17.14 is just above its 3-month average, having traded in a quite stable 4.6% range from 16.75 to 17.52
CAD to CZK
17.14
+0.5%
📉1M

Canadian dollar to Danish krone

CAD to DKK is at 14-day highs near 5.0678, just 0.5% below its 3-month average of 5.0956, having traded in a very stable 2.1% range from 5.0374 to 5.1434
CAD to DKK
5.0643
+0.2%
📈2W

Canadian dollar to Euro

CAD to EUR is at 14-day highs near 0.6796, just 0.6% below its 3-month average of 0.6834, having traded in a very stable 2.2% range from 0.6755 to 0.6901
CAD to EUR
0.6792
+0.2%
📈2W

Canadian dollar to Pound Sterling

CAD to GBP is at 7-day highs near 0.5806, just 1.0% below its 3-month average of 0.5861, having traded in a very stable 3.5% range from 0.5749 to 0.5953
CAD to GBP
0.5804
+0.1%
📈1W

Canadian dollar to Hong Kong dollar

CAD to HKD is at 7-day lows near 5.7757, just 0.7% below its 3-month average of 5.8165, having traded in a very stable 2.8% range from 5.7558 to 5.9149
CAD to HKD
5.7761
-0.0%
📉1W

Canadian dollar to Israeli new sheqel

CAD to ILS at 2.6986 is just 0.8% below its 3-month average of 2.7207, having traded in a relatively stable 7.0% range from 2.6263 to 2.8095
CAD to ILS
2.6974
-0.8%
📈2W

Canadian dollar to Indian rupee

CAD to INR at 61.27 is just 0.8% below its 3-month average of 61.77, having traded in a very stable 3.4% range from 60.99 to 63.04
CAD to INR
61.25
+0.1%
📈2W

Canadian dollar to Japanese yen

CAD to JPY is at 7-day highs near 110.2, just 0.6% above its 3-month average of 109.5, having traded in a quite stable 5.0% range from 106.3 to 111.6
CAD to JPY
110.30
+0.1%
📈1W

Canadian dollar to Mexican peso

CAD to MXN at 12.43 is 1.8% below its 3-month average of 12.66, having traded in a quite stable 4.4% range from 12.33 to 12.87
CAD to MXN
12.43
+0.8%
📉3M

Canadian dollar to Malaysian ringgit

CAD to MYR is at 7-day highs near 3.4865, just below its 3-month average, having traded in a very stable 3.0% range from 3.4463 to 3.5503
CAD to MYR
3.4919
+0.3%
📈1W

Canadian dollar to New Zealand dollar

CAD to NZD is at 30-day highs near 1.2147, just 0.6% above its 3-month average of 1.2063, having traded in a very stable 2.7% range from 1.1922 to 1.2240
CAD to NZD
1.2153
+0.1%
📈1M

Canadian dollar to Philippine peso

CAD to PHP is at 7-day highs near 41.14, just 1.0% below its 3-month average of 41.55, having traded in a very stable 2.8% range from 41.01 to 42.14
CAD to PHP
41.13
+0.2%
📈1W

Canadian dollar to Pakistani rupee

CAD to PKR is at 7-day lows near 205.9, 1.0% below its 3-month average of 208, having traded in a quite stable 4.4% range from 204.8 to 213.8
CAD to PKR
207.18
-0.2%
📉1W

Canadian dollar to Singapore dollar

CAD to SGD is at 7-day highs near 0.9899, just 0.5% below its 3-month average of 0.9948, having traded in a stable 1.7% range from 0.9857 to 1.0026
CAD to SGD
0.9890
+0.2%
📈1W

Canadian dollar to Thai baht

CAD to THB is at 14-day highs near 26.59, just 0.9% above its 3-month average of 26.34, having traded in a quite stable 4.1% range from 25.70 to 26.75
CAD to THB
26.57
+0.5%
📈2W

Canadian dollar to New Taiwan dollar

CAD to TWD at 23.38 is just above its 3-month average, having traded in a stable 1.6% range from 23.13 to 23.51
CAD to TWD
23.43
+0.1%
📈2W

Canadian dollar to US dollar

CAD to USD at 0.7389 is just 0.7% below its 3-month average of 0.744, having traded in a very stable 3.0% range from 0.7356 to 0.7576
CAD to USD
0.7386
+0.0%
📉1W

Canadian dollar to South African rand

CAD to ZAR is at 14-day highs near 14.02, just above its 3-month average, having traded in a quite stable 5.0% range from 13.64 to 14.32
CAD to ZAR
13.99
+1.1%
📈2W