The Canadian dollar remained close to its highest level since May of 2018 at around $1.27, boosted by higher oil prices, a weaker dollar and a brighter economic outlook as Canada begins its Covid-19 vaccination campaign. Earlier in the month, the Bank of Canada left interest rates at a record low and kept asset purchases steady at $4 billion a week while reinforcing its commitment to provide the monetary policy stimulus needed to support the economic recovery. Meantime, Prime Minister Trudeau said that "until the virus is significantly more under control everywhere around the world, we're not going to be releasing the restrictions at the US border". However, the ban does not affect trade.

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 December of 2020.

The Canadian Dollar is expected to trade at 1.28 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.30 in 12 months time.

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Canadian Dollar

Majors Price Day Year
EURUSD 1.2257 -0.0006 -0.04% 10.19%
GBPUSD 1.3516 -0.0061 -0.45% 3.84%
AUDUSD 0.7622 0.0005 0.06% 10.66%
NZDUSD 0.7136 -0.0015 -0.21% 7.96%
USDJPY 103.2800 0.1520 0.15% -5.57%
USDCNY 6.5158 -0.0016 -0.02% -6.90%
USDCHF 0.8830 -0.0016 -0.18% -9.73%
USDCAD 1.2785 0.0057 0.45% -2.59%
USDMXN 19.9296 0.0993 0.50% 5.32%
USDINR 73.5300 0.0100 0.01% 3.32%
USDBRL 5.1022 0.0440 0.87% 25.38%
USDRUB 73.3441 0.4989 0.68% 17.47%
DXY 89.9208 0.0988 0.11% -7.66%
USDKRW 1,108.7970 17.8910 1.64% -4.75%
USDZAR 14.5304 -0.1074 -0.73% 1.86%
USDSGD 1.3265 0.0007 0.05% -2.09%
USDHKD 7.7518 -0.0005 -0.01% -0.54%
Crosses Price Day Year
USDCAD 1.2785 0.0057 0.45% -2.59%
EURCAD 1.5670 0.0062 0.40% 7.33%
GBPCAD 1.7291 0.0012 0.07% 1.23%
AUDCAD 0.9736 0.0041 0.42% 7.70%
NZDCAD 0.9114 0.0012 0.13% 5.06%
CADJPY 80.7510 -0.2740 -0.34% -3.10%
CADCNY 5.0912 -0.0290 -0.57% -4.51%
CADCHF 0.6907 -0.0044 -0.63% -7.33%
CADARS 64.6687 -0.3120 -0.48% 42.09%
CADBRL 3.9961 0.0222 0.56% 28.89%
CADCZK 16.6244 -0.1097 -0.66% -4.46%
CADDKK 4.7480 -0.0188 -0.40% -7.21%
CADHUF 228.1942 0.6637 0.29% 0.86%
CADIDR 11,009.2891 -56.5165 -0.51% 3.36%
CADINR 57.4938 -0.2668 -0.46% 6.03%
CADKRW 867.2368 10.1723 1.19% -2.22%
CADMXN 15.5918 0.0123 0.08% 8.14%
CADMYR 3.1574 -0.0112 -0.35% 0.10%
CADRUB 57.3722 0.1418 0.25% 20.60%



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.