International Merchandise Trade Statistics: Exports: Commodities for Canada
US dollars, exchange rate converted, Monthly, Not Seasonally Adjusted
CANXTEXVA01CXMLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,780,960,000.00
Year-over-Year Change
-7.06%
Date Range
1/1/1957 - 6/1/2025
Summary
This economic trend measures the monthly exchange rate of the U.S. dollar against the Canadian dollar in Canadian dollars per U.S. dollar. It is a key indicator of relative currency strength and international trade dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The U.S. dollar exchange rate converted provides a standardized measure of the value of the U.S. dollar compared to the Canadian dollar. This is an important economic indicator for analyzing cross-border trade, international investment flows, and the relative strength of national currencies.
Methodology
The data is collected and reported monthly by the U.S. Federal Reserve.
Historical Context
Policymakers and market analysts use this exchange rate data to assess economic conditions and inform decisions.
Key Facts
- The US dollar is one of the world's major reserve currencies.
- Canada is the United States' largest trading partner.
- Exchange rates influence the competitiveness of exports and imports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly exchange rate of the U.S. dollar against the Canadian dollar, expressed in Canadian dollars per U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar exchange rate is a key indicator of relative currency strength and international trade dynamics, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this exchange rate data to assess economic conditions and inform decisions related to trade, investment, and monetary policy.
Q: Are there update delays or limitations?
A: The data is reported monthly with no significant update delays, providing a timely measure of the U.S. dollar's value relative to the Canadian dollar.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Monthly, Not Seasonally Adjusted (CANXTEXVA01CXMLM), retrieved from FRED.