International Merchandise Trade Statistics: Imports: Commodities for Canada
US dollars, exchange rate converted, Monthly, Not Seasonally Adjusted
CANXTIMVA01CXMLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,199,120,000.00
Year-over-Year Change
1.49%
Date Range
1/1/1957 - 6/1/2025
Summary
This economic trend measures the monthly, not seasonally adjusted exchange rate of the US dollar converted to Canadian dollars. It is a key indicator of the relative strength of the US currency and its purchasing power internationally.
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 US dollars, exchange rate converted metric represents the value of the US dollar relative to the Canadian dollar. It is widely used by economists, policymakers, and market analysts to assess the competitiveness of US exports and imports, as well as the overall health of the US economy.
Methodology
The data is collected and calculated by the US Federal Reserve based on foreign exchange market quotations.
Historical Context
This trend helps inform trade, monetary, and fiscal policy decisions by governments and central banks.
Key Facts
- The US dollar has appreciated over 30% against the Canadian dollar since 2014.
- A stronger US dollar makes American exports less competitive but imports more affordable.
- Exchange rate trends impact corporate profits, consumer prices, and the US trade balance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly, not seasonally adjusted exchange rate of the US dollar converted to Canadian dollars.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a key indicator of the relative strength of the US currency and its purchasing power internationally, which has important implications for trade, inflation, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve based on foreign exchange market quotations.
Q: How is this trend used in economic policy?
A: This trend helps inform trade, monetary, and fiscal policy decisions by governments and central banks as they seek to manage exchange rate dynamics and their impacts on the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays, providing timely insights into exchange rate movements.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Monthly, Not Seasonally Adjusted (CANXTIMVA01CXMLM), retrieved from FRED.