International Merchandise Trade Statistics: Trade Balance: Commodities for Canada
US dollars, exchange rate converted, Monthly, Not Seasonally Adjusted
CANXTNTVA01CXMLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3,418,164,000.00
Year-over-Year Change
-593.55%
Date Range
1/1/1957 - 6/1/2025
Summary
This economic trend measures the monthly, not seasonally adjusted exchange rate of the Canadian dollar in US dollars. It is a key indicator of the relative strength of the Canadian and US currencies.
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 exchange rate between the Canadian dollar and the US dollar on a monthly basis. This data series is used by economists, policymakers, and analysts to assess the purchasing power and competitiveness of the Canadian economy relative to the United States.
Methodology
The data is collected by the US Federal Reserve and calculated based on official exchange rate information.
Historical Context
This exchange rate trend is closely watched by central banks, trade officials, and international investors.
Key Facts
- The Canadian dollar is the 5th most traded currency worldwide.
- The exchange rate reached a high of 0.94 USD/CAD in 2011.
- Canada is the United States' largest trading partner.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly, not seasonally adjusted exchange rate of the Canadian dollar in US dollars. It represents the purchasing power of the Canadian currency relative to the US dollar.
Q: Why is this trend relevant for users or analysts?
A: The US-Canada exchange rate is a critical indicator for assessing the competitiveness of the Canadian economy and its trade relationship with the United States.
Q: How is this data collected or calculated?
A: The data is collected by the US Federal Reserve and calculated based on official exchange rate information.
Q: How is this trend used in economic policy?
A: Central banks, trade officials, and international investors closely monitor this exchange rate trend to inform monetary policy, trade negotiations, and investment decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with no significant delays, providing timely information on the US-Canada exchange rate.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Monthly, Not Seasonally Adjusted (CANXTNTVA01CXMLM), retrieved from FRED.