Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Canada
CCUSMA02CAM618N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.37
Year-over-Year Change
-0.24%
Date Range
1/1/1957 - 6/1/2025
Summary
This economic trend tracks the average daily exchange rate between the U.S. dollar and the Canadian dollar, a key metric for international trade and investment between the two countries.
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 to Canadian dollar exchange rate is a widely followed economic indicator that reflects the relative strength of the two currencies. It is used by businesses, investors, and policymakers to assess cross-border economic activity and make informed decisions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on daily market exchange rates.
Historical Context
This exchange rate trend is closely monitored by economists and market analysts to gauge the competitiveness of U.S. and Canadian exports and the flow of capital between the two economies.
Key Facts
- The U.S. dollar and Canadian dollar are the world's 1st and 7th most traded currencies, respectively.
- Canada is the United States' largest trading partner, with over $600 billion in annual two-way goods trade.
- The U.S. dollar-Canadian dollar exchange rate has a significant impact on the profitability of cross-border businesses.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average daily exchange rate between the U.S. dollar and the Canadian dollar, which is a key indicator of the relative strength of the two currencies.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar-Canadian dollar exchange rate is closely watched by businesses, investors, and policymakers as it has a significant impact on international trade, cross-border investment, and economic competitiveness between the two countries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on daily market exchange rates.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this exchange rate trend to assess the competitiveness of U.S. and Canadian exports, the flow of capital between the two economies, and to inform monetary and trade policy decisions.
Q: Are there update delays or limitations?
A: The U.S. Federal Reserve publishes this exchange rate data daily, with minimal delays, making it a timely and reliable indicator of the U.S. dollar's value relative to the Canadian dollar.
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Citation
U.S. Federal Reserve, Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Canada (CCUSMA02CAM618N), retrieved from FRED.