Labor Compensation: Earnings: Manufacturing: Hourly for Canada
Canadian Dollar, Annual, Not Seasonally Adjusted
LCEAMN01CAA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.17
Year-over-Year Change
33.12%
Date Range
1/1/1960 - 1/1/2022
Summary
This trend measures the annual average exchange rate of the Canadian dollar against the U.S. dollar. It is a key indicator of international trade competitiveness and the relative strength of the Canadian economy.
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 Canadian dollar/U.S. dollar exchange rate is a widely tracked economic indicator that reflects the relative value of the two currencies. It is used by policymakers, analysts, and businesses to assess trade balances, investment flows, and the purchasing power of the Canadian economy.
Methodology
This data is collected and calculated by the U.S. Federal Reserve based on daily market exchange rates.
Historical Context
The Canadian dollar exchange rate is closely monitored for its implications on Canadian exports, tourism, and cross-border investment.
Key Facts
- The Canadian dollar is the 5th most traded currency globally.
- Canada is the largest trading partner of the United States.
- The Canadian dollar has fluctuated between $0.62 and $1.07 USD over the past 20 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average exchange rate between the Canadian dollar and the U.S. dollar. It reflects the relative strength and purchasing power of the Canadian currency.
Q: Why is this trend relevant for users or analysts?
A: The Canadian dollar exchange rate is a key indicator for assessing trade competitiveness, investment flows, and the overall performance of the Canadian economy.
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: Policymakers and analysts closely monitor the Canadian dollar exchange rate for its implications on exports, tourism, and cross-border investment between Canada and the United States.
Q: Are there update delays or limitations?
A: The data is released annually without seasonal adjustments, so there may be some delay in capturing short-term exchange rate fluctuations.
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LRUNTTTTCAM156S
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Real Gross Fixed Capital Formation for Canada
NFIRSAXDCCAQ
Bank Deposits to GDP for Canada
DDOI02CAA156NWDB
Nominal Imports of Services for Canada
NMSNSAXDCCAQ
Balance of Payments: Capital Account: Balance (Revenue Minus Expenditure) for Canada
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Citation
U.S. Federal Reserve, Canadian Dollar, Annual, Not Seasonally Adjusted (LCEAMN01CAA189N), retrieved from FRED.