Labor Compensation: Earnings: Manufacturing: Hourly for Canada
Canadian Dollar, Monthly, Not Seasonally Adjusted
LCEAMN01CAM189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.18
Year-over-Year Change
2.06%
Date Range
1/1/1960 - 9/1/2023
Summary
The Canadian Dollar, Monthly, Not Seasonally Adjusted trend measures the value of the Canadian dollar against the U.S. dollar on a monthly basis, without seasonal adjustments. This is a key economic indicator for analyzing trade, investment, and exchange rate 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 Canadian Dollar, Monthly, Not Seasonally Adjusted series tracks the nominal exchange rate between the Canadian dollar and the U.S. dollar. It is used by economists, policymakers, and market analysts to assess the relative strength of the Canadian currency and its potential impacts on the Canadian economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on daily exchange rate observations.
Historical Context
The Canadian dollar exchange rate is a crucial factor in Canada's international trade, competitiveness, and capital flows.
Key Facts
- The Canadian dollar is the world's 7th most traded currency.
- Canada is the United States' largest trading partner.
- Exchange rate fluctuations impact Canadian exports and imports.
FAQs
Q: What does this economic trend measure?
A: The Canadian Dollar, Monthly, Not Seasonally Adjusted trend measures the nominal exchange rate between the Canadian dollar and the U.S. dollar on a monthly basis, without adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: The Canadian dollar exchange rate is a crucial economic indicator that informs analysis of trade, investment, and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on daily exchange rate observations.
Q: How is this trend used in economic policy?
A: The Canadian dollar exchange rate is closely monitored by policymakers and market participants to assess the competitiveness of Canadian exports and the impact on the domestic economy.
Q: Are there update delays or limitations?
A: The Canadian Dollar, Monthly, Not Seasonally Adjusted data is published by the U.S. Federal Reserve with a short lag, typically within a month of the reference period.
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Citation
U.S. Federal Reserve, Canadian Dollar, Monthly, Not Seasonally Adjusted (LCEAMN01CAM189N), retrieved from FRED.