Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Canada
Canadian Dollar, Quarterly, Not Seasonally Adjusted
MANMM101CAQ189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,510,979,333,333.33
Year-over-Year Change
13.27%
Date Range
1/1/1960 - 7/1/2023
Summary
This trend measures the quarterly value of the Canadian dollar against the U.S. dollar on an unadjusted basis. It provides insight into exchange rate fluctuations relevant for international trade and investment.
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 key economic indicator for Canada, the U.S., and global markets. This quarterly, not seasonally adjusted series tracks the nominal value of the Canadian dollar relative to its largest trading partner.
Methodology
The data is collected by the U.S. Federal Reserve from market sources.
Historical Context
Policymakers and analysts use this exchange rate trend to assess Canada's economic competitiveness and the impacts on cross-border commerce.
Key Facts
- Canada is the largest trading partner of the United States.
- The Canadian dollar accounts for over 20% of global foreign exchange market turnover.
- Exchange rate fluctuations impact the competitiveness of Canadian exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly value of the Canadian dollar against the U.S. dollar on an unadjusted basis, providing insight into exchange rate fluctuations.
Q: Why is this trend relevant for users or analysts?
A: The Canadian dollar/U.S. dollar exchange rate is a key indicator for assessing Canada's economic competitiveness and the impacts on cross-border trade and investment.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve from market sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this exchange rate trend to evaluate Canada's economic performance and the impacts on international commerce.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be delays in availability compared to more frequently updated series.
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Citation
U.S. Federal Reserve, Canadian Dollar, Quarterly, Not Seasonally Adjusted (MANMM101CAQ189N), retrieved from FRED.