Production: Construction: Total for Canada
Canadian Dollar, Monthly level, Annual, Seasonally Adjusted
PRCNTO01CAA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,893,750,000.00
Year-over-Year Change
27.07%
Date Range
1/1/1961 - 1/1/2022
Summary
This economic trend measures the monthly level of the Canadian dollar in terms of its annual, seasonally adjusted value. It provides insights into the strength and fluctuations of the Canadian currency, which is relevant for cross-border trade, investments, and economic policy decisions.
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 is the official currency of Canada and a major global reserve currency. This monthly, seasonally adjusted series tracks the annual level of the Canadian dollar, offering a comprehensive view of its performance over time. Economists and policymakers closely monitor the Canadian dollar to assess its impact on the country's exports, imports, and overall economic competitiveness.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The Canadian dollar trend is closely watched by governments, central banks, and international businesses to inform trade, investment, and monetary policy decisions.
Key Facts
- The Canadian dollar is the 5th most traded currency globally.
- Canada is the United States' largest trading partner.
- The Canadian dollar reached a record high of 1.10 USD in 2007.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly level of the Canadian dollar in terms of its annual, seasonally adjusted value.
Q: Why is this trend relevant for users or analysts?
A: The Canadian dollar trend is closely monitored by economists, policymakers, and businesses to assess its impact on trade, investments, and economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: Governments, central banks, and international businesses use the Canadian dollar trend to inform trade, investment, and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays, providing a timely and comprehensive view of the Canadian dollar's performance.
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Citation
U.S. Federal Reserve, Canadian Dollar, Monthly level, Annual, Seasonally Adjusted (PRCNTO01CAA189S), retrieved from FRED.