International Merchandise Trade Statistics: Exports: Commodities for Canada
Canadian Dollar, Annual, Not Seasonally Adjusted
XTEXVA01CAA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
780,589,400,000.00
Year-over-Year Change
71.49%
Date Range
1/1/1955 - 1/1/2024
Summary
The Canadian Dollar, Annual, Not Seasonally Adjusted trend measures the yearly average exchange rate between the Canadian dollar and the U.S. dollar. This benchmark is closely monitored by economists, investors, and policymakers to assess the competitiveness 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
This annual, non-seasonally adjusted series tracks the average annual exchange rate between the Canadian dollar and the U.S. dollar. The Canadian dollar's value relative to the U.S. dollar is a key indicator of Canada's economic performance and global trade competitiveness.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on daily exchange rates.
Historical Context
The Canadian dollar exchange rate is widely used to analyze Canada's trade balance, inflation, and overall economic health.
Key Facts
- The Canadian dollar has fluctuated between $0.63 and $1.07 USD over the past 20 years.
- Canada is the United States' largest trading partner, with over $600 billion in annual bilateral trade.
- The Canadian dollar's exchange rate is a key indicator of the country's economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Canadian Dollar, Annual, Not Seasonally Adjusted trend measures the yearly average exchange rate between the Canadian dollar and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The Canadian dollar's exchange rate is a crucial indicator of Canada's economic performance, trade competitiveness, and global market position.
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 rates.
Q: How is this trend used in economic policy?
A: The Canadian dollar exchange rate is widely used by economists, investors, and policymakers to analyze Canada's trade balance, inflation, and overall economic health.
Q: Are there update delays or limitations?
A: The annual, non-seasonally adjusted data is published with minimal delays, providing a reliable long-term view of the Canadian dollar's exchange rate.
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CANGFCEQDSMEI
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CANLOCOSIORSTM
Consumer Price Index: Transport (COICOP 07): Total for Canada
CANCP070000IXNBQ
Nominal Final Consumption Expenditure for Canada
NCNSAXDCCAQ
Infra-Annual Labor Statistics: Employees Total for Canada
LFESEETTCAM647S
Life Expectancy at Birth, Total for Canada
SPDYNLE00INCAN
Citation
U.S. Federal Reserve, Canadian Dollar, Annual, Not Seasonally Adjusted (XTEXVA01CAA664N), retrieved from FRED.