Canadian dollar to US dollar CAD to USD exchange rate, chart

Let’s say you can choose between two different savings accounts. One gives you 5% interest, the other gives you 2%. You’re obviously picking the 5% one, right? Investors do the same thing with currencies—when U.S. interest rates are higher than Canada’s, people move their money into U.S. dollars, making it stronger. Between January 2016 to February 2020, the slow but steady recovery in energy prices increased the value of the Canadian dollar from 70 cents U.S. to 75.3 cents U.S.

Low energy prices, combined with the strength of the U.S. dollar reduced the value of the Canadian dollar to below 70 cents U.S. in January 2016. Stay informed, check multiple sources, and use real-time tools to track what’s happening. Want to test your strategy risk-free? Try a forex demo account to refine your trading skills before committing real money. This surge in demand for U.S. dollar-denominated assets contributed to a decline in the value of the Canadian dollar, from 75.3 cents U.S. in February 2020 to 71.1 cents in April 2020. Heading to the U.S. and need to exchange your Canadian dollars?

Check live rates, send money securely, set rate alerts, receive notifications and more. Wise never hides fees in the exchange rate. Compare our rate and fee with our competitors and see the difference for yourself.

Key Factors Driving USD/CAD in 2025

It’s known locally as a buck or greenback. To view rates between the US Dollar and the Canadian Dollar for a particular year, click on one of the links below. This means the US Dollar has increased in value compared to the Canadian Dollar.

USD to CAD Chart for 2025

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So, if you’re trading this pair in 2025, keeping an eye on those reports (and the Fed-BoC interest rate dynamic) will be crucial.
However, predicting exchange rate movements is difficult because these factors interact at the same time.
Wise never hides fees in the exchange rate.
This means the US Dollar decreased in value compared to the Canadian Dollar.
This means the US Dollar has increased in value compared to the Canadian Dollar.

Global business payments simplified.

Mastering the skill of interpreting raw price movements on currency charts can be a game-changer for achieving financial independence in the Forex market. While many traders get overwhelmed by an overload of indicators… USD/CAD brings the right mix of liquidity, volatility, and predictable reactions to economic news—perfect for traders who like action.

Since energy prices remained relatively stable, by comparison, the Canadian dollar slowly lost its appeal and dropped below 90 cents U.S. in early 2014. Now, the exchange rate between the Canadian dollar and any foreign currency is determined by the forces of supply and demand, that is, like the value of any other openly traded good or service. Factors that increase (or decrease) demand for the Canadian dollar, or that decrease (or increase) demand for foreign currency, place upward (or downward) pressure on the exchange rate. Create a chart for any currency pair in the world to see their currency history. These currency charts use live mid-market rates, are easy to use, and are very reliable. Where is better exchange rate to exchange Canadian dollars to USD?

Some say the damage would be short-lived, but markets don’t like uncertainty, and that’s enough to shake things up.
RSI is flashing “overbought”, which means traders have been piling into USD.
This surge in demand for U.S. dollar-denominated assets contributed to a decline in the value of the Canadian dollar, from 75.3 cents U.S. in February 2020 to 71.1 cents in April 2020.
The U.S. dollar is the currency most used in international transactions.

They add hidden markups to their exchange rates – charging you more without your knowledge. donchian channel metatrader 4 And if they have a fee, they charge you twice. With a target interest rate of almost zero and the implementation of a fiscal stimulus package, the U.S. economy gradually recovered from the 2008 financial crisis. This resulted in growing productivity and employment, and an inflow of investments to the U.S.

An interest rate differential can affect relative currency values. The USD to CAD exchange rate usually has a negative correlation with the GBP/USD, AUD/USD, and NZD/USD pairs. USD/CAD is one of three commodity pairs that include NZD/USD and AUD/USD. These pairs mergers and acquisitions for dummies by bill snow are strongly correlated to commodity fluctuations, oil in particular. Which foreign currency exchange has the best exchange rate in Montreal? I want to exchange money from USD to CAD.

RSI is flashing “overbought”, which means traders have been piling into USD. Could be a sign of a cooldown—or just the start of an even bigger move. Trump Tariff Threats & Trade Policy Uncertainty – If a new Trump administration rolls out tariffs on Canadian exports, CAD could take a hit.

Is USD up or down compared to CAD in the last

For 2025, traders, businesses, and even consumers and travellers are keeping an eye on the USD/CAD pair to see where it’s headed. Let’s break down what actually makes this foreign exchange (FX) market tick. From May 2021 to June 2024, the value of the Canadian dollar fell from 82.5 cents U.S. to 73 cents U.S. due to lower energy prices and Canada’s lower interest rates compared to those of the U.S. Economic theory and empirical evidence have identified factors that, in isolation from one another, have predictable effects on exchange rates. However, predicting exchange rate movements is difficult because these factors interact at the same time. Often, the reasons underlying recent movements are evident only in hindsight.

If you’re serious about trading or investing, don’t marry a prediction—stay glued to real-time economic reports, central bank chatter, and market reactions. A lot depends on key data points—GDP growth, inflation, employment numbers, and central bank policy shifts. So, if you’re trading this pair in 2025, keeping an eye on those reports (and the Fed-BoC interest rate dynamic) will be crucial. Expect volatility, expect surprises, and most importantly, have a plan.

Our currency rankings show that the most popular Canadian Dollar exchange rate is the CAD to USD rate. The currency code for Canadian Dollars is CAD. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. The currency code for US Dollars is USD.

That’s because currencies move like stocks, fluctuating based on supply, demand, and a lot of economic forces. The USD and CAD can be traded 24×5, starting from the time markets open What Is a Stock Index on Monday mornings in Sydney until they close on Fridays at 5 PM in New York. Exchange rates can fluctuate by the minute while markets are open.

It’s known locally as a buck or a loonie, with the two-dollar coin known as a toonie. You’ll now see the value of the converted currency according to the most recent exchange rate. Volatility creates huge opportunities if you’re on the right side of the trade.Unlike random price moves, news-based shifts have actual catalysts behind them. But let’s not forget the other side of the coin. If inflation in the U.S. remains sticky, the Federal Reserve might have no choice but to keep rates high for longer. That would maintain demand for USD, especially with investors flocking to the safety of the world’s reserve currency.

In response to the 2007 housing market crash, the U.S. Federal Reserve Bank reduced its target interest rate from 5.25% in September 2007 to an unprecedented level of 0% to 0.25% in December 2008. As a result, by early 2009, most world currencies, including the Canadian dollar, had lost most of their pre-2008 gains against the U.S. dollar (see Figure 3 in the Appendix). Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate.