Cad Currency Chart: Usd Cad Historical Price Charts

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A civil engineer working on a weir design using CAD software on a computer screen in an office setting.
Credit: pexels.com, A civil engineer working on a weir design using CAD software on a computer screen in an office setting.

The USD/CAD historical price charts offer valuable insights for traders and investors. The chart shows that the exchange rate between the US dollar and the Canadian dollar has fluctuated significantly over the years.

From 2010 to 2015, the USD/CAD exchange rate was relatively stable, trading between 0.95 and 1.05. However, in 2015, the rate began to rise, reaching a high of 1.34 in January 2016.

The USD/CAD exchange rate is influenced by various economic factors, including interest rates, inflation, and trade balances. The Bank of Canada's decision to raise interest rates in 2017 had a significant impact on the exchange rate.

The average annual return on investment for a USD/CAD exchange rate trade over the past decade has been around 5-7%.

Exchange Rates

The USD/CAD exchange rate has been affected by various economic and political factors over the years. The Federal Reserve's interest rates have a significant impact on the exchange rate.

GDP growth rates, unemployment rates, and money supply are also important factors to consider. The Canadian dollar's value is influenced by commodity prices, such as oil and potash, as well as the Bank of Canada's interest rates.

Credit: youtube.com, USD/CAD Price Forecast - Will the Barrier Continue to Hold?

The exchange rate has fluctuated between 0.94 and 1.46 over the past decade. The Canadian dollar was stronger than the US dollar briefly in 2011-2012.

Economic indicators like GDP growth, inflation, and interest rates can impact the exchange rate. Geopolitical events, such as elections and trade agreements, can also influence the exchange rate.

Here are some key factors that affect the USD/CAD exchange rate:

  • Interest rates set by the Federal Reserve
  • Gross Domestic Product (GDP) growth rates
  • Unemployment rate
  • Commodity prices (oil, potash, zinc, and others)
  • Bank of Canada (BoC) interest rates

These factors can cause the exchange rate to fluctuate, making it essential to stay informed and up-to-date on current market trends.

Historical Data

The Canadian dollar has had its fair share of fluctuations over the years. Between 2008 and 2018, the US to CAD exchange rate ranged from 0.94 to 1.46.

The CAD/USD rate has decreased by 5.59% in the past six months, indicating that the Canadian dollar has lost value compared to the US dollar.

The USD/CAD price data shows a strong uptrend in the US dollar's value relative to the Canadian dollar, especially from 2011-2015.

Credit: youtube.com, USD/CAD Forecast Will the Dam Break for the Canadian Dollar? (January 3, 2025)

The value of the Canadian dollar is influenced by factors such as interest rate differentials, commodity prices, and economic data. For instance, Canada's higher interest rates tend to increase foreign investors' demand for Canadian dollar-denominated securities.

Here are some key economic data that impact the USD/CAD price:

  • Consumer Price Index (CPI)
  • Gross Domestic Product (GDP)
  • Trade Balance
  • Retail Sales
  • Labour Force Survey (Canadian unemployment statistic)
  • Consumer Price Index
  • Industrial Price Index

You can view historical rates between the Canadian dollar and the US dollar for specific years by clicking on the links below.

Chart and Conversion

Using OANDA's Currency Converter is a great way to quickly and easily get the latest CAD currency chart. You can type in currency names, 3-letter ISO currency symbols, or country names to select your currency.

To get the most out of OANDA's converter, remember that you can convert world currencies, precious metals, or even obsolete currencies. This means you can get a sense of how different currencies have performed over time.

You can also access currency exchange rates dating back to January 1990, which can be super helpful for long-term analysis or research. Just keep in mind that this is the earliest date available.

Recent and Past Data

Credit: youtube.com, USDCAD Exploded! News & Chart Analysis - December 24, 2024

The Canadian dollar has had its ups and downs over the years, and recent data shows that the USD/CAD rate is up +5.92% in the last six months, meaning the US Dollar has increased in value compared to the Canadian Dollar.

In the past decade, the USD/CAD exchange rate has been anywhere between 0.94 and 1.46, with the two currencies flipping back and forth between which has been the stronger currency.

During the period of 2011-2012, the Canadian dollar was actually worth more than the US dollar, with the USD/CAD exchange rate briefly dipping below 1.00.

The Canadian dollar has been influenced by factors such as interest rate differentials, commodity prices, inflation rates, and economic data, including the Consumer Price Index, Gross Domestic Product, and Labour Force Survey.

Canada's higher interest rates tend to increase foreign investors' demand for Canadian dollar-denominated securities, which can impact the value of the Canadian dollar.

Credit: youtube.com, USDCAD Technical Analysis: News & Chart Breakdown - October 14, 2024

The Canadian dollar is also heavily dependent on oil prices, which can affect the country's trade terms and the currency itself.

In the last six months, the CAD/USD rate is down -5.59%, meaning the Canadian Dollar has decreased in value compared to the US Dollar.

The USD/CAD exchange rate has shown a strong uptrend since 2011-2012, which drove the exchange rate substantially higher into mid 2015.

Canada's low inflation rate has a positive impact on the exchange rate, which tends to underpin the local currency.

Frequently Asked Questions

Is the Canadian dollar up or down?

The Canadian dollar has decreased slightly over the past week, with a -0.288% drop in value. However, it has remained relatively stable over the past day with a 0.000% change.

Sean Dooley

Lead Writer

Sean Dooley is a seasoned writer with a passion for crafting engaging content. With a strong background in research and analysis, Sean has developed a keen eye for detail and a talent for distilling complex information into clear, concise language. Sean's portfolio includes a wide range of articles on topics such as accounting services, where he has demonstrated a deep understanding of financial concepts and a ability to communicate them effectively to diverse audiences.

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