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The Canadian dollar (CAD) has a rich history in its exchange rate with the US dollar (USD), with fluctuations that can be attributed to various economic factors.
One significant event in CAD to USD history was the 1970s oil embargo, which led to a sharp decline in the value of the Canadian dollar.
The Canadian dollar's value continued to fluctuate, influenced by changes in global oil prices, trade policies, and interest rates.
In the 1980s, the Canadian dollar experienced a significant devaluation, falling to a low of 1.00 USD = 1.64 CAD in 1985, largely due to high inflation and a decline in the country's manufacturing sector.
This period of economic instability had a lasting impact on the CAD to USD exchange rate, setting the stage for future fluctuations.
Historical Rate Data
You can view historical CAD to USD exchange rates by year by clicking on one of the links in the list provided, which includes rates for the years 2025, 2024, 2023, 2022, 2021, 2020, 2019, 2018, 2017, and 2016.
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To see the historical data for a specific period, visit a page that shows the exchange rate history from a specific date, such as Friday 24/01/2025 To Saturday 15/02/2025. This page includes a history chart that you can use to review market history and analyze rate trends.
The CAD/USD rate has decreased in value over the past six months, down -5.59%.
Last 6 Months
The last six months have been a wild ride for currency exchange rates. The CAD/USD rate is down -5.59% in the six months, meaning the Canadian Dollar has decreased in value compared to the US Dollar.
This decline in the CAD/USD rate is a significant shift in the market.
CadUsd Historical Rate
The Canadian Dollar to US Dollar exchange rate has been quite volatile over the past few months, with a significant drop in value.
According to the historical chart, the CAD/USD rate is down -5.59% in the six months, indicating that the Canadian Dollar has decreased in value compared to the US Dollar.
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To get a better understanding of the rate fluctuations, let's take a look at the historical table for the past few months. On Friday, 14/02/2025, the exchange rate was 1 CAD = 0.7048 USD.
Here's a snapshot of the exchange rate for the past few months:
You can also view the exchange rate history by year by clicking on one of the links below:
- 2025
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
Rate Charts and Inversions
The CAD to USD exchange rate has fluctuated significantly over the past few weeks, with a notable dip on Sunday 02/02/2025 when the rate dropped to 0.67921 USD.
Looking at the data, the lowest rate recorded during this period was on Sunday 02/02/2025 at 0.67921 USD. This is a significant drop from the highest rate, which was on Wednesday 05/02/2025 at 0.69847 USD.
The exchange rate has been steadily decreasing over the past few weeks, with a few minor spikes in between.
Invert 2018 Chart
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The CAD/USD exchange rate dropped significantly in 2018. It's a stark reminder that exchange rates can fluctuate dramatically from one year to the next.
The CAD/USD rate was down -7.98% in 2018, which means the Canadian Dollar decreased in value compared to the US Dollar. This is a notable decrease that can have real-world implications for travelers and businesses.
Looking at the data, it's clear that 2018 was a challenging year for the Canadian Dollar.
Invert Canadian to US Historical Chart
The CAD/USD rate is down -7.98% in 2018, meaning the Canadian Dollar decreased in value compared to the US Dollar.
This trend is not unique to 2018, as we can see in the Canadian Dollar to US Dollar Rates by Year section, which shows the CAD/USD rate for each year from 2016 to 2025.
To view the rates for a specific year, simply click on the corresponding link. For example, to see the rates for 2025, click on the "2025" link.
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The CAD/USD rate can be inverted, which means we can view the US Dollar to Canadian Dollar rates instead. This can be done by clicking on the "Invert" button on the CAD to USD Historical Chart page.
Here is a table showing the CAD/USD rate for each month in 2025:
Note that the CAD/USD rate for the months of March to December in 2025 is not available.
Factors Affecting the Rate
The CAD to USD exchange rate is influenced by various economic indicators, one of which is GDP growth. A strong GDP growth in Canada can lead to a stronger Canadian dollar.
Central bank decisions, such as interest rate changes, can also impact the exchange rate. For example, in January 2025, the interest rate change affected the exchange rate, with the CAD to USD rate fluctuating between 0.68769 USD and 0.69447 USD.
Geopolitical events can also influence the exchange rate. A notable example is the election-related volatility in the exchange rate, which can be seen in the significant drop in the CAD to USD rate from 0.69356 USD to 0.67921 USD on February 2, 2025.
In addition to these factors, other economic indicators, such as inflation and interest rates, can also impact the exchange rate. As seen in the exchange rate history, a slight increase in interest rates on January 29, 2025, led to a stronger CAD to USD rate of 0.69447 USD.
The relationship between the CAD to USD exchange rate and economic indicators is complex and influenced by various factors. However, understanding these factors can help you make informed decisions when exchanging currencies.
Frequently Asked Questions
When was the last time CAD was equal to USD?
The Canadian dollar (CAD) last met the US dollar (USD) at parity on September 20, 2007. This marked the first time since November 25, 1976, that the two currencies were equal in value.
Is CAD to USD going up or down?
The CAD to USD exchange rate is currently trending downward, having decreased by -0.20% from the previous market day and -8.53% from one year ago. Check the latest exchange rate for the most up-to-date information.
What is the lowest the Canadian dollar has been to the US dollar?
The Canadian dollar has reached an all-time low of US$0.6179 against the US dollar on January 21, 2002. This significant drop occurred during a period of economic uncertainty.
Is the CAD to USD exchange rate good right now?
The CAD to USD exchange rate is currently down 8.53% from last year, indicating a relatively weak Canadian dollar. However, a recent 0.20% decrease from the previous day may be a buying opportunity worth exploring.
What is the historical high for USD CAD?
The historical high for USD CAD is 1.62, reached in January 2002. This significant milestone marks a peak in the exchange rate between the US and Canadian dollars.
Sources
- https://wise.com/us/currency-converter/cad-to-usd-rate/history
- https://www.currency-converter.org.uk/currency-rates/historical/table/CAD-USD.html
- https://www.exchange-rates.org/exchange-rate-history/cad-usd-2018
- https://cad.fxexchangerate.com/usd-exchange-rates-history.html
- https://www.exchange-rates.org/exchange-rate-history/cad-usd
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