About the dolar canadian to dolar american exchange rate
The CAD/USD pair shows how many dolar american (USD) one dolar canadian (CAD) buys. Eulerpool publishes the live mid-market rate together with a converter, a one-year chart and conversion tables so you can value cash, invoices and investments in both currencies.
CAD/USD is quoted as USD per one CAD. At 0,7018, 1 CAD equals 0,7018 USD and 1 USD equals 1,4248 CAD. The inverse pair is USD/CAD.
The rate moves with interest-rate differentials, inflation, growth and capital flows between the dolar canadian and dolar american areas. Treasury teams, investors and travelers use CAD/USD to convert prices, hedge FX risk and compare returns.
How CAD/USD is quoted
In CAD/USD, CAD is the base currency and USD is the quote currency: the price is how many dolar american buy one dolar canadian. A rise in CAD/USD means dolar canadian strengthened against dolar american; a fall means dolar canadian weakened.
What drives the dolar canadian to dolar american rate
The CAD/USD rate mainly reflects the policy-rate gap, relative inflation, current-account balances and risk appetite between the dolar canadian and dolar american economies. CPI, employment, GDP surprises and central-bank decisions typically cause the largest daily moves.