About the dolar american to dolar canadian exchange rate
The USD/CAD pair shows how many dolar canadian (CAD) one dolar american (USD) 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.
USD/CAD is quoted as CAD per one USD. At 1,4221, 1 USD equals 1,4221 CAD and 1 CAD equals 0,7032 USD. The inverse pair is CAD/USD.
The rate moves with interest-rate differentials, inflation, growth and capital flows between the dolar american and dolar canadian areas. Treasury teams, investors and travelers use USD/CAD to convert prices, hedge FX risk and compare returns.
How USD/CAD is quoted
In USD/CAD, USD is the base currency and CAD is the quote currency: the price is how many dolar canadian buy one dolar american. A rise in USD/CAD means dolar american strengthened against dolar canadian; a fall means dolar american weakened.
What drives the dolar american to dolar canadian rate
The USD/CAD rate mainly reflects the policy-rate gap, relative inflation, current-account balances and risk appetite between the dolar american and dolar canadian economies. CPI, employment, GDP surprises and central-bank decisions typically cause the largest daily moves.