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Canadian Dollar To Us Dollar Exchange Rate Graph

Canadian Dollar To Us Dollar Exchange Rate Graph

Canada and the United States have one of the world's most active trade partnerships. As a result, the exchange rate between the Canadian dollar and the US dollar is an important economic indicator for businesses and investors in both countries.

What is an exchange rate?

Exchange Rate

An exchange rate is the value of one country's currency compared to another country's currency. Exchange rates are determined by the foreign exchange market, which is made up of banks, commercial companies, central banks, and investment management firms.

Factors that affect the Canadian dollar to US dollar exchange rate

Factors That Affect The Canadian Dollar To Us Dollar Exchange Rate

The exchange rate between the Canadian dollar and the US dollar is affected by various economic and political factors. Some of the factors that affect the exchange rate include:

  • Interest rates
  • Inflation rates
  • Economic growth
  • Government policies
  • Political stability

Canadian dollar to US dollar exchange rate history

Canadian Dollar To Us Dollar Exchange Rate History

The Canadian dollar to US dollar exchange rate has been volatile over the years. In the 1980s, the Canadian dollar was worth more than the US dollar. However, in the 1990s, the Canadian dollar lost value and was worth less than the US dollar. Since 2002, the Canadian dollar has been worth more than the US dollar, with a few exceptions.

Canadian dollar to US dollar exchange rate graph

Canadian Dollar To Us Dollar Exchange Rate Graph

The Canadian dollar to US dollar exchange rate graph shows the historical exchange rate between the two currencies. The graph can be used to track the performance of the Canadian dollar against the US dollar over time.

Why is the Canadian dollar to US dollar exchange rate important?

Why Is The Canadian Dollar To Us Dollar Exchange Rate Important?

The Canadian dollar to US dollar exchange rate is important for several reasons. Firstly, it affects the price of goods and services imported and exported between Canada and the United States. Secondly, it influences the cost of travel and tourism between the two countries. Lastly, it affects the value of investments and assets denominated in either Canadian dollars or US dollars.

Conclusion

The Canadian dollar to US dollar exchange rate is an important economic indicator that affects businesses and investors in both countries. The exchange rate is affected by various economic and political factors, including interest rates, inflation rates, economic growth, government policies, and political stability. The exchange rate has been volatile over the years, with the Canadian dollar being worth more and less than the US dollar at different times. The exchange rate graph can be used to track the performance of the Canadian dollar against the US dollar over time, and it is important for businesses and investors to keep an eye on the exchange rate to make informed decisions.

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