Canadian Dollar To Us Dollar Last 30 Days
Introduction
Are you planning a trip to the United States or doing business with American companies? It's essential to keep an eye on the Canadian dollar to US dollar exchange rate. In the last 30 days, the exchange rate has been fluctuating, and it's crucial to stay up-to-date with the latest trends.
Current Exchange Rate
As of September 30th, 2021, the Canadian dollar to US dollar exchange rate was 0.794. This means that for every Canadian dollar, you could get 0.794 US dollars. However, this rate has been changing over the last 30 days.
Exchange Rate Trends
Over the last 30 days, the Canadian dollar has been fluctuating against the US dollar. On September 1st, 2021, the exchange rate was 0.794, the same as it is today. However, it reached its lowest point on September 20th, 2021, when it was 0.771. This was a significant drop from the beginning of September.
The Canadian dollar started to recover after September 20th, and by September 30th, it was back at 0.794. This shows that the exchange rate can be volatile and can change quickly.
Factors Affecting Exchange Rates
Several factors can affect the Canadian dollar to US dollar exchange rate. These include:
- Monetary policy decisions by the Bank of Canada and the Federal Reserve
- Economic data releases, such as GDP, inflation, and employment reports
- Trade agreements between Canada and the US
- Political stability in both countries
These factors can change quickly and can have a significant impact on the exchange rate.
What Does the Exchange Rate Mean for You?
The exchange rate can have an impact on your finances, whether you're traveling or doing business. For example:
- If you're traveling to the US, a lower exchange rate means that your Canadian dollar won't go as far. You'll need more Canadian dollars to get the same amount of US dollars.
- If you're doing business with US companies, a higher exchange rate means that your Canadian dollar will go further. You'll get more US dollars for every Canadian dollar you exchange.
Conclusion
The Canadian dollar to US dollar exchange rate can be volatile and can change quickly. In the last 30 days, the exchange rate has fluctuated, reaching its lowest point on September 20th, 2021. Several factors can affect the exchange rate, including monetary policy decisions, economic data releases, trade agreements, and political stability. It's essential to stay up-to-date with the latest trends and be aware of how the exchange rate can impact your finances.