USD/CAD
US dollar · Canadian dollarForex · USD/CAD
+0.37 % in chart
USD/CAD: US and Canadian dollars
USD/CAD expresses Canadian dollars per US dollar. An increase means a stronger US dollar against the Canadian dollar; a decline means a stronger Canadian dollar. The CAD price label matters: these are two separate currencies, rather than alternative names for one currency.
For someone receiving US dollars and spending in Canada, a higher rate yields more Canadian dollars for the same income before costs. The effect reverses when payments flow in the other direction. The indicative market rate excludes a bank’s spread, transfer fees and execution terms.
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Candles, daily change and available history
The underlying market series is USD/CAD in CAD per USD. Daily change refers to the previous available daily close. The figure below the chart uses its first and last visible observations; zooming can therefore change it without changing the daily quote itself.
Simple view selects a period; Pro chooses candle duration. Weeks and months combine daily OHLC from the same pair, so an older provider aggregate does not replace an available newer daily close. Neither another dollar’s price nor a crown fixing is mixed in. Unavailable trading volumes remain hidden.
Comparing crude oil and other currencies
Comparison can place USD/CAD beside WTI crude oil, AUD/USD or GBP/USD. The oil chart is a continuous futures series, while the currency pair is an indicative exchange rate. They represent different instruments and trading schedules.
Lines moving together or diverging do not prove a permanent relationship between the Canadian dollar and oil. In AUD/USD and GBP/USD, the US dollar also appears on the other side of the quote. Interpret return signs in that direction; neither the comparison nor the selected interval predicts the next move.
Author: D.M.Updated