USD to CAD Exchange Rate by Date – Historical Data Guide

The USD to CAD exchange rate serves as a critical benchmark for travelers, businesses, and investors operating between the United States and Canada. For those needing to track currency movements across specific dates—whether for financial reconciliation, tax planning, or investment analysis—accessing reliable historical data has become increasingly important in today’s interconnected economy.

Understanding how the U.S. dollar has traded against the Canadian dollar over time requires examining official sources that document daily, monthly, and yearly rate fluctuations. The currency pair, often abbreviated as USD/CAD, represents how many Canadian dollars one U.S. dollar can purchase at any given moment.

What Is the Historical USD to CAD Exchange Rate?

The USD/CAD exchange rate has undergone significant transformations over the decades, with data spanning back to 1971 now readily available through various financial platforms. Recent monitoring shows the pair trading within a range of approximately 1.36 to 1.39 in early 2026, representing a notable shift from late 2025 levels.

Key Trends Observed in Recent Months

• Late November 2025 saw rates reach approximately 1.405, marking a significant high point before subsequent declines
• February 2026 recorded the lowest recent monthly close at 1.365178, representing the weakest CAD position in the monitored period
• March 2026 showed recovery, closing at 1.372518, with further gains extending into early April
• CAD weakened by roughly 1.75 to 1.77 percent over the preceding month during late March and early April 2026
• Despite short-term weakness, the Canadian dollar has strengthened approximately 3.25 percent over the past twelve months
• Interest rate differentials continue influencing the pair, with the Federal Reserve maintaining a 3.75 percent rate against the Bank of Canada’s 2.25 percent

Data compiled from multiple sources, including OFX and Trading Economics, indicates the overall average for the monitored period stands at approximately 1.381745 CAD per USD.

How to Find USD to CAD Exchange Rate for a Specific Date

Locating the precise exchange rate for any historical date requires using specialized financial data providers. Several established platforms offer searchable databases that allow users to input specific dates and retrieve corresponding exchange rates.

Official and Government Sources

The Bank of Canada maintains downloadable historical rate files, though the current methodology was last updated in April 2017. These files contain noon and closing rates that financial institutions have historically relied upon for reference purposes.

For more recent data, the Federal Reserve Economic Data (FRED) database maintained by the St. Louis Federal Reserve provides daily spot rates from 1971 through early April 2026. This comprehensive dataset allows researchers and analysts to track the currency pair’s evolution over more than five decades.

Commercial Trading Platforms

Platforms like Investing.com offer detailed historical data tables with daily highs, lows, opens, and closing values. These resources prove particularly valuable for traders analyzing short-term volatility patterns and intraday movements.

Currency Conversion Services

XE provides interactive charts extending up to ten years, allowing users to visualize rate movements over extended periods. These charts update with live rates and can be customized to display specific date ranges.

Services including Wise and Revolut offer user-friendly conversion history tools that display mid-market rates and trend analyses. These platforms typically show 24-hour changes and can illustrate rate movements across one-week to twelve-month periods.

Current USD to CAD Rate vs Historical Trends

Comparing present conditions against historical norms reveals important context for understanding where the current exchange rate stands within a broader timeframe. The USD/CAD pair reached its all-time peak of 1.62 in January 2002, making recent levels of approximately 1.39 appear modest by historical comparison.

Short-Term Movements

Daily monitoring reveals consistent fluctuations, with 24-hour changes ranging between 0.06 and 0.40 percent recently. On April 10, 2026, the rate stood at 1.3831, representing a 0.22 percent increase from the previous session. These marginal daily shifts reflect the currency pair’s relative stability compared to more volatile emerging market currencies.

Medium-Term Analysis

Over the past month, the Canadian dollar has experienced weakness against its U.S. counterpart, declining by approximately 1.75 to 1.77 percent. However, the longer twelve-month perspective tells a different story, with CAD strengthening by roughly 3.25 percent against the USD during this extended period.

Factors Affecting USD/CAD Exchange Rates Over Time

Multiple interconnected factors influence how the USD/CAD exchange rate evolves across different time horizons. Understanding these drivers helps explain rate movements and provides context for historical fluctuations.

Central Bank Policy Divergence

Interest rate decisions by the Federal Reserve and the Bank of Canada represent the most significant short-term drivers of currency movements. When the Fed maintains higher rates than its Canadian counterpart, as is currently the case, traders typically favor holding U.S. dollars, exerting downward pressure on CAD.

Commodity Price Linkages

Canada’s status as a major oil producer creates a direct connection between crude oil prices and the Canadian dollar’s value. Oil price increases generally support CAD strength, while declines typically weaken the currency. This commodity linkage means that oil market developments can override traditional monetary policy influences.

Economic Data Releases

Monthly employment reports, gross domestic product figures, and inflation data from both countries shape market expectations regarding future central bank actions. Strong U.S. economic performance relative to Canada tends to favor USD strength, while comparatively better Canadian data can support the loonie.

Global Risk Sentiment

As neighboring developed economies, the United States and Canada both benefit from their status as relatively safe investment destinations. However, during periods of global uncertainty, investors sometimes seek the perceived safety of U.S. Treasury securities, strengthening the dollar against most counterparts including the Canadian dollar.

USD/CAD Historical Milestones and Timeline

Examining key moments in the currency pair’s history provides perspective on how exchange rates have evolved and what driving factors have shaped those movements over time.

1. January 2002: USD/CAD reaches its all-time high of 1.62, representing maximum CAD weakness in modern history
2. Late 2025: Pair approaches 1.405, marking a significant multi-month peak before correction
3. February 2026: Monthly close of 1.365178 establishes recent low point for the monitored period
4. April 2026: Recovery to approximately 1.39 reflects stabilization following earlier weakness

Forecasts from market analysts suggest the current quarter may end with rates around 1.39, while twelve-month projections indicate potential movement toward approximately 1.37. These projections carry inherent uncertainty due to the unpredictable nature of currency markets.

Data Reliability and What Remains Uncertain

Understanding USD/CAD Exchange Rate Data Sources

The availability of multiple data sources for USD/CAD exchange rates serves different user needs. Institutional traders and financial professionals often rely on closing rates from major trading sessions, while retail users may find mid-market rates more relevant for personal currency conversions.

For businesses operating across the border, such as those discussed in analyses of Nayax Canada Inc Master – Profile, Operations and Financial Insights, understanding these data distinctions becomes particularly important when accounting for currency conversions in financial reporting.

“Currency markets reflect the collective assessment of economic conditions, policy expectations, and risk sentiment across two of the world’s largest economies.”

Those seeking to access banking services for international transactions may find resources like the Royal Bank of Canada Login – Secure Sign-In Guide useful for navigating institutional access to currency services.

Summary and Key Takeaways

The USD to CAD exchange rate by date can be traced through numerous official and commercial sources, with data spanning more than five decades available from platforms like FRED and the Bank of Canada. Current rates hovering around 1.39 represent a moderate position compared to the all-time high of 1.62 recorded in 2002, while recent monthly data shows the Canadian dollar recovering from February 2026 lows.

Interest rate differentials between the Federal Reserve at 3.75 percent and the Bank of Canada at 2.25 percent continue influencing short-term movements, though longer-term trends suggest CAD has strengthened approximately 3.25 percent over the past year despite recent monthly weakness.