#Canadian currency converter by date update
#Canadian currency converter by date full

Part of this can be attributed to Canada’s weakened economy, which has been slowed by lingering effects from the global recession. By January 2014, the CAD had fallen to a value of US$0.9141 by January 2014, and by a further 10% to US$0.8249 by January 2015. The US dollar surged ahead in 2014, rising against all major world currencies for the first time since 2000. US oil and gas output has risen, reducing its demand on imports, and an improved climate has seen employment levels and private sector output improve. Since early 2013, the CAD has steadily lost value against the USD as the American economy began to see solid improvements. However, in February 2013, the CAD’s value finally dipped below that of the USD, and it has yet to rise above this level since. Even though the Canadian economy had started to soften in 2011 as the global recession and the subprime mortgage crisis began to have an effect, the CAD dollar was still trading at a premium to the US dollar, though it was fluctuating in a range of CAD to USD $0.97 to $1.02 from 2009-2012. Over the next two years, the US economy was weighed down by a number of issues, including a weakened financial sector, rising unemployment, stagnating wages, shrinking corporate investments, lowered consumer consumption, and a depressed housing market. This was the first time the Canadian dollar surpassed the value of the USD since October 1976. The CAD to USD exchange rate jumped by over 21% in nine months, from US$0.8536 in February 2007 to US$1.0396 in November.

#Canadian currency converter by date full

With the onset of the subprime mortgage crisis in 2007-2008, which quickly morphed into a full blown economic downturn, the Canadian dollar rose sharply against the USD. By the end of 2003 the CAD had risen to a conversion rate of CAD to USD US$0.7613 and it continued to climb, reaching a then-high point of US$0.90 in May 2006. In April 2003, however, as the US economy faltered from the first technology crash and lowered housing prices, the Canadian dollar began to gain ground against a weakening US dollar. In the early years of this century, the US dollar had the upper hand the Canadian dollar traded between a value of US$0.66 and US$0.68 between January 2000 and March 2003. The average exchange rate for this currency pair between 2000-2015 is US$0.8534. Since early 2000, the CAD has traded in a range with the US dollar of US$0.6246 to US$1.0455. Over a 50-year period, however, the CAD to USD exchange rate has fluctuated between a low of US$0.6202 to a peak of US$1.0852 to the Canadian dollar. While the Canadian dollar to US dollar exchange rate (CAD to USD) has varied considerably in the last twenty years, the CAD has typically been the weaker of the two. The information presented in the review is accurate as of the date of the review.Ĭheck with the providers directly for the most current information.įXcompared does the research to help you compare international money transfer providers from around the globe. Opinions expressed therein are solely those of the reviewer. FXcompared is not an FX trading platform and should not be used to inform anyĪll reviews are prepared by FXcompared. Reflect any special rates individual customers may be offered by a provider, either on sign up or ratesįor any repeat transfers.

#Canadian currency converter by date update

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