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Market Commentary 31523
June, 2019 Data:
The 12 month forecast for the Canadian Dollar is in the table at the top of this
page. Forecast-Chart.com is forecasting that the exchange rate for the
Canadian Dollar will be roughly 1.31 Canadian Dollars to the USD. The table
shows a HDTFA of 0.07 which suggests that the July, 2020 currency exchange
rate could easily fall between 1.39 and 1.24 CAD/USD. Links to Forecasts for
fourteen other currencies may be found by clicking Currency Exchange
Forecasts at the top of this page.
All data and calculations on this page are based on the average daily rate per
calendar month for CAD/USD.
HISTORICAL EXCHANGE RATE SUMMARY: CAD/USD
Average (Last 12 Months) 1.33
Average (Last 10 Years) 1.16
High (Last 12 Months) 1.36 (December, 2018)
Low (Last 12 Months) 1.31 (August, 2018)
High (Since January, 1971) 1.60 (January, 2002)
Low (Since January, 1971) 0.96 (July, 2011)
The Canadian Dollar exchange rate for June, 2019 averaged 1.31 CAD to USD.
That's 3.7 basis points lower than the May, 2019 rate of 1.35, and 0 basis
points higher than the June, 2018 rate of 1.31. The fall in the CAD/USD
exchange rate from May to June provides evidence that the short term trend in
CAD/USD is down. In other words, a weakening of the US Dollar against the
Canadian Dollar in the short term. If that trend continues in the currency
market, we should see an average daily rate in July, 2019 that is close to 1.27.
The average Canadian Dollar conversion rate over the last 12 months was
1.33. The average rate over the last 10 years was 1.16. A higher Canadian
Dollars to US Dollars exchange rate over the last 12 months compared to the
average rates over the last 10 years serve as an indicator that the long term
trend in CAD/USD is up (strengthening US Dollar against the Canadian Dollar).
The highest currency rate for CAD/USD over the last 12 months was 1.36. The
lowest was 1.31. The market high was attained in December, 2018. The market
low was achieved in August, 2018.
Forecast-Chart.com's historical research covers Canadian Dollar data back to
January, 1971. The average exchange value during that period of history was
1.22 CAD/USD. The highest rate was 1.60. The lowest was 0.96. The market
high was attained in January, of 2002. The market low was achieved in July of
2011. Recent rates experienced in June of 2019 are similar to the historical
1.22 average.
This page provides a five year chart and a forecast for the Canadian Dollar.
For links to longer term charts, look at the links under the five year chart
(above). One link opens a ten year chart. Another opens our longest term
graph on the Canadian Dollar. Just one glance at our long term charts can
provide tremendous insight into the historical trends of the financial markets.
The table above presents additional historical information on the Canadian
Dollar. Rate data is presented on an annual basis.
Data Source: Board of Governors of the Federal Reserve System (US), Canada
/ U.S. Foreign Exchange Rate [EXCAUS], retrieved from FRED, Federal
Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/EXCAUS
SignalTrend Inc. 2008 - 2019; All rights reserved.
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
June, 2019 Data:
The 12 month forecast for the Canadian Dollar is in the table at the top of this
page. Forecast-Chart.com is forecasting that the exchange rate for the
Canadian Dollar will be roughly 1.31 Canadian Dollars to the USD. The table
shows a HDTFA of 0.07 which suggests that the July, 2020 currency exchange
rate could easily fall between 1.39 and 1.24 CAD/USD. Links to Forecasts for
fourteen other currencies may be found by clicking Currency Exchange
Forecasts at the top of this page.
All data and calculations on this page are based on the average daily rate per
calendar month for CAD/USD.
HISTORICAL EXCHANGE RATE SUMMARY: CAD/USD
Average (Last 12 Months) 1.33
Average (Last 10 Years) 1.16
High (Last 12 Months) 1.36 (December, 2018)
Low (Last 12 Months) 1.31 (August, 2018)
High (Since January, 1971) 1.60 (January, 2002)
Low (Since January, 1971) 0.96 (July, 2011)
The Canadian Dollar exchange rate for June, 2019 averaged 1.31 CAD to USD.
That's 3.7 basis points lower than the May, 2019 rate of 1.35, and 0 basis
points higher than the June, 2018 rate of 1.31. The fall in the CAD/USD
exchange rate from May to June provides evidence that the short term trend in
CAD/USD is down. In other words, a weakening of the US Dollar against the
Canadian Dollar in the short term. If that trend continues in the currency
market, we should see an average daily rate in July, 2019 that is close to 1.27.
The average Canadian Dollar conversion rate over the last 12 months was
1.33. The average rate over the last 10 years was 1.16. A higher Canadian
Dollars to US Dollars exchange rate over the last 12 months compared to the
average rates over the last 10 years serve as an indicator that the long term
trend in CAD/USD is up (strengthening US Dollar against the Canadian Dollar).
The highest currency rate for CAD/USD over the last 12 months was 1.36. The
lowest was 1.31. The market high was attained in December, 2018. The market
low was achieved in August, 2018.
Forecast-Chart.com's historical research covers Canadian Dollar data back to
January, 1971. The average exchange value during that period of history was
1.22 CAD/USD. The highest rate was 1.60. The lowest was 0.96. The market
high was attained in January, of 2002. The market low was achieved in July of
2011. Recent rates experienced in June of 2019 are similar to the historical
1.22 average.
This page provides a five year chart and a forecast for the Canadian Dollar.
For links to longer term charts, look at the links under the five year chart
(above). One link opens a ten year chart. Another opens our longest term
graph on the Canadian Dollar. Just one glance at our long term charts can
provide tremendous insight into the historical trends of the financial markets.
The table above presents additional historical information on the Canadian
Dollar. Rate data is presented on an annual basis.
Data Source: Board of Governors of the Federal Reserve System (US), Canada
/ U.S. Foreign Exchange Rate [EXCAUS], retrieved from FRED, Federal
Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/EXCAUS
SignalTrend Inc. 2008 - 2019; All rights reserved.
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
| 1.20 |
| 1.40 |
| 1.60 |
Canadian Dollars per 1 US Dollar are shown in gray (average daily rate per calendar month). The
forecast for the target month is shown in green. If the line in the chart is falling (left to right), the US
Dollar has weakened, causing...
forecast for the target month is shown in green. If the line in the chart is falling (left to right), the US
Dollar has weakened, causing...
| Canadian Dollar to US Dollar (CAD to USD) - 5 Year History |
| 1.00 |
| .60 |
| 1.80 |
| .80 |
| Canadian Dollar Forecast Recent Currency Exchange Rates |
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Forecast & Current Analysis: Canadian Dollar (CAD)
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