Price
Follow this real-time price chart to speculate on the price movements of the pair. With this convenient live chart, you can view the current price, analyze the price dynamics, trace historical USD to CAD exchange rates, build your trading strategy, and trade on the NAGA platform.
The USD/CAD currency pair symbol is the abbreviation for the U.S vs Canadian dollar exchange rate and is also known among investors as the “Loonie”. In this pairing, the US dollar has been traditionally the stronger currency against the Canadian dollar. However, there were periods when they have reached parity. Various factors can affect the USD/CAD price as well as the pair’s rate such as the difference in the interest rates between the U.S. Federal Reserve and the Bank Of Canada as well as the activities of each bank in the open market. Moreover, another major component that has a great impact on the value of the pair is the price of the commodities in Canada with that of the crude oil being the most important one. USD/CAD is considered to be a very popular investment instrument used by most traders in the forex market.