How are monthly FX rates different from daily exchange rates?

Monthly FX rates show how currency values are expected to trend over longer periods, offering a broader outlook compared to daily fluctuations. This can be useful for planning future transfers or payments.

What drives changes in the Canadian dollar exchange rate?

The Canadian dollar exchange rate is influenced by interest rates, inflation, oil prices, trade balances, and global economic conditions. Sudden geopolitical or financial news can also cause sharp movements.

Are the exchange rate projections guaranteed?

No, exchange rate forecasts are not guarantees. They’re estimates based on expert analysis and historical data. They provide directional guidance but should be combined with other market insights when making decisions.

What are the benefits of tracking monthly FX rates?

Tracking monthly FX rates helps you spot currency trends, plan transfers with better timing, and avoid unfavourable rates. It’s a strategic way to maximize value from your international payments.

Can businesses use these forecasts for budgeting or hedging?

Yes, businesses can use monthly exchange rates and CAD forecasts to budget for international operations, assess pricing impact, or plan hedging strategies to manage currency exposure.

Currency Updates

Canadian Dollar Monthly Exchange Rates Forecast - August 2025

Date : August 1, 2025

Access the latest CAD forecast along with major economic event listings. Track projected currency movements and key market drivers to make better-timed international transfers or hedging decisions.

Canadian Dollar Performance

Currency Pair	Jul 31, 2025	Weekly Change	Monthly Change	Yearly Change
USD / CAD	1.39	1.12%	1.96%	-0.12%
EUR / CAD	1.58	-1.54%	-1.18%	4.68%
GBP / CAD	1.83	-0.66%	-1.28%	3.04%
CAD / JPY	108.78	0.79%	2.71%	2.84%
CAD / CHF	0.59	1.17%	0.69%	-5.05%
CAD / CNY	5.20	-0.65%	-1.45%	0.71%
CAD / INR	63.13	-0.11%	0.07%	4.41%
AUD / CAD	0.89	-0.88%	-0.34%	-1.23%
NZD / CAD	0.82	-1.15%	-1.52%	-1.39%
CAD / MXN	13.63	0.71%	-1.58%	-1.33%

Canadian Dollar Monthly Forecast

Currency Pair	Sep 2025	Dec 2025	Mar 2026	Jun 2026
USD / CAD	1.37	1.36	1.35	1.35
EUR / CAD	1.60	1.58	1.56	1.56
GBP / CAD	1.85	1.85	1.85	1.84
CAD / JPY	106	106	105	104
CAD / CHF	0.58	0.58	0.58	0.58
CAD / CNY	5.26	5.30	5.26	5.30
CAD / INR	62.96	63.43	63.15	63.63
AUD / CAD	0.89	0.91	0.93	0.92
NZD / CAD	0.82	0.83	0.85	0.84
CAD / MXN	13.93	14.18	14.14	14.02

Key Economic Events This Month

Key Economic Events This Month
USD	Aug 1, 2025	Nonfarm Payrolls
USD	Aug 1, 2025	Unemployment Rate
USD	Aug 5, 2025	Exports + Imports
USD	Aug 5, 2025	Trade Balance
CAD	Aug 5, 2025	Exports + Imports
CAD	Aug 5, 2025	Trade Balance
USD	Aug 7, 2025	Initial Jobless Claims
CAD	Aug 8, 2025	Employment Change
CAD	Aug 8, 2025	Unemployment Rate
USD	Aug 12, 2025	CPI
CAD	Aug 12, 2025	Building Permits
USD	Aug 14, 2025	PPI
USD	Aug 15, 2025	Retail Sales
CAD	Aug 18, 2025	Housing Starts
USD	Aug 19, 2025	Building Permits
USD	Aug 19, 2025	Housing Starts
CAD	Aug 19, 2025	CPI
CAD	Aug 20, 2025	New Housing Price Index
USD	Aug 21, 2025	Existing Home Sales

Upcoming Central Bank Meetings

Country	Date	Event
UK	Aug 7, 2025	Bank of England Interest Rate Decision
Japan	Aug 19, 2025	Bank of Japan Interest Rate Decision
Europe	Sep 11, 2025	European Central Bank Interest Rate Decision
United States	Sep 17, 2025	Federal Reserve Interest Rate Decision
Canada	Sep 17, 2025	Bank of Canada Interest Rate Decision

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How to read CAD forecast?

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The forecast shows you where the Canadian dollar is expected to head over the next few months, based on key market data. Just pick the currency pair you care about (like CAD to USD), and look across the quarters to see how the rate is projected to change.

If the future rate is higher, it could mean the Canadian dollar is expected to weaken. If it’s lower, the loonie might be gaining strength. These forecasts can help you decide when to exchange, transfer, or hold off, giving you more control over your international payments.

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Understanding volatility and risk in FX markets

Foreign exchange markets are highly sensitive to global events, from geopolitical tensions and economic data to central bank decisions. These factors can trigger sudden shifts in currency values, especially for currencies like the Canadian dollar. As a result, the Canadian dollar exchange rate forecast can quickly change when new information impacts market sentiment.

Unexpected interest rate hikes, surprise inflation readings, or political instability can cause the Canadian dollar to strengthen or weaken rapidly. That’s why forecasts should be viewed as directional insights rather than fixed outcomes—they are based on current conditions but remain susceptible to sudden market volatility.