Canadian Dollar Monthly Exchange Rates Forecast - May 2025

Last Updated: May 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
Apr 30,
2025
Weekly
Change
Monthly
Change
Yearly
Change
USD / CAD1.38-0.30%-2.95% 1.02%
EUR / CAD1.56-1.05%1.05% 6.46%
GBP / CAD1.84-0.64%-0.78% 7.19%
CAD / JPY103.681.55%-0.26% -6.91%
CAD / CHF0.600.37%-3.21% -9.97%
CAD / CNY5.270.04%3.10% -0.57%
CAD / INR61.29-0.40%2.20% 0.56%
AUD / CAD0.88-0.62%-1.53% -1.69%
NZD / CAD0.82-1.46%0.09% 0.44%
CAD / MXN14.220.63%0.28% 14.69%

Canadian Dollar Monthly Forecast

Currency PairJun 2025Sep 2025Dec 2025Mar 2026
USD / CAD1.401.381.38 1.36
EUR / CAD1.601.601.60 1.60
GBP / CAD1.901.911.91 1.89
CAD / JPY102.86102.90101.45 101.47
CAD / CHF0.600.590.59 0.59
CAD / CNY5.215.255.22 5.26
CAD / INR63.5764.4964.13 64.71
AUD / CAD0.900.910.94 0.95
NZD / CAD0.840.840.86 0.87
CAD / MXN14.5014.6414.49 14.71

Key Economic Events This Month

CurrencyDateEvent
USDMay 2, 2025

Nonfarm Payrolls

USDMay 2, 2025

Unemployment Rate

CADMay 6, 2025

Trade Balance

CADMay 6, 2025

Imports + Exports

CADMay 9, 2025

Unemployment Rate

CADMay 9, 2025

Employment Change

USDMay 13, 2025

Inflation Rate

USDMay 15, 2025

Retail Sales

CADMay 19, 2025

Victoria Day

CADMay 20, 2025

Inflation Rate

USDMay 26, 2025

Memorial Day

Upcoming Central Bank Meetings

CountryDateEvent
United StatesMay 7, 2025

Federal Reserve Interest Rate Decision

EnglandMay 8, 2025

Bank of England Interest Rate Decision

CanadaJun 4, 2025

Bank of Canada Interest Rate Decision

EuropeJun 5, 2025

European Central Bank Interest Rate Decision

JapanJun 16, 2025

Bank of Japan Interest Rate Decision

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How to read CAD forecast?

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.

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.

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