Canadian Dollar Monthly Exchange Rates Forecast - May 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 / CAD | 1.38 | -0.30% | -2.95% | 1.02% |
| EUR / CAD | 1.56 | -1.05% | 1.05% | 6.46% |
| GBP / CAD | 1.84 | -0.64% | -0.78% | 7.19% |
| CAD / JPY | 103.68 | 1.55% | -0.26% | -6.91% |
| CAD / CHF | 0.60 | 0.37% | -3.21% | -9.97% |
| CAD / CNY | 5.27 | 0.04% | 3.10% | -0.57% |
| CAD / INR | 61.29 | -0.40% | 2.20% | 0.56% |
| AUD / CAD | 0.88 | -0.62% | -1.53% | -1.69% |
| NZD / CAD | 0.82 | -1.46% | 0.09% | 0.44% |
| CAD / MXN | 14.22 | 0.63% | 0.28% | 14.69% |
Canadian Dollar Monthly Forecast
| Currency Pair | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|
| USD / CAD | 1.40 | 1.38 | 1.38 | 1.36 |
| EUR / CAD | 1.60 | 1.60 | 1.60 | 1.60 |
| GBP / CAD | 1.90 | 1.91 | 1.91 | 1.89 |
| CAD / JPY | 102.86 | 102.90 | 101.45 | 101.47 |
| CAD / CHF | 0.60 | 0.59 | 0.59 | 0.59 |
| CAD / CNY | 5.21 | 5.25 | 5.22 | 5.26 |
| CAD / INR | 63.57 | 64.49 | 64.13 | 64.71 |
| AUD / CAD | 0.90 | 0.91 | 0.94 | 0.95 |
| NZD / CAD | 0.84 | 0.84 | 0.86 | 0.87 |
| CAD / MXN | 14.50 | 14.64 | 14.49 | 14.71 |
Key Economic Events This Month
| Currency | Date | Event |
|---|---|---|
| USD | May 2, 2025 | Nonfarm Payrolls |
| USD | May 2, 2025 | Unemployment Rate |
| CAD | May 6, 2025 | Trade Balance |
| CAD | May 6, 2025 | Imports + Exports |
| CAD | May 9, 2025 | Unemployment Rate |
| CAD | May 9, 2025 | Employment Change |
| USD | May 13, 2025 | Inflation Rate |
| USD | May 15, 2025 | Retail Sales |
| CAD | May 19, 2025 | Victoria Day |
| CAD | May 20, 2025 | Inflation Rate |
| USD | May 26, 2025 | Memorial Day |
Upcoming Central Bank Meetings
| Country | Date | Event |
|---|---|---|
| United States | May 7, 2025 | Federal Reserve Interest Rate Decision |
| England | May 8, 2025 | Bank of England Interest Rate Decision |
| Canada | Jun 4, 2025 | Bank of Canada Interest Rate Decision |
| Europe | Jun 5, 2025 | European Central Bank Interest Rate Decision |
| Japan | Jun 16, 2025 | Bank of Japan Interest Rate Decision |
Currency market updates
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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.
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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