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    Trade US Dollar / Canadian dollar CFD

    1.38321
    0.06%
    0.00070
    Low: 1.38085
    High: 1.38441
    Market Trading Hours* (UTC) Opens on Monday at 00:00

    Mon - Thu: 00:00 - 20:59 21:05 - 00:00

    Fri: 00:00 - 20:59

    Sun: 21:00 - 00:00

    • Summary
    • Historical Data
    Trading сonditions
    Spread 0.00070
    Long position overnight fee

    Long position overnight funding adjustment

    Margin. Your investment $1,000.00
    Overnight funding adjustment -0.001431 %
    Charges from full value of position ($-7.16)
    Trade size with leverage ~ $500,000.00
    Money from leverage ~ $499,000.00
    Go to platform
    		-0.001431%
    Short position overnight fee

    Short position overnight funding adjustment

    Margin. Your investment $1,000.00
    Overnight funding adjustment -0.00679 %
    Charges from full value of position ($-33.95)
    Trade size with leverage ~ $500,000.00
    Money from leverage ~ $499,000.00
    Go to platform
    		-0.00679%
    Overnight fee time 21:00 (UTC)
    Min traded quantity 500
    Currency CAD
    Margin 0.20%
    Commission on trade 0%

    • Last Week
    • Last Month
    • Last Year
    • Last two Years
    • Max
    • Daily
    • Weekly
    • Monthly
    Date Close Change Change (%) Open High Low
    Jul 26, 2024 1.38138 -0.00049 -0.04% 1.38187 1.38204 1.38095
    Jul 25, 2024 1.38185 0.00076 0.06% 1.38109 1.38481 1.37958
    Jul 24, 2024 1.38108 0.00253 0.18% 1.37855 1.38155 1.37749
    Jul 23, 2024 1.37854 0.00249 0.18% 1.37605 1.37865 1.37519
    Jul 22, 2024 1.37606 0.00532 0.39% 1.37074 1.37739 1.37069
    Jul 21, 2024 1.37073 -0.00077 -0.06% 1.37150 1.37240 1.37045
    Jul 19, 2024 1.37266 0.00236 0.17% 1.37030 1.37470 1.37016
    Jul 18, 2024 1.37031 0.00248 0.18% 1.36783 1.37176 1.36696
    Jul 17, 2024 1.36784 0.00084 0.06% 1.36700 1.37008 1.36560
    Jul 16, 2024 1.36698 -0.00071 -0.05% 1.36769 1.37071 1.36629
    Jul 15, 2024 1.36770 0.00303 0.22% 1.36467 1.36881 1.36304
    Jul 14, 2024 1.36468 0.00053 0.04% 1.36415 1.36522 1.36212
    Jul 12, 2024 1.36325 0.00087 0.06% 1.36238 1.36386 1.36104
    Jul 11, 2024 1.36237 0.00058 0.04% 1.36179 1.36472 1.35880
    Jul 10, 2024 1.36178 -0.00137 -0.10% 1.36315 1.36420 1.36072
    Jul 9, 2024 1.36316 0.00024 0.02% 1.36292 1.36474 1.36254
    Jul 8, 2024 1.36293 -0.00108 -0.08% 1.36401 1.36466 1.36234
    Jul 7, 2024 1.36399 -0.00023 -0.02% 1.36422 1.36455 1.36386
    Jul 5, 2024 1.36400 0.00256 0.19% 1.36144 1.36524 1.36017
    Jul 4, 2024 1.36145 -0.00185 -0.14% 1.36330 1.36382 1.36075

    Trading calculator

    Calculate your hypothetical P&L if you had opened a CFD trade on a certain date (select a date) and closed on a different date (select a date).

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    Past performance is not a reliable indicator of future results For the avoidance of doubt, this calculation does not include the costs of holding a position overnight (for which there will be additional charges)
    Profit/Loss

    For the avoidance of doubt, this calculation does not include the costs of holding a position overnight (for which there will be additional charges)

    USD/CAD

    The USD/CAD currency pair is composed of the United States dollar as the base currency and the Canadian dollar as the counter currency. The USD/CAD chart represents the relationship between the American and Canadian dollars, essentially how many Canadian dollars can be traded for one American dollar. The latter has given the USD/CAD currency pair a nickname ‘loonie’, because of the loon bird, featured on Canada’s one-dollar coin. The USD/CAD boasts a remarkable trading volume as one of the world’s commodity currency pairs.
     

    A brief history of the US dollar

    One of the world’s most influential currencies, the US dollar dates its history back to Joachimstal, now modern-day Germany. In the town, silver ‘thalers’ were minted, each with a standardised weight – 29.2 g. These coins were widely used across the European continent and eventually found its way to the New World – America.
     
    Following the American Revolution, in 1972 the newly formed US Congress instated the ‘thaler’ as the official currency, although at a slightly lighter weight – 27.0 g. This was done as a method of standardisation, following the corrupt ‘continental bill’ system.
     
    Although still closely tied to the price of silver and gold, the US dollar has developed as a currency spawning a multitude of coins and notes. Today, the currency is controlled by the Federal Reserve, the central bank of the United States, established in 1913.
     
    The USD is the world’s foremost reserve currency, held by numerous countries as part of their foreign exchange reserves. It also makes up six out of eight of the world’s Forex pairs. The US dollar is denoted by the symbol $.
     

    The story behind CAD

    The Canadian dollar is the official currency of Canada and unofficial currency to Saint Pierre and Miquelon. Issued by the Bank of Canada, it is the world’s 7th most traded currency. Also known by the nickname ‘loonie’, the currency uses the symbol $, Can$ or C$.
     
    Moving from the use of beaver pelts as a form of currency in the 1600s, Canada’s currency has gone through a number of changes. By the 18th century a variety of coins were in circulation on the territory, all without a standardisation process.
     
    Like the USD, Canada has a history of using the Spanish dollar or ‘thaler’ as far back as the early 1800s. Various coinages were used provincially, such as the British Columbian dollar, the Nova Scotian dollar etc. In 1867, several states merged their currencies, creating the Dominion of Canada and the Canadian dollar.
     
     

    What factors affect the USD/CAD pair?

    The USD/CAD shows a negative correlation to various US dollar containing currencies, such as the GBP/USD, AUD/USD and NZD/USD, due to the dollar’s role as a counter currency, rather than a base currency.
     
    The USD/CAD rate is also affected by key financial players, such as the Federal Reserve (US) and the Bank of Canada. Releases and announcements from these institutions – monetary policy, interest rate changes and other key news items – influence the currency pair’s volatility.
     
    Canada’s economy is heavily correlated to oil prices, due to its status as the largest oil-producer to the US market and a major player as one of the world’s top oil exporters.
     

    Where can the USD/CAD pair be traded?

    Explore trading on one of the world’s major currency pairs and find the latest USD/CAD share price at Capital.com. Get the most up-to-date rates with the USD/CAD charts and trade smart on the ‘loonie’ currency pair.

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    Why is US Dollar / Canadian dollar important to traders?

    Trade USD/CAD CFDs, other major currency pairs, indices, shares and commodities through Capital.com’s award-winning platform. Up to 1:30 leverage. Available on web and mobile. Trade now.

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