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Canadian Dollar Monthly Exchange Rates Forecast - December 2024
FX monthly forecasts and economic analysis for Canada, the US and key international economies.
CAD Crosses Exchange Rate Analysis
| Currency Pair | Nov 30, 2024 | Weekly Change | Monthly Change | Yearly Change |
|---|---|---|---|---|
| USD / CAD | 1.40 | 0.31% | 0.57% | 3.95% |
| EUR / CAD | 1.48 | 0.49% | -2.40% | 0.41% |
| GBP / CAD | 1.79 | 1.29% | -1.27% | 3.79% |
| CAD / JPY | 106.86 | -2.98% | -2.44% | -1.66% |
| CAD / CHF | 0.63 | -0.47% | 1.12% | -2.10% |
| CAD / CNY | 5.17 | 0.11% | 1.53% | -2.03% |
| CAD / INR | 60.34 | 0.26% | 0.24% | -2.09% |
| AUD / CAD | 0.91 | 0.27% | -0.34% | 1.22% |
| NZD / CAD | 0.83 | 1.33% | -0.41% | -1.15% |
| CAD / MXN | 14.54 | 0.61% | 0.44% | 14.68% |
Canadian Dollar Monthly Currency Forecast
| Currency Pair | Dec 2024 | Jan 2025 | Feb 2025 | Mar 2025 |
|---|---|---|---|---|
| USD / CAD | 1.40 | 1.42 | 1.43 | 1.40 |
| EUR / CAD | 1.50 | 1.50 | 1.48 | 1.48 |
| GBP / CAD | 1.80 | 1.80 | 1.78 | 1.78 |
| CAD / JPY | 103.00 | 103.00 | 100.00 | 98.00 |
| CAD / CHF | 0.62 | 0.60 | 0.62 | 0.62 |
| CAD / CNY | 5.00 | 5.00 | 5.10 | 5.10 |
| CAD / INR | 60.00 | 60.00 | 60.50 | 60.50 |
| AUD / CAD | 0.91 | 0.91 | 0.91 | 0.91 |
| NZD / CAD | 0.83 | 0.83 | 0.83 | 0.83 |
| CAD / MXN | 14.71 | 14.96 | 14.71 | 14.71 |
Key Economic Events This Month
| Currency | Date | Event |
|---|---|---|
| USD | Dec 5, 2024 | Trade Balance |
| CAD | Dec 5, 2024 | Trade Balance |
| USD | Dec 6, 2024 | Unemployment Rate |
| CAD | Dec 6, 2024 | Unemployment Rate |
| USD | Dec 11, 2024 | Inflation Rate |
| USD | Dec 17, 2024 | Retail Sales |
| CAD | Dec 17, 2024 | Inflation Rate |
| USD | Dec 19, 2024 | GDP Growth Rate |
| CAD | Dec 20, 2024 | Retail Sales |
| CAD | Dec 25, 2024 | Christmas Day |
| CAD | Dec 26, 2024 | Boxing Day |
Upcoming Central Bank Meetings
| Country | Date | Event |
|---|---|---|
| Canada | Dec 11, 2024 | Bank of Canada Interest Rate Decision |
| Europe | Dec 12, 2024 | European Central Bank Interest Rate Decision |
| United States | Dec 18, 2024 | Federal Reserve Interest Rate Decision |
| Japan | Dec 18, 2024 | Bank of Japan Interest Rate Decision |
| England | Dec 19, 2024 | Bank of England Interest Rate Decision |
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