Canadian Dollar Monthly Exchange Rates Forecast - November 2024
FX monthly forecasts and economic analysis for Canada, the US and key international economies.
CAD Crosses Exchange Rate Analysis
| Currency Pair | Oct 31, 2024 | Weekly Change | Monthly Change | Yearly Change |
|---|---|---|---|---|
| USD / CAD | 1.39 | 0.42% | 2.94% | 2.13% |
| EUR / CAD | 1.52 | 0.79% | 1.08% | 3.12% |
| GBP / CAD | 1.80 | 0.17% | 1.37% | 6.67% |
| CAD / JPY | 109.08 | 0.00% | 1.15% | 0.25% |
| CAD / CHF | 0.62 | -0.06% | -0.92% | -5.27% |
| CAD / CNY | 5.11 | -0.43% | -1.43% | -4.52% |
| CAD / INR | 60.34 | -0.47% | -2.76% | -1.01% |
| AUD / CAD | 0.92 | -0.24% | -1.31% | 2.87% |
| NZD / CAD | 0.83 | 0.18% | -1.21% | 1.55% |
| CAD / MXN | 14.38 | 1.13% | 1.88% | 13.69% |
Canadian Dollar Monthly Currency Forecast
| Currency Pair | Nov 2024 | Dec 2024 | Jan 2025 | Feb 2025 |
|---|---|---|---|---|
| USD / CAD | 1.39 | 1.38 | 1.38 | 1.35 |
| EUR / CAD | 1.52 | 1.50 | 1.50 | 1.50 |
| GBP / CAD | 1.80 | 1.80 | 1.78 | 1.82 |
| CAD / JPY | 109.00 | 108.00 | 105.00 | 105.00 |
| CAD / CHF | 0.62 | 0.65 | 0.65 | 0.65 |
| CAD / CNY | 5.11 | 5.20 | 5.40 | 5.42 |
| CAD / INR | 60.50 | 61.00 | 61.50 | 61.00 |
| AUD / CAD | 0.92 | 0.92 | 0.93 | 0.93 |
| NZD / CAD | 0.80 | 0.81 | 0.82 | 0.83 |
| CAD / MXN | 14.00 | 13.98 | 13.99 | 13.96 |
Key Economic Events This Month
| Currency | Date | Event |
|---|---|---|
| USD | Nov 5, 2024 | US Presidential Election |
| CAD | Nov 5, 2024 | Trade Balance |
| CAD | Nov 8, 2024 | Unemployment Rate |
| USD | Nov 13, 2024 | Inflation Rate |
| USD | Nov 15, 2024 | Retail Sales |
| CAD | Nov 19, 2024 | Inflation Rate |
| CAD | Nov 22, 2024 | Retail Sales |
| USD | Nov 27, 2024 | Core PCE Price Index |
| USD | Nov 27, 2024 | GDP Growth Rate |
| CAD | Nov 29, 2024 | GDP Growth Rate |
Upcoming Central Bank Meetings
| Country | Date | Event |
|---|---|---|
| England | Nov 7, 2024 | Bank of England Interest Rate Decision |
| United States | Nov 7, 2024 | Federal Reserve Interest Rate Decision |
| Canada | Dec 11, 2024 | Bank of Canada Interest Rate Decision |
| Europe | Dec 12, 2024 | European Central Bank Interest Rate Decision |
| Japan | Dec 18, 2024 | Bank of Japan Interest Rate Decision |
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