USDCAD Price | SimpleFX: Free Trading & Investing App ```json { "@context": "https://schema.org", "@type": "FinancialProduct", "name": "USD/CAD", "description": "Trade USD/CAD with SimpleFX. Real-time forex trading with competitive spreads, and professional trading platform.", "identifier": "USDCAD", "category": "Forex", "provider": { "@type": "FinancialService", "name": "SimpleFX", "url": "https://basitfx.com", "description": "Online Trading Platform", "areaServed": "Worldwide" }, "mainEntityOfPage": { "@type": "WebPage", "@id": "https://basitfx.com/instruments/usdcad" }, "url": "https://basitfx.com/instruments/usdcad", "sameAs": [ "http://www.bankofcanada.ca/" ], "offers": { "@type": "Offer", "price": 1.36941, "priceCurrency": "CAD", "availability": "https://schema.org/InStock", "seller": { "@type": "FinancialService", "name": "SimpleFX" } }, "additionalProperty": [ { "@type": "PropertyValue", "name": "Spread", "value": "0.00011 pips" }, { "@type": "PropertyValue", "name": "Contract Size", "value": 100000 }, { "@type": "PropertyValue", "name": "Margin Currency", "value": "CAD" } ] } ``` ```json { "@context": "https://schema.org", "@type": "InvestmentOrDeposit", "name": "USDCAD Trading", "description": "Learn how to trade USDCAD with SimpleFX's professional trading platform.", "category": "Trading Strategy", "provider": { "@type": "FinancialService", "name": "SimpleFX" }, "mainEntityOfPage": { "@type": "WebPage", "@id": "https://basitfx.com/instruments/usdcad" } } ``` ```json { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://basitfx.com" }, { "@type": "ListItem", "position": 2, "name": "Instruments", "item": "https://basitfx.com/instruments" }, { "@type": "ListItem", "position": 3, "name": "Forex", "item": "https://basitfx.com/instruments/?category=forex" }, { "@type": "ListItem", "position": 4, "name": "USDCAD" } ] } ``` ```json { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "What is USD/CAD (USDCAD) and how can I trade it?", "acceptedAnswer": { "@type": "Answer", "text": "USD/CAD (USDCAD) is a forex CFD available on SimpleFX. You can trade it by creating a free account, depositing funds, and opening a position directly from the trading platform. No minimum deposit is required." } }, { "@type": "Question", "name": "What is the spread on USDCAD?", "acceptedAnswer": { "@type": "Answer", "text": "The target spread on USDCAD at SimpleFX is 0.00011 pips. SimpleFX uses a spreads-only pricing model with no additional commissions." } }, { "@type": "Question", "name": "What leverage is available for USDCAD?", "acceptedAnswer": { "@type": "Answer", "text": "USDCAD can be traded with up to 1:1000 leverage on SimpleFX, which corresponds to a margin requirement of 0.10%. Leverage amplifies both potential gains and losses." } }, { "@type": "Question", "name": "What currency is USDCAD margined in?", "acceptedAnswer": { "@type": "Answer", "text": "USDCAD positions on SimpleFX are margined in CAD. Your account balance in CAD is used to cover the margin requirement for this instrument." } }, { "@type": "Question", "name": "What is the contract size for USDCAD?", "acceptedAnswer": { "@type": "Answer", "text": "The standard contract size for USDCAD on SimpleFX is 100000. Position sizes are calculated based on this contract unit." } } ] } ``` 78% of retail investor accounts experience cash losses as a result of trading CFDs with this CFD provider. CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 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English AR - العربية ES - Español FR - Français HI - Hindi ID - Bahasa Indonesia KO - Korean MY - Malay PT-BR - Português RU - Русский TH - ภาษาไทย TR - Türkçe VI - Tiếng Việt ZH - 中文 * [](/ "Home") * [Instruments search](/instruments) * [Forex instruments](/instruments/?category=forex) * USDCAD [USDCAD exchange rate](https://app.basitfx.com/instruments/USDCAD) ================================================================== USD/CAD ------- 1.36931 CAD +0 (+0.02%) 1H 4H 1D 1W 1MN USDCAD Key Statistics --------------------- Open price 1.36973 High today 1.37103 Low today 1.36837 52 Week high 1.41399 52 Week low 1.34811 ##### Trading hours \-12:00 \-11:00 \-10:00 \-09:00 \-08:00 \-07:00 \-06:00 \-05:00 \-04:00 \-03:00 \-02:00 \-01:00 UTC 00:00 +01:00 +02:00 +03:00 +03:30 +04:00 +04:30 +05:00 +05:30 +05:45 +06:00 +07:00 +08:00 +09:00 +09:30 +10:00 +11:00 +12:00 +12:45 +13:00 +14:00 UTC 00:00 Sunday \- Monday \- Tuesday \- Wednesday \- Thursday \- Friday \- Saturday \- ##### Symbol trading specification Description USDCAD Exchange OTC Base Currency USD Quote Currency CAD Contract size 100000 Margin 0.10%\* \* for 1:1000 account leverage Tick size 0.00001 Target Spread 0.00011 Stop levels 0 Swap - Buy \-0.0004% Swap - Sell \-0.0063% Minimum contract size 0.01 Maximum contract size 100 Type Forex [Trade USD/CAD](https://app.basitfx.com/instruments/USDCAD/chart) ### About USDCAD **One of the favorite financial forex indexes to mention is the one comparing the US Dollar to the Canadian Dollar. The index is called USDCAD and is traded daily when the stock market opens. It is free for investors who have private funds as well as for public retirement and investment funds.** #### What is USDCAD? Even though the American and Canadian economies are interconnected, there is not so much dependency on the United States as it used to be. The Canadian Dollar free floats and goes up or down according to the market power. USDCAD is one of the most stable forex indexes historically. That happens because it has a yield over the interest rates offered by the central banks in both countries. Every trader who wants to understand [how to invest in USDCAD](/how-to-invest-in/USDCAD) must remember that it may result in losses and be prepared to lose money. #### How does the USDCAD market work? The USDCAD market works in an automated environment. All the call or put options come automatically in the index through the SimpleFX platform. Investors must pay attention to the index to ensure placing the right order at the right time. The index has new indications and values every 15 seconds during business hours and weekends. Some investors try to gain access to the index when the markets are closed to perform short selling, which is quite a popular strategy. For all willing to learn [how to trade USDCAD](/how-to-trade/USDCAD) without risk, SimpleFX offers a demo account where traders can take their first steps into the forex market. #### USDCAD price history Here is the latest 5-year history for the USDCAD index: **2018** In 2018, the USDCAD index was close to the current price of 1.36 CAD for 1 USD. It remains impressive that the price didn't fluctuate throughout the year, showing similar fiscal policies from the two governments. **2019** There was no further development in 2019 for the USDCAD index. The price was relatively stable at 1.37 CAD for 1 USD. Long-term investors used to have more patience during 2019 and opened long positions to the index with the hope of having more profits in the short future. **2020** When 2020 arrived, there was a halt in economic production both in the United States and Canada. However, because of the advantageous position of Canada in the net exporting energy sector, the USDCAD index plummeted close to 1.30 CAD for 1 USD. That was the lowest we have seen for ages, and it sent a clear message to investors to buy the Canadian Dollar as a profitable investment for the future. **2021** During 2021, there were several great opportunities for the American economy. However, due to the hyperinflation in the American market, the USDCAD went a little while close to 1.20 CAD for 1 USD, placing 1.34 CAD to 1 USD by the end of the year. **2022** Last year was a real mess for the Canadian economy, which was flooded with issues from the financial sector. The local inflation worked in favor of the USD, and that's why the USDCAD index went up to 1.37 CAD for 1 USD, bringing back the balance to the two countries' trading relations. #### Current USD / CAD exchange rate The current **USD / CAD exchange rate** is subject to fluctuation due to the volatility of the forex market. Investors can check it on the chart or the SimpleFX Webtrader platform. #### Is USDCAD a good investment? Whether USDCAD is a good investment depends on factors such as interest rates, monetary policies, geopolitical events, etc. The answer depends on analyzing these factors and the potential returns on investment. If the factors are also stable and there are more chances of return, this currency pair brings more interest from investors eager to learn [how to invest in forex](/how-to-invest-in/forex) worldwide. [Read more Close](#) Similar instruments [AUD/CAD AUDCAD 0.99292  +0.00 (+0.15%)](/instruments/AUDCAD)  [AUD/USD AUDUSD 0.72513  +0.00 (+0.15%)](/instruments/AUDUSD)  [CAD/CHF CADCHF 0.57058  +0.00 (+0.15%)](/instruments/CADCHF)  [CAD/JPY CADJPY 115.206  +0.10 (+0.09%)](/instruments/CADJPY)  [EUR/CAD EURCAD 1.6043  \-0.00 (-0.23%)](/instruments/EURCAD)  [EUR/USD EURUSD 1.17164  \-0.00 (-0.25%)](/instruments/EURUSD)  [GBP/CAD GBPCAD 1.84922  \-0.00 (-0.27%)](/instruments/GBPCAD)  [GBP/USD GBPUSD 1.35049  \-0.00 (-0.25%)](/instruments/GBPUSD)  [NZD/CAD NZDCAD 0.81185  \-0.00 (-0.37%)](/instruments/NZDCAD)   ##### Trade USD/CAD the Simplest way. [Trade USDCAD](https://app.basitfx.com/instruments/USDCAD/chart) Don't have an account yet? [Open it!](https://app.basitfx.com/signup) Simple account opening. Simple way to start investing. 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