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This is because stocks tend to move up in risk-friendly environments that also move up the Canadian dollar’s value. The USD to CAD exchange rate is sometimes correlated with movements in stock prices.

It tends to do better when risk recedes, and global sentiment improves. Canada’s currency is known as a “risk currency”. As such, when risk averseness increases, the US dollar goes up and vice versa. That means that when global economic sentiment deteriorates or the perceived risks to the global economy go up, investors tend to prefer the US dollar. Perceptions of overall risk can impact the USD to CAD exchange rate. While other commodities matter to the Canadian dollar, none of them matter as much as the price of oil. So, the exchange rate is often very sensitive to changes in the price of oil, with the value of the Canadian dollar going up as oil prices go up and vice versa. Since Canada is a huge net exporter of oil, an increase in the price of oil will drive up the demand for the Canadian dollar for those who want to buy our oil (most of which goes to the US). The price of commodities, especially oil, matters a lot to the Canadian dollar. For example, if the Bank of Canada makes an announcement that hints at raising rates, the Canadian dollar will generally move up. Nonetheless, the first principle is that investors prefer higher rates to lower rates when it comes to choosing currencies. The determination is further complicated by the fact that investors adjust for inflation expectations when comparing interest rates. Of course, interest rates are not static and investors take into account not just the current rates of interest but also expected future rates of interest, as reflected in the yield curves of the two countries. As such, all else equal, the currency offering the higher interest rate is preferred and the relative difference in interest rates is watched closely. Investors prefer to hold assets in the currency with the highest return. The level of current and future expected interest rates in Canada and the US are important to the exchange rate. USD to CAD forecasts generally attempt to determine the future of the exchange rate based on the factors that are known to affect the USD to CAD exchange rates. Before you go to any currency exchange, you should check general conversion rate with currency converter.The exchange rate is watched closely by policy makers and businesses and analyzed by hundreds of analysts around the world. Also, online, via money transfer services and at least banks, with very high commissions.

Actually, in Canada and in the United States it is possible to exchange money at any currency exchange in the city and malls. But if you want just to convert your CAD to US dollars, then you have to compare and to know where is the best cad to usd exchange rate. Also, if you need to transfer Canadian dollars or US dollars to any country or from Canada to US, you're able to transfer money via xoom, Paypal, Moneygram, Transferwise, Western Union etc.

First, check currency converter for general conversion rate, then you can look for currency exchanges or exchange money somewhere online. If you travel to United States, you can easily convert Canadian dollars to US dollars at most places. Real estate prices and economics in Canada seriously impacts and strength of Canadian dollar against US dollar. Canada has their own specifics in the country with most dangerous real estate situation, which every time on economics cycles the prices in Toronto is too high than it should be. 1 USD value is mostly more than 1 CAD, and just few times through crisis period in 20-2012 the currency of USD was equal or less than 1 CAD. CAD to USD currency pair is stable and doesn't show huge changes, when most of the time US dollar is stronger than CAD. Convert cad to us dollar with flexible currency converter, also check cad to us dollar exchange rate which is changing every second and might be impacted of many different reasons of those two neighbors - Canada and United States.