US Dollar / Canadian Dollar USDCAD
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About US Dollar / Canadian Dollar
USDCAD is the US Dollar / Canadian Dollar currency pair. The first currency, USD, is the base currency, while CAD is the quote currency. The rate states how much CAD exchanges for one unit of USD. A rising rate means the base currency has become more expensive relative to the second currency; a falling rate describes the reverse movement.
The USDCAD rate reflects a relationship between two currencies, so economic developments and monetary policy on both sides can influence its movement. Its percentage change describes this pair alone, rather than the performance of either currency against every other currency.
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