[Pacific Exchange Rate Service Logo] [Custom Chart]
-
-
Canadian Dollar Forward Rates
-
-
The chart on the right shows the U.S. Dollar Forward Premium (+) or Forward Discount relative to the Canadian Dollar. The bid-ask midpoint rates shown apply to large-volume transactions in the interbank market around noon time (Eastern) on Friday, September 22, 2017. The precise forward rates, in U.S. Dollars per 1 Canadian Dollar, appear in the table on the left. Also reported are the implied forward premium or discount, and the implied foreign interest rate differential at an annualized rate FIRD=100[(f/s)(1/d)-1], where f and s are the forward and spot rate, and d is the forward time in years. If the Canadian Dollar is trading at a USD forward premium, the Canadian Dollar is expected to appreciate. The reverse is true for a forward discount. However, forward rates are poor predictors of the corresponding future spot rates.
-
-
|   | Rate | Premium | FIRD |
-
|  Spot  |  0.8131  |   |   |
-
|  1 month  |  0.8130  |  -1  |  -0.10%  |
-
|  3 months  |  0.8132  |  +1  |  0.07%  |
-
|  6 months  |  0.8133  |  +2  |  0.05%  |
-
|  1 year  |  0.8129  |  -1  |  -0.02%  |
-
|  2 years  |  0.8119  |  -12  |  -0.07%  |
-
|  3 years  |  0.8104  |  -26  |  -0.11%  |
-
|  4 years  |  0.8093  |  -38  |  -0.12%  |
-
|  5 years  |  0.8069  |  -62  |  -0.15%  |
-
The exchange rates are in U.S. Dollars per 1 Canadian Dollar. The forward premia (+) or discounts (-1) are expressed in basis points (100-th of a US cent). The FIRD is expressed in percents per annum.
  [USD/CAD Forward Premium or Discount]
-
-
-
  © 2017 by Werner Antweiler, University of British Columbia. All rights reserved.
The Pacific Exchange Rate Service is located in Vancouver, Canada.
Pacific Home Page | About this service | Contact Pacific
[Canadian Flag]