[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, August 18, 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  |  0.7929  |   |   |
-
|  1 month  |  0.7933  |  +4  |  0.57%  |
-
|  3 months  |  0.7938  |  +9  |  0.45%  |
-
|  6 months  |  0.7943  |  +14  |  0.37%  |
-
|  1 year  |  0.7952  |  +23  |  0.29%  |
-
|  2 years  |  0.7966  |  +37  |  0.23%  |
-
|  3 years  |  0.7964  |  +35  |  0.15%  |
-
|  4 years  |  0.7968  |  +39  |  0.12%  |
-
|  5 years  |  0.7967  |  +38  |  0.10%  |
-
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]