Major pair · “Loonie”
USD/CAD: volatility, trading hours and correlation
🇺🇸 US dollar against the 🇨🇦 Canadian dollar. USD/CAD has averaged 49 pips a day over the last 90 days, with recent volatility close to its one-year norm. It tends to move most between 13:00 and 16:00 UTC.
- Last close
- 1.42109 6 October 2026
- Avg daily range
- 49 pips 90 days · 0.34% of price
- 1-year change
- +1.90% USD stronger vs CAD
- 52-week range
- 1.34840 – 1.42852 Low to high
USD/CAD over the last 12 months
Daily closes
When USD/CAD moves most
Average high-to-low range for each hour of the day over the last year, in pips (UTC). The busiest three-hour window is highlighted.
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Average range by weekday
Pips, last 12 months. Friday is typically busiest and Wednesday quietest.
Calendar-year performance
% change in USD/CAD each year, latest year to date
USD/CAD seasonality
Average % change by calendar month across the last 9 years. September has been the strongest month on average and December the weakest. Seasonality is a tendency, not a forecast.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg change | -0.58% | +0.68% | +0.66% | -0.12% | -0.47% | -0.55% | -0.42% | +0.07% | +0.88% | +0.64% | +0.24% | -0.65% |
| Years up | 56% | 67% | 44% | 44% | 33% | 44% | 44% | 44% | 67% | 67% | 67% | 33% |
USD/CAD correlation
Correlation of daily returns with other pairs. +1 means they move together, −1 means they move in opposite directions. How to use correlation.
Biggest daily moves in the last year
The five widest high-to-low days for USD/CAD.
| Date | Range | Open to close | × normal day |
|---|---|---|---|
| 27 January 2026 | 147 pips | -0.01% | 2.9× |
| 13 March 2026 | 117 pips | +0.02% | 2.3× |
| 11 February 2026 | 114 pips | -0.01% | 2.2× |
| 28 November 2025 | 112 pips | 0.00% | 2.2× |
| 13 July 2026 | 106 pips | 0.00% | 2.1× |
USD/CAD pip value
Value of a one-pip move (0.0001) at the latest price.
| Account currency | Standard lot (1.00) | Mini lot (0.10) | Micro lot (0.01) |
|---|---|---|---|
| 🇺🇸 USD | 7.04 USD | 0.70 USD | 0.070 USD |
| 🇪🇺 EUR | 6.25 EUR | 0.62 EUR | 0.062 EUR |
| 🇬🇧 GBP | 5.30 GBP | 0.53 GBP | 0.053 GBP |
| 🇨🇦 CAD | 10.00 CAD | 1.00 CAD | 0.100 CAD |
About USD/CAD
USD/CAD shows how many Canadian dollars (CAD) it takes to buy one US dollar (USD). When the price rises, the US dollar is strengthening against the Canadian dollar. Traders often call it “Loonie”.
USD is issued by the Federal Reserve. It tends to respond to Federal Reserve rate expectations, US jobs and inflation data, and global risk appetite, since the dollar is the world’s main reserve and funding currency.
CAD is issued by the Bank of Canada. It tends to respond to Bank of Canada policy, crude oil prices and the health of the US economy, Canada’s largest trading partner.
With an average range of about 49 pips a day, a stop loss of 15–29 pips is roughly a third to two-thirds of a normal day for USD/CAD. Always size your position from the stop distance with the lot size calculator.
USD/CAD FAQ
What is the average daily range of USD/CAD?
Over the last 90 days USD/CAD moved an average of 49 pips from high to low each day, about 0.34% of its price. Over the past year the average was 51 pips, and over the last 20 trading days it was 47 pips.
What is the best time to trade USD/CAD?
In the past year USD/CAD was most active between 13:00 and 16:00 UTC, and the New York session produced the largest average range (50 pips). The quietest hour was 22:00 UTC. Friday was its busiest weekday on average.
What is USD/CAD most correlated with?
Based on daily returns over the last year, USD/CAD moved most closely with USD/CHF (correlation 0.63) and most inversely with NZD/USD (-0.63).
How much is one pip worth on USD/CAD?
One pip on USD/CAD is 0.0001 of the price. For one standard lot (100,000 USD) that is 10 CAD, or about $7.04 at the latest price. A mini lot is a tenth of that and a micro lot a hundredth.
Statistics are calculated by ForexSignals.io from daily and hourly price history up to 6 October 2026. Hourly figures cover the last 12 months, seasonality the last 9 full years. Data may contain errors and is not a trading recommendation.
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