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As far as I can find, here is a little history of the US/ Canadian exchange rate. In 1949, the US sterling silver dollar was devalued and Canada followed, returning to a peg of 1.1 Canadian dollars = 1 U.S. dollar. However, Canada allowed its dollar to float in 1950, only returning to a fixed exchange rate in 1962. The exchange rate started low from 1950 through 1952. Then from 1961 thuough 1971, 1974 through some of 1975 and 1976 through the mid 2007.
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Steve
TaigaJanuary 24th, 2013
The Canadian dollar is currently on-par with the American currency, both having an equal value of $1.00.
The Canadian dollar has been fluctuating in value ever since the late 1970's, leaving the dollar at a then average of $0.80 cents. The value began to fall again a few years later, and by 1989 the value of the dollar was at an all-time low of $0.70.
The rate of the dollar began to rise significantly in the early 1990's, and had a high of around $0.90 cents in the year 1993. This, unfortunately, did not last, and by the late 1990's to early 2000's the dollar fell to an all-time low of $0.63 cents in value. Beginning late 2003 to early 2004 the value of the dollar began to rise at an even more significant rate than previously seen in the earlier crash, resulting in an eventual high of $1.03 by early 2007. The CAD currency maintained an average of $1.00 until late 2008 to early 2009, which is when the most recent (although relatively minor) crash occurred, leaving the dollar at an average value of $0.80 US cents. The value of the dollar began to rise once again, and by late 2010 to early 2011, the value was once again at an average of $1.00 US dollars. Between 2011 and 2012, the dollar has been averaging at $1.00, having only a few minor drops and increases between the value of $0.95 and $1.10. The current value, as of January 2013, has been sitting on a consistent average of $1.00. However, analysts have predicted that Canada's economic recovery will lose steam in 2013, possibly reducing the dollars value in the near future. This is purely speculation, and is based mostly on the 'Idle No More' protesters, which have been said to be a threat on the Canadian economy, due to transit and government service interruptions.
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