Canadian dollar to US dollar, from the ECB reference rate of Friday 6 November, re-anchored to the live market six times each working day.
Anchored to the live market. The next fix starts from the live CAD to USD rate of $0.7078 at 22:42 CET, not from the last fix. The ECB fixes at 14:15 CET, so the range covers only the move still to come, about 11% less error than assuming no change at this time of day. Refreshed six times each working day.
USD to CAD is forecast at C$1.4128 for Mon 9 Nov. See the USD to CAD forecast
Measured on the last three years of daily fixes, refreshed with every run.
Chance each fix beats the latest rate of $0.7109. A higher rate means more USD for every CAD you convert. Model estimates, not promises.
No day this week is better than even odds to beat the latest fix.
Next fix forecasts roughly tie with a "no change" guess. Five sessions out they roughly tie, and the range caught 78% of outcomes against an 80% target.
| Date | Forecast | Actual | Miss | Range |
|---|---|---|---|---|
| Fri 6 Nov | 0.7160 | 0.7109 | 0.00509 | Outside |
| Thu 5 Nov | 0.7176 | 0.7160 | 0.00159 | Inside |
| Wed 4 Nov | 0.7156 | 0.7176 | 0.00205 | Outside |
| Tue 3 Nov | 0.7156 | 0.7156 | 0.00005 | Inside |
| Mon 2 Nov | 0.7159 | 0.7156 | 0.00026 | Inside |
| Fri 30 Oct | 0.7145 | 0.7159 | 0.00138 | Inside |
Set a level and we'll tell you on the day the reference rate crosses it.
One Canadian dollar bought as little as $0.7012 on Thu 8 Oct and as much as $0.7278 on Fri 21 Aug, a swing of 3.7%. On a C$10,000 transfer, that gap is worth about $266.
Our forecast for Monday 9 November is $0.7078 per Canadian dollar, with an 80% range of $0.7058 to $0.7098. The latest ECB reference rate was $0.7109 on Friday 6 November.
The five session path drifts down to $0.7078 by Friday 13 November, a change well inside the normal range, so treat it as steady. On this pair, five session forecasts currently roughly tie with a simple no change guess.
No day in the next five sessions is more likely than not to beat the latest fix of $0.7109, so the model does not favour waiting.
Across 990 next fix forecasts the average miss was 0.00183, against 0.00183 for assuming no change, and the real rate landed inside our range 82% of the time.
The next fix starts from the latest market rate: before the fix we anchor to the live rate, after it to the fix itself. A drift is added only when the last 250 sessions show a statistically strong trend, which matters for crawling currencies like the lira and not for CAD to USD right now. The range comes from a volatility model that reacts to recent swings, calibrated so 8 in 10 outcomes land inside it. Nothing about the direction is guessed: on daily data no model we tested beats the market's own price, and we publish the score to prove it.
No. Banks and transfer apps add their own margin. Use the forecast for the direction and size of the move, not as your final quote.