Accordingly parties to transactions that are indexed to foreign currency may use any exchange rate on which they agree. Importantly, the representative rate is an indicator of the exchange rate in use but has no obligatory status under law. The representative rate is based on the rate prevailing in the market at the time it is set. On each foreign currency business day in Israel, the Bank of Israel publishes the representative exchange rate of the shekel against foreign currencies. Section 4(3) of the Law states that one of the functions of the Bank of Israel is "Supporting the orderly activity of the Foreign Currency market in Israel." In this capacity the Markets Department monitors market performance. In the early 1990s, foreign-currency control was gradually repealed in a liberalization process. The lowest USD/CAD exchange rate in 2022 was 1.2476 Canadian Dollars per US Dollar on March 25, 2022. However, the Bank reserves the right to intervene in foreign currency trading when necessary. The highest USD/CAD exchange rate in 2022 was 1.3883 Canadian Dollars per US Dollar on October 14, 2022. Enter any given amount to be converted in the box to the left of US-Dollar. Our US-Dollar to Canadian Dollar converter is up-to-date with exchange rates from. Latest Currency Exchange Rates: 1 US-Dollar 1,36 Canadian Dollar. Today, the exchange rate policy is based on unrestrained fluctuation of the domestic currency against other currencies. Convert USD to CAD using our currency converter with live foreign exchange rates. The average price for the period is 1.3168. In Feb 2024, a bearish trend is expected on the USD/CAD currency pair. ![]() The average price for the period is 1.3754.Minimum prices are forecasted at the level of: 1.3134.The maximum value of quotes: 1.4269. Foreign currency trading takes place mainly between banks and their customers in Israel and abroad and among banks themselves. In Jan 2024, a bullish trend is expected on the USD/CAD currency pair.
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