
Daily Foreign Exchange Update for November 6
Yesterday, USDCAD dropped from 1.3980 down to 1.3942 before climbing to 1.4024 (highest since Oct. 28th) late in the NA session.
Read more →Currency and gold market news from VBCE, FXStreet, Kitco, and the Melli Exchange team.
Stay up to date with live currency exchange rates, gold price movements, and financial market analysis relevant to Canadian dollar holders. We track USD/CAD, EUR/CAD, GBP/CAD, AED/CAD, and gold (18K–24K) daily.

Yesterday, USDCAD dropped from 1.3980 down to 1.3942 before climbing to 1.4024 (highest since Oct. 28th) late in the NA session.
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The USD/CAD Exchange Rate hovers near 1.3990, extending a downward trend as the U.S. dollar trades under broad pressure.
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USDCAD is trading with a firmer tone this Wednesday morning as markets digest the results of yesterday’s U.S. midterm elections and trading at 1.3960 as of 8:15AM PST, where Democrats won control of both the House and Senate in a decisive rebuke of the Trump administration.
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All eyes are on Washington today as Americans head to the polls for the midterm elections, with control of Congress up for grabs.
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WTI falls sharply on Monday, losing more than 7% as positive headlines on US-Iran diplomacy ease concerns about further supply disruptions.
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Yesterday, USDCAD dropped from 1.4000 down to 1.3970 before briefly testing 1.4013. The pairing then fell back to hold within a 1.3969 – 1.3991 range for the balance of the session.
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Yesterday, USDCAD dropped from 1.4090 down to 1.4059 before rebounding to test the 1.4100 level. After briefly testing the 1.4100 level, the pairing dropped back to hold near 1.4080 for the balance of the session.
Jul 24, 2026
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The USD/CAD pair is trading near 1.4090. The Loonie is facing pressure from softer-than-expected Canadian inflation data, which dampened rate hike expectations.
Jul 23, 2026
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USDCAD is easing modestly on Wednesday morning, trading near 1.4084 and down 20 pips on the day. The pair is navigating a complex backdrop with major CAD developments this week.
Jul 22, 2026
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Yesterday the Trump administration signed proclamations imposing an additional 50% tariff on a range of Canadian goods, including autos, dairy, alcohol, cement, and electrical equipment, citing what it called discriminatory treatment of U.S. exports.
Jul 21, 2026
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USD/CAD edges higher on Monday as softer-than-expected Canadian inflation data and a firmer USD weigh on the CAD, while tensions in the Middle East keep financial markets volatile.
Jul 20, 2026
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As a member of the Surrey & White Rock Board of Trade, Melli Exchange looks forward to building relationships with local business leaders, participating in community events, sharing market insights, and contributing to conversations that help businesses navigate today's global economy.
Jul 17, 2026
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Yesterday, USDCAD dropped for the 9th consecutive day falling from 1.4050 down to 1.4012 - near 1 month low. The pairing settled near 1.4040 – 1.4055 for the balance of the session.
Jul 17, 2026
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Canadian Dollar extends gains over US Dollar as BoC stance limits further upside.
Jul 16, 2026
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USDCAD is little changed on Wednesday morning, trading near 1.4050 at 8AM PST, as two significant events have effectively offset each other: a dramatically softer-than-expected US CPI print and a sixth consecutive Bank of Canada hold that came with a mildly dovish tone.
Jul 15, 2026
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The Canadian dollar is one of the stronger performers this morning, with USD/CAD slipping back under 1.4100 after U.S. inflation came in well below expectations and sparked broad-based selling in the greenback.
Jul 14, 2026
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The CAD trades firmly against its major currency peers but is flat at around 1.4140 against the USD during the trading sessions on Monday.
Jul 13, 2026
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Yesterday, USDCAD tested 3 week lows @ 1.4155 before briefly climbing to 1.4189. The pairing then dropped back to hold within a 1.4160/72 range for the balance of the session.
Jul 10, 2026
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USD/CAD moves sideways after two days of losses, trading around 1.4180 during morning hours on Thursday.
Jul 9, 2026
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USDCAD is falling on Wednesday morning, down 35 pips on the day as a dramatic re-escalation of the US-Iran conflict sends risk assets tumbling and oil surging, creating a complex and volatile backdrop for the Canadian dollar.
Jul 8, 2026
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It was another quiet 24hrs for USDCAD as the Loonie continues to hover around the 1.4200 mark as broader U.S. dollar strength continues to overshadow improving domestic fundamentals.
Jul 7, 2026
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Gold recovers slightly from the daily low, albeit it retains the negative bias through the first half of the European session and remains below a two-week high touched earlier this Monday.
Jul 6, 2026
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Yesterday, USDCAD dropped from 1.4224 down to1.4150 – near a 2 week low.
Jul 3, 2026
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The USD/CAD pair is trading near 1.4180, pulling back from recent 14-month highs as a weaker-than-expected US employment report pressured the greenback.
Jul 2, 2026
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The Canadian dollar is currently trading just under 1.4200 after once again running into resistance near the 1.4250 area overnight.
Jun 30, 2026
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Yesterday, USDCAD climbed from 1.4220 up to 1.4248 re-testing the highs from Wednesday. The pairing subsequently declined to 1.4177 and remained under the 1.42 level for the balance of the session.
Jun 26, 2026
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The USD/CAD pair is hovering near its highest level since April 2025.
Jun 25, 2026
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USDCAD is pushing to fresh multi-year highs on Wednesday morning, as a powerful combination of hawkish Fed repricing, a stronger-than-expected Canada current account deficit, and broad USD strength continues to drive the pair toward levels not seen since November 2022.
Jun 24, 2026
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USD/CAD continues to push higher this morning, trading at levels not seen since April 2025 as broad-based U.S. dollar strength remains the dominant theme in currency markets.
Jun 23, 2026
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USD/CAD trades little changed on Monday after a brief bout of weakness following stronger-than-expected Canadian inflation data.
Jun 22, 2026
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Yesterday, USDCAD climbed from 1.4094 up to 1.4145 – its highest level since April 9th, 2025 – marginally eclipsing the November 5, 2025 high @ 1.4139.
Jun 19, 2026
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The USD/CAD exchange rate is trading around the 1.4120 level, with the US Dollar gaining strength.
Jun 18, 2026
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USD/CAD is firmer on Wednesday morning, trading near 1.4013 at 7:25am PST and up 16 pips on the day, as markets brace for the most consequential Federal Reserve meeting in years.
Jun 17, 2026
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USD/CAD is holding firm just below the 1.40 mark this morning, with the Canadian dollar giving back a little ground overnight as oil prices ease and broader market sentiment cautiously improves.
Jun 16, 2026
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WTI US Oil has fallen sharply on Monday and trades around $80.15 at the time of writing, down 5.75% on the day.
Jun 15, 2026
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Yesterday, USDCAD climbed from 1.3931 up to 1.4024 – its highest level since November 28, 2025. The trend abruptly changed on reports that the U.S. and Iran had reached a peace agreement.
Jun 12, 2026
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USDCAD is pulling back on Wednesday morning, down 30 pips on the day as a softer than expected US CPI print and a widely anticipated Bank of Canada hold create a modest CAD tailwind.
Jun 10, 2026
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USD/CAD is easing slightly this morning after briefly testing near six month highs yesterday, with heavy selling interest around the 1.3950 to 1.3965 zone once again proving difficult to crack.
Jun 9, 2026
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The USD/CAD pair trades in positive territory around 1.3950 during the early sessions on Monday.
Jun 8, 2026
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Yesterday, USDCAD climbed from 1.3899 up to 1.3925 – its highest level since April 6th. The pairing fell back to 1.3881 before holding near 1.3900 during the North American session.
Jun 5, 2026
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USD/CAD is trading near its highest levels since April due to a broadening U.S.-Canada interest rate gap, renewed trade deal renegotiation concerns, and a strong U.S. Dollar.
Jun 4, 2026
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USDCAD is surging on Wednesday morning, trading near 1.39 and up 50 pips on the day, touching a fresh multi-week high as a powerful combination of Canadian recession fears, a hawkish Fed, and Iran deal uncertainty drives broad CAD weakness.
Jun 3, 2026
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USD/CAD is trading with a softer tone this morning, hovering in the low 1.38s as the U.S. dollar gives back a bit of ground despite lingering uncertainty around U.S.-Iran negotiations.
Jun 2, 2026
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From oil price swings and inflation data to geopolitical risk and changing rate expectations, May was a month where foreign exchange markets reacted quickly to global headlines. In this month’s roundup, we look at the key forces that moved USD/CAD, what our Traders were hearing most from clients, and why managing timing risk has become more important than trying to predict one perfect market move.
Jun 1, 2026
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The CAD is facing notable headwinds following unexpected data showing that Canada’s economy has entered a technical recession.
Jun 1, 2026
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Yesterday, USDCAD climbed from 1.3837 up to 1.3870 – its highest level since April 7th. After a 2nd test of 1.3870 stalled, the pairing fell sharply during the North American session to 1.3776 – a 1 week low.
May 29, 2026
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The USD to CAD exchange rate is hovering near 1.3840, trading at a six-week high.
May 28, 2026
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USD/CAD is pushing higher on Wednesday morning, trading near 1.3826 at 7:25am PST and up 0.0018 on the day, as a surge in safe-haven USD demand collides with renewed optimism about a potential US-Iran peace deal that is pulling in opposite directions.
May 27, 2026
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USD/CAD is hovering just north of the 1.38 handle this morning, but for a pair that has climbed roughly two and a half cents since the start of the month, price action feels surprisingly restrained.
May 26, 2026
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The USD kicks off the new trading week on the back foot as investors continue to assess news that a potential US-Iran deal could be clinched anytime soon.
May 25, 2026
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Yesterday, USDCAD climbed from 1.3745 up to 1.3800 – its highest level since April 13th.
May 22, 2026
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USDCAD is pulling back from recent highs, trading near 1.3736 as a combination of softer-than-expected Canadian inflation and a delayed US military strike on Iran have trimmed some of the USD’s recent gains.
May 20, 2026
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As of May 14, 2026, USD/CAD is trading around 1.3700–1.3725, holding steady after a six-day winning streak.
May 14, 2026
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USD/CAD is little changed, trading near 1.3700 as competing forces offset each other.
May 13, 2026
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USD/CAD is pushing higher into the North American session, climbing back above 1.3700 after U.S. inflation data came in hotter than expected and gave the greenback a fresh boost.
May 12, 2026
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The USD/CAD pair trades on a flat note around 1.3670 during the early trading hours on Monday.
May 11, 2026
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The USD/CAD pair is navigating a delicate balance, trading around 1.3630–1.3660 recently.
May 7, 2026
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Global markets are entering another phase of prolonged uncertainty as we head into May, and for Canadian businesses, investors, and travelers, the question is no longer when things will stabilize, but whether volatility itself has become the new normal.
May 6, 2026
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USD/CAD struggles for direction on Wednesday as renewed optimism surrounding a potential US-Iran peace deal pressures the USD, while falling Oil prices weigh on the commodity-linked CAD.
May 6, 2026
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USD/CAD is stuck in a bit of a holding pattern this morning, hovering in the low 1.36s after a pretty uneventful overnight session that saw the pair trade in a tight range.
May 5, 2026
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USD/CAD edges higher on Monday as rising tensions in the Strait of Hormuz, amid the ongoing US–Iran standoff, support the USD. At the time of writing, the pair is trading around 1.3615, up nearly 0.22% on the day.
May 4, 2026
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Yesterday, USDCAD dropped from 1.3689 down to 1.3580 – its lowest level since March 11th.
May 1, 2026
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USD/CAD traded essentially flat on Wednesday, last seen near 1.3680 after a brief whipsaw spike to about 1.3710 was quickly retraced.
Apr 29, 2026
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This year-end review looks back at how clients responded to the defining market forces of 2025, particularly U.S. tariff announcements, interest-rate expectations, and global risk sentiment. Hear what our Traders observed in 2025, and their outlook for 2026.
Dec 19, 2025
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This guide outlines what every Canadian business owner should know about managing currency exchange and bullion purchases efficiently, cutting costs, reducing risk, and regaining control, without the hidden bank fees and slow, one-size-fits-none processes that stall growth.
Oct 22, 2025
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Surrey's expansion isn't just a new address; it’s our company continuing to provide customers the same high-touch customer service in one of the most dynamic communities in B.C.
Aug 29, 2025
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From rising costs to political uncertainty, Canadians managing U.S. properties are navigating new challenges. Now more than ever, it’s critical to have the right tools and the right partner to manage your U.S. mortgage, HOA fees, and property expenses.
Jul 25, 2025
Read more →Melli Exchange is growing! We’re excited to announce that we’re expanding across the Fraser River with a brand-new branch opening at Guildford Town Centre in late Summer 2025.
Jun 24, 2025
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This guide provides finance leaders with practical strategies for managing foreign income and expenses while mitigating FX risk. It draws insights from Melli Exchange industry experts and highlights how Canadian companies we work with manage these risks.
Apr 30, 2025
Read more →Melli Exchange Trader Garo Mavyan speaks with CityNews on the changes he's observing as a FX Trader when it comes to destinations Canadians are selecting now for travel plans abroad.
Feb 10, 2025
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The US's talk of tariffs has added volatility to the currency and precious metals markets. We asked our Melli Exchange Traders what their customers were concerned about, and what steps could be taken by individuals and businesses during these uncertain times.
Feb 10, 2025
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This year, our dollar weakened significantly against the USD, and precious metals continue to soar. There were many ups and downs between surges and volatility which is part of our daily life at Melli Exchange. As we wrap up 2024, we check in with our currency and precious metal traders to see how the year went and what they look forward to next year. Read the article.
Dec 23, 2024
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We’ve been around for over 35 years and have experienced all the ups and downs of the markets, which is a normal state of affairs. Sometimes, however, we notice something new that is exciting and leads us to learn more about what might be causing the change.
Nov 14, 2024
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Regardless of your political affiliation, we can agree that some key economic indicators will impact currency exchange for Canadian businesses and individuals. What should a business or individual do to help mitigate some of the volatility? We spoke to Steve Brown, a Senior Melli Exchange Trader with over 25 years of experience, to discuss some helpful strategies for common currency pairs during these uncertain times.
Oct 22, 2024
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As the Bank of Canada announces another cut to interest rates today, what is the expected impact on the currency exchange market? Is there one? And what should businesses do to plan for upcoming foreign exchange needs?
Sep 5, 2024
Read more →We love the Reddit community and find that Melli Exchange commonly comes up as a topic in the community threads. We thought it would be nice to share answers to the Reddit community's questions since these are helpful when exchanging currency.
Jul 15, 2024
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When importing and exporting, a strategy to optimize foreign payments is a wise idea. We share the best way for business owners and accounting teams to pay suppliers or vendors in USD to get the strongest USD to CAD or CAD to USD exchange rate and reduce bank transfer fees. Read more.
May 30, 2024
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If you are heading on a trip or have personal or business needs for foreign currency, you’ll need to decide where to get the best currency exchange rate near you. Read more.
Mar 28, 2024
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The USD and the CAD along with most major currency pairings ended the week largely unchanged
Feb 21, 2024
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The USD and the CAD were largely unchanged this week. Risk aversion flows Monday and early Tuesday saw USDCAD repeatedly test 7 week highs near 1.3540 while the USD trade-weighted index climbed to a 3 month high.
Feb 13, 2024
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The USD had a mixed performance this week with the trade-weighted index initially gaining 0.5% before losing 1% only to recover and close the week marginally higher.
Jan 31, 2024
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We’ve put together the Top 10 currency exchange terms to know when exchanging funds. This FX glossary applies to common exchanges between USD and CAD, CAD to USD, Euro and CAD, and across the other 80+ currencies we work with. Read on!
Jan 23, 2024
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Melli Exchange Traders Steve Brown, Garo Mavyan, Pandu Vitharana, and Jeffrey Wong share their annual look back at 2023, and look forward to 2024.
Dec 28, 2023
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We continue our series of Trader Profiles this month. Our team of experienced and knowledgeable traders enjoys helping clients manage currency trades, buy and sell precious metals, and efficiently manage international payments.
Dec 5, 2023
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Entrepreneurs are the heart of Canada. In BC, we have more small businesses per capita than any other province. In Canada, we celbrate Small Businesses in October, We are sharing events and resources for Small Businesses to take advantage of this month!
Oct 11, 2023
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In the Greater Vancouver area, Melli Exchange has four convenient locations where people can walk in and get a wide selection of denominations in stock for over 80+ foreign currencies. Banks love our breadth of options and usually refer their customers to us. To help get you to the closest location, we’ve put together some key info on the areas our branches are located in and how best to plan your trip to avoid wait times.
Oct 4, 2023
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How do you know if you are making mistakes when exchanging money? Learn which common currency exchange money mistakes you might be making, and how much money you are leaving on the table.
Aug 28, 2023
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As students prepare to return to school, we see international students heading abroad as well, and their outlook on planning for school has a few additional steps. A common question is when should you exchange funds for studying abroad?
Aug 25, 2023
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Making memories is a top priority for RestNest and the website allows visitors to book directly, speak to a local expert in the region, and find lodgings in Kelowna and the surrounding areas that exceed expectations. Accepting both USD and CAD allows visitors to book in their preferred currency and gives the company the flexibility to use both currencies to manage the business. Learn how they use currency exchange services to manage company revenue and expenses.
Jun 29, 2023
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You’ve done the research into where you want to travel, but have you considered when to buy currency for your trip? Read when to get the best bang for yoru buck for your travel plans.
May 24, 2023
Read more →No two clients are alike, and no two businesses are alike. Our traders have a vast set of professional skills and market trading experience working with multiple industries. Learn how they can support a wide set of needs for Canadian businesses.
Mar 24, 2023
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As we start the new year, we like to remind ourselves why we love doing what we do. We focus first and foremost on our customers and the value we provide them in the service of our work. We do more than give great exchange rates; we step in to help where needed, and this is because we live our company values every day. Read the article.
Feb 14, 2023
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As Melli Exchange looks ahead to 2023 we would be remiss to not look back at one of the most volatile years in the currency exchange and precious metals markets we’ve seen in our 30+ years in business. Melli Exchange Traders specialize in foreign exchange and gold and silver trading, so we asked them to share their thoughts regarding 2022 as well as their opinion on what’s to come in 2023.
Dec 30, 2022
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We are happy to share an updated design and mobile-friendly update for the Melli Exchange Online platform, is now live. Read more about the update.
Nov 3, 2022
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There are many reasons people love cross-border gift buying, and whether frequently done or done only on occasion, using two currencies to shop can be a new skill to learn to benefit from the experience. Learn how to get the most out of cross-border shopping. Read the full article.
Oct 15, 2022
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We work with accounting teams daily, helping them manage foreign currencies and have put together a guide with the key steps for accounting professionals and business owners managing foreign exchange. Read the guide.
Aug 13, 2022
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Thinking about studying abroad? Review the Financial Prep List for Canadian students planning to study in the US, UK or further abroad. Click on the article date or title to read the full article.
Aug 6, 2022
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When it comes to retiring as a U.S. expat in Canada, some additional steps will be needed to manage two currencies and multiple sources of retirement income. Read more about what to consider, click on the article date for the full article.
Jun 18, 2022
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With the current market fluctuations, we tend to get a flood of interest, and questions from individuals around buying precious metals such as gold and silver bullion in Vancouver and the surrounding areas. Read the answers to the most frequent questions around how precious metals are sold. Click on the date below to read the full article.
May 15, 2022
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The benefits of having options for your currency exchange needs when sending money to the US and worldwide. Learn the 5 top reasons to switch to online money transfer today. Click on the date below to read the full article.
Apr 9, 2022
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Melli Exchange started in 1989 and we've grown to fivelocations in the greater Vancouver area. For the past 35 years, customers have been the heart of our business. Learn about our journey. Click on the date below to read the full article.
Feb 22, 2022
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Studying abroad spotlight: Save up to 2-3% in currency exchange when financing international studies with Melli Exchange. Click on the date below to read the full article.
Dec 22, 2021
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Tech Spotlight: Anemone Interactive Case Study - Hear how this Vancouver based Tech company navigate foreign exchange needs as part of their financial management process.
Nov 2, 2021
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> As you plan your retirement, it is good to know how to increase foreign pension earnings right away with a strong currency exchange rate. This article will share options to increase your foreign pension income by up to 3% right away through the currency conversion step. Click on the date below to read the full article.
Sep 23, 2021
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Navigating Foreign Exchange for international business and cross-border personal needs Melli Exchange has been in business for over 30 years and we regularly get questions about how businesses and individuals can best manage their currency exchange needs and reduce risks and costs for trading currencies. Whether you are a snowbird heading to the US, or an import/export business we have our Top FX Tips below to reduce risk in foreign exchange transactions and earn more from currency exchange. Click on the date below to read the full article.
Aug 12, 2021
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You don’t need to be a day trader to get more value from your foreign exchange needs, learn the basics and understand how to make more money when buying and selling foreign currency. Our Melli Exchange FX Traders sat down to share some top currency exchange tips to help you better navigate the FX market information to make better-informed decisions. Click on the date below to read the full article.
Jun 9, 2021
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Meet Garo Mavyan, our Tech Industry FX specialist. His deep understanding of the types of services that work for the Tech industry can help you get the most substantial exchange rate for your USD dollars to help maximize your earnings when exchanging funds from USD to CAD. Click on the date below to read the full article.
May 29, 2021
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By name, Vancouver Bullion and Currency Exchange (Melli Exchange) it’s clear that we trade in precious metals, such as gold and silver, as one of our core businesses. Melli Exchange is a registered Royal Canadian Mint Bullion DNA Dealer and Trader in qualified bullion recognized by LBMA accreditation. Bullion is the selling of gold, silver and platinum in a physical form that can be used as an investment or as an input resource to the manufacturing of items such as jewelry. We sell to those looking for physical possession of precious metals. A common question we get asked is what is the best precious metal to invest in, right now? Click on the date below to read the full article.
May 5, 2021
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It seems like our lives and schedules are constantly getting busier, and as such, it's important to find efficient solutions to best manage your time. Whether you're looking to fund your living expenses in a foreign country, pay for maintenance on a foreign property, or if you're a business looking to send payments to your overseas suppliers, Canadians transacting across borders have some great options to pay international bills easily while saving time and money. Click on the date below to read the full article.
Feb 8, 2021
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