Exchange Rate Calculator

The exchange rate between Bitcoin (BTC) and the Canadian Dollar (CAD) has exhibited significant volatility over the past few months, reflecting broader trends in the cryptocurrency market and economic factors influencing both assets.

Recent Performance

As of March 18, 2025, the BTC/CAD exchange rate stood at approximately CA$118,881 per Bitcoin. This marked a slight decrease of 0.8% from the previous day, continuing a trend of fluctuations observed throughout the month. For instance, on March 14, 2025, the rate was CA$120,794.9, representing a 3.31% increase from the prior day. These daily movements underscore the inherent volatility in the BTC/CAD pair. (coingecko.com, investing.com)

Monthly Trends

In March 2025, the BTC/CAD exchange rate experienced notable swings. The month opened with Bitcoin valued at CA$118,591.77 on March 1 and closed at CA$121,347.05 on March 21, reflecting a 2.27% gain over this period. The highest value recorded during the month was CA$131,621.25 on March 4, while the lowest was CA$116,856.51 on March 11. These fluctuations highlight the dynamic nature of the cryptocurrency market. (exchangerates.org.uk)

Historical Context

Looking back, the BTC/CAD exchange rate has seen substantial changes over the years. In 2024, Bitcoin reached its highest value against the Canadian Dollar on December 17, peaking at CA$152,694.62. The lowest point that year was CA$53,065.49 on January 23. The average exchange rate for 2024 was CA$90,569.95, indicating significant growth and volatility within the year. (exchangerates.org.uk)

In contrast, during 2022, the exchange rate was considerably lower. For example, on October 31, 2022, Bitcoin was valued at CA$27,954.02. This comparison illustrates the rapid appreciation of Bitcoin against the Canadian Dollar over a relatively short period. (freecurrencyrates.com)

Factors Influencing BTC/CAD Exchange Rate

Several factors contribute to the volatility and trends observed in the BTC/CAD exchange rate:

1. Market Sentiment: Investor perception of Bitcoin's value and potential significantly impacts its price. Positive developments, such as institutional adoption or favorable regulatory news, can drive prices up, while negative news can lead to declines.

2. Regulatory Environment: Changes in cryptocurrency regulations in Canada and globally can affect Bitcoin's demand and, consequently, its exchange rate against the CAD.

3. Economic Indicators: Macroeconomic factors, including inflation rates, interest rates, and economic growth in Canada, influence the strength of the Canadian Dollar, thereby affecting the BTC/CAD exchange rate.

4. Supply and Demand Dynamics: The limited supply of Bitcoin and fluctuations in demand play a crucial role in its valuation.

5. Technological Developments: Advancements in blockchain technology and changes to the Bitcoin network can impact investor confidence and the currency's value.

Conclusion

The BTC/CAD exchange rate has demonstrated considerable volatility over the past few months, influenced by a complex interplay of market sentiment, regulatory changes, economic indicators, and technological developments. Investors should remain vigilant and consider these factors when engaging with Bitcoin and other cryptocurrencies.