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Trade-Weighted Index (NEER) (CAD)

Nominal Effective Exchange Rate (NEER) measuring the value of a currency relative to a basket of trading partners' currencies, weighted by trade volumes. Published monthly by the BIS.

Latest reading: 101.95 Index (2020=100) · Last updated: · Source: Bank of Canada/StatCan

Category: Economy

API Endpoint

/api/v1/announcements/cad/trade_weighted_index

Use the production OpenAPI schema for the authoritative REST route metadata.

https://fxmacrodata.com/api/openapi.json

Browse the full endpoint reference

Compare Trade-Weighted Index (NEER) across all supported currencies →

About Trade-Weighted Index (NEER) (CAD)

The trade-weighted index (TWI) for Canada measures the cad's value against a basket of currencies weighted by bilateral trade volumes. It gives a broader read of currency strength than any single bilateral rate.

Why FX traders watch it

The Bank of Canada monitors the TWI when assessing imported inflation and the competitiveness of Canada's export sector. A strong TWI can reduce import inflation but also reduce export competitiveness.

How to interpret the data

A rising TWI means the cad is strengthening in trade-weighted terms, reducing import costs but potentially weighing on export growth. The Bank of Canada may reference TWI levels in communications about currency policy.

Historical Trade-Weighted Index (NEER) (CAD)

Source: Bank of Canada/StatCan  ·  Monthly  ·  Index (2020=100)

Data provided by FXMacroData via the /api/v1/announcements/cad/trade_weighted_index endpoint. For access, see pricing.

Data Source

Primary Source

Bank of Canada/StatCan

Official Series ID

WS_EER/M.N.B.CA

Data Format and Properties

Data Frequency

Monthly

Unit of Measure

Index (2020=100)

JSON Response Structure

The endpoint returns a chronological list of observations in JSON format. 

{
    "currency": "CAD",
    "indicator": "trade_weighted_index",
    "has_official_forecast": false,
    "start_date": "2023-01-01",
    "end_date": "2023-12-31",
    "data": [
        {
            "date": "2024-07-01",
            "val": 4.2,
            "announcement_datetime": 1722456000
        }
    ]
}

Request Parameters & Usage

Parameter Required Format Description
start_date NO YYYY-MM-DD Optional lower bound for the requested history.
end_date NO YYYY-MM-DD Optional upper bound. Defaults to the current date.
api_key CONDITIONAL string Required for non-USD announcement requests. USD announcement requests are public without an API key.

Example Usage

To retrieve Trade-Weighted Index (NEER) data for CAD from 2023: 

GET https://fxmacrodata.com/api/v1/announcements/cad/trade_weighted_index?start_date=2023-01-01&end_date=2023-12-31&api_key=YOUR_API_KEY

Frequently Asked Questions

How often is Canada Trade-Weighted Index (NEER) updated?
Trade-Weighted Index (NEER) for Canada is released on a monthly schedule by Bank of Canada (or the relevant national statistics agency). FXMacroData ingests each new value within seconds of the official publication and exposes the exact announcement timestamp on every record.
What unit is Trade-Weighted Index (NEER) reported in?
The series is published in Index (2020=100). The exact unit is also returned on every API response under the indicator metadata.
Where does FXMacroData source Canada Trade-Weighted Index (NEER) data?
Data is fetched directly from Bank of Canada or the official national statistics publication for Canada. The source URL is preserved on every announcement record so downstream consumers can trace the value back to its primary release.
How do I query Trade-Weighted Index (NEER) for Canada via the API?
Issue a GET request to /api/v1/announcements/cad/trade_weighted_index?api_key=YOUR_API_KEY. The response contains a chronological list of observations with values, release dates, and announcement timestamps. USD announcement data is public; other currencies require a Professional API key.