The Canadian Exchange Rate

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Ottawa

31.08.2017

30.09.2017

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Montreal

03.08.2017

05.08.2017

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Miami

06.09.2017

10.09.2017

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Winnipeg

21.10.2017

29.10.2017

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Québec City

06.10.2017

09.10.2017

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New York

19.08.2017

24.08.2017

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Omaha

12.08.2017

10.09.2017

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Chicago

04.08.2017

08.08.2017

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Washington

15.12.2017

02.01.2018

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Calgary

12.09.2017

19.09.2017

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Moncton

19.10.2017

29.10.2017

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Fort Lauderdale

08.08.2017

11.08.2017

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Phoenix

12.08.2017

26.10.2017

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Roanoke

18.10.2017

22.10.2017

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Las Vegas

22.08.2017

29.08.2017

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Tampa

04.11.2017

14.01.2018

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Orlando

01.08.2017

08.08.2017

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Edmonton

07.09.2017

11.09.2017

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Cancun

28.07.2017

04.08.2017

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London

11.09.2017

18.09.2017

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Atlanta

07.09.2017

10.09.2017

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San Diego

21.09.2017

30.09.2017

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Saskatoon

01.11.2017

17.11.2017

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San Francisco

12.09.2017

19.09.2017

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Dallas

10.08.2017

14.08.2017

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Regina

22.09.2017

25.09.2017

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Halifax

28.07.2017

04.08.2017

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Kingston

30.10.2017

13.11.2017

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Seattle

10.10.2017

11.10.2017

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Lynchburg

18.10.2017

22.10.2017

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Los Angeles

08.08.2017

15.08.2017

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Vancouver

24.08.2017

01.09.2017

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Paris

13.10.2017

20.10.2017

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Pasco

27.09.2017

02.10.2017

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Moscow

27.05.2018

08.06.2018

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Columbus

16.02.2018

10.03.2018

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Frankfurt

07.09.2017

14.09.2017

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Manchester

13.11.2017

19.11.2017

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Timmins

29.07.2017

30.07.2017

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Denver

30.08.2017

04.09.2017

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St. John's

21.08.2017

31.08.2017

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Memphis

06.08.2017

13.08.2017

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San Jose

08.08.2017

15.08.2017

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Higuey

23.12.2017

12.01.2018

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Victoria

30.08.2017

03.09.2017

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Saint Petersburg

03.10.2017

10.10.2017

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Bridgetown

20.09.2017

10.01.2018

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Istanbul

05.10.2017

15.10.2017

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Munich

09.09.2017

22.09.2017

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Kiev

01.11.2017

15.11.2017

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Milan

22.08.2017

29.08.2017

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Warsaw

26.09.2017

10.10.2017

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St. George

04.08.2017

21.08.2017

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Lviv

16.11.2017

30.11.2017

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Wroclaw

26.04.2018

17.05.2018

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Minsk

21.09.2017

24.09.2017

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Zagreb

18.01.2018

27.01.2018

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Krasnodar

01.11.2017

08.11.2017

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Hong Kong

23.02.2018

03.03.2018

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Rostov

06.10.2017

23.10.2017

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Kazan

19.09.2017

07.10.2017

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Tel Aviv-Yafo

07.09.2017

09.09.2017

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Zurich

23.09.2017

30.09.2017

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Budapest

18.09.2017

30.09.2017

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Almaty

26.09.2017

26.10.2017

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San Luis Potosi

30.07.2017

04.08.2017

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Bangkok

01.02.2018

31.03.2018

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Samara

16.09.2017

29.09.2017

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Rio de Janeiro

01.10.2017

11.10.2017

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Ekaterinburg

03.10.2017

24.10.2017

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Dubai

20.09.2017

27.09.2017

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Ufa

13.09.2017

26.09.2017

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Birmingham

21.08.2017

20.09.2017

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Kaohsiung

23.12.2017

01.01.2018

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Astrakhan

10.11.2017

30.11.2017

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Cairo

30.07.2017

06.08.2017

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Chisinau

24.11.2017

04.01.2018

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Zaporozhye

19.02.2018

02.03.2018

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Rome

07.08.2017

22.08.2017

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Perm

09.09.2017

16.09.2017

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São Paulo

13.10.2017

25.11.2017

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Manila

29.07.2017

10.11.2017

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Porto

31.07.2017

30.12.2017

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Odessa

10.09.2017

24.09.2017

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BAK

20.08.2017

28.09.2017

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Tbilisi

06.09.2017

22.09.2017

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Krasnojarsk

08.10.2017

27.10.2017

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Beijing

02.10.2017

10.10.2017

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New Delhi

15.09.2017

22.09.2017

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Kaliningrad

20.12.2017

27.12.2017

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Tehran

27.07.2017

15.08.2017

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Novosibirsk

01.12.2017

09.01.2018

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Vitoria

21.08.2017

27.09.2017

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Mumbai

01.10.2017

31.10.2017

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Amsterdam

29.07.2017

18.08.2017

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Astana

05.01.2018

10.01.2018

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Kharkiv

03.09.2017

15.09.2017

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Porto Alegre

09.09.2017

19.09.2017

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Sanya

17.09.2017

24.09.2017

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Ljubljana

01.08.2017

31.08.2017

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Trade rates are rates at which nations currencies are exchanged, that is, the worth of one currency by way of another. A lot of nations now use the American greenback as the usual in opposition to which to measure the value of their own currency. As the good majority of Canada’s international commerce and monetary transactions are with the US, the worth of the Canadian dollar in relation to the US dollar is of prime importance to Canada.

The dollar grew to become the official financial unit of the Province of Canada on 1 January 1858 and the official foreign money of Canada after Confederation. Its “spot” or present market worth has approximated the US$ till the previous’s recent decline, the significant exception being in the course of the US Civil Struggle, when the Canadian dollar rose to US$ 1.45. From 1879 to 1914 Canadian and American currencies had been on the gold standard and were therefore each defined by mounted and equal units of gold.

Following World Battle I, apart from the transient period between 1926 and 1929 when Canada returned to the gold normal, the Canadian dollar has been both pegged at a particular value in relation to the US dollar (1962-70) or allowed to fluctuate in line with international demand and supply. From 1952 and 1962 and since 1970, the Canadian dollar has fluctuated or “floated.” During these intervals the BANK OF CANADA has purchased and bought overseas alternate to smooth out daily fluctuations in the rate. It has additionally raised or lowered Canadian interest rates, relative to these in the US, to encourage or discourage funds flowing into Canada that improve or decrease the worth of the Canadian dollar. Since being unpegged in 1970 the Canadian dollar has traded as high as US $ 1.04 in 1974 and reached a historic low of nearly US $ 0.63 in the summer of 1998.

The exchange rate of the Canadian dollar is influenced by numerous elements moreover direct government trade rate policy. Affluent business conditions abroad, particularly within the US, containment of Canadian inflation, improved labour productiveness, good grain harvests, new resource developments and expanded home and foreign direct funding in export-oriented industries all help to stimulate exports and put upward stress on the dollar’s overseas worth. An increase in international tourists visiting Canada has an analogous effect. Conversely, the other of these forces places downward strain on the dollar’s exterior value. In addition, considerations about whether or not the province of Qubec will remain within the Canadian federation are inclined to put downward stress on the Canadian dollar.

By mid-1998 the financial turmoil and financial uncertainty in Russia and much of Asia raised fears about the energy of currencies of some developed countries like Canada. Canada exports significant quantities of resource-based mostly products to Asian international locations, which are actually unsure markets. As properly, Russia, with its much-depreciated foreign money, is a competitor of Canada for a lot of such products. Because of these damaging components, currency speculators have been moving funds out of Canada to the US in anticipation of a weaker Canadian dollar. Their own actions have induced their expectations to be realized, regardless of the Financial institution of Canada spending billions of dollars ($ 5.eight billion in August 1998 alone) shopping for up Canadian currency to attempt to reduce the extent of its depreciation in international change markets.

This decrease dollar does, nevertheless, have advantages for Canadian corporations exporting products to the US and elsewhere. The place such products are priced in US dollars, the revenues to Canadian corporations, when it comes to Canadian dollars, increase. The place the products are denominated in Canadian dollars, they turn out to be cheaper to overseas consumers, so more of them are sold. Either means, exporters benefit. But there are prices too. Canadians import services equivalent to just about 40% of the full output of the economy (Gross Domestic Product), with about 76% of those being from the US. When the value of the Canadian dollar falls, all these services and products value extra for Canadians to buy. The lower greenback raises inflationary pressures, which may unfold all through the financial system, despite the fact that the unemployment rate remains quite high.

The present downward stress on the greenback has primarily been brought on by intense speculation moderately than main weaknesses in the Canadian economy. Due to this, the Financial institution of Canada responded by raising the Bank Price by one per cent. Though this improve raises costs for borrowers, larger rates of interest discourage capital flight from Canada and assist to stabilize and even improve the value of the dollar. As soon as the speculation mania has subsided, it will be doable for the Bank Price to be lowered once more, thereby decreasing the rate of interest structure.

canadian exchange rate

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