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Canadian dollar exchange rate history,foreign exchange rates calculator yahoo,forex most traded currency pairs,automated options trading software - PDF Books>

Welcome to the page of currency pairs exchange rate history graph, Canadian Dollar(CAD) To US Dollar(USD) Currency.
Link to this page - if you would like to link to Canadian Dollar(CAD) To US Dollar(USD) Currency Exchange History. Since 2002, the Canadian dollar has experienced a dramatic reversal of fortune against its US counterpart. This paper examines the factors that contributed to the rise in the Canadian dollar in 2003. Economic theory and empirical evidence have identified a number of factors known to affect movements in exchange rates. In general, the value of the Canadian dollar relative to the US dollar is influenced by two distinct categories of catalyst. Perhaps the most significant domestic influence on the Canadian dollar is the relative health of the Canadian economy.
The difference between interest rates in Canada and the United States is also a major determinant of the exchange rate between the two currencies. Differences in inflation rates between Canada and the United States also affect currency movements in the long term.

Because Canada is a large producer and net exporter of resource-based goods, the Canadian dollar is often referred to as a commodity-based currency. That the rise in the Canadian dollar is in large part a US-based phenomenon is evident in the fact that the Canadian dollar is not the only currency to have appreciated against the US dollar since 2002. The significant difference between the performance of these (and other) currencies and that of the Canadian dollar is the period in which the bulk of the currency appreciation took place.
Many economists believe that a major factor behind the depreciation of the US dollar is that the dollar had been overvalued in recent years. Two major factors were responsible for the rapid appreciation of the US dollar in the late 1990s.
The collapse of the tech stock bubble in September 2000, far from deterring investment in the United States, created further economic uncertainty and pushed the US dollar even higher. The cost of a rising US dollar through the late 1990s, however, was a deterioration in economic fundamentals in the United States that ultimately contributed to the present decline in the value of the US currency. Energy prices have been considerably more volatile than non-energy commodity prices, but they too are having an impact on the Canadian dollar. Moreover, some believe that the influence of energy prices on the Canadian dollar is increasing as Canada continues to grow as a producer and exporter of energy.

As a member of the International Monetary Fund (IMF), Canada was committed to the Bretton Woods system of fixed exchange rates. In this report, the exchange rate refers to the cost, in Canadian dollars, of buying a unit of foreign currency. The Canadian dollar would, in all likelihood, rise against the currencies of other slower growing economies. As stated earlier, however, economic growth differentials between Canada and the United States also affect the value of the Canadian dollar.
By viewing the currency pairs exchange rate history graph (different periods for selecting), you can get more previous performance about the two currencies. Indeed, economic indicators had pointed toward a higher Canadian dollar for a number of years before its eventual rise.

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30.10.2014 | Author: admin

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