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The Loonie
The canadian dollar CAD is seen was introduced in 1858. Prepared one hundred dollar canadian cents. On the fluctuations of the CAD the most influenced by the USD. In 2007, the national currency of Canada takes the 7th place in terms of trading. Before the advent of own monetary units in Canada were made in Spanish dollars. At the moment CAD is used in their daily lives about 33 million people, which is not so much, considering the area of the whole country. The Bank of Canada appeared in 1935, taking the responsibility of release of Federal money.At the moment the issue of banknotes has the right to only deal with Canadian Bank Note Company and BA International Inc.
The geographical proximity of the USA and Canada could not affect the relationship between currencies. Close economic ties are responsible for a significant impact of us dollar on its neighbor. At the moment, the market rates of two monetary values practical level, which became possible only due to the economic crisis of 2007-2008. The canadian dollar used a regime of freely floating exchange rate. The national currency of a neighbor, the US is the only one in the world that at all times its existence, had a high degree of protection.
Canadian dollar to us dollar
Forex canadian dollar most often used in pair with the American brother. USD/CAD is a very popular trading tool among traders. Currency pair has a high spread and volatility is higher than the average on the market. This tool is often used for scalping in the Asian session, when the CAD is almost no demand in the auction. The pair is a technical, that is popular with speculators who value technical analysis.
A feature of the banknote there are images of the landscapes of the country, as well as state leaders of different times from the reverse side of the bills. In different years has changed the dimensions, color, but the constant was clearly marked, identifying elements. It is believed that the canadian dollar is the least influenced by Japanese JPY and the currency of China.
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| Category: Forex | Added by: (06.11.2017)
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| Views: 305
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