Cryptocurrency Q&A How much CAD does a US dollar get on a foreign exchange?

How much CAD does a US dollar get on a foreign exchange?

SolitudeEcho SolitudeEcho Mon Jan 20 2025 | 6 answers 1303
I'm wondering how much Canadian dollars I can get for one US dollar if I exchange it on the foreign exchange market. How much CAD does a US dollar get on a foreign exchange?

6 answers

ShintoMystery ShintoMystery Wed Jan 22 2025
BTCC is a prominent cryptocurrency exchange that offers a range of services. These include spot trading, futures trading, and a wallet for storing digital assets.

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Dario Dario Wed Jan 22 2025
The exchange rate between the USD and CAD fluctuates but has reached parity at several points throughout history.

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EnchantedNebula EnchantedNebula Wed Jan 22 2025
This parity can be attributed to the strong business ties between the United States and Canada.

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Valeria Valeria Wed Jan 22 2025
Despite these ties, the U.S. dollar has consistently maintained a stronger position compared to the Canadian dollar.

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CloudlitWonder CloudlitWonder Wed Jan 22 2025
The value of a currency is influenced by various factors, including economic stability, trade balances, and interest rates.

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