Sat Jan 11 2025
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What is the Canadian-dollar effective exchange rate index (Ceri)?
The Canadian-dollar effective exchange rate index (CERI) is a measurement that reflects the weighted average of bilateral exchange rates between the Canadian dollar and the currencies of Canada's major trading partners. It is calculated using a multilateral trade-weighted average methodology, considering the trade importance of each partner relative to Canada's total trade. The index provides insights into the competitiveness of Canadian exports and the overall strength of the Canadian dollar in the global market.
