Exchange Rates Help

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Hello,

How do you know if the Canadian dollar is rising or falling relative to the US dollar? Is 0.95 CAD/USD good or bad?

Thanks very much for your help.

  • Exchange Rates Help -

    This site will show you a graph.

    http://www.oanda.com/currency/historical-rates/

  • Exchange Rates Help -

    Thanks Ms. Sue however I just need to know if CAD / USD > 1 is good or bad.

  • Exchange Rates Help -

    What do you think?

    If you want, you can adjust the graph for a longer period than one year.

  • Exchange Rates Help -

    I think that if one Canadian dollar buys more US dollars, Canada has a stronger dollar e.g. - 1.1 CAD/USD. This is represented by an upward slope in the graph. Is this true Ms.Sue?

  • Exchange Rates Help -

    That's right. It's good for Canadians.

  • Exchange Rates Help -

    Ms.Sue, does this make sense?
    The Canadian dollar is strong when its value has increased relative to the U.S. dollar, enabling it to buy more U.S. dollars, which is represented by a positive slope valuing above par.

  • Exchange Rates Help -

    Yes, it makes sense. And you're right.

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