USD To CAD

Everyone is confused about the fact that when should they convert their USD to CAD . Canadian Dollar is losing constantly and since the beginning of March Canadian Dollar has lost around 10% of its value against the US Dollar. So it is looking like the conversion of USD to CAD is no good for normal people. The answer to the question of converting USD to CAD depends on the fact that when the funds are needed to you. Reviewing different reasons due to which the FX market is in turmoil may be a good step before deciding to convert your USD to CAD . The Canadian Dollar started under the pressure initially from the beginning of the year. Rallies were expected to follow the signing of US-China and USMCA trade agreements. This signing-off agreement did not occur due to an outbreak of coronavirus inChina. This prevented the growth of China's economy which gave rise to the fear of global economic slowdown. The fear grew more when the covid-19 outbreak occurred around the globe. Another...

  Canadians exchange billions of dollars of USD to CAD every day.   These transactions range from the very small to the very large and serve every purpose imaginable.   The economies of Canada and the US are highly integrated but we have different currencies so no wonder the volume and need for such transactions is so high.   Whether you are paying an American supplier, or receiving payment from American clients, or making large investments in the US, or just picking up some cash for a weekend south of the border, you are part of the USD to CAD market.     Converting USD to CAD (or vice versa) is very common for Canadian individuals and businesses.   These transactions all have one thing in common; the exchange rate on the USD to CAD conversion matters a lot because it determines how much Canadian dollars you will receive for your US dollars.   Exchange rates are determined by a myriad of factors and are always moving.   You can...