Expert, money saving updates, forecasts & tips on the CAD exchange

Canadian Dollar Update, February 8, 2022 – Canadian Dollar Directionless

USD/CAD Open: 1.2692-96,  Overnight Range: 1.2666-1.2705,  Previous Close: 1.2666 WTI Oil is at $89.25 and gold is at $1,828.10. US markets are higher today. For today, USD resistance is at...

February 2022: FX Outlook

Economic Outlook and Summary The outlook for global interest rates and the equity market reaction to tighter policy will drive US dollar direction.  Two of the “Big Three” central banks...

Canadian Dollar Update, February 7, 2022 – Canadian Dollar Struggling for Direction

USD/CAD Open: 1.2733-37,  Overnight Range: 1.2711-1.2755,  Previous Close: 1.2765 WTI Oil is at $91.31 and gold is at $1,819.40. US markets are lower today. For today, USD resistance is at...

Canadian Dollar Update, February 4, 2022 – Canadian Dollar Ignores Oil Price Surge

USD/CAD Open: 1.2722-26,  Overnight Range: 1.2665-1.2732,  Previous Close: 1.2675 WTI Oil is at $91.93 and gold is at $1,808.80. US markets are mixed today. For today, USD resistance is at...

Canadian Dollar Update, February 3, 2022 – Canadian Dollar Trading Sideways

USD/CAD Open: 1.2711-15,  Overnight Range: 1.2672-1.2710,  Previous Close: 1.2669 WTI Oil is at $88.65 and gold is at $1,806.50. US markets are lower today. For today, USD resistance is at...

How are Train Station Exchange Rates Determined?

If you ever need to exchange money while travelling on a train, you should know how the train station exchange rate is determined.   There are many stores, supermarkets, and...

What is a Currency Exchange Chart?

Traders use a currency conversion chart to analyze how a currency pair moves over a set period. Due to random events, market prices keep changing and knowing the trends helps...

Commercial Bank Exchange Rates

When you plan to exchange your currency in banks, you first need to know the current commercial bank exchange rate. Banks usually offer different exchange rates, which means your bank’s...

What is Currency Depreciation and How Does It Affect Foreign Exchange Rates

You’ve probably come across the term currency depreciation and have wondered, “What is currency depreciation?” Currency depreciation is a decline in the value of a particular currency against another. For...

Everything You Need to Know About Airport Exchange Rates

Travelling can be exciting, but you should first learn about the airport exchange rates. Doing so saves you from carrying large sums of money, which can be insecure, and paying...