International Exchange Rates.

Today, the Canadian dollar has a value of 0.9895 versus 1 US dollar. There is only a slight movement of this value for the first quarter of the year, which means that the Canadian economy is pretty stable as compared to that of the United States. Although the value of the Canadian dollar against the US dollar is usually the measurement used in the Canadian foreign exchange market, there is still the international exchange rate to be considered.

Here are some of the currency types which the Canadian dollar should be measured up against: the Australian dollar, Brazilian real, British pound, Euro, Hong Kong dollar, Indian rupee, Japanese yen, Mexican peso, Singapore dollar, Swiss Franc and the Taiwan dollar. Now, if you are participating in Canadian foreign exchange trading, you should be familiar with the international exchange rates to have a basic idea of how to trade currencies.

In addition, you should also be aware of the factors which affect the way that the Canadian dollar measures up against other currencies in the international exchange rates market. The factors which will negatively affect the strength of the Canadian dollar include a rise in unemployment, fall in exports, fall in interest rates, natural disasters, terrorism trends and political tension. On the other hand, fall in unemployment, a rise in exports, GDP and interest rates are the factors which will improve the strength of the Canadian dollar versus other currencies in the international exchange rates market. To sum it all up, economic growth will result to an upward trend in the value of the Canadian dollar against other currencies.