Currency Exchange News, Guides and Market Insights

Foreign Exchange Common Questions

What are exchange rates? An exchange rate is the value of one country's currency compared to another. Every country has a currency that holds value and is comparable to others,…

Is Silver a Good Investment?

When people think about an alternative investment to traditional stocks and bonds, they think of gold. Often silver is overlooked when the reality is it holds a lot of value,…

Top 5 Affordable Places To Travel In Europe

After two years of the globe suffering through the pandemic and being unable to travel, this summer, travel restrictions were lifted, and people have been globe-trotting. However, traveling to Europe…

Reasons to buy precious metals

Since the beginning, gold and silver bullion has been a stable form of value throughout history's tumultuous and chaotic times. The most intelligent people in the world own gold and…

International Students Going Back To School

The new school year is just around the corner and getting back into the swing of things can be overwhelming. It is essential to sort out your finances before the…

Where to buy foreign exchange?

Are you planning an international trip but unsure where you need to exchange your money? Nothing is worse than getting hit with hefty exchange fees when you open your credit…

Investing in Gold vs. Silver: Which Is Right for You?

What's all the fuss about investors turning to precious metals like gold and silver? We're not talking about stocks, bonds, or cryptocurrency here. Are you interested in discovering the differences…

A Diversified Portfolio: 8 Intelligent Reasons to Buy Gold

Should you buy gold? Is it a worthwhile investment? You see plenty of television commercials and advertisements to buy gold and own gold. But what intelligent reasons are there to…

7 Reasons You Need to Start Investing in Precious Metals Now

The precious metal market has remained strong, despite global conditions. In fact, it is expected to grow by 9% between 2020 and 2027. Investing in precious metals has always been…

8 Important Reasons to Invest in Precious Metals

Stock markets can fall fast. An investor can spend their whole life working up a safe portfolio and in one day it can all come tumbling down. You might think that…

What Is Currency Risk and Why Is It Important to Manage?

Currency risk is not only a concern for bankers, hedge funds, or currency traders. You might be surprised at how currency fluctuations can impact your business and your investments. Even…

How is the Canadian-American Currency Exchange Rate Determined?

There were several time periods, throughout the 19th century, when the value of the Canadian dollar was fixed in relation to the American dollar. The Bank of Canada was in…

Where can Canadians travel to this Winter?

Canadians looking to travel this winter can rest easy knowing there are destinations not requiring a two-week quarantine when they land. COVID19 is not going away anytime soon, and Canadians…

9 Factors That Influence Currency Exchange Rates

What Is Currency Exchange Rate Currency Exchange Rate is the rate at where one currency can be exchanged for another while impacting the movement and trade of money among different…

How to Make Money Out of Foreign Exchange?

You have probably heard of people making money on the foreign currency exchange market. They invest small amounts and reap significant returns. If you are like many people, you may…

Where Should You Exchange Foreign Currency?

Buying foreign exchange currency is sometimes necessary, especially when traveling or sending money to someone in a different country. If you are traveling, you might use your debit card to…

Best Ways to Send Money Abroad

Finding the best ways to send money abroad may help you periodically like when you travel or influence your daily life if you are a freelancer. Understanding factors like money…

Foreign Currency Exchange Risk Explained

Foreign Exchange Risk Defined A foreign currency exchange risk is the loss that can occur between international financial transactions due to currency fluctuations. This is commonly mentioned as a fx…

Currency Exchange Rates: Read & Calculate Them With Ease

Currency exchange rates are commonplace for travelers, bankers, international investors, and businesses with global trade. For people not involved in these fields, an exchange rate may seem a bit confusing….

How Currency Exchange Rates Work and What Impacts Them

How Do Currency Exchange Rates Work? Currency Exchange rates refer to the worth of your currency when converted to a foreign currency. There is no constant exchange rate due to…

Why Buy Gold In Preparation for an Economic Downturn?

In any economic downturn, investors buy gold. When the stock market starts to fall, or a currency undergoes devaluation, investments in gold almost always start to climb. Why is this,…

Where In Canada Can I Buy US Dollars?

US Dollars is a currency that often stays high in demand. Since the US shares a border with Canada, it is easily accessible, and an uncountable number of people travel…

CanAm Currency Exchange & COVID-19

CanAm Currency Exchange has been closely monitoring COVID-19 developments. Due to this dynamic situation, we are required to adapt our business procedures to protect our clients and employees. The health…

Why Use A Currency Exchange Service?

Benefits of using a Currency Exchange Service: The benefits of using a currency exchange service is really simple: you get more money by saving on fees. This is the essential…

Tips for Canadians Retiring in the US

At some point in our lives, we dream of making the sea-change. Moving from somewhere cold to somewhere warm, from the mountains to the ocean. And for many Canadians, that…

Bank of Canada rate decision in focus for USDCAD traders, with risk aversion flows supporting

Bank of Canada decision at 10amET. No press conference. No change expected with balanced outlook. S&P futures -20. US 10s down 4bp to 2.22%. Global investors fleeing to bonds. USD…

USD trading mixed in quiet start to holiday shortened week

USD Trading Update US traders returning from Memorial Day long weekend devoid of major US/China trade headlines. USDCAD bouncing but trend-line resistance in the 1.3470s capping. EURUSD holding support in…

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