CanAm Currency Blog, Market Insights and Currency Exchange News

The role of gold and silver in portfolio diversification

The role of gold and silver in portfolio diversification

When it comes to investing, diversification is key. Having a variety of assets in your portfolio can help spread risk and potentially increase returns. One way to diversify your portfolio…
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How to Store Precious Metals?

How to Store Precious Metals?

Investing in precious metals like gold and silver bullion is a popular strategy for diversifying one's portfolio and protecting against inflation and market volatility. However, buying and storing physical bullion…
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How Much Gold Should You Own?

How Much Gold Should You Own?

Gold has long been viewed as a safeguard against economic instability due to its lack of correlation with many other assets. Its value typically rises when stock and bond markets…
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How Exchange Rates Affect Inflation

How Exchange Rates Affect Inflation

A drop in the exchange rate between Canada and the United States has added to the inflation challenges Canadians are currently facing. When the U.S. dollar (USD) value rises against…
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How to Invest in Gold

How to Invest in Gold

Purchasing gold, especially in times when inflation or other economic conditions are volatile, is often recommended by financial professionals. Many veteran Canadian investors may seek to expand their gold holdings,…
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Foreign Exchange Common Questions

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,…
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Is Silver a Good Investment?

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,…
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Top 5 Affordable Places To Travel In Europe

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…
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Reasons to buy precious metals

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…
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International Students Going Back To School

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…
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Where to buy foreign exchange?

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

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…
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A Diversified Portfolio: 8 Intelligent Reasons to Buy Gold

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…
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7 Reasons You Need to Start Investing in Precious Metals Now

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…
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8 Important Reasons to Invest in Precious Metals

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

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…
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How is the Canadian-American Currency Exchange Rate Determined?

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…
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Where can Canadians travel to this Winter?

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…
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9 Factors That Influence Currency Exchange Rates

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…
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How to Make Money Out of Foreign Exchange?

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…
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Where Should You Exchange Foreign Currency?

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…
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Best Ways to Send Money Abroad

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…
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Foreign Currency Exchange Risk Explained

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…
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Currency Exchange Rates: Read & Calculate Them With Ease

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….
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How Currency Exchange Rates Work and What Impacts Them

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…
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Why Buy Gold In Preparation for an Economic Downturn?

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,…
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Where In Canada Can I Buy US Dollars?

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…
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