The Canadian dollar (symbol: $; code: CAD) (French: Dollar canadien) is the currency of Canada. It is abbreviated with the dollar sign $, or sometimes Can$ or C$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.Read more »
I think it does the opposite. Strong dollar mean you need to spend more your local currency to buy it. Let say yesterday to buy 1$ you had to spent 90 unit of your local currency, today $ is stronger so you need 100 unit. Now there is apple in us cost 1$, yesterday you buy it with 90 unit of your currency and today you buy it will cost 100 unit. So you will prefer to spend 90 unit and buy your local apple instead of ameican apple. Hope that make sensen.Read more »
Which is better: a higher or lower exchange rate between 2 currencies (e.g. 1$ to 40₱ or 1$ to 50₱), and why?
Nice question. Actually it is depend on who is asking and what the financial target. A. If you ask Personally: If you want $ and you have P, the rate of $/P smaller make you happier because you can exchange more $ with your P. If you want P and you have $, the rate of $/P smaller make you un-happier because you cannt exchange more $ with your P. B. If you are Business owner: If you are a company director, and you want to sell your product to USA country, Incase you can sell immediately, you will then […]Read more »