Alternatively, if the USD/CAD exchange rate is 1.45, this means that $1 U.S. is worth 1.45 Canadian dollars. Divide 1 by 1.45 and you get about 0.69, meaning you'd need $0.69 USD to buy $1 CAD.

To calculate this we use the exchange rate. This tells us how many Euros are equivalent to \(£1\). The exchange rate between currencies changes all the time depending on the financial situations ...

Fluctuations in exchange rates on forex markets are often caused by changes in supply and demand for currencies, typically by companies repatriating their earnings, investors exchanging a ...

Changing global trade patterns affect the outlook for growth and inflation, which in turn can impact exchange rates. Here’s ...

A nation can turn to its foreign exchange reserves in case of emergencies, such as meeting deadlines on overseas debt payments. Foreign exchange reserves are a nation’s holdings of other ...