Profits are gained and lost on the foreign exchange, or ‘Forex’, market due to fluctuations in the exchange rate. This quick tutorial on exchange rates will help you do just that.
First, let us look at the simplest definition of an exchange rate. An exchange rate is the value of one currency in relation to another. If one U.S. dollar is worth $1.20 Canadian, then the exchange rate is 1:1.2, or 1.2 for the CAD/USD currency pair.
This type of exchange rate, although it allowed for minor fluctuation, was considered a "fixed exchange rate".
Fluctuating exchange rates are governed by the market forces of supply and demand. If the demand for a currency exceeds the supply, then the exchange rate (and value) of that currency will rise.
Likewise, if the supply of a currency exceeds market demand, then the value of that currency (and its exchange rate) will drop.
The market forces which previously gave the dollar its strength — such as oil exports and oil transaction denominated in U.S. dollars - have eroded. Thus, we not only find the exchange rate of the dollar weakened, but also the exchange rates of many of our closest trading partners.
If you would like a real world exchange rate tutorial, I recommend opening a demo trading account with an online broker.
What Will The Amero Currency Exchange Rate Be?
Executive Summary about canadian exchange rate By Steve K Smith and Scott Smithh
The exchange rate for the Amero currency are the wild card for the introduction of a new Amero dollar. If the US dollar continues to collapse as liquidity is pumped into the markets, Americans will welcome a new Amero. Well for a long time Canadians have suffered from a dollar that was worth 60% to 75% of what the US dollar was worth. For many years Canadians had only dreamed of a dollar that was par and if you asked most Canadians if they would like there dollar to be pegged at par with the US dollar they would say, "yes". Of course the solution to a par dollar will be the Amero currency. Amero Exchange Rate Estimate
$1 Amero= $1 USD
$1 Amero= $1 CND
$1 Amero= 10 Mexican Peso’s
Check out other guide on Exchange Currency