Wednesday, January 13, 2010

Canadian Dollar vs. 6 Currencies

Canadian Dollar vs. 6 Currencies
Against U.S. Dollar: Up 11.88%
Against Euro: Up 5.52%
Against British Pound: Up 8.80%
Against Japanese Yen: Up 7.79%
Against South Korean Won: Up 7.75%
Against Mexican Peso:
Up 12.86% The Canadian Dollar is up over 5% in value over each of these major currencies; that’s a pretty rapid ascent in the last few months. Again, note that other than the Mexican Peso, the Canadian Dollar has gained more from the U.S. Dollar than it has from any other currency. From the statistics gathered in this article, it’s clear that the huge jump in the Canadian Dollar relative to the American Dollar over the last six months is due to both the Canadian Dollar appreciating on world foreign exchange markets and the U.S. Dollar falling in value.

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