Saturday, April 16, 2011
Most countries of the world as of present consider United States dollar as the prime variable when it comes to foreign exchange rates and when it comes to measuring their currency’s competitiveness against the current global market.
For the past many years, the Canadian dollar has been competitive with its US counterpart. Since they are just a border difference from the United States, most of their transactions are done with the United States, and they therefore do their utmost to keep it that way. However, the Canadian dollar has begun to decline as of late, unlike during those times of the Civil War wherein Canadian dollar increased as much as $1.45 versus the former. Canadian dollar to US dollar exchange rate changes from time to time.
The dynamics of a currency are influenced by numerous factors such as labor productivity of a country as a whole, the stability of the prices of primary commodities or goods, the percentage of investments coming from both outside and inside the country and even actions from direct government officials. However, unfortunate issues such as Quebec remaining as a portion of the Canadian Federation can potentially pull down its value. Furthermore, the majority of Asian countries have been greatly affected by global recession making them uncertain market for Canada. This means that exports can gradually slow down and will affect the way investors and businessmen see the development of the currency. Because of this unstable situation, businessmen are considering the thought of gradually pulling out their stocks and investments and shift it to the United States just to be on the safe side of the market.
As of present, Canadian dollar is still keeping a firm stance against United States dollar but with the current condition of the economy, it may not stay that way for long. And there are no signs that the situation will become better anytime soon. Same thing applies when it comes to euro to Canadian dollar.
Labels: Forex
Friday, October 29, 2010
Lottery is definitely not a thing in the past and that's the reason for last night's long queues in the lotto booth. Though I try my luck from time to time I am not solely depending on it to get rich.
FYI: Current jackpot prize for the Grand Lotto is Php 272,438,161.20 (roughly $6 486 622.89)!

Luck may not be always on your side so don't rely on it alone. Why don't you invest in the stock market and be a millionaire someday? Manage your own finances. Achieve your goals. Realized your dreams. You can do it by being a smart investor.
Interested?
You can get started here: Invest Now, Be A Multimillionaire in the Next 10-20 Years
Labels: Forex, Personal Finance Management
Saturday, September 19, 2009
Rupiah Halal, thanks for this comment which sounds like the undying love quote:
Roses are red violet are blue may the happiness upon both of you. Secret of long lasting relationship is to give more not to get more.
Rich in Forex Blog has nothing more on it yet so it have nothing more to say as well. Hehe. So here, let me just share some information about FOREX.
The foreign exchange market (currency, forex, or FX) trades currencies. It lets banks and other institutions easily buy and sell currencies.
The purpose of the foreign exchange market is to help international trade and investment. A foreign exchange market helps businesses convert one currency to another. For example, it permits a U.S. business to import European goods and pay Euros, even though the business's income is in U.S. dollars.
- Wikipedia
Hmmm, makes me think. Shall I invest in the Foreign Exchange Market?
Roses are red violet are blue may the happiness upon both of you. Secret of long lasting relationship is to give more not to get more.
Rich in Forex Blog has nothing more on it yet so it have nothing more to say as well. Hehe. So here, let me just share some information about FOREX.
The foreign exchange market (currency, forex, or FX) trades currencies. It lets banks and other institutions easily buy and sell currencies.
The purpose of the foreign exchange market is to help international trade and investment. A foreign exchange market helps businesses convert one currency to another. For example, it permits a U.S. business to import European goods and pay Euros, even though the business's income is in U.S. dollars.
- Wikipedia
Hmmm, makes me think. Shall I invest in the Foreign Exchange Market?
Labels: Forex, Website Review
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