Any pointers welcome, I'm moving from Canada to Europe and would appreciate any helpful feedback on the following. Currently one canadian dollar (CAD, loonie) trades at 0.69 Euro (EUR). How and why will the excange rate change in the near future, say next 6 months? The discussions I've found focus the strenghth of the EUR vs. USD and the rise of the CAD vs. USD on commodity prices, but how does the balance between the CAD and EUR play out?
2006-07-23 11:47:01 · 3 answers · asked by NachtVorst 1 in Business & Finance ➔ Other - Business & Finance
I disagree that the CAD is linked closely to the price of oil, as the previous answerer suggests.
I do not think that the exchange rate between the CAD and EUR will fluctuate much over the next year, unless there are some huge political changes that no one can predict.
Hope this helps
2006-07-24 08:03:06 · answer #1 · answered by ps2754 5 · 0⤊ 0⤋
No one really knows for sure where exchange rates are going but the CAD is positively correlated to the price of oil so I guess I would watch that for an indication.
2006-07-23 12:34:20 · answer #2 · answered by The Time 2 · 0⤊ 0⤋
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2016-12-14 12:26:29 · answer #3 · answered by ? 4 · 0⤊ 0⤋