Revolut has become a popular digital banking app worldwide, offering features like international money transfers, budgeting tools, and multi-currency accounts. But if you’re Canadian, you might be wondering: Does Revolut work in Canada? The answer isn’t as straightforward as you might think. In this blog post, we’ll clarify Revolut’s availability for Canadians, correct some common […]
Revolut has become a popular digital banking app worldwide, offering features like international money transfers, budgeting tools, and multi-currency accounts. But if you’re Canadian, you might be wondering: Does Revolut work in Canada? The answer isn’t as straightforward as you might think. In this blog post, we’ll clarify Revolut’s availability for Canadians, correct some common […]
Knowing how to cash a bank draft in Canada is vital for business owners and service providers. Sometimes the client could suggest using this payment method instead of a money order or a cheque. The process of cashing a bank draft in Canada is somewhat similar to that of cheques. Once you receive the payment […]
An important consideration to make before investing in foreign currency is the interest rate differential (IRD). IRD is the difference in interest rates of two assets or the change in interest rates between two countries’ currencies. Foreign exchange traders use IRD to predict the exchange rates of foreign currencies. If a particular currency’s value rises […]
As inflation and the value of big commodities continue to change, they affect the value of the Euro compared to the Canadian dollar. Today, the value of 1 Euro is equivalent to 1.31 Canadian Dollar. However, the exchange rate is dynamic and can change anytime. The Euro is a stronger currency because of political stability […]
You’ve probably come across the term currency depreciation and have wondered, “What is currency depreciation?” Currency depreciation is a decline in the value of a particular currency against another. For that reason, you can also call it currency devaluation. Currencies that depreciate use a floating exchange rate system that sets a currency’s value based on […]
When there is dollar devaluation, the currency declines in value compared to another country’s currency. The Canadian dollar can depreciate due to unfavourable economic conditions like changes in interest rates. As a result, exchange rates are affected. Although countries maintain and grow their economy to ensure the steadiness of the currency, other factors can cause […]
Investing in currency tools in the forex market is an excellent way to diversify a portfolio and earn money every second. Many currencies get traded in the forex market 24 hours a day. It makes foreign currencies the most reliable investment tool in the forex market. If you’ve ever traded stocks or mutual funds, you’ll […]
Buying foreign properties is a perfect way to diversify your real estate investments but can be a complex process. If you want to join the list of successful foreign real estate investors, you need to understand all the factors affecting your return on investment abroad. As a foreign real estate investor, you have to be […]
One of the common terms you will come across as you do or study forex exchange is currency hedging. So let’s first start here. What do you know about forex trading? In simpler terms, forex exchange is the process of changing a currency for another. People trade in the forex market for various reasons. However, […]
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