Examlex
The first step in design thinking is visualizing and brainstorming potential solutions in collaboration with others.
Canadian Dollars
The currency of Canada, symbolized as CAD, and used throughout the country.
Exchange Rate
In international finance, the rate at which one currency can be traded for another. Spot rates are available for current trades. Forward rates are available for currency to be delivered in a specified period of time.
Spot Exchange Rate
The current exchange rate at which a foreign currency can be bought or sold for immediate delivery.
Forward Exchange Rate
The forward exchange rate is the agreed-upon exchange rate for a currency pair to be traded on a future date, used to hedge against currency risk.
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