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Canadian Dollar
The official currency of Canada, often symbolized as CAD, which fluctuates in value on the foreign exchange market.
Euro
The Euro is the official currency of 19 out of the 27 European Union countries, known collectively as the Eurozone, and acts as one of the world’s major currencies.
Interest Rate Parity
Interest rate parity is an economic theory that suggests the difference between the interest rates of two countries is equal to the differential between the forward exchange rate and the spot exchange rate of their currencies.
Forward Rate
The predetermined rate at which two parties will exchange currencies on a future date, agreeing upon it in the present.
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