Examlex
Please define the following key terms. Show Who? What? Where? When? Why Important?
-Cardinal Richelieu
Canadian Dollar
The Canadian Dollar is the official currency of Canada, symbolized by $ or C$ to distinguish it from other dollar-denominated currencies.
Foreign Exchange Rate Risk
The potential for investors to experience losses due to changes in the exchange rates between currencies.
Spot Rate
The current market price at which a particular asset can be bought or sold for immediate delivery.
Forward Rate
The agreed-upon price for a financial transaction, such as the exchange of currency, to take place at a future date, used to hedge against market volatility.
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