Examlex
A TFSA and a Term Deposit are essentially the same thing.
Spot Rate
The current market price of a currency, commodity, or security for immediate delivery and payment.
Swiss Francs
The legal currency of Switzerland, known for its stability and used as a benchmark or safe-haven currency in international finance.
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.
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