AUD/CAD

AUD/CAD

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AUSTRALIAN DOLLAR / CANADIAN DOLLAR Trading

Trading AUD to CAD is quite popular among traders worldwide. One explanation for its appeal is the ton of knowledge accessible on each country's economic and political aspects, which could all have an effect on the currency pair. As is the case with all currency combinations, there is far more to this correlation than meets the eye.

History of AUD CAD Trading

Prior to the Australian dollar, there was the Australian pound. The nation used sterling for years until the currency was devalued against the US dollar

The country's proximity to Asia has boosted the AUD tremendously because of the trade between the two countries. The AUD's value has risen and fallen in direct proportion to the strength of this relationship. In the 1850s, the Canadian dollar was introduced. The Canadian pound was the original unit of currency, but the structure was altered to better facilitate trade with the United States. Over time, the Canadian dollar has grown in strength considerably, and the economy of the country is now rated as the 9th largest in the world. Wealth and stability have driven much of this growth, along with a thriving industry of exportable goods.

AUD/CAD Forex Chart
Instrument: AUD/CAD
Spread: 2.7
Leverage: 30:1
Margin: 0.25%
Minimum Nominal Trade Size: 1000
Overnight Interest (daily) Sell: -0.0022%
Overnight Interest (daily) Buy: -0.0059%
Trading Hours (GMT): 24/5
MT5 / MT4 Symbol: AUDCAD

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AUD/CAD Trading FAQs

The Australian Dollar is currently the fifth-most-traded currency in world foreign exchange markets. Trading AUD to CAD is quite popular among traders worldwide. One explanation for its appeal is the wealth of information accessible on each country's financial and political aspects, some of which could have an effect on the currency pair.

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