US DOLLAR / CANADIAN DOLLAR Trading
The USD/CAD is the abbreviation for the US dollar versus the Canadian dollar currency pair. The USD/CAD pair tells the reader how many CAD needed to purchase 1 USD. The USD/CAD pair is amongst popular currencies pairs to trade in the foreign exchange market.
History of USD CAD Trading
The USD dates back to 1792, when the US dollar was created by the United States Congress as the official country’s currency. It serves as legal tender in many countries and it is the world’s unofficial reserve currency.
The Canadian dollar began in the early 1850s with its departure from the colonial pound and transitioned to a decimalised Canadian dollar. It is usually referred to as the Loonie. The Canadian dollar used to be pegged to the USD but since 1970, it has been a free floating currency controlled by the Bank of Canada.
|USD/CAD Forex Chart|
|Minimum Nominal Trade Size: 1000|
|Overnight Interest (daily) Sell: -2.37%|
|Overnight Interest (daily) Buy: -3.01%|
|Trading Hours (GMT): 24/5|
|MT5 / MT4 Symbol: USDCAD|
Increase your ability
to profit in
all market conditions
Leverage options up to 20:1
Control, Functionality and deep liquidity
Full Market depth & see your orders in the queue
MT4, MT5, Webtrader & Iress with
superior client portal
Award winning support &
personal account managers
Low margins and competitive commission
+10,000 products on global stocks
across 4 continents
On long positions
No ownership of physical
Podając swój adres e-mail, wyrażasz zgodę na politykę prywatności FP Markets i otrzymujesz przyszłe materiały marketingowe od FP Markets. W każdej chwili możesz zrezygnować z subskrypcji.
Source - cache | Page ID - 5700