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Exchange rates as global payments are in foreign currency

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Reference no: EM133231251

Forwarding companies keep an eye on exchange rates as global payments are in a foreign currency. As on 13 Sept. 2022, Direct Quote for a USD is CAD 1.3171.

1. Who decides these exchange rates?

2. When CAD depreciates in value, is it favorable to Canadian exporters?

Reference no: EM133231251

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