AUDCAD is an exchange rate that specifies how many CAD (Canadian Dollar) can be converted into one AUD (Australian Dollar), therefore the base currency is AUD and the price currency is CAD. If this rate declines, it means that CAD appreciates relative to AUD and if this rate increases it means that the CAD depreciates against the AUD. There are many macroeconomic factors/events (fundamentals) that affect AUDCAD exchange rate, which are usually common in both countries. Some of the most notable factors/events are GDP, Inflation or Consumer Price Index (CPI), Interest Rates and other monetary policies applied by central banks. The exchange rate reached the lowest value of 0.7584 in October of 2008 and the highest of 1.0696 in February of 2012. Regarding the trade relationship between Australia and Canada, the latter imports 0.74% of Australia's total exports, whereas Australia imports 0.38% of Canada's total exports. The largest components of Australia's exports are ores slag and ash whereas Canada's largest export components are Vehicles other than railway, tramway. Any significant shifts in the trade relationship between the two regions and changes in the values of the aforementioned components are some of the factors that could have a material impact on the pair.
The Financial Products offered by the company include Contracts for Difference ('CFDs') and other complex financial products. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because it is possible to lose all of your invested capital. You should never invest money that you cannot afford to lose. Before trading in the complex financial products offered, please ensure to understand the risks involved.
You are granted limited non-exclusive non-transferable rights to use the IP provided on this website for personal and non-commercial purposes in relation to the services offered on the Website only.