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The exchange rate is the value of a currency from one country to than convert to another countries currency. In this Padlet you can learn all about what the exchange rate and is and how it is done. helpful information when traveling and or converting different currency.

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1. What did you learn about your topic that surprised you the most?The thing i learned about my topic that surprised me the most was the exchange rate in some counties doesn't change daily like most do. I thought they would all change frequently, but turns out not all do.
2. Provide a real-life example of how this topic is relevant or interesting
for you.
This topic was most interesting to me because i travel a lot with my family, most of my family live in the US, and the exchange rate right now blows my mind because of the amount I pay in Canadian in return for so little in American. When I last traveled to the States i had $300 Canadian to exchange and i got back $230.
3. If you could pass on your knowledge to a family member or friend, what
do you think is the most important thing to pass on?
The most important pass on this topic would be to calculate the exchange rate before you travel, some places rates or so expensive compared to Canada, so maybe think about exploring your own country because traveling else where.

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I chose this photo because it shows how much each countries rates are in comparison to Canada in 2020. every country and its currency is so different. Its cool to see how our rates change and this is a great example of it.

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This is the formula on how to do the rate exchange. for this example it is the USD to EUR. A simple conversion and something everyone should learn to do when traveling. you may not have google to search the conversion when out of country so this would come in handy.

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How & Why Oil Impacts The Canadian Dollar (video #2)

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How & Why Oil Impacts The Canadian Dollar (video #2)

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This YouTube video is sort ans sweet what it comes to explain the way Canada's exchange rate is effected by the oil we produce for the rest of the world, mostly the United States. It explains that we are the number 1 import to the U.S with our oil.
I enjoyed this video because it explained the concept in a way a lot of people could understand. something i found different  about this video is that is that it explained how countries bid for our oil, up bidding each other to get more and more, and that is why the prices go up and down and when it does it affects the exchange rates.

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How & Why Oil Impacts The Canadian Dollar 🛢️

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Imports, Exports, and Exchange Rates(video#1)

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Imports, Exports, and Exchange Rates(video#1)

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The exchange rate is well explained in this video, to sum it up, this YouTube video explains how the exchange works and why so many things are made from out of Canada/USA. Workers in other countries have different pay than we do, therefore it makes it cheaper to produce so many products in places like china. It talks about imports and exports with other countries, and also explains the World Trade Organization.  One example that stood out to me was the topic of TVs, a Canadian/American made TV would cost around $700 to buy, but since the china made TV was produced cheaper, it would only cost about $500. people are more likely to chose to save the $200 over a Canadian/American  made TV.
This video was different then others because it went into detail because specific things that everyone can relate to,while also explaining important thing that everyone should have some knowledge on. I chose it because everything made scene to me but if it didn't, they went into more detail to make it simple.

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Imports, Exports, and Exchange Rates: Crash Course Economics #15

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Exchange Rates and What Affects Them (website#2)

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Exchange Rates and What Affects Them (website#2)

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This website is an overview on how exchange rates work, An exchange rate is how much a  country buys another countries currency for. it explains that some country rates change daily but some keep a fixed rate all the time.

The way a country works is how it will affect a country exchange rate and currency.
I chose this this website because it is a helpful way to learn how the exchange rate works and the way countries are all different when it comes to currency and rates. i thought this website would be easy for everyone to read and understand better because it simplify  it so people can understand what rates are in an easier way.

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Exchange rates tell you how much your currency is worth in a foreign currency. Think of it as the price being charged to purchase that currency. Foreign exchange traders decide the exchange rate for most currencies. They trade the currencies 24 hours a day, seven days a week. This market trades $5.3 trillion a day.

You must plan for exchange rate values when you travel overseas. When the U.S. dollar is strong, you can buy more foreign currency and enjoy a more affordable trip. If the U.S. dollar is weak, your trip will cost more because you can't buy as much foreign currency. Since the exchange rate varies, you might find the cost of your trip has changed since you started planning it. It's one of the ways ​ exchange rates affect your personal finances.

You can Google the U.S. dollar to foreign currency exchange rate to get today's rate. It also shows a chart revealing whether the dollar is strengthening or weakening. If it's strengthening, you can wait until right before your trip to buy your currency. Check to see if your credit card company charges conversion fees. If not, then using your credit card overseas will get you the cheapest exchange rate. If the dollar is weakening, you might want to buy the foreign currency now rather than waiting until you travel.

Banks charge a higher exchange rate, but it might be cheaper than what you'll pay in the future. Here are the recent changes in the euro to dollar exchange rate.

Other currencies, like the Saudi Arabian riyal, rarely change. That's because those countries use fixed exchange rates that only change when the government says so. These rates are usually pegged to the U.S. dollar. Their central banks have enough money in their foreign currency reserves to control how much their currency is worth. To keep the exchange rate fixed, the central bank holds U.S. dollars. If the value of the local currency falls, the bank sells its dollars for local currency. That reduces the supply in the marketplace, boosting its currency's value.

It also increases the supply of dollars, sending its value down. If demand for its currency rises, it does the opposite.

The Chinese yuan used to be a fixed currency. Now the government is slowly transitioning to a flexible exchange rate. That means it changes less frequently than a flexible exchange rate, but more frequently than a fixed exchange rate. Here is the most recent yuan to dollar conversion rate.

The demand for a country's currency depends on what is happening in that country. First, the interest rate paid by a country's central bank is a big factor. The higher interest rate makes that currency more valuable. Investors will exchange their currency for the higher-paying one. They then save it in that country's bank to receive the higher interest rate.

Second, is the money supply that's created by the country's central bank. If the government prints too much currency, then there's too much of it chasing too few goods. Currency holders will bid up the prices of goods and services. That creates inflation. If way too much money is printed, it causes hyperinflation. That usually only happens when a country must pay off war debts. It's the most extreme type of inflation.

Some cash holders will invest overseas, where there isn't inflation. But they'll find that there isn't as much demand for their currency since there's so much of it. That's why inflation will push the value of a currency down.

Third, a country's economic growth and financial stability impact its exchange rates. If the country has a strong, growing economy, then investors will buy its goods and services. They'll need more of its currency to do so. If the financial stability looks bad, they will be less willing to invest in that country. They want to be sure they will get paid back if they hold government bonds in that currency.

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Exchange rates tell you how much your currency is worth in a foreign currency. Think of it as the price being charged to purchase that currency. Foreign exchange traders decide the exchange rate for most currencies. They trade the currencies 24 hours a day, seven days a week.

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the bank of Canada website has a wide verity of information when it comes to exchange rates. It shows what the Canadian dollar exchange rates are daily, monthly and annually.it also has an exchange converter to show how much each countries dollar converts to Canadian, which is super helpful when you are planning to travel on a budget.
Something i found interesting about this website was, it has a exchange rate RSS feed you can subscribe to, to get daily information and updates about the exchange rates. i chose this website due to its amount of information in one website.

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All Bank of Canada exchange rates are indicative rates only, obtained from averages of aggregated price quotes from financial institutions. For details, please read our full Terms and Conditions.

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All Bank of Canada exchange rates are indicative rates only, obtained from averages of aggregated price quotes from financial institutions. For details, please read our full Terms and Conditions.

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Canadian dollar weakens as global fears grow about economic impact of corona virus (website #3)

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Canadian dollar weakens as global fears grow about economic impact of corona virus (website #3)

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This articular is all about how this Covid-19 is effecting our dollar. in summary, our dollar is weakening because no one is spending, less investors throughout the country because of the scare from the corona virus. Interest rates are lowering in order to help Canadians through this time.  Canadian currency hit its a nine month low. The price of oil is now 1.9% lower at $45.90 a barrel.
I chose to use this website/articular because in the times we are in right now, our currency is lowering and its scary for everyone in Canada, and everyone around the world really.  I found that the whole articular was useful and i learned a lot about how this virus is effecting Canada.

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The Canadian dollar weakened against its U.S. counterpart on Thursday as investors grew more concerned about the economic impact of the coronavirus and the Bank of Canada left the door open to further interest rate cuts to cushion the blow.

At 3:54 p.m. (2054 GMT), the Canadian dollar was trading 0.2% lower at 1.3415 to the greenback, or 74.54 U.S. cents. The currency, which last Friday hit a nine-month low at 1.3465, traded in a range of 1.3383 to 1.3439.

The Canadian economy's resilience could be "seriously tested" by the coronavirus outbreak, depending on its severity and duration, Bank of Canada Governor Stephen Poloz said. On Wednesday, the central bank slashed its key interest rate by half a percentage point and said it was prepared to cut further if needed to help tackle the effects of the virus.

Money markets are expecting a further rate cut by June when Poloz is due to step down. It would leave the governor setting interest rates near historic lows to support the broader economy at the risk of stoking higher prices in a housing market that is heating up. That was also the situation he faced when his term began seven years ago.

"Looks like CAD might continue to weaken as long as bond yields continue to collapse," said Michael Goshko, corporate risk manager at Western Union Business Solutions.

U.S. Treasuries rallied as the market weighed the implications of increasing coronavirus quarantines on the global economy, while Canada's 10-year yield tumbled nearly 17 basis points to hit a record low at about 0.850%.

Canada runs a current account deficit and is a major exporter of commodities, including oil, so a downdraft for the global economy could hurt.

Stocks tumbled globally and the price of oil settled 1.9% lower at $45.90 a barrel.

Canada's jobs report for February is due on Friday.
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Canadian dollar weakens as global fears grow about economic impact of coronavirus

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The Canadian dollar weakened against its U.S. counterpart on Thursday as investors grew more concerned about the economic impact of the coronavirus and the Bank of Canada left the door open to further interest rate cuts to cushion the blow. At 3:54 p.m.

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Main Factors that Influence Exchange Rates (video #3)

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Main Factors that Influence Exchange Rates (video #3)

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This video is all about the main factors that influence the exchange rate. Those are; differentials in infatuation, differentials in interest rates,  current account deficits, public debt, terms of trade, political stability and economic performance.
I chose this video because it packs a lot of information into a short time, making it easy for someone to learn from, a video does not have to be long to get a point across. Everything in this video gave me a better understanding about how the exchange rate works. The one thing that stood out to me was the way he explained differentials in inflation, with the balloons made it easy to follow along.

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Main Factors that Influence Exchange Rates