Foreign Exchange Rates by Misayo Sato https://padlet.com/misayo_310/foreign_exchange_rates en-us 2018-10-26 03:55:52 UTC 2025-10-28 09:59:50 UTC hello@padlet.com What are exchange rates? misayo_310 https://padlet.com/misayo_310/foreign_exchange_rates/wish/297257476 by Misayo Sato]]> 2018-10-26 04:02:06 UTC https://padlet.com/misayo_310/foreign_exchange_rates/wish/297257476 Welcome to my board! misayo_310 https://padlet.com/misayo_310/foreign_exchange_rates/wish/297257766 I love traveling over the world and always wonder what exchange rates are. Why are some expensive and some are not? So, I picked the topic and made this board. I hope this will help you (and me) understand basic ideas of exchange rates. 

This board will answer mainly these 3 questions:

  1. How do foreign exchange rates work?
  2. How has the Canadian dollar rate been for the last few years? 
  3. Is Forex a good way to invest?
]]> 2018-10-26 04:05:05 UTC https://padlet.com/misayo_310/foreign_exchange_rates/wish/297257766 Exchange Rates and What Affects Them - Website #1 misayo_310 https://padlet.com/misayo_310/foreign_exchange_rates/wish/297259361 Basically, currency rates work in the same way as the supply and demand curve as we have learned in the class. When there is a lot of demand for a currency, the currency rate goes up. When there is too much supply of the currency, the rate goes down. However, there are many factors that affect rates. For examples:
  • The interest rate paid by the country’s central bank
  • How much money the central bank prints
  • The country’s economy growth

https://www.thebalance.com/how-do-exchange-rates-work-3306084 By Amadeo, K. (2018)
]]> 2018-10-26 04:20:10 UTC https://padlet.com/misayo_310/foreign_exchange_rates/wish/297259361 Oil prices are high. So why is the Canadian dollar still so low? - Website #2 misayo_310 https://padlet.com/misayo_310/foreign_exchange_rates/wish/297260016 After a crash in the value of Canadian oil in 2014, the value has gone back up. However, the Canadian dollar against the U.S. dollar is still low. This is not happening only in Canada, but also other big oil exporters such as Russia and Norway. Some of the reasons the oil price increased are: 
  • A shortage of crude oil supply in Canada
  • The U.S. president threatened countries that import oil from Iran
In addition, one of the reasons the Canadian dollar is low is that Trump’s stance on the trade war helps to increase the U.S. currency, while harms other currencies.

https://globalnews.ca/news/4302375/canadian-dollar-oil-prices-trump-trade-war/ by Alini, E. (2018)
]]> 2018-10-26 04:28:42 UTC https://padlet.com/misayo_310/foreign_exchange_rates/wish/297260016 How Does Foreign Exchange Trading Work? - Website #3 misayo_310 https://padlet.com/misayo_310/foreign_exchange_rates/wish/297260075 Forex trading still sounds sketchy for me. Especially "leverage" sounds like just gambling. It is true that majority of new traders quit Forex trading after losing money and they may feel scammed. 

As many articles say, if you try to make living by Forex trading, you have to make a great effort to learn the system. It is the same as working. 

Now I am curious to try a forex trading demo to see how it works.

https://www.thebalance.com/how-does-foreign-exchange-trading-work-1345162
by Russell, J. (2017)
]]> 2018-10-26 04:29:37 UTC https://padlet.com/misayo_310/foreign_exchange_rates/wish/297260075 Who are traders? - Extra Video misayo_310 https://padlet.com/misayo_310/foreign_exchange_rates/wish/297611454 I did not think everybody is a part of what causes currencies to swing by daily activities such as grocery shopping!

https://youtu.be/IYdt-16FoC4 by SmithBusinessSchool (2015)]]> 2018-10-27 04:21:57 UTC https://padlet.com/misayo_310/foreign_exchange_rates/wish/297611454 Imports, Exports, and Exchange Rates - Video #1 (Especially after 5:25) misayo_310 https://padlet.com/misayo_310/foreign_exchange_rates/wish/297612623 While many countries have flexible exchange rates, others have fixed exchange rates. Flexible exchange rates are not intervened or regulated actively by the governments or the central banks.

The Chinese government is now shifting from a fixed to flexible exchange rate. However, the government still intervenes in the exchange rate by buying the U.S. dollars to keep the Chinese Yuan depreciated artificially. So then, they can export their products with cheaper prices to the U.S.

https://youtu.be/geoe-6NBy10 by CrashCourse (2015)]]> 2018-10-27 04:54:06 UTC https://padlet.com/misayo_310/foreign_exchange_rates/wish/297612623 What’s the deal with the Canada-U.S. exchange rate? - Image #2 misayo_310 https://padlet.com/misayo_310/foreign_exchange_rates/wish/297614758 The rate has been declining since the summer in 2014, when the oil price started going down.

Today, Oct 29 in 2018, 1 Canadian dollar is valued at 76 U.S. cent.

https://www.moneysense.ca/spend/shopping/whats-the-deal-with-the-canada-u-s-exchange-rate/ by Rothery, N. (2016)

]]> 2018-10-27 05:56:58 UTC https://padlet.com/misayo_310/foreign_exchange_rates/wish/297614758 Advantages and Disadvantages of Fixed and Floating exchange rate - Image #1 misayo_310 https://padlet.com/misayo_310/foreign_exchange_rates/wish/297615061 Most of the fixed exchange rates are pegged to a popular currency such as the U.S. dollar. As a result, one of the biggest advantages for small economy countries is when the U.S. economy grows, the economies of the countries which are pegged to the U.S. dollar grows as well. One of the disadvantages is that it costs a lot to manage to fix the currency rates.

https://www.slideshare.net/ecbarr/singapore-foreign-exchange-policy by Barr, E. & Purvis, D
]]> 2018-10-27 06:05:06 UTC https://padlet.com/misayo_310/foreign_exchange_rates/wish/297615061 Forex for beginners - Video #3 misayo_310 https://padlet.com/misayo_310/foreign_exchange_rates/wish/297616432 Advertisements always sound very attractive. By following this video which introduces the Forex market, making a good economy forecast is one way to earn profit by  Forex trading. I assume that economists should be able to make good profit by the market, as they have excellent knowledge and they follow up on the movement of economies. I have not heard of any economists that made a lot of money, though. 

https://youtu.be/SDMPrsx0XLs by FBS - Global Leader in Forex Market (2018)
]]> 2018-10-27 06:37:07 UTC https://padlet.com/misayo_310/foreign_exchange_rates/wish/297616432 Graph of the forex market - Image #3 misayo_310 https://padlet.com/misayo_310/foreign_exchange_rates/wish/297616757 This graph illustrates that the Forex market had been growing in the period between 2007 and 2010. In addition, more than one-third of the trading was performed in the U.K. in 2010. The biggest currency pair was USD and Euro, which had 28% of share in the market.

http://www.forexreviewarchive.com/what-is-forex-market/ by FOREX REVIE ARCHIVE (2018)
]]> 2018-10-27 06:44:13 UTC https://padlet.com/misayo_310/foreign_exchange_rates/wish/297616757 Canadian dollar drops to lowest level since 2004 - Video #2 misayo_310 https://padlet.com/misayo_310/foreign_exchange_rates/wish/297875898 I have looked up so many videos to find one that explains what is going on with the Canadian dollar for the last few years. However, no one really explains clearly enough for economics beginners. Then, I figured out that it must be difficult to explain the rate movement, since there are a number of factors that can affect the rate, for instance NAFTA, each of Trump’s comments on Twitter, the cost of oil, American and Canadian interest rates, the economy, etc.

What I can say now is that the low currency rate does not always mean a bad situation. It is good for Canadian exporters such as agricultural products.

http://www.cbc.ca/player/play/2672338578/ by CBC News (2015)
]]> 2018-10-29 04:59:40 UTC https://padlet.com/misayo_310/foreign_exchange_rates/wish/297875898 The Final Post misayo_310 https://padlet.com/misayo_310/foreign_exchange_rates/wish/298302309
  • What most surprised me was daily activities, such as buying imported products affect currency rates. Before starting this research, I did not have great ideas about foreign currency rates, and I was thinking maybe some super smart or rich people trade currencies and control the market. Now I know there are so many factors that can change currency rates.
  • Since the Canadian dollar rate against the U.S. dollar is one of the biggest topics for the Canadian economy, you should keep an eye on the prices of American products. As the author of the article “What’s the deal with the Canada-U.S. exchange rate?” mentions the price of a bunch of celery bumped up from $3.99 to $6.99 in January 2016. Groceries from the USA such as fresh vegetable, fresh fruit and non-alcohol beverages can be affected a lot by the currency rates. 
  • I found the connection between the value of oil and the Canadian dollar most interesting. Most of the time, when the Canadian dollar appreciates, the value of oil also goes up. However, there has been a different pattern since 2013, even the price of oil increased, the loonie has been remained low because of other factors. I think following this pattern helps me keep interested in the global news, since current events such as NAFTA, the interest of Bank of Canada, the trade war between the U.S. and the world affect the pattern significantly.

    • ]]>     2018-10-29 23:37:54 UTC https://padlet.com/misayo_310/foreign_exchange_rates/wish/298302309