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Exchange rate (Taux de change)

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Exchange rate (Taux de change)
The exchange rate is a rate at which nations' currencies are exchanged, that is, the price of one currency in terms of another. A large number of countries now use the American dollar as the standard against which to measure the value of their own currency. As the great majority of Canada's international trade and financial transactions are with the US, the value of the Canadian dollar in relation to the US dollar is of prime importance to Canada.
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