EUR/CAD

Euro (EUR) till Kanadensisk dollar (CAD) växlingskurs.

Product Type: Currencies	Market: Global
Trading Hours: 24 hours, Mon-Fri.

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Beskrivning:

EUR/CAD represents the exchange rate of two of the top-ten global currencies – the euro and the Canadian dollar. The figure represents the number of dollars a trader needs to purchase one euro. Canada, a leading exporter of oil and gas products, is the world’s number one producer of natural uranium, and the second largest producer of hydroelectricity and other renewable energy sources. The Canadian economy, which is considered the 15th most competitive, according to the World Economic Forum (WEF), relies heavily on international trade, and has had a major impact on world trade over the past two decades. Similarly, the euro, which came into existence precisely a year before the turn of the millennium, has quickly grown to become the unquestionable runner-up reserve currency to the US dollar, and is held and used daily by more than two thirds of EU citizens.

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EURCAD Marknadssentiment

EURCAD Chart

Interesting Facts:

Both euro and Canadian dollar are Majors. They are also the 2nd and 5th most held reserve currencies in the world – accounting for roughly 14% and 2% of all global reserves.
Canada has the world's 9th largest economy, based on gross domestic product (GDP) and the 14th largest, based on purchasing power parity (PPP). It is also the 5th largest energy producer, the 7th largest producer of crude oil, and is considered to be one of the richest countries in the world.
The Canadian dollar (known colloquially as "loonie") is particularly popular among some of the world's top-ranking banks which choose it because of Canada's relative economic soundness, strong governmental system, political and legal stability.
70% of Canadian exports of goods and services are to the US market. While exports to the US still account for the vast majority of the country’s exports, this share has fallen considerably in recent years from more than 80% in 2000. Its other major markets are Asia, Europe and Latin America.

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Riskvarning och ansvarsfriskrivningskontrakt för skillnader (CFD:er)

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk. The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk. The information on this site is not directed at residents of the United States, Belgium or France or and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Be aware, as a retail client you can lose all, but not more than the balance of your trading account due to Fortrade’s negative balance protection.

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