CanAm Currency Exchange says the current financial market is favoring the USD/CAD and offers expert recommendations on how students can make the most of the current trend.
Windsor,Canada - November 1, 2022 /PressCable/ —
As the USD/CAD pair has been oscillating around 1.3800, the market conditions could drive a bullish run for the greenback and propel it to a two-year high – thus continuing an upward trend that has been welcomed by international students at Canadian universities, announce Windsor, Ontario-based CanAm Currency Exchange.
The pair has reached a tipping point that positions the USD in a prime spot to hit the 1.4000 two-year high, and further reach the May 2020 high of 1.4173.
“The near-term prospects for the USD/CAD seem to be in favor of the greenback,” says CanAm Currency Exchange CEO Michael Piccioni. “The mood has been negative and may continue to get worse, and we know that can be a powerful catalyst for safe-haven currencies like the USD.”
This trend spells good news for international students in Canada, who may see their buying power increase by a small but significant margin.
“We’re not talking record-breaking increases here, but international students are historically at a higher financial pressure in times of uncertainty,” says Piccioni. “Knowing that their finances are backed by a strong, robust currency gives them that extra peace of mind that sometimes makes all the difference.”
Piccioni recommends that students continue to exercise caution in their financial decisions and follow a set of basic principles to keep more money in their pockets.
“It’s always a good idea to monitor rates and buy currency locally, which almost always gives you better rates than your US bank,” Piccioni says. “Many international students are surprised at how much they can save, in the long run, simply by choosing the right currency exchange.”
Charging no transaction fees and offering same-day fund delivery, CanAm Currency Exchange is committed to helping international students make smart financial choices – especially during financially challenging times. “We offer rates that are up to 2.25% better than what banks can do, and that’s simply because of the way we’ve optimized our costs to always put our customers’ needs first.”
“Our team is always ready to work with our clients to create tailored solutions for them and help them meet their objects,” says Piccioni. “International students deserve to be listened to and get financial advice that truly answers their questions. That’s where our team excels and that’s what we keep prioritizing in the future.”
About CanAm Currency Exchange
CanAm Currency exchange is a financial company offering premium financial services, currency exchange, and bullion trading for private and business clients in Canada. The company strives to provide the best rates to meet the needs of international students, cross-border employees, and all other clients.
More information can be found at https://canamcurrencyexchange.com
Contact Info:
Name: Viv
Email: Send Email
Organization: CanAm Currency Exchange
Address: 3234 Dougall Avenue, Windsor, ON N9E 1S6, Canada
Phone: +1-519-915-5151
Website: https://www.canamcurrencyexchange.com
Source: PressCable
Release ID: 89084133
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