International Financial Systems

Topic: International Financial Systems

 

The study is aimed at determining the exchange-rate-regime adopted by different countries.The country chosen for the sake of this study is Canada. The exchange rate for the Canadian dollar against the United States dollar ($) is 1.3067. This means that $1 will purchase 1.3067 Canadian dollars. With $ 90000, I will purchase 117,603 Canadian dollars. The Canadian dollar is likely to strengthen against the United States Dollar. The strengthening of the Canadian dollar against the United States dollar will make the imports cheaper hence the Canadians will buy goods at lower prices than what they buying currently. The currency regime adopted by monetary authority in Canada is floating-exchange rate regime (Arora & Jeanne, 2005).

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