Question

Over the NEXT 6 months, the Canadian dollar will do this ( Relative to the US dollar ) :

It will fall slowly relative to the US dollar

It will stay the same as the US dollar

It will rise slowly relative to the US dollar

It will plummet relative to the US dollar

It will soar relative to the US dollar

Answer 1

Solution:-It will rise slowly relative to the US dollar

Explaination:-Over the next 6 months, the Canadian dollar will rise slowly relative to the US dollar why because following last 12 months improvent value in canadian dollar forecasting that the exchange rate for the
Canadian Dollar will be roughly 1.29 Canadian Dollars to the USD.The Canadian Dollar exchange rate for December, 2017 averaged 1.28 CAD to USD. That's 0.1 basis points higher than the November, 2017 rate of 1.28, and 6 basis points lower than the December, 2016 rate of 1.33.