according to the above graph, if u.s. citizens flock to canada for summer vacations and buy more canadian goods because of hot weather in the united states, then the: g according to the above graph, if u.s. citizens flock to canada for summer vacations and buy more canadian goods because of hot weather in the united states, then the: supply curve will decrease. demand curve will decrease. price of u.s. dollars in canadian dollars will fall. price of u.s. dollars in canadian dollars will rise.

The exchange rate, the demand for Canadian goods abroad, interest rates in Canada and other nations, and the anticipated future exchange rate are all factors affecting the demand for Canadian dollars in the foreign currency market.

What factors affect the availability of Canadian dollars on the currency exchange market?

The demand for Canadian dollars in the foreign exchange market is influenced by a number of factors, including the exchange rate, the demand for Canadian goods abroad, interest rates in Canada and other nations, and the anticipated future exchange rate.

Exports To Other Countries Are More Affordable.Countries that send goods to Canada benefit from a decline in the value of the Canadian dollar.

They will pay less than they did previously because of the decreased exchange rates.A soft peg is the name for a currency strategy in which the government typically lets the market determine the exchange rate, but in some circumstances, particularly if the rate appears to be going quickly in one way, the central bank will intervene in the market.

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