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The trade-weighted effective exchange rate index is an economic indicator for comparing the exchange rate of a country against those of their major trading partners. By design, movements in the currencies of those trading partners with a greater share in an economy's exports and imports will have a greater effect on the effective exchange rate. [1]
Effective exchange rate
List of countries by exchange rate regime
The effective exchange rate index describes the strength of a currency relative to a basket of other currencies. Although typically the basket is trade weighted, there are others besides the trade-weighted effective exchange rate index . Ho (2012) proposed a new approach to compiling effective exchange rate indices.
Canadian dollar - Wikipedia ... Canadian dollar
A fixed exchange rate, often called a pegged exchange rate, is a type of exchange rate regime in which a currency 's value is fixed or pegged by a monetary authority against the value of another currency, a basket of other currencies, or another measure of value, such as gold. There are benefits and risks to using a fixed exchange rate system.
Foreign exchange market
US$122.9 billion (July 2024) [32][33] All values, unless otherwise stated, are in US dollars. The economy of Canada is a highly developed mixed economy, [34][35][36] with the world's tenth-largest economy as of 2023, and a nominal GDP of approximately US$ 2.117 trillion. [6] Canada is one of the world's largest trading nations, with a highly ...