Category: News

UK Pound Sterling

Want to exchange the Great Britain Pound in Toronto? Taheri Exchange can convert the British currency, also known as “sterling”, with GBP exchange rates you will be happy with. Whether you want to buy British pounds or sell British pounds, we are more than happy to help you.

Euro

Want to buy Euro currency in Toronto? Want to sell Euro currency in Toronto? Taheri Exchange has the Euro exchange rates that you want. We can convert Euro money. The Euro is the common currency used in several states of the European Union.

US Dollar in December 2013

The USD/CAD has been trading in a range since 2010. Currently, the Canadian dollar is at the higher end of that range. In fact, the USD/CAD exchange rate has not been this high in over three years. The price of the US dollar in December 2013 reached so high that, aside from a blip in April 2010, it has not been at these levels since January 2010. Furthermore, it got here after having traded for an entire week, on a lower level, in the tightest range since 2004.  The Euro currency unit and the Great Britain Pound are also up since November. The GBP is actually up against the USD on a 2 year high and against the CAD on a 4 year high. Interestingly, the GBP/CAD appears to have been trading in a range since 2009 and appears to be in the higher end of that range. Which brings us back to the USD/CAD being at the higher end of its range. Although, it is safer to bet on ranges being observed rather than broken, it must be noted that any range can technically be broken at any time. Pardon the pun.

Canadian Currency Trading in Tight Ranges

This week, the Canadian Dollar has been trading in the tightest ranges since 2004. After the government of the USA shutdown ended, there has been little movement in the currency markets. The foreign exchange investors had hold their funds longer than they had planned for resulting in additional interest costs on the sources of finance.