As the current market conditions are favoring the USD, CanAm Currency Exchange gives you the best rates on USD & CAD currency trades!
If you're an international student in Canada, there's good financial news for you!
As the USD/CAD pair has been oscillating around 1.3800, the market conditions could drive a bullish run for the greenback and propel it to a two-year high - thus continuing an upward trend that has been welcomed by international students at Canadian universities, according to Windsor, Ontario-based CanAm Currency Exchange.
The pair has reached a tipping point that positions the USD in a prime spot to hit the 1.4000 two-year high, and further reach the May 2020 high of 1.4173.
“The near-term prospects for the USD/CAD seem to be in favor of the greenback,” says CanAm Currency Exchange CEO Michael Piccioni. “The mood has been negative and may continue to get worse, and we know that can be a powerful catalyst for safe-haven currencies like the USD.”
This means that if you're an international student in Canada, you may see your buying power increase by a small but significant margin.
“We’re not talking record-breaking increases here, but international students are historically at a higher financial pressure in times of uncertainty,” says Piccioni. “Knowing that their finances are backed by a strong, robust currency gives them that extra peace of mind that sometimes makes all the difference.”
Piccioni recommends that you continue to exercise caution in your financial decisions and follow a set of basic principles to keep more money in your pocket.
“It’s always a good idea to monitor rates and buy currency locally, which almost always gives you better rates than your US bank,” Piccioni says. “Many international students are surprised at how much they can save, in the long run, simply by choosing the right currency exchange.”
Charging no transaction fees and offering same-day fund delivery, CanAm Currency Exchange is committed to helping international students make smart financial choices - especially during financially challenging times. “We offer rates that are up to 2.25% better than what banks can do, and that’s simply because of the way we’ve optimized our costs to always put our customers’ needs first.”
“Our team is always ready to work with our clients to create tailored solutions for them and help them meet their objects,” says Piccioni. “International students deserve to be listened to and get financial advice that truly answers their questions. That’s where our team excels and that’s what we keep prioritizing in the future.”
Here's why CanAm Currency is your top choice for USD-CAD currency exchange:
Go to https://canamcurrencyexchange.com to learn more!
