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CADKRW

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1d
1w
1m

Analysis and statistics

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About

CADKRW.FOREX represents the exchange rate between the Canadian dollar (CAD) and the South Korean won (KRW) in the foreign exchange market (FOREX). This financial instrument indicates how many South Korean won are needed to purchase one Canadian dollar. Fluctuations in the CADKRW rate are influenced by a variety of factors including economic indicators in both Canada and South Korea (like GDP, inflation, and unemployment), interest rate differentials set by their respective central banks, global economic events, and geopolitical risks. Traders and investors use this rate to speculate on currency movements, hedge currency risk, and facilitate international trade and investment between the two countries.

Factors

Canadian Dollar (CAD) and South Korean Won (KRW) exchange rates are influenced by several factors: Interest Rates: Higher Canadian interest rates attract foreign investment, increasing CAD demand and value.

Economic Growth: Stronger Canadian economic data boosts CAD, while robust South Korean data supports KRW.

Commodity Prices: As a commodity-exporting nation, CAD is sensitive to oil prices. Higher oil prices tend to strengthen CAD.

Geopolitical Risks: Global uncertainties can impact risk sentiment, affecting demand for both currencies as safe havens.

Inflation Rates: Differing inflation rates impact relative purchasing power and currency values.

Trade Balance: Trade surpluses tend to strengthen a currency, influencing CAD and KRW depending on each country's trade performance.

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