Looking forward to a summer vacation? Our #ForeignExchange team analyzed how the #CAD stacks up against the currencies of top travel destinations over the past decade. Pro trip: They found that Japan is where your money will go further this summer. 🧳
Are you considering a summer vacation abroad? We asked our #foreignexchange team for advice on where to travel this summer based on exchange rates. "The Euro and British Pound are trading right around the ten year average versus the CAD, with the Australian dollar slightly below average. There is however some very significant value for Canadians travelling to Japan right now. The CAD is trading at approximately 120 Japanese yen, which is not only higher than the ten year average - that sits at about 90 - but is also the strongest level since 2007." says Chris Fricke, Managing Director, FX Sales. Our experts can help your business manage risk and find the sunnier skies. For up-to-date analysis on the forces affecting CAD, USD and other foreign currencies, subscribe to Financial Markets Updates: https://lnkd.in/g6diYNqE