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CADARS

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--%
1d
1w
1m

Analysis and statistics

  • Open
    1059.0396$
  • Previous Close
    1064.3211$
  • 52 Week Change
    --
  • Day Range
    -5.28$
  • 52 Week High/Low
    --
  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

The symbol CADARS.FOREX most likely refers to the Canadian Dollar to Argentine Peso (CAD/ARS) currency pair in the foreign exchange (forex) market. Forex symbols typically follow a three-letter ISO 4217 currency code convention, where CAD represents the Canadian Dollar and ARS represents the Argentine Peso. The ".FOREX" suffix indicates that the data or platform the symbol is used on specifically deals with forex trading. This pairing reflects the exchange rate between these two currencies, showing how many Argentine Pesos are needed to purchase one Canadian Dollar. Trading in this pair might involve significant risks and lower liquidity compared to more commonly traded currency pairs like EUR/USD or USD/JPY.

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Factors

Please provide at least 3 factors. Interest Rate Differential: The difference in interest rates between Canada and Argentina heavily influences the exchange rate. Higher Canadian rates tend to strengthen the CAD.

Commodity Prices: Canada's economy is strongly tied to commodity exports. Rising prices of oil, lumber, and other resources typically boost the CAD.

Argentine Economic Instability: Argentina has a history of economic volatility. Political and economic crises can weaken the ARS, making CAD/ARS fluctuate.

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