In October 2012, 1 US dollar buy about 0.98 Canadian dollars. The exchange rate unchanged from Dec. 2012 to Jan. 2013, and the US dollar grew to Canadian $ from Jan. to Mar. 2013.
An exchange rate is the rate at which one currency is exchanged for another in the financial world.
National currencies are the most prevalent, although they can also be sub-national.
In October 2012, there was about 0.98 Canadian dollars of buying one US dollar, and from Dec. 2012 to Jan. 2013, the exchange rate remains unchanged.
In 2013, There was the increment in the US to the Canadian dollar from Jan. to Mar. 2013.
Therefore, exchange rate is the rate in which one currency changed with the another currency.
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Answer:
In October 2012, 1 US dollar buy about 0.98 Canadian dollars. The exchange rate unchanged from Dec. 2012 to Jan. 2013, and the US dollar grew to Canadian $ from Jan. to Mar. 2013.
