There are plenty of good sites that show current and past spot rates of exchange. One excellent

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There are plenty of good sites that show current and past spot rates of exchange. One excellent site is the Pacific Exchange Rate Service of Sauder School of Business, University of British Columbia, which can be accessed at fx.sauder.ubc.ca. Forward rates are less easy to come by, but the Pacific Exchange Rate Service site shows daily forward rates for the Canadian and U.S. dollars. Can you deduce from these whether the interest rate is higher in Canada than in the United States?

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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Fundamentals of Corporate Finance

ISBN: 978-1259024962

6th Canadian edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim

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