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Sagot :
Answer:
The most favorable exchange rates for an American were in March 2013. A US dollar could purchase the most Canadian dollars in March 2013.
Explanation:
In March 2013, $1 could buy around $1.03 Canadian dollars.
Looking at the graph, the best time to make a purchase is in March 2013.
What is exchange rate?
Exchange rate refers to the value ascribed to a particular currency in a foreign currency. Usually, currency exchange rates are not static but depend on many factors.
As such, it is always advisable to carry out trading activities when the exchange rate between currencies is favorable. Looking at the graph, the best time to make a purchase is in March 2013.
Learn more about exchange rate: https://brainly.com/question/13684639
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