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Moreover, due to the value of the exchange rate, policy makers as well as Bank of Canada closely monitor the exchange rate and even from time to time make an effort to affect it. For example, the Bank of Canada’s selection to raise or decreased desire rates will usually include considerations with regard to the level on the exchange rate.Without
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about US£2 billion[sixty eight] per day This does not contend favorably with any well created foreign exchange market of international reputation, but with the entry of online Foreign Exchange Companies the market is steadily growing. Around 25% of currency transfers/payments in India are made by using non-bank Foreign Exchange Companies.??????? ?