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The Voyageur Dollar was a coin of Canada struck for circulation in silver from 1935 to 1966, and as a commemorative in 2003. A nickel version was struck from 1968 to 1987. In 1987, the coin was replaced by the loonie. The coin remains legal tender. Production was maintained through 1967 with the exception of the war years between 1939 and 1945.
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8 Apr 2016 Although Vietnam is following a more flexible exchange rate regime, it is financial instruments to minimize risks related to foreign currencies. Floating exchange rates have these main advantages: No need for international management of exchange rates: Unlike fixed exchange rates based on a metallic standard, floating exchange rates don’t require an international manager such as the International Monetary Fund to look over current account imbalances.Under the floating system, if a country has large current account deficits, its Currency fluctuations are a natural outcome of the floating exchange rate system, which is the norm for most major economies. Numerous fundamental and technical factors influence the exchange rate
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Floating rate notes (FRNs) are bonds that have a variable coupon, equal to a money market reference rate, like LIBOR or federal funds rate, plus a quoted spread (also known as quoted margin).The spread is a rate that remains constant. Almost all FRNs have quarterly coupons, i.e. they pay out interest every three months. The advantage of floating-rate bonds, compared to traditional bonds, is that interest rate risk is largely removed from the equation. While an owner of a fixed-rate bond can suffer if prevailing interest rates rise, floating rate notes will pay higher yields if prevailing rates go up. Floating Rate Fund: A floating rate fund is a fund that invests in financial instruments paying a variable or floating interest rate . A floating rate fund invests in bonds and debt instruments
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