The best time for an American to buy a piece of machinery manufactured in Canada is March(3/13) and the reason is explained below .
In the question ,
a graph representing the Canadian dollar with respect to US dollar is given .
we have to found the best time to buy machinery built in Canada .
(i) We know that the best time to buy an imported machinery manufactured in Canada, is when we can buy most Canadian dollars for US dollars.
(ii) When trying to make a purchase from another currency, we must consider; Value of your currency against the foreign currency and chances of the future change in exchange rate.
So , from the graph we conclude that ; "best time for American to buy a piece of machinery manufactured in Canada" is (03/13) that is march 2013 .
Therefore , the best time to buy is March 2013 , (3/13) .
The given question is incomplete , the complete question is
According to the graph (given below) , when would have been the best time for an American to buy a piece of machinery manufactured in Canada? Explain your answer in at least two complete sentences.
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