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The graph below shows the value of the US dollar versus the Canadian dollar. A graph titled Value of U S Dollar versus Canadian Dollar has month on the x-axis, from October 2012 to March 2013, and Canadian Dollars per U S Dollar on the y-axis, from 0.96 to 1.04. A line is drawn to connect the points on the graph. The line is at the lowest point in October, and it is the highest in March. For the time period shown, the value of the US dollar was generally rising against the Canadian dollar. falling against the Canadian dollar. more than twice that of the Canadian dollar. about half that of the Canadian dollar.

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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.

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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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