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Actually, as of today (October 8, 2012) the Canadian dollar is worth more! The Canadian dollar is worth about $1.02 U.S. 1 U.S. dollar is only worth 98 Canadian cents.
There are many reasons why the relative values of currencies change.
- One reason is speculation by currency market traders.
- Another is interest rates (Although they haven't changed much recently, I find this fairly easy to understand). If interest rates are higher in Canada, then people in the U.S. will want to invest their money in Canada. To do this, they will need Canadian dollars, and since more people will be wanting to buy Canadian dollars, they will become more expensive.
- A similar argument can apply to real estate. If people in the U.S. feel that Canadian real estate is more likely to increase in value than U.S. American real estate, they would want to invest in Canada ... resulting in 'upward pressure' on the Canadian dollar.
Wiki User
∙ 11y ago
Wiki User
∙ 10y agoThere are many reasons, but two are that it is less used in international trade and the US dollar has more of a backing to it.
Wiki User
∙ 10y ago.82 American dollars is equivalent to 1 Canadian dollar, if that is what you are looking for.
Wiki User
∙ 12y ago$1 in us dollars
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When was the last time the canadian dollar was worth more than the american dollar?
Right now! At the time of writing (May 3rd 2012) 1 Canadian dollar is worth 1.01 US dollar.
How much more is the Canadian dollar worth than the Mexican peso?
It always changes. Go to xe.com
How much is canada money worth?
That depends on which currency you wish to compare. On March 7, 2012 the Canadian dollar is worth slightly more than the US dollar. $1.00 Canadian is worth $1.0007 US dollars.
Why is the Candian dollar worth more than the US dollar?
mostly because of our resourses, there is a high demand for our minerals and oil, whichcan be bought in CDN $, which would be converted from the euro creating a rise in demand and in value
Is Australian money worth more than Canadian money?
All international exchange rates fluctuate, but at the present time (September 4, 2012) the Canadian dollar is worth ninety nine Australian cents. So yes, the Australian dollar is worth slightly more.
Is the American dollar worth more then a Europe dollar?
There is no such thing as the "Europe dollar". No way, especially at this time when even Canadian money is worth more than American. As of now, about one American dollar is equal to 0.6938 Euro's. Xo, Smartiiz.
Why is the Canadian five dollar billworth more than the value of ink and paper?
That's not always true. The value of each depends on the exchange rates between the two countries. Sometimes the Canadian dollar is worth more than the American dollar and sometimes the opposite, depending on economic conditions.
Value of Canadian dollar bills?
The Canadian dollar is, on average, although it fluctuates, worth one cent less than the American Dollar. So 2.00CD is 1.98USD
A higher currency makes a country's exports more expensive?
It has to do with exchange rates. Consider the US and Canada. If one US dollar is worth $1.50 Canadian, then US dollars buy 50% more Canadian products than an equal number of Canadian dollars would. But if the value of the Canadian dollar rises, so that it is worth the same as an American dollar, then American dollars buy only the same amount of Canadian products as an equal number of Canadian dollars.
Value of 2 dollar canadian bill?
The Canadian dollar is, on average, although it fluctuates, worth one cent less than the American Dollar. So 2.00CD is 1.98USD
Canadian 2 dollar bill value?
The Canadian dollar is, on average, although it fluctuates, worth one cent less than the American Dollar. So 2.00CD is 1.98USD
Does Canadian money have more value than US money?
Canadian money actually has less value than the United States dollar. A United States dollar in Canada is worth about $1.11 in Canadian money as of September 15, 2014. This rate of exchange does not stay a constant value.
