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How much more is the Canadian dollar right now than the American dollar?
Wiki User
∙ 13y ago
As far as I can find, here is a little history of the US/ Canadian exchange rate. In 1949, the US sterling silver dollar was devalued and Canada followed, returning to a peg of 1.1 Canadian dollars = 1 U.S. dollar. However, Canada allowed its dollar to float in 1950, only returning to a fixed exchange rate in 1962. The exchange rate started low from 1950 through 1952. Then from 1961 thuough 1971, 1974 through some of 1975 and 1976 through the mid 2007.
Wiki User
∙ 14y ago
Wiki User
∙ 11y agoJanuary 24th, 2013
The Canadian dollar is currently on-par with the American currency, both having an equal value of $1.00.
The Canadian dollar has been fluctuating in value ever since the late 1970's, leaving the dollar at a then average of $0.80 cents. The value began to fall again a few years later, and by 1989 the value of the dollar was at an all-time low of $0.70.
The rate of the dollar began to rise significantly in the early 1990's, and had a high of around $0.90 cents in the year 1993. This, unfortunately, did not last, and by the late 1990's to early 2000's the dollar fell to an all-time low of $0.63 cents in value. Beginning late 2003 to early 2004 the value of the dollar began to rise at an even more significant rate than previously seen in the earlier crash, resulting in an eventual high of $1.03 by early 2007. The CAD currency maintained an average of $1.00 until late 2008 to early 2009, which is when the most recent (although relatively minor) crash occurred, leaving the dollar at an average value of $0.80 US cents. The value of the dollar began to rise once again, and by late 2010 to early 2011, the value was once again at an average of $1.00 US dollars. Between 2011 and 2012, the dollar has been averaging at $1.00, having only a few minor drops and increases between the value of $0.95 and $1.10. The current value, as of January 2013, has been sitting on a consistent average of $1.00. However, analysts have predicted that Canada's economic recovery will lose steam in 2013, possibly reducing the dollars value in the near future. This is purely speculation, and is based mostly on the 'Idle No More' protesters, which have been said to be a threat on the Canadian economy, due to transit and government service interruptions.
Wiki User
∙ 12y agoCurrently, yes. The exchange rate is:
1 US Dollar = 1.02 Canadian Dollar
as of December 3, 2011.
Wiki User
∙ 12y agoCurrently, no. A US dollar is currently worth 1.02 Canadian dollars.
Wiki User
∙ 14y agoYes. Currently the Canadian dollar is worth $1.04570.
The answer may fluctuate plus or minus at any time, so it's best to keep checking the conversion rates daily.
Wiki User
∙ 7y agoAs of June 2016, the American dollar is stronger.
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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.
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.
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.
Is Canadian government more liberal than the American?
The most left wing American party is more right winged than the most conservative Canadian political party.
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
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.
Why does the us dollar worth more than the Canadian dollar?
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.
How can the economic effects of tourism be lessened?
One way is to increase the value of your countries currency. Tourists are attracted to a country in which their money has more value; shun a country where their currency has less value. Twice in Canadian history the value of the Canadain dollar has exceeded the value of the American dollar. In both instances immediate steps were taken to devalue the Canadian dollar by the Canadian government.
What is the unit of money for Canada?
Canada's unit of money is the Canadian dollar (CAD). The sign is $. Visit the related links for more information.
Which is worth more the Saudi Arabia Riyal or the Canadian Dollar?
of course Canadian dollar is worth more as Saudi riyal can only bee use in Saudi Arabia but Canadian dollar is world wide i remember i has Jordanian dinars which worth more thanksaudi riyal i couldn't sell it in Dubai Arab money are useless
Where can one exchange Canadian dollar to US dollar?
To exchange Canadian dollars to US dollars, log on to CoinMill, where you can convert your Canadian dollars to US and many more countries you would like to exchange.
If the American dollar is devalued are American goods cheaper for individuals holding the dollar?
No, more expensive.
