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The value is similar, with the American dollar usually being slightly stronger.

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8y ago

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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.


What currency does Canadian use?

Canadian Dollars. They are not at all the same as American Dollars, they just have a similar name. Funny enough, the Canadian 1-Dollar coin (not a paper bill, but a metal coin) is called a Loonie, because of the loon (a breed of bird) depicted on it. Some have come to call the Canadian Dollar in general the Loonie, like the American Dollar might be called a buck (http://en.wikipedia.org/wiki/Loonie).


Is Canadian currency the same as US currency?

No, Canadian currency is not the same as US currency. The Canadian dollar is the official currency of Canada, while the US dollar is the official currency of the United States.


How much is a Bahamians cent worth?

One cent. The Bahamian dollar is tied to the U.S. dollar so the two always have the same value.


What was the value of a dollar in 1895?

One dollar, the same as today


What is the value of a 2001 Indian head silver dollar?

The 2001 American Buffalo silver dollar was issued as Uncirculated (D mintmark) & Proof (P mintmark). Both have the same current market value of $100.00.


How much does 1 Canadian dollar equal in us dollars?

its the same


Is Canadian money the same as US currency?

No, Canadian money is not the same as US currency. The Canadian dollar is the official currency of Canada, while the US dollar is the official currency of the United States. Both currencies have different exchange rates and values.


Is Canadian money the same as US money?

No, Canadian money is not the same as US money. The currencies of Canada and the United States are different, with the Canadian dollar being the official currency of Canada and the US dollar being the official currency of the United States.


What is the currency of Toronto?

All provinces and territories in Canada use the same currency, the Canadian Dollar.


Are the Canadian and the American currency same?

No, they're a different currency although there's not alot of difference in the actual value at the moment:Canadian $=1.0017 US $


What are the different currencies in the world?

There are many different currencies in the world. Some countries share currencies like the euro and some countries have the same name for the currency but they are not the same currency like American dollar and the Canadian dollar. the most popular currencies are dollar, euro, pound, yen, ruble ect.