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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.
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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 exchange rate between the U.S. dollar and the Canadian dollar is 11.3 which is true?
If the exchange rate between the U.S. dollar (USD) and the Canadian dollar (CAD) is 11.3, it means that 1 U.S. dollar is equivalent to 11.3 Canadian dollars. This indicates a strong U.S. dollar compared to the Canadian dollar. Consequently, it would be more expensive for Canadians to purchase U.S. goods and services. This rate suggests significant economic differences between the two countries.
