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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.
What accurately explains what an exchange rate of 120 between the Canadian and Japanese yen means?
An exchange rate of 120 between the Canadian dollar (CAD) and the Japanese yen (JPY) means that 1 Canadian dollar is equivalent to 120 Japanese yen. This rate indicates how much yen can be obtained in exchange for one Canadian dollar. A higher exchange rate implies that the Canadian dollar has more value compared to the yen, while a lower rate would suggest the opposite.
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.
Where can one find Canadian dollar exchange rates?
One can find Canadian dollar exchange rates at Bank of Canada, XE, Travelex, Coin Mill, X-Rates, Payza, Paypal, FX-Rate, Bloomberg, Google Finance, Finance Yahoo and many more.
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.
What if the following accurately explains what an exchange rate of 120 between the Canadian dollar in Japanese yen means?
An exchange rate of 120 between the Canadian dollar (CAD) and Japanese yen (JPY) means that 1 Canadian dollar can be exchanged for 120 Japanese yen. This indicates the relative value of the Canadian dollar compared to the Japanese yen; if the CAD strengthens, it will buy more yen, while if it weakens, it will buy fewer yen. Understanding this exchange rate is essential for businesses and individuals engaged in trade or travel between Canada and Japan.
Which currency used in Canada?
A lot of places near the border will accept a U.S. dollar for a Canadian dollar, but that's because the exchange rate is favorable. In general you need to use Canadian currency, which you can easily obtain by exchanging your U.S dollars at any bank in Canada and most in the U.S. You can also use traveler's checks and credit cards at places that accept them, but the fees for the former and sometimes poor exchange rates for the latter may make it more expensive to do so. Typically using a credit card will get you a favorable exchange rate, as the company does it in much larger quantities, reducing the overhead. Most border crossings have an money exchange.
Can you spend a Canadian dollar coin in US?
Yes, you can spend a Canadian dollar coin in the U.S., but it is not widely accepted. Many businesses may refuse to take it, as it is not legal tender in the U.S. If you do manage to use it, it would typically be at the discretion of the vendor. It's generally more practical to exchange Canadian coins for U.S. currency at a bank or currency exchange service.
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.
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.
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.
If the purchasing power of th US dollar is greater than that of the Canadian dollar what can you infer about the relative strength of the two currencies?
If the purchasing power of the US dollar is greater than that of the Canadian dollar, it suggests that the US dollar is stronger relative to the Canadian dollar. This means that one dollar can buy more goods and services in the US compared to what a Canadian dollar can buy in Canada. Consequently, this difference in purchasing power often indicates a higher value of the US dollar in foreign exchange markets. It may also reflect economic factors such as inflation rates, interest rates, and overall economic stability in each country.
