It’s weaker than let’s say Pound Sterling or the Euro for example. But, does a weak CAD affect international travel towards Canadian travelers? Since they’ll be paying more whilst abroad requiring CAD in higher amounts to exchange for larger sums of cash (like if 1000€ = C$1617 that alone is a steep hike while C$1000 = 618€ see the difference?). Also, when you travel: do you bring CAD or exchange for USD first prior due to that having a better exchange rate?

  • Troy@lemmy.ca
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    11 days ago

    Exchange rates vary. Cost of living varies. Purchasing power parity varies. Travel one year, and it’s cheap, and the next it’s expensive. Pick destinations accordingly.

    (I recommend Chile).