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?

  • Peppycito@sh.itjust.works
    510·
    17 days ago

    Nobody wants Canadian money outside of Canada. It means nothing to anyone but us. A US dollar on the other hand is instantly recognizable anywhere and the value is understood. A Canadian bill would be a curiosity.

    • LoveCanada@lemmy.ca
      2·
      17 days ago

      For a short time the CAD was worth MORE than the USD in exchange, going up to 1.05, and while travelling in the US at that time, we couldn’t convince anyone to take CAD even on par. They just wouldn’t believe that CAD was worth more.

    • alsimoneau@lemmy.ca
      1·
      17 days ago

      Nobody wants a us bill outside of the us (with some exceptions)

      Every place use their local currency. We’re talking about exchange rates here.

      • Peppycito@sh.itjust.works
        1·
        17 days ago

        Also, when you travel: do you bring CAD or exchange for USD first prior due to that having a better exchange rare?

        Tell that to OP