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Why is the Canadian Dollar crap for international travel? (piefed.social)
submitted 7 months ago by to c/canada@lemmy.ca
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[–] -5 points 7 months ago (4 children)

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.

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  • [–] 2 points 7 months 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.

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  • [–] 1 point 7 months ago (2 children)

    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.

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