Currency Exchange Rates in Canada
The currency system in Canada uses dollars and cents, like the United States. There is, however, a difference in the value of the two
currencies. For a number of years, the United States dollar has been very strong
compared to the Canadian dollar. This gives foreign visitors a most favorable
exchange rate for their currency.
Foreign Exchange Brokers in Canada
It is best to change currency at a recognized financial institution, bank,
trust company or currency exchange house. Stores, hotels, attractions and restaurants
will also exchange currency but the exchange rate will not be as good as a bank
or foreign exchange broker. It is helpful to exchange some of your money prior
to leaving home.
Currency Denominations in Canada
Canada now has one-dollar and two-dollar coins, often referred to as the "loonie"
and the "toonie". Canada also has 1-cent, 5-cent, and 25-cent coins.
The paper money in Canada comes in different colors and designs. The bills in Canada are $5 (blue), $10 (purple), $20 (green), $50 (red), and $100 (brown). You may occasionally still see some old red $2 bills, which remain
valid currency.
Free Online Currency Converter
Calculate your own foreign currency exchange rates with our free online currency converter.
Currency Exchange in Vancouver BC.
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© 2012 Vancouver English Centre
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Last updated on Sep 04/07
at 19:03 PDT
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