Canadians taking a vacation south of the 49th parallel are finding out their lone is worth around 80 cents US at the moment.
Such is life in this world of currency exchange - aka FOREX (Foreign Exchange).
The USD is worth about $1.25 CAD these days and that means that the Yanks can buy 25% more goods North of the border. Great news for the hawks that are looking for deals.
How much is my currency worth relative to another?
How do I know what the purchasing power of my local currency is?
A funny unit of measure is the Big Mac Index… Here's the equivalent price of a Big Mac in Us Dollars around the world.
Such is life in this world of currency exchange - aka FOREX (Foreign Exchange).
The USD is worth about $1.25 CAD these days and that means that the Yanks can buy 25% more goods North of the border. Great news for the hawks that are looking for deals.
How much is my currency worth relative to another?
How do I know what the purchasing power of my local currency is?
A funny unit of measure is the Big Mac Index… Here's the equivalent price of a Big Mac in Us Dollars around the world.
Courtesy of: http://www.stockhouse.com/opinion/independent-reports/2015/02/02/frank-holmes-currency-wars-heat-up-as-central-banks-race-to-cut-rates
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