The Canadian currency remains strong against the U.S. dollar with the start of the August 24th trading week. As of this morning, the Canadian dollar was worth slightly more than ninety three cents U.S. Inversely, the U.S. dollar is trading at $1.07 CDN this morning.
Its important for Canadian tourism operators to keep on top on the currency fluxuations, particularly for those operating near the U.S. border where some visitors to the area may be paying with U.S. currency. Its also a good business practice for local businesses to offer a fair rate of exchange on U.S. currency. Even for those paying with credit cards, where the exchange rate is factored in automatically, its always good to know the exchange rate in the event they ask.
To keep up on the curency rates, visit www.xe.com.
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