Canada started producing its own coins in 1859. Before that the nation’s coinage was produced by the Royal Mint in London, England. It was as late as 1989 before the Canadian one dollar coin that we know today (aka a Loonie, named after the Common Loon) was introduced in to circulation.
The Canadian dollar has endured many ups and downs against its cousin the US dollar, but how does it shape up against the rest of the world? If you’re thinking of taking a winter vacation in 2015/16, here’s a list of the top 11 currencies with the best exchange rate against the Canadian dollar:
Top 11 currencies for a vacation in Canada
Sidebar: Exchange rates found using Google Finance on October 23rd, 2015
If you like the look of your currency against the Canadian dollar, save even more in Whistler with our winter accommodation special that ends November 15th: summitlodge.com/specials/
1. Kuwait Dinar
Kuwait is an Arab country on the Persian Gulf. Despite their population being just 1/10th the size of the US (just 3.369 million), the Kuwait Dinar is one of the strongest currencies in the world.
2. Bahraini Denar
Bahrain is a small island country situated near the western shores of the Persian Gulf in Southwest Asia. The largest land mass among the islands is Bahrain Island at just 34 miles long and 11 mines wide.
3. Omani Rial
Oman is an Arab country in the southeastern coast of the Arabian Peninsula. The highest denomination note issued by the bank of Oman is 50 Oman Rial, which is around $180 Canadian Dollars.
4. Latvian Lat
Latvia (officially called the Republic of Latvia) is a country in the Baltic region of Northern Europe. It is bordered by Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast.
5. Falkland Islands Pound
The Falkland Islands are an archipelago in the South Atlantic Ocean. The principal islands are about 300 miles east of the Patagonian coast, and the currency is pegged to the Great British Pound. The Falklands have internal self-governance, and the United Kingdom takes responsibility for their defence and foreign affairs.
6. British Pound
Known as Pound Sterling and most commonly known as just the “Pound”, the Great British Pound is the officially currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.
7. Jordanian Dinar
Jordan is an Arab nation on the east bank of the Jordan River. It is home to the famed archaeological site of Petra, the Nabatean capital dating to around 300 B.C.E.
8. Cayman Islands Dollar
The Cayman Islands, a British Overseas Territory, encompasses 3 islands in the western Caribbean Sea. Over 92 different nationalities are represented in Cayman. The majority of the population is Caymanian, Jamaican, British, American, Canadian, Philippine, Brazilian and South African.
The Euro is the official currency of the euro zone, which consists of 19 of the 28 member states of the European Union: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.
10. US Dollar
The United States Dollar is the currency most used in international transactions and is the world’s most dominant reserve currency. According to the U.S. Bureau of Engraving and Printing (or the BEP), the typical life span of a $1 bill is only 22 months and a $10 bill, only 18 months.
The Australian dollar is the currency of the Commonwealth of Australia, including Christmas Island, Cocos (Keeling) Islands, and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru and Tuvalu. As of 2011, the Australian dollar is the 5th most traded currency in the world, accounting for 7.6% daily traded currency.