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Road Reporter:
Exchange Rates
If you are traveling between Alaska and Canada,
keep in mind that the Canadian dollar and the American dollar
are separate currencies and the rate of exchange fluctuates
daily.
Although U.S. currency is accepted as payment in Canada,
visitors should exchange their U.S. currency for Canadian
funds at a bank in Canada to receive the best rate of exchange.
In the Yukon, businesses participating in the "Fair Exchange"
program--which promises an exchange rate within a few percentage
points of the banks--post a "Fair Exchange" sign in their
windows .
You can check out current exchange rates on the Internet
at several sites. One such site is Bank of Canada's Exchange
Rates at http://www.bankofcanada.ca/en/exchform.htm.
Another is British Columbia tourism's www.currencyguide.com/exchange.html.
Like the U.S., the money system in Canada is based on dollars
and cents, but Canada also has the "loonie" and the "toonie."
The "loonie" is the Canadian $1 coin, which pictures a loon
on one side. The "toonie" is their $2 coin, which has a picture
of the Queen on the front with a bear on the backside.
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