Whether you opted for outlet shopping in the Fall, flew to Florida to escape winter, or caught a sports game at stadiums south of the border in spring, we Canadians have made the most of the on-par exchange rate with our American neighbours for years now.
But these days, it’s not just Netflix that’s stronger in the US – it’s the value of their dollar, too. Just as we’d gotten used to the comfort and convenience of being able to flip across the border as needed, we find ourselves once again waiting for the economic tables to turn. But we Canadians are resilient. When we want to travel, we won’t let a bad exchange rate get in the way. We’ll do our research and find the places where the Toonie can still get you your Double Double – or that country’s coffee equivalent. So where in the world will the Canadian dollar go the farthest? Believe it or not there are still many places, but here are my five favourites.
Feb 23, 2016 1 CAD = 11.26 ARS
Feb 23, 2015 1 CAD = 6.92 ARS
From the bustling back streets of Buenos Aires to the icy wilds of Patagonia, Argentina is a traveler’s paradise. Home to steaks that could rival even the finest cuts of Alberta beef and a music scene that keeps the clubs buzzing all night long, Argentina is a sensory experience sure to excite each and every Canadian traveler. Not to mention, as of February 23rd, we hit a 1-year high at 11.26 ARS to every 1 CAD.
Feb 23, 2016 1 CAD = 2.88 BRL
Feb 23, 2015 1 CAD =2.28 BRL
The olympics haven’t even started and already Canada is seeing gold. Fresh off the World Cup, Brazil is offering Canadians a nice discount at 2.88 BRL to the dollar. The country is a hub for history and culture, and not to mention home to a waterfall that makes Niagara look like a small swimming pool. Whether you’re in town this summer for the holy grail of sporting competitions or finally ready to explore the underrated gems in the North, Brazil is undoubtedly a strong choice for your hard earned travel dollars.
Feb 23, 2016 1 CAD = 11.03 ZAR
Feb 23, 2015 1 CAD = 9.24 ZAR
One of the continent’s most iconic countries, South Africa is a superpower offering world-class dining, safari, coastlines, and mountains. Johannesburg has become a hub for international business and a launching point to Kruger. Cape Town is kind of like Calgary, if Calgary had an incredibly beautiful oceanfront with crystal blue waters and jaw-dropping landscapes. Year after year, South Africa continues to “Wow” its visitors, and now it’s time for us Canucks to get in on the action. It certainly helps that we’re almost up a full Toonie in 2016, sitting pretty at 11.03 ZAR to every 1 CAD.
Feb 23, 2016 1 CAD = 3.05 MYR
Feb 23, 2015 1 CAD = 2.89 MYR
For me, Malaysia is the first place that would have me packing my bags. Malaysia has quietly (Ok, not that quietly) been gaining recognition as one of Asia’s must-see destinations for 2016. The country has no shortage of city sites (Petronas Towers in KL and pretty much all of Singapore) but still plenty of beaches, mountains and hillside escapes for a more off-the-beaten-path experiences. Of course, the real shining star may very well be Malaysian cuisine, the beautiful intersection of Chinese and Indian flavor with influence stretching to all of it’s neighbouring countries. I don’t want to make any bold claims, but Malaysian cuisine may very well be the best in the entire world. Good things come in three, and today 1 CAD will get you a clean 3.05 MYR.
Feb 23, 2016 1 CAD = 13.20 MXN
Feb 23, 2015 1 CAD = 11.99 MXN
We Canadians are no strangers to Mexico. Our friends and family have been escaping winter on Westjet flights to Mexico for longer than many of us care to remember. But beyond the beaches and the all-inclusive resorts lies one of the most vibrant countries in all of Central America. Mexico has restored Mayan ruins that are almost inconceivable to the average traveller. Plus, their street food puts all neighboring countries to shame. Could you imagine how many tacos you could get for a toonie? I’m not a gambling man but at 13.20 pesos to the dollar, my money’s on mucho.
Rates as of February 23, 2016 via https://www.bankofcanada.ca/rates/exchange/currency-converter/ Feature image c/o Jose Maria Perez Nunez, Flickr