1 Canadian Dollar equals to 0.74 US Dollar Ana Peláez-Acevedo and Freissy Sanchez

Currency put into circulation (HISTORY) The first ever paper money issued in Canada denominated in dollars were British Army notes, issued between 1813 and 1815 in denominations between $1 and $400. These were emergency issues due to the War of 1812. The first banknotes were issued in 1817 by the Montreal Bank. All current notes are issued by the Bank of Canada, which released its first series of notes in the year of 1935. In 1990, total currency in circulation in the world passed one trillion USD. After 12 years, in 2002 this figure was two trillion USD, and in 2008 it had increased to four trillion USD. The canadian coins have the face of monarchs that had appeared on every Canadian coin produced by the Mint since 1908.

Currency Timeline Include 4-5 different images of your foreign currency that have been used across time.

Bill from 1939-50, appearance of King George VI Bill includes a French and English text on the same note.

1950-62 Bank of Canada, $10, 1954 series This was the first note series to feature Canadian landscapes. These notes were simpler in design and more modern in style.

1962-70 The dollar was from the same modelled from the dollar of the 1954 issue, but now with special features such as the stylized maple leaf and the dates 1867– 1967

June 1970- present : Multicolors series with face of the queen and portrays of Canadian prime ministers.

Fluctuations in the Exchange Rate [Can/USD] YEAR AVERAGE RATE 2007 0.935147 2008 0.944173 2009 0.880059 2010 0.970701 2011 1.011464 2012 1.000230 2013 0.971164 2014 0.905912 2015 0.782992 2016 0.755107 2017 0.749552 [Average rate of 0.809202] The lower the loonie, the imported goods are more costly for businesses and consumers. Fluctuations in the Exchange Rate [Can/USD] Average 0.809202

Fun Facts The currencies of 1 Canadian dollar are nicknamed loonies, from the name of the aquatic bird appearing on the reverse. Also, this name is often used referred to the monetary unit, in general. The 2-dollar coins, featuring a polar bear are called twonies or toonies, based on the the word loonie and the word two. Canadian dollar remains at number six in terms of the most held currency reserves in the world. The Royal Canadian Mint [Crown Corporation responsible for the minting and distribution of Canada's circulation coins], produced the world's first 10-kg 99.999% Pure Gold Coin.

When completing this project, we learned how money exchange rate gets affected throughout the time. Money appearance keeps changing as time progresses, for the better. The research that was needed for this project, gave us the knowledge on the economic problems faced outside of the U.S., like the problem of the loonie worth getting weaker by the years.

Price in CANADIAN currency Item Price in U.S Dollars Price in CANADIAN currency 2017 Ford Mustang ﹩25,185 33867.53 House (2-floor) ﹩253K 340221.75 Vacation to New Zealand ﹩3360 4518.36 Dog [Alaskan Malamute] ﹩2675 3597.21 Jeep Wrangler ﹩23995 32267.28

Choose two items from your international wish list: 1) 2) What is the total cost of these two items in U.S. dollars? $_____________ Assuming the prices of these two goods have remained unchanged in the United States, how many of your chosen currency would a tourist have exchanged to purchase the same products in 1985, 1990, 1995, 2000, and 2005? (*use Table B-110 below to calculate currency rates for each year listed) 1985: _______________ 1990: _______________ 1995: _______________ 2000: _______________ 2005: _______________ d Describe what happened to the amounts the tourists would spend over time.