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When you own a company that has locations throughout North America, you might find that you need to use more than one type of currency. Even if most of your locations only accept US Dollars, you might find that it makes sense for your accountants and managers to understand the value of Canadian Dollars. This could help ensure that all of your accountants represent accurate information.
Canadian Dollars are commonly worth slightly less than American Dollars. The exact exchange rate, however, can differ from day to day. You might, therefore, want to find a resource that can give you the latest information about currency exchange rates.
You might also want to find software that allows you to convert dollar amounts from one currency to another. Many business owners and managers find that it is useful for them to use software that makes conversion easier because it helps them avoid mistakes.
You can explore more information about Canadian currency by visiting the websites that Business.com has posted on the left side of your screen. After visiting several of these websites, you should find that you have more of the information that you need to keep track of your company's money.