The bank charges me about 4 percent to do an exchange, so if I did it straight up, I’d be losing money on the deal.
Many Canadian stores won’t even take the American money for that reason. I also know that most American stores won’t take Canadian money either.
The banks on either side of the border were charging 2 cents exchange. We would spend every last CAD in Canada before we crossed back into the US.
I think it was early in the 1980s the CAD was only worth about $0.70 USD.
Some con-artists took USD and bought Canadian Travelers Checks north of the border. Then they drove south to Missouri or even further south and spent them like US Travelers Checks.
It worked like a charm, but they had to get out of town before store owners took them to the local bank. The next day there were signs in almost every store in town but it was a day too late by then.
I bet you do sell a great danish. :)