€ in $ 1,4111 -0,0021 -0,15
The development yesterday. We had an high of more than 1,42 last week.
dazzlingamy, median pay won't be the same in the two countries, and by just looking at that, even when the two currencies are on par, is not exactly possible. There are many factors that play into the determination of the median pay, and you have to adjust for some things to compare.
However, you have certain ways to compare countries, for example the Big Mac Index where you compare the price of an Big Mac around the world by converting the prices into one currency, e.g. the US dollar.
Inflation, regional differences, standard of living etc. are factors to consider when comparing countries.
Just think of Australia, where you are paying different prices in Sydney, Melbourne and especially Perth or Darwin for the same goods, hence are likely to get paid differently.
I don't know about the Canadian currency, but at the moment the US dollar is going very weak.