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Canadian monetary units are dollars and cents, with dollar notes issued in different colors. The standard denominations are C$5, C$10, C$20, C$50, and C$100. The "loonie" (so named because of the loon on one side) is the C$1 coin that replaced the C$1 bill. A C$2 coin, called the "toonie" because it's worth two loonies, has replaced the C$2 bill.

Note: If you're driving, it's a good idea to have a pocketful of toonies and loonies for parking meters. Avoid C$100 bills when exchanging money, as many stores refuse to accept these bills. Almost all stores and restaurants accept American currency, and most will exchange amounts in excess of your dinner check or purchase. However, these establishments are allowed to set their own exchange percentages and generally offer the worst rates of all.

Frommer's lists exact prices in the local currency. However, rates fluctuate, so before departing consult a currency exchange website such as www.oanda.com/currency/converter to check up-to-the-minute rates.

The favorable exchange rate of the Canadian dollar against the U.S. dollar, the British pound, and the euro gives added value to whatever you buy. In 2011, the Canadian dollar grew considerably stronger, and at press time was virtually at par with the U.S. dollar. The Canadian dollar also gained strength against the British pound, the euro, and the Australian and New Zealand dollars. To offset this change, and because of the recession, hotels and restaurants have generally reduced their prices or kept them the same as last year. Prices in Vancouver are generally a bit higher than in Victoria.

From mid-September to April, prices for hotel rooms in both cities generally drop by at least 20%, and sometimes as much as 50%; the exception to this is Whistler, where winter is the high season and prices rise accordingly. The prices we've listed in "What Things Cost," below, are approximate.

ATMs

The easiest and best way to get cash in Vancouver and Victoria is from an ATM. The Cirrus (tel. 800/424-7787; www.mastercard.com) and PLUS (tel. 800/843-7587; www.visa.com) networks span the globe; look at the back of your bank card to see which network you're on, then call or check online for ATM locations at your destination. Be sure you know your personal identification number (PIN) before you leave home, and be sure to find out your daily withdrawal limit before you depart. Many banks impose a fee every time a card is used at a different bank's ATM, and that fee can be higher for international transactions than for domestic ones. On top of this, the bank from which you withdraw cash may charge its own fee.

The 24-hour PLUS and Cirrus ATM systems are widely available throughout British Columbia. The systems convert Canadian withdrawals to your account's currency within 24 hours. Cirrus network cards work at ATMs at BMO Bank of Montreal (tel. 800/555-3000), CIBC (tel. 800/465-2422), HSBC (tel. 888/310-4722), RBC Royal Bank (tel. 800/769-2511), TD Canada Trust (tel. 866/567-8888), and at all other ATMs that display the Cirrus logo.

Credit & Debit Cards

Major U.S. credit cards are widely accepted in British Columbia, especially American Express, MasterCard, and Visa. British debit cards like Barclay's Visa are also accepted. Diners Club, Carte Blanche, Discover, JCB, and EnRoute are taken by some establishments, but not as many. The amount spent in Canadian dollars will automatically be converted by your issuing company to your currency when you're billed -- generally at rates that are better than you'd receive for cash at a currency exchange. However, the bank will probably add a 3% "adjustment fee" to the converted purchase price. You can also obtain a PIN for your credit card and use it in some ATMs. You usually pay interest from the date of withdrawal and often pay a higher service fee than when using a regular ATM card.

Beware of hidden credit-card fees while traveling. Check with your credit or debit card issuer to see what fees, if any, will be charged for overseas transactions. Recent reform legislation in the U.S., for example, has curbed some exploitative lending practices. But many banks have responded by increasing fees in other areas, including fees for customers who use credit and debit cards while out of the country -- even if those charges were made in U.S. dollars. Fees can amount to 3% or more of the purchase price. Check with your bank before departing to avoid any surprise charges on your statement.

For help with currency conversions, tip calculations, and more, download Frommer's convenient Travel Tools app for your mobile device. Go to www.frommers.com/go/mobile and click on the Travel Tools icon.

What Things Cost in C$

Transfer to/from airport (transit/taxi) 4.00/45.00

Double room, moderate 200.00–300.00

Three-course dinner for one, without wine, moderate 40.00–50.00

Glass of wine 7.00–10.00

Double latte 3.75

Cup of coffee 1.75

Note: This information was accurate when it was published, but can change without notice. Please be sure to confirm all rates and details directly with the companies in question before planning your trip.