I'm confused about exchange rates?
Surely, 1USD=1.2 CAD. Just go to Yahoo exchange, to check the real rate of the day. It was 1USD=1.33CAD today.
1.2 CAD = 1 USD. The listing shows how much of that country’s currency you would get. If you’re in an American airport and you see CAD 1.2 that’s how much CAD you have to trade in to get 1 USD. Japan might say 100 yen so 100 yen to get 1 USD.