Convert 500000 Bangladeshi Taka (BDT) to Canadian Dollar (CAD)
Exchange rates used for currency conversion updated on March 29th 2023 ( 03/29/2023 )
Below you will find the latest exchange rates for exchanging Bangladeshi Taka (BDT) to Canadian Dollar (CAD) , a table containing most common conversions and a chart with the pair's evolution.
The Bangladeshi Taka (BDT) to Canadian Dollar (CAD) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies online and offline.
The Bangladeshi Taka is the official currency of Bangladesh. Issued and controlled by the Bangladesh central bank, known simply as the Bangladesh Bank, and is symbolized in currency trading as BDT and in monetary transactions with the symbol Tk. The word "taka" is also used in general reference to money itself in other languages such as Bengali, therefore hearing the word "taka" may be in reference to the BDT or simply as a general reference to any amount of money.
Each taka is made of 100 poisha. There are minted coins in 1, 5, 10, 25, and 50 poisha as well as 1, 2, and 5 taka. The 1,5,10,25, and 50 poisha coins are not common with the 1 and 5 poisha coins the most rare. Most everyday transactions use the 1, 2, and 5 taka coins. There are 2, 5, 40, 100, 500, and 1000 taka banknotes in official circulation. These most recent notes in circulation were issued in 2011.
The BDT is a floating currency, most commonly compared to the USD.
About Canadian Dollar (CAD)
The Bank of Canada manges the circulation and monetary policy of the floating yet highly dependent currency. The Canadian dollar (CAD) is heavily intertwined with economic developments in the United States and the USD this is compounded with the high trade dependence Canada shares with the US and is only mitigated by the price of commodities such as oil in which Canada is a net exporter and therefore can leverage these exports to support the CAD independent of the USD. The Bank of Canada follows its mandate of promoting the economic well being of the nation in juxtaposition to the mandate of many central banks as price stability.