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Canadian Dollar (CAD) Exchange Rates on 21st November 2024 (21/11/2024)

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Exchange rates for Canadian Dollar (CAD)

Updated: 2024-11-21
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD GBP GBP 0.5658 CAD to GBP 1.7673 GBP to CAD
CAD CAD BGN BGN 1.3274 CAD to BGN 0.7534 BGN to CAD
CAD CAD HRK HRK 5.1079 CAD to HRK 0.1958 HRK to CAD
CAD CAD CZK CZK 17.1643 CAD to CZK 0.0583 CZK to CAD
CAD CAD DKK DKK 5.062 CAD to DKK 0.1975 DKK to CAD
CAD CAD EEK EEK 0 CAD to EEK 0 EEK to CAD
CAD CAD HUF HUF 278.1112 CAD to HUF 0.0036 HUF to CAD
CAD CAD KZT KZT 356.0077 CAD to KZT 0.0028 KZT to CAD
CAD CAD LVL LVL 0.4331 CAD to LVL 2.3087 LVL to CAD
CAD CAD LTL LTL 0 CAD to LTL 0 LTL to CAD
CAD CAD MKD MKD 41.7491 CAD to MKD 0.024 MKD to CAD
CAD CAD MDL MDL 13.043 CAD to MDL 0.0767 MDL to CAD
CAD CAD NOK NOK 7.9116 CAD to NOK 0.1264 NOK to CAD
CAD CAD PLN PLN 2.9425 CAD to PLN 0.3398 PLN to CAD
CAD CAD RON RON 3.3777 CAD to RON 0.2961 RON to CAD
CAD CAD RUB RUB 71.9703 CAD to RUB 0.0139 RUB to CAD
CAD CAD SKK SKK 0 CAD to SKK 0 SKK to CAD
CAD CAD SEK SEK 7.8855 CAD to SEK 0.1268 SEK to CAD
CAD CAD CHF CHF 0.6322 CAD to CHF 1.5819 CHF to CAD
CAD CAD TRY TRY 24.6978 CAD to TRY 0.0405 TRY to CAD
CAD CAD UAH UAH 29.5513 CAD to UAH 0.0338 UAH to CAD
Updated: 2024-11-21
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD ARS ARS 718.0283 CAD to ARS 0.0014 ARS to CAD
CAD CAD BOB BOB 4.9628 CAD to BOB 0.2015 BOB to CAD
CAD CAD BRL BRL 4.1363 CAD to BRL 0.2418 BRL to CAD
CAD CAD CAD CAD 1 CAD to CAD 1 CAD to CAD
CAD CAD KYD KYD 0.5973 CAD to KYD 1.6743 KYD to CAD
CAD CAD CLP CLP 697.3148 CAD to CLP 0.0014 CLP to CAD
CAD CAD COP COP 3148.2346 CAD to COP 0.0003 COP to CAD
CAD CAD CRC CRC 363.9401 CAD to CRC 0.0027 CRC to CAD
CAD CAD DOP DOP 43.2246 CAD to DOP 0.0231 DOP to CAD
CAD CAD SVC SVC 6.2706 CAD to SVC 0.1595 SVC to CAD
CAD CAD FJD FJD 1.6249 CAD to FJD 0.6154 FJD to CAD
CAD CAD HNL HNL 18.1101 CAD to HNL 0.0552 HNL to CAD
CAD CAD JMD JMD 113.596 CAD to JMD 0.0088 JMD to CAD
CAD CAD MXN MXN 14.5336 CAD to MXN 0.0688 MXN to CAD
CAD CAD ANG ANG 1.2916 CAD to ANG 0.7742 ANG to CAD
CAD CAD PYG PYG 5612.5903 CAD to PYG 0.0002 PYG to CAD
CAD CAD PEN PEN 2.7197 CAD to PEN 0.3677 PEN to CAD
CAD CAD TTD TTD 4.8521 CAD to TTD 0.2061 TTD to CAD
CAD CAD USD USD 0.7161 CAD to USD 1.3965 USD to CAD
CAD CAD UYU UYU 30.6366 CAD to UYU 0.0326 UYU to CAD
CAD CAD VEF VEF 2601328.9511 CAD to VEF 0 VEF to CAD
Updated: 2024-11-21
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD AUD AUD 1.0991 CAD to AUD 0.9098 AUD to CAD
CAD CAD BDT BDT 85.6426 CAD to BDT 0.0117 BDT to CAD
CAD CAD BND BND 0.9625 CAD to BND 1.039 BND to CAD
CAD CAD CNY CNY 5.186 CAD to CNY 0.1928 CNY to CAD
CAD CAD INR INR 60.4593 CAD to INR 0.0165 INR to CAD
CAD CAD IDR IDR 11413.0857 CAD to IDR 0.0001 IDR to CAD
CAD CAD JPY JPY 111.0473 CAD to JPY 0.009 JPY to CAD
CAD CAD MYR MYR 3.1976 CAD to MYR 0.3127 MYR to CAD
CAD CAD MVR MVR 11.0704 CAD to MVR 0.0903 MVR to CAD
CAD CAD NPR NPR 96.7341 CAD to NPR 0.0103 NPR to CAD
CAD CAD NZD NZD 1.2181 CAD to NZD 0.8209 NZD to CAD
CAD CAD PKR PKR 199.2278 CAD to PKR 0.005 PKR to CAD
CAD CAD PGK PGK 2.885 CAD to PGK 0.3466 PGK to CAD
CAD CAD PHP PHP 42.2108 CAD to PHP 0.0237 PHP to CAD
CAD CAD SCR SCR 9.7537 CAD to SCR 0.1025 SCR to CAD
CAD CAD SGD SGD 0.9613 CAD to SGD 1.0402 SGD to CAD
CAD CAD KRW KRW 1000.9182 CAD to KRW 0.001 KRW to CAD
CAD CAD LKR LKR 208.5082 CAD to LKR 0.0048 LKR to CAD
CAD CAD TWD TWD 23.3329 CAD to TWD 0.0429 TWD to CAD
CAD CAD THB THB 24.8341 CAD to THB 0.0403 THB to CAD
Updated: 2024-11-21
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD BHD BHD 0.2699 CAD to BHD 3.7051 BHD to CAD
CAD CAD EGP EGP 35.6092 CAD to EGP 0.0281 EGP to CAD
CAD CAD HKD HKD 5.5729 CAD to HKD 0.1794 HKD to CAD
CAD CAD ILS ILS 2.6761 CAD to ILS 0.3737 ILS to CAD
CAD CAD JOD JOD 0.5078 CAD to JOD 1.9694 JOD to CAD
CAD CAD KWD KWD 0.2202 CAD to KWD 4.5413 KWD to CAD
CAD CAD LBP LBP 64183.2407 CAD to LBP 0 LBP to CAD
CAD CAD OMR OMR 0.2757 CAD to OMR 3.6273 OMR to CAD
CAD CAD QAR QAR 2.6134 CAD to QAR 0.3826 QAR to CAD
CAD CAD SAR SAR 2.6886 CAD to SAR 0.3719 SAR to CAD
CAD CAD AED AED 2.6301 CAD to AED 0.3802 AED to CAD
CAD CAD YER YER 178.9611 CAD to YER 0.0056 YER to CAD
Updated: 2024-11-21
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD DZD DZD 95.7163 CAD to DZD 0.0104 DZD to CAD
CAD CAD KES KES 92.8061 CAD to KES 0.0108 KES to CAD
CAD CAD MUR MUR 33.2896 CAD to MUR 0.03 MUR to CAD
CAD CAD MAD MAD 7.1594 CAD to MAD 0.1397 MAD to CAD
CAD CAD NAD NAD 12.9987 CAD to NAD 0.0769 NAD to CAD
CAD CAD NIO NIO 26.3722 CAD to NIO 0.0379 NIO to CAD
CAD CAD NGN NGN 1203.4098 CAD to NGN 0.0008 NGN to CAD
CAD CAD SLL SLL 15015.4245 CAD to SLL 0.0001 SLL to CAD
CAD CAD ZAR ZAR 12.9714 CAD to ZAR 0.0771 ZAR to CAD
CAD CAD TZS TZS 1899.2557 CAD to TZS 0.0005 TZS to CAD
CAD CAD TND TND 2.2621 CAD to TND 0.4421 TND to CAD
CAD CAD UGX UGX 2644.7147 CAD to UGX 0.0004 UGX to CAD
CAD CAD XOF XOF 445.3918 CAD to XOF 0.0022 XOF to CAD
CAD CAD ZMK ZMK 6445.4122 CAD to ZMK 0.0002 ZMK to CAD

Canadian dollar (CAD)

Sign $ or C$
1 Canadian Dollar is subdivided into 100 cents.

CAD is the currency code for the Canadian dollar (CAD) which is represented in accounting with the $ symbol or C$ when necessary contextually to delineate it from other currencies denominated in dollars. The Bank of Canada is responsible for governance and implementation of Canadian monetary policy, issuance of Canadian notes, coin, and currency as well as having a general mandate of promoting the economic and financial well being of Canada. This is in comparison to the Central Bank mandates of other nation states which are more specific toward price stability or economic growth and employment. The Bank of Canada is wholly owned and operated by the Government of Canada.

Coins used:
- frequently used: 1¢, 5¢, 10¢, 25¢
- rarely used: 50¢, $1

Banknotes used:
- frequently used: $5, $10, $20, $50
- rarely used: $100

Central Bank
Bank of Canada
http://www.bankofcanada.ca
The CAD is the sixth most traded currency within currency markets and it is oftentimes linked to its dominant southern neighbor in currency pairs. The CAD is also the worlds sixth largest reserve currency when being measured by value. Countries that have central banks that hold and use the CAD as a reserve currency include the Dutch, French, and British foreign territories in the Caribbean as well as many of the central banks in South and central America. This regional use of the Canadian dollar over the United States dollar is for both political and economic reasons. In some instances, due to internal politics the leadership of many countries do not wish to be seen as having ties to the United States and in others it is for economic reasons where economically their central banks feel it is prudent to spread their holdings of reserve currencies into CAD to mitigate debt exposure risks inherent in the United States dollar (USD).

The Bank of Canada has also openly stated that they have not and do not intend in any way to interfere with the CAD as it trades in foreign currency markets. While they have an interest in promoting the financial well being of Canada, as is their mandate, in defining this mandate they have not shown the interest in proactively affecting the CAD prices relative to other currencies. This is in juxtaposition to many other central banks that have an established policy, whether published or anecdotal, of pushing their currencies up or down on the world markets in order to suit an economic or political purpose.

It is worthy of note that they CAD was unique amongst many major world currencies from 1950-1962 in that it was not tied to the Bretton Woods system and as a result was a floating currency, not a fiat currency as is the USD, because it was always been pegged, anchored, or tied in one way or another to the USD until the 1970's, but a floating currency that was allowed to fluctuate on the open markets. Since the USD abandoned the gold standard and Bretton Woods it has floated against worldwide currencies freely, independent of the floating fiat currency, the USD. The value of the CAD on open markets has fluctuated more than would be expected for a major currency. It traded as low as $0.6179 against the USD in 2002, rose steadily with a large jump of 23% in 2007. This, as a result of the rise in commodity prices, namely oil of which Canada is a net exporter, the impact of the worldwide credit crises, and the devaluation of the USD through decreasing United States interest rates.

Therefore the value of the CAD is substantially affected by events and interest rates not only in Canada itself, but also by its dominant neighbor the United States. This is not only due to the USD dominance on the world scene but also because 84.2% of Canada's export trade is with the United states and 56.7% of items imported to Canada come from the Untied States. With this heavy concentration of trade with the United States, as a dominant trading partner, economic events within that the United States have a direct impact on the economy and currency of Canada. This combined with the worldwide price of oil are the two external factors with the largest impact on the CAD. Internal politics, interest rates, fiscal policy, monetary policy, and they nations economy being the largest internal factors.

The CAD as legal tender is broken into 1/100ths with the smallest denomination being one cent. An interesting fact of note with regard to its use as legal tender is that there is an actual legally defined limit as to how much a person is legally required to accept in payment with coins, as opposed to payment with bills. For example, when paying a debt greater than $40 a person is not required to accept payment if the payor is using any combination of $2-$10 coins. Other limits for maximum required acceptance as legal tender are as follows: maximum of $25 with $1 coins, maximum $10 with $0.10 - less than $1 coins, $5 with $0.05 coins, and $0.25 with $0.01 coins. While most countries leave issues of acceptance of coin to pay bills or debts up to each creditor, the Canadian legal code specifically outlines these rules making it a unique feature of the CAD as legal tender.

The history of the CAD has deep routes in its country's ties to England and the British Pound. At one time the CAD was actually called the Canadian Pound. After nearly a century of consistent changes to how the Canadian Pound was benchmarked in value the Uniform Currency Act was passed in 1871 which finalized the issue with the decision that still holds to this day, to switch from the Canadian Pound to the CAD thus binding the CAD forever to the USD. The exact ratio and ways in which it has been bound has changed over the decades, but one way or another the CAD has since 1871 been much more closely ties to the USD than any other worldwide currency. This combined with the Canadian dependence on trade with the United States makes the CAD inextricably tied to the USD with the primary mitigating factor being Canada's ability to export oil, which in the late years of the first decade of the 21st century has been increasingly important in supporting the value of the CAD in spite of the significant drop in the USD.

Other References
Wikipedia article on Canadian Dollar

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