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Canadian Dollar (CAD) Exchange Rates on 19th July 2024 (19/07/2024)

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Exchange rates for Canadian Dollar (CAD)

Updated: 2024-07-19
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD GBP GBP 0.5638 CAD to GBP 1.7737 GBP to CAD
CAD CAD BGN BGN 1.3102 CAD to BGN 0.7632 BGN to CAD
CAD CAD HRK HRK 5.0342 CAD to HRK 0.1986 HRK to CAD
CAD CAD CZK CZK 16.9278 CAD to CZK 0.0591 CZK to CAD
CAD CAD DKK DKK 4.9991 CAD to DKK 0.2 DKK to CAD
CAD CAD EEK EEK 0 CAD to EEK 0 EEK to CAD
CAD CAD HUF HUF 261.65 CAD to HUF 0.0038 HUF to CAD
CAD CAD KZT KZT 349.22 CAD to KZT 0.0029 KZT to CAD
CAD CAD LVL LVL 0.4414 CAD to LVL 2.2654 LVL to CAD
CAD CAD LTL LTL 0 CAD to LTL 0 LTL to CAD
CAD CAD MKD MKD 41.275 CAD to MKD 0.0242 MKD to CAD
CAD CAD MDL MDL 12.9533 CAD to MDL 0.0772 MDL to CAD
CAD CAD NOK NOK 7.9043 CAD to NOK 0.1265 NOK to CAD
CAD CAD PLN PLN 2.8769 CAD to PLN 0.3476 PLN to CAD
CAD CAD RON RON 3.329 CAD to RON 0.3004 RON to CAD
CAD CAD RUB RUB 64.4949 CAD to RUB 0.0155 RUB to CAD
CAD CAD SKK SKK 0 CAD to SKK 0 SKK to CAD
CAD CAD SEK SEK 7.7454 CAD to SEK 0.1291 SEK to CAD
CAD CAD CHF CHF 0.6486 CAD to CHF 1.5418 CHF to CAD
CAD CAD TRY TRY 24.151 CAD to TRY 0.0414 TRY to CAD
CAD CAD UAH UAH 30.3793 CAD to UAH 0.0329 UAH to CAD
Updated: 2024-07-19
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD ARS ARS 674.684 CAD to ARS 0.0015 ARS to CAD
CAD CAD BOB BOB 5.0602 CAD to BOB 0.1976 BOB to CAD
CAD CAD BRL BRL 4.0453 CAD to BRL 0.2472 BRL to CAD
CAD CAD CAD CAD 1 CAD to CAD 1 CAD to CAD
CAD CAD KYD KYD 0.6096 CAD to KYD 1.6405 KYD to CAD
CAD CAD CLP CLP 680.9025 CAD to CLP 0.0015 CLP to CAD
CAD CAD COP COP 2935.2183 CAD to COP 0.0003 COP to CAD
CAD CAD CRC CRC 382.9809 CAD to CRC 0.0026 CRC to CAD
CAD CAD DOP DOP 43.3148 CAD to DOP 0.0231 DOP to CAD
CAD CAD SVC SVC 6.4087 CAD to SVC 0.156 SVC to CAD
CAD CAD FJD FJD 1.6311 CAD to FJD 0.6131 FJD to CAD
CAD CAD HNL HNL 18.1173 CAD to HNL 0.0552 HNL to CAD
CAD CAD JMD JMD 114.5782 CAD to JMD 0.0087 JMD to CAD
CAD CAD MXN MXN 13.1268 CAD to MXN 0.0762 MXN to CAD
CAD CAD ANG ANG 1.3197 CAD to ANG 0.7577 ANG to CAD
CAD CAD PYG PYG 5527.6815 CAD to PYG 0.0002 PYG to CAD
CAD CAD PEN PEN 2.7286 CAD to PEN 0.3665 PEN to CAD
CAD CAD TTD TTD 4.9582 CAD to TTD 0.2017 TTD to CAD
CAD CAD USD USD 0.7298 CAD to USD 1.3703 USD to CAD
CAD CAD UYU UYU 29.4104 CAD to UYU 0.034 UYU to CAD
CAD CAD VEF VEF 2643488.2059 CAD to VEF 0 VEF to CAD
Updated: 2024-07-19
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD AUD AUD 1.0887 CAD to AUD 0.9185 AUD to CAD
CAD CAD BDT BDT 86.0404 CAD to BDT 0.0116 BDT to CAD
CAD CAD BND BND 0.9817 CAD to BND 1.0186 BND to CAD
CAD CAD CNY CNY 5.3015 CAD to CNY 0.1886 CNY to CAD
CAD CAD INR INR 60.9512 CAD to INR 0.0164 INR to CAD
CAD CAD IDR IDR 11798.1242 CAD to IDR 0.0001 IDR to CAD
CAD CAD JPY JPY 114.6706 CAD to JPY 0.0087 JPY to CAD
CAD CAD MYR MYR 3.4134 CAD to MYR 0.293 MYR to CAD
CAD CAD MVR MVR 11.1726 CAD to MVR 0.0895 MVR to CAD
CAD CAD NPR NPR 98.0149 CAD to NPR 0.0102 NPR to CAD
CAD CAD NZD NZD 1.2106 CAD to NZD 0.826 NZD to CAD
CAD CAD PKR PKR 203.7665 CAD to PKR 0.0049 PKR to CAD
CAD CAD PGK PGK 2.8687 CAD to PGK 0.3486 PGK to CAD
CAD CAD PHP PHP 42.5588 CAD to PHP 0.0235 PHP to CAD
CAD CAD SCR SCR 9.9243 CAD to SCR 0.1008 SCR to CAD
CAD CAD SGD SGD 0.9808 CAD to SGD 1.0196 SGD to CAD
CAD CAD KRW KRW 1010.8182 CAD to KRW 0.001 KRW to CAD
CAD CAD LKR LKR 222.3652 CAD to LKR 0.0045 LKR to CAD
CAD CAD TWD TWD 23.9023 CAD to TWD 0.0418 TWD to CAD
CAD CAD THB THB 26.4349 CAD to THB 0.0378 THB to CAD
Updated: 2024-07-19
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD BHD BHD 0.275 CAD to BHD 3.6365 BHD to CAD
CAD CAD EGP EGP 35.2048 CAD to EGP 0.0284 EGP to CAD
CAD CAD HKD HKD 5.6987 CAD to HKD 0.1755 HKD to CAD
CAD CAD ILS ILS 2.6544 CAD to ILS 0.3767 ILS to CAD
CAD CAD JOD JOD 0.5165 CAD to JOD 1.9362 JOD to CAD
CAD CAD KWD KWD 0.2227 CAD to KWD 4.4899 KWD to CAD
CAD CAD LBP LBP 65501.2522 CAD to LBP 0 LBP to CAD
CAD CAD OMR OMR 0.2809 CAD to OMR 3.5596 OMR to CAD
CAD CAD QAR QAR 2.6605 CAD to QAR 0.3759 QAR to CAD
CAD CAD SAR SAR 2.7364 CAD to SAR 0.3654 SAR to CAD
CAD CAD AED AED 2.6797 CAD to AED 0.3732 AED to CAD
CAD CAD YER YER 182.676 CAD to YER 0.0055 YER to CAD
Updated: 2024-07-19
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD DZD DZD 98.1481 CAD to DZD 0.0102 DZD to CAD
CAD CAD KES KES 95.468 CAD to KES 0.0105 KES to CAD
CAD CAD MUR MUR 33.9302 CAD to MUR 0.0295 MUR to CAD
CAD CAD MAD MAD 7.1761 CAD to MAD 0.1394 MAD to CAD
CAD CAD NAD NAD 13.355 CAD to NAD 0.0749 NAD to CAD
CAD CAD NIO NIO 26.9589 CAD to NIO 0.0371 NIO to CAD
CAD CAD NGN NGN 1187.5562 CAD to NGN 0.0008 NGN to CAD
CAD CAD SLL SLL 15302.5977 CAD to SLL 0.0001 SLL to CAD
CAD CAD ZAR ZAR 13.3407 CAD to ZAR 0.075 ZAR to CAD
CAD CAD TZS TZS 1959.3864 CAD to TZS 0.0005 TZS to CAD
CAD CAD TND TND 2.265 CAD to TND 0.4415 TND to CAD
CAD CAD UGX UGX 2702.5384 CAD to UGX 0.0004 UGX to CAD
CAD CAD XOF XOF 439.4516 CAD to XOF 0.0023 XOF to CAD
CAD CAD ZMK ZMK 6568.6466 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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