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Canadian Dollar (CAD) Exchange Rates on 02nd October 2022 (02/10/2022)

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Exchange rates for Canadian Dollar (CAD)

Updated: 2022-10-02
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD GBP GBP 0.6484 CAD to GBP 1.5423 GBP to CAD
CAD CAD BGN BGN 1.4431 CAD to BGN 0.693 BGN to CAD
CAD CAD HRK HRK 5.5475 CAD to HRK 0.1803 HRK to CAD
CAD CAD CZK CZK 18.1331 CAD to CZK 0.0551 CZK to CAD
CAD CAD DKK DKK 5.4853 CAD to DKK 0.1823 DKK to CAD
CAD CAD HUF HUF 311.9955 CAD to HUF 0.0032 HUF to CAD
CAD CAD KZT KZT 344.3949 CAD to KZT 0.0029 KZT to CAD
CAD CAD LVL LVL 0.4373 CAD to LVL 2.2868 LVL to CAD
CAD CAD MKD MKD 45.643 CAD to MKD 0.0219 MKD to CAD
CAD CAD MDL MDL 14.104 CAD to MDL 0.0709 MDL to CAD
CAD CAD NOK NOK 7.8698 CAD to NOK 0.1271 NOK to CAD
CAD CAD PLN PLN 3.5797 CAD to PLN 0.2794 PLN to CAD
CAD CAD RON RON 3.653 CAD to RON 0.2737 RON to CAD
CAD CAD RUB RUB 43.5228 CAD to RUB 0.023 RUB to CAD
CAD CAD SEK SEK 8.0122 CAD to SEK 0.1248 SEK to CAD
CAD CAD CHF CHF 0.7148 CAD to CHF 1.3991 CHF to CAD
CAD CAD TRY TRY 13.3756 CAD to TRY 0.0748 TRY to CAD
CAD CAD UAH UAH 26.7123 CAD to UAH 0.0374 UAH to CAD
Updated: 2022-10-02
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD ARS ARS 106.4877 CAD to ARS 0.0094 ARS to CAD
CAD CAD BOB BOB 4.9976 CAD to BOB 0.2001 BOB to CAD
CAD CAD BRL BRL 3.9128 CAD to BRL 0.2556 BRL to CAD
CAD CAD KYD KYD 0.6028 CAD to KYD 1.659 KYD to CAD
CAD CAD CLP CLP 699.7976 CAD to CLP 0.0014 CLP to CAD
CAD CAD COP COP 3332.6894 CAD to COP 0.0003 COP to CAD
CAD CAD CRC CRC 453.8104 CAD to CRC 0.0022 CRC to CAD
CAD CAD DOP DOP 38.7516 CAD to DOP 0.0258 DOP to CAD
CAD CAD SVC SVC 6.3293 CAD to SVC 0.158 SVC to CAD
CAD CAD FJD FJD 1.67 CAD to FJD 0.5988 FJD to CAD
CAD CAD HNL HNL 17.8999 CAD to HNL 0.0559 HNL to CAD
CAD CAD JMD JMD 109.9908 CAD to JMD 0.0091 JMD to CAD
CAD CAD MXN MXN 14.5642 CAD to MXN 0.0687 MXN to CAD
CAD CAD ANG ANG 1.3036 CAD to ANG 0.7671 ANG to CAD
CAD CAD PYG PYG 5112.9722 CAD to PYG 0.0002 PYG to CAD
CAD CAD PEN PEN 2.8783 CAD to PEN 0.3474 PEN to CAD
CAD CAD TTD TTD 4.914 CAD to TTD 0.2035 TTD to CAD
CAD CAD USD USD 0.7229 CAD to USD 1.3833 USD to CAD
CAD CAD UYU UYU 29.9061 CAD to UYU 0.0334 UYU to CAD
CAD CAD VEF VEF 157941666514.09 CAD to VEF 0 VEF to CAD
Updated: 2022-10-02
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD AUD AUD 1.1289 CAD to AUD 0.8858 AUD to CAD
CAD CAD BDT BDT 73.2682 CAD to BDT 0.0136 BDT to CAD
CAD CAD BND BND 1.0382 CAD to BND 0.9632 BND to CAD
CAD CAD CNY CNY 5.1444 CAD to CNY 0.1944 CNY to CAD
CAD CAD INR INR 59.0184 CAD to INR 0.0169 INR to CAD
CAD CAD IDR IDR 11063.4014 CAD to IDR 0.0001 IDR to CAD
CAD CAD JPY JPY 104.6354 CAD to JPY 0.0096 JPY to CAD
CAD CAD MYR MYR 3.3522 CAD to MYR 0.2983 MYR to CAD
CAD CAD MVR MVR 11.1695 CAD to MVR 0.0895 MVR to CAD
CAD CAD NPR NPR 94.2466 CAD to NPR 0.0106 NPR to CAD
CAD CAD NZD NZD 1.2936 CAD to NZD 0.773 NZD to CAD
CAD CAD PKR PKR 164.9026 CAD to PKR 0.0061 PKR to CAD
CAD CAD PGK PGK 2.545 CAD to PGK 0.3929 PGK to CAD
CAD CAD PHP PHP 42.5091 CAD to PHP 0.0235 PHP to CAD
CAD CAD SCR SCR 9.4382 CAD to SCR 0.106 SCR to CAD
CAD CAD SGD SGD 1.0352 CAD to SGD 0.966 SGD to CAD
CAD CAD KRW KRW 1041.1761 CAD to KRW 0.001 KRW to CAD
CAD CAD LKR LKR 264.3457 CAD to LKR 0.0038 LKR to CAD
CAD CAD TWD TWD 23.0017 CAD to TWD 0.0435 TWD to CAD
CAD CAD THB THB 27.3288 CAD to THB 0.0366 THB to CAD
Updated: 2022-10-02
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD BHD BHD 0.2727 CAD to BHD 3.6665 BHD to CAD
CAD CAD EGP EGP 14.1246 CAD to EGP 0.0708 EGP to CAD
CAD CAD HKD HKD 5.6748 CAD to HKD 0.1762 HKD to CAD
CAD CAD ILS ILS 2.5726 CAD to ILS 0.3887 ILS to CAD
CAD CAD JOD JOD 0.5126 CAD to JOD 1.9509 JOD to CAD
CAD CAD KWD KWD 0.2241 CAD to KWD 4.4627 KWD to CAD
CAD CAD LBP LBP 1096.6356 CAD to LBP 0.0009 LBP to CAD
CAD CAD OMR OMR 0.2783 CAD to OMR 3.5932 OMR to CAD
CAD CAD QAR QAR 2.6322 CAD to QAR 0.3799 QAR to CAD
CAD CAD SAR SAR 2.7159 CAD to SAR 0.3682 SAR to CAD
CAD CAD AED AED 2.6553 CAD to AED 0.3766 AED to CAD
CAD CAD YER YER 180.9122 CAD to YER 0.0055 YER to CAD
Updated: 2022-10-02
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD DZD DZD 101.8051 CAD to DZD 0.0098 DZD to CAD
CAD CAD KES KES 87.3656 CAD to KES 0.0114 KES to CAD
CAD CAD MUR MUR 33.0711 CAD to MUR 0.0302 MUR to CAD
CAD CAD MAD MAD 7.9182 CAD to MAD 0.1263 MAD to CAD
CAD CAD NAD NAD 13.0707 CAD to NAD 0.0765 NAD to CAD
CAD CAD NIO NIO 26.0256 CAD to NIO 0.0384 NIO to CAD
CAD CAD NGN NGN 312.5715 CAD to NGN 0.0032 NGN to CAD
CAD CAD SLL SLL 11201.7505 CAD to SLL 0.0001 SLL to CAD
CAD CAD ZAR ZAR 13.0785 CAD to ZAR 0.0765 ZAR to CAD
CAD CAD TZS TZS 1684.413 CAD to TZS 0.0006 TZS to CAD
CAD CAD TND TND 2.3633 CAD to TND 0.4231 TND to CAD
CAD CAD UGX UGX 2785.3774 CAD to UGX 0.0004 UGX to CAD
CAD CAD XOF XOF 420.7428 CAD to XOF 0.0024 XOF to CAD
CAD CAD ZMK ZMK 6507.1983 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
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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