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Canadian Dollar (CAD) Exchange Rates on 27th September 2023 (27/09/2023)

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Exchange rates for Canadian Dollar (CAD)

Updated: 2023-09-27
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD GBP GBP 0.6091 CAD to GBP 1.6418 GBP to CAD
CAD CAD BGN BGN 1.368 CAD to BGN 0.731 BGN to CAD
CAD CAD HRK HRK 5.1881 CAD to HRK 0.1927 HRK to CAD
CAD CAD CZK CZK 17.0983 CAD to CZK 0.0585 CZK to CAD
CAD CAD DKK DKK 5.2211 CAD to DKK 0.1915 DKK to CAD
CAD CAD HUF HUF 273.5367 CAD to HUF 0.0037 HUF to CAD
CAD CAD KZT KZT 355.8946 CAD to KZT 0.0028 KZT to CAD
CAD CAD LVL LVL 0.4474 CAD to LVL 2.2352 LVL to CAD
CAD CAD MKD MKD 43.0795 CAD to MKD 0.0232 MKD to CAD
CAD CAD MDL MDL 13.481 CAD to MDL 0.0742 MDL to CAD
CAD CAD NOK NOK 8.0019 CAD to NOK 0.125 NOK to CAD
CAD CAD PLN PLN 3.226 CAD to PLN 0.31 PLN to CAD
CAD CAD RON RON 3.4817 CAD to RON 0.2872 RON to CAD
CAD CAD RUB RUB 70.3825 CAD to RUB 0.0142 RUB to CAD
CAD CAD SEK SEK 8.1347 CAD to SEK 0.1229 SEK to CAD
CAD CAD CHF CHF 0.6781 CAD to CHF 1.4747 CHF to CAD
CAD CAD TRY TRY 20.1971 CAD to TRY 0.0495 TRY to CAD
CAD CAD UAH UAH 27.41 CAD to UAH 0.0365 UAH to CAD
Updated: 2023-09-27
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD ARS ARS 258.8755 CAD to ARS 0.0039 ARS to CAD
CAD CAD BOB BOB 5.1283 CAD to BOB 0.195 BOB to CAD
CAD CAD BRL BRL 3.6889 CAD to BRL 0.2711 BRL to CAD
CAD CAD KYD KYD 0.6184 CAD to KYD 1.617 KYD to CAD
CAD CAD CLP CLP 668.676 CAD to CLP 0.0015 CLP to CAD
CAD CAD COP COP 3008.7273 CAD to COP 0.0003 COP to CAD
CAD CAD CRC CRC 399.6411 CAD to CRC 0.0025 CRC to CAD
CAD CAD DOP DOP 42.0932 CAD to DOP 0.0238 DOP to CAD
CAD CAD SVC SVC 6.6467 CAD to SVC 0.1505 SVC to CAD
CAD CAD FJD FJD 1.7003 CAD to FJD 0.5881 FJD to CAD
CAD CAD HNL HNL 18.2969 CAD to HNL 0.0547 HNL to CAD
CAD CAD JMD JMD 114.6741 CAD to JMD 0.0087 JMD to CAD
CAD CAD MXN MXN 12.9729 CAD to MXN 0.0771 MXN to CAD
CAD CAD ANG ANG 1.3375 CAD to ANG 0.7476 ANG to CAD
CAD CAD PYG PYG 5409.0883 CAD to PYG 0.0002 PYG to CAD
CAD CAD PEN PEN 2.8037 CAD to PEN 0.3567 PEN to CAD
CAD CAD TTD TTD 5.0344 CAD to TTD 0.1986 TTD to CAD
CAD CAD USD USD 0.7396 CAD to USD 1.3521 USD to CAD
CAD CAD UYU UYU 28.3029 CAD to UYU 0.0353 UYU to CAD
CAD CAD VEF VEF 2508650.904 CAD to VEF 0 VEF to CAD
Updated: 2023-09-27
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD AUD AUD 1.1589 CAD to AUD 0.8629 AUD to CAD
CAD CAD BDT BDT 81.827 CAD to BDT 0.0122 BDT to CAD
CAD CAD BND BND 1.0152 CAD to BND 0.985 BND to CAD
CAD CAD CNY CNY 5.4019 CAD to CNY 0.1851 CNY to CAD
CAD CAD INR INR 61.547 CAD to INR 0.0162 INR to CAD
CAD CAD IDR IDR 11483.1768 CAD to IDR 0.0001 IDR to CAD
CAD CAD JPY JPY 110.2256 CAD to JPY 0.0091 JPY to CAD
CAD CAD MYR MYR 3.481 CAD to MYR 0.2873 MYR to CAD
CAD CAD MVR MVR 11.4347 CAD to MVR 0.0875 MVR to CAD
CAD CAD NPR NPR 98.7999 CAD to NPR 0.0101 NPR to CAD
CAD CAD NZD NZD 1.2476 CAD to NZD 0.8015 NZD to CAD
CAD CAD PKR PKR 212.2493 CAD to PKR 0.0047 PKR to CAD
CAD CAD PGK PGK 2.7014 CAD to PGK 0.3702 PGK to CAD
CAD CAD PHP PHP 42.1151 CAD to PHP 0.0237 PHP to CAD
CAD CAD SCR SCR 9.7097 CAD to SCR 0.103 SCR to CAD
CAD CAD SGD SGD 1.0138 CAD to SGD 0.9864 SGD to CAD
CAD CAD KRW KRW 998.992 CAD to KRW 0.001 KRW to CAD
CAD CAD LKR LKR 240.5059 CAD to LKR 0.0042 LKR to CAD
CAD CAD TWD TWD 23.8443 CAD to TWD 0.0419 TWD to CAD
CAD CAD THB THB 26.9994 CAD to THB 0.037 THB to CAD
Updated: 2023-09-27
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD BHD BHD 0.2788 CAD to BHD 3.5862 BHD to CAD
CAD CAD EGP EGP 22.8725 CAD to EGP 0.0437 EGP to CAD
CAD CAD HKD HKD 5.7841 CAD to HKD 0.1729 HKD to CAD
CAD CAD ILS ILS 2.8298 CAD to ILS 0.3534 ILS to CAD
CAD CAD JOD JOD 0.525 CAD to JOD 1.9049 JOD to CAD
CAD CAD KWD KWD 0.2287 CAD to KWD 4.3729 KWD to CAD
CAD CAD LBP LBP 11128.8531 CAD to LBP 0.0001 LBP to CAD
CAD CAD OMR OMR 0.2848 CAD to OMR 3.5118 OMR to CAD
CAD CAD QAR QAR 2.6929 CAD to QAR 0.3713 QAR to CAD
CAD CAD SAR SAR 2.7733 CAD to SAR 0.3606 SAR to CAD
CAD CAD AED AED 2.7166 CAD to AED 0.3681 AED to CAD
CAD CAD YER YER 185.161 CAD to YER 0.0054 YER to CAD
Updated: 2023-09-27
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD DZD DZD 101.6346 CAD to DZD 0.0098 DZD to CAD
CAD CAD KES KES 109.3508 CAD to KES 0.0091 KES to CAD
CAD CAD MUR MUR 33.0663 CAD to MUR 0.0302 MUR to CAD
CAD CAD MAD MAD 7.6127 CAD to MAD 0.1314 MAD to CAD
CAD CAD NAD NAD 14.0824 CAD to NAD 0.071 NAD to CAD
CAD CAD NIO NIO 27.1545 CAD to NIO 0.0368 NIO to CAD
CAD CAD NGN NGN 578.5196 CAD to NGN 0.0017 NGN to CAD
CAD CAD SLL SLL 14607.2675 CAD to SLL 0.0001 SLL to CAD
CAD CAD ZAR ZAR 14.1173 CAD to ZAR 0.0708 ZAR to CAD
CAD CAD TZS TZS 1852.7189 CAD to TZS 0.0005 TZS to CAD
CAD CAD TND TND 2.349 CAD to TND 0.4257 TND to CAD
CAD CAD UGX UGX 2797.3716 CAD to UGX 0.0004 UGX to CAD
CAD CAD XOF XOF 459.4236 CAD to XOF 0.0022 XOF to CAD
CAD CAD ZMK ZMK 6657.3656 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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