Canadian Dollar (CAD) Exchange Rates on 21st February 2020 (21/02/2020)

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Exchange rates for Canadian Dollar (CAD)

Updated: 2020-02-21
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD GBP 0.5857 CAD to GBP 1.7074 GBP to CAD
CAD BGN 1.368 CAD to BGN 0.731 BGN to CAD
CAD HRK 5.2131 CAD to HRK 0.1918 HRK to CAD
CAD CZK 17.5233 CAD to CZK 0.0571 CZK to CAD
CAD DKK 5.2247 CAD to DKK 0.1914 DKK to CAD
CAD HUF 236.7498 CAD to HUF 0.0042 HUF to CAD
CAD KZT 283.9375 CAD to KZT 0.0035 KZT to CAD
CAD LVL 0.4567 CAD to LVL 2.1898 LVL to CAD
CAD MKD 43.0841 CAD to MKD 0.0232 MKD to CAD
CAD MDL 13.4352 CAD to MDL 0.0744 MDL to CAD
CAD NOK 7.0435 CAD to NOK 0.142 NOK to CAD
CAD PLN 2.993 CAD to PLN 0.3341 PLN to CAD
CAD RON 3.3544 CAD to RON 0.2981 RON to CAD
CAD RUB 48.4669 CAD to RUB 0.0206 RUB to CAD
CAD SEK 7.4129 CAD to SEK 0.1349 SEK to CAD
CAD CHF 0.7424 CAD to CHF 1.347 CHF to CAD
CAD TRY 4.6123 CAD to TRY 0.2168 TRY to CAD
CAD UAH 18.4813 CAD to UAH 0.0541 UAH to CAD
Updated: 2020-02-21
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CAD ARS 46.6372 CAD to ARS 0.0214 ARS to CAD
CAD BOB 5.2223 CAD to BOB 0.1915 BOB to CAD
CAD BRL 3.3171 CAD to BRL 0.3015 BRL to CAD
CAD KYD 0.6294 CAD to KYD 1.5889 KYD to CAD
CAD CLP 611.0453 CAD to CLP 0.0016 CLP to CAD
CAD COP 2570.1143 CAD to COP 0.0004 COP to CAD
CAD CRC 428.5997 CAD to CRC 0.0023 CRC to CAD
CAD DOP 40.3299 CAD to DOP 0.0248 DOP to CAD
CAD SVC 6.6079 CAD to SVC 0.1513 SVC to CAD
CAD FJD 1.6744 CAD to FJD 0.5972 FJD to CAD
CAD HNL 18.6075 CAD to HNL 0.0537 HNL to CAD
CAD JMD 105.9709 CAD to JMD 0.0094 JMD to CAD
CAD MXN 14.2658 CAD to MXN 0.0701 MXN to CAD
CAD ANG 1.3519 CAD to ANG 0.7397 ANG to CAD
CAD PYG 4934.3459 CAD to PYG 0.0002 PYG to CAD
CAD PEN 2.5545 CAD to PEN 0.3915 PEN to CAD
CAD TTD 5.1065 CAD to TTD 0.1958 TTD to CAD
CAD USD 0.7549 CAD to USD 1.3246 USD to CAD
CAD UYU 28.7471 CAD to UYU 0.0348 UYU to CAD
CAD VEF 7.54 CAD to VEF 0.1326 VEF to CAD
Updated: 2020-02-21
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD AUD 1.144 CAD to AUD 0.8741 AUD to CAD
CAD BDT 64.1511 CAD to BDT 0.0156 BDT to CAD
CAD BND 1.0573 CAD to BND 0.9458 BND to CAD
CAD CNY 5.3107 CAD to CNY 0.1883 CNY to CAD
CAD INR 54.336 CAD to INR 0.0184 INR to CAD
CAD IDR 10452.7369 CAD to IDR 0.0001 IDR to CAD
CAD JPY 84.543 CAD to JPY 0.0118 JPY to CAD
CAD MYR 3.1681 CAD to MYR 0.3156 MYR to CAD
CAD MVR 11.6185 CAD to MVR 0.0861 MVR to CAD
CAD NPR 86.4752 CAD to NPR 0.0116 NPR to CAD
CAD NZD 1.1967 CAD to NZD 0.8356 NZD to CAD
CAD PKR 116.5225 CAD to PKR 0.0086 PKR to CAD
CAD PGK 2.5748 CAD to PGK 0.3884 PGK to CAD
CAD PHP 38.3471 CAD to PHP 0.0261 PHP to CAD
CAD SCR 10.346 CAD to SCR 0.0967 SCR to CAD
CAD SGD 1.0575 CAD to SGD 0.9456 SGD to CAD
CAD KRW 912.96 CAD to KRW 0.0011 KRW to CAD
CAD LKR 137.1645 CAD to LKR 0.0073 LKR to CAD
CAD TWD 22.9305 CAD to TWD 0.0436 TWD to CAD
CAD THB 23.8939 CAD to THB 0.0419 THB to CAD
Updated: 2020-02-21
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD BHD 0.2846 CAD to BHD 3.5136 BHD to CAD
CAD EGP 11.7487 CAD to EGP 0.0851 EGP to CAD
CAD HKD 5.8787 CAD to HKD 0.1701 HKD to CAD
CAD ILS 2.5861 CAD to ILS 0.3867 ILS to CAD
CAD JOD 0.5352 CAD to JOD 1.8683 JOD to CAD
CAD KWD 0.2314 CAD to KWD 4.3206 KWD to CAD
CAD LBP 1141.9025 CAD to LBP 0.0009 LBP to CAD
CAD OMR 0.2907 CAD to OMR 3.4405 OMR to CAD
CAD QAR 2.7487 CAD to QAR 0.3638 QAR to CAD
CAD SAR 2.8317 CAD to SAR 0.3531 SAR to CAD
CAD AED 2.773 CAD to AED 0.3606 AED to CAD
CAD YER 188.9994 CAD to YER 0.0053 YER to CAD
Updated: 2020-02-21
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD DZD 91.3117 CAD to DZD 0.011 DZD to CAD
CAD KES 76.43 CAD to KES 0.0131 KES to CAD
CAD MUR 28.4199 CAD to MUR 0.0352 MUR to CAD
CAD MAD 7.3559 CAD to MAD 0.1359 MAD to CAD
CAD NAD 11.4527 CAD to NAD 0.0873 NAD to CAD
CAD NIO 25.4769 CAD to NIO 0.0393 NIO to CAD
CAD NGN 274.4126 CAD to NGN 0.0036 NGN to CAD
CAD SLL 7332.3501 CAD to SLL 0.0001 SLL to CAD
CAD ZAR 11.4074 CAD to ZAR 0.0877 ZAR to CAD
CAD TZS 1744.5994 CAD to TZS 0.0006 TZS to CAD
CAD TND 2.1686 CAD to TND 0.4611 TND to CAD
CAD UGX 2773.1451 CAD to UGX 0.0004 UGX to CAD
CAD XOF 458.8288 CAD to XOF 0.0022 XOF to CAD
CAD ZMK 6795.3394 CAD to ZMK 0.0001 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 Live Currency Converter for CAD

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