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