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Canadian Dollar (CAD) Exchange Rates on 06th June 2023 (06/06/2023)

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Exchange rates for Canadian Dollar (CAD)

Updated: 2023-06-06
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD GBP GBP 0.5984 CAD to GBP 1.671 GBP to CAD
CAD CAD BGN BGN 1.3587 CAD to BGN 0.736 BGN to CAD
CAD CAD HRK HRK 5.1702 CAD to HRK 0.1934 HRK to CAD
CAD CAD CZK CZK 16.3525 CAD to CZK 0.0612 CZK to CAD
CAD CAD DKK DKK 5.1754 CAD to DKK 0.1932 DKK to CAD
CAD CAD HUF HUF 256.568 CAD to HUF 0.0039 HUF to CAD
CAD CAD KZT KZT 332.9988 CAD to KZT 0.003 KZT to CAD
CAD CAD LVL LVL 0.4504 CAD to LVL 2.2205 LVL to CAD
CAD CAD MKD MKD 42.7443 CAD to MKD 0.0234 MKD to CAD
CAD CAD MDL MDL 13.2382 CAD to MDL 0.0755 MDL to CAD
CAD CAD NOK NOK 8.2091 CAD to NOK 0.1218 NOK to CAD
CAD CAD PLN PLN 3.1096 CAD to PLN 0.3216 PLN to CAD
CAD CAD RON RON 3.4488 CAD to RON 0.29 RON to CAD
CAD CAD RUB RUB 60.2014 CAD to RUB 0.0166 RUB to CAD
CAD CAD SEK SEK 8.0701 CAD to SEK 0.1239 SEK to CAD
CAD CAD CHF CHF 0.6743 CAD to CHF 1.483 CHF to CAD
CAD CAD TRY TRY 15.8845 CAD to TRY 0.063 TRY to CAD
CAD CAD UAH UAH 27.4378 CAD to UAH 0.0364 UAH to CAD
Updated: 2023-06-06
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD ARS ARS 180.5082 CAD to ARS 0.0055 ARS to CAD
CAD CAD BOB BOB 5.1335 CAD to BOB 0.1948 BOB to CAD
CAD CAD BRL BRL 3.6682 CAD to BRL 0.2726 BRL to CAD
CAD CAD KYD KYD 0.6191 CAD to KYD 1.6151 KYD to CAD
CAD CAD CLP CLP 593.8277 CAD to CLP 0.0017 CLP to CAD
CAD CAD COP COP 3198.4425 CAD to COP 0.0003 COP to CAD
CAD CAD CRC CRC 399.6832 CAD to CRC 0.0025 CRC to CAD
CAD CAD DOP DOP 40.7603 CAD to DOP 0.0245 DOP to CAD
CAD CAD SVC SVC 6.5006 CAD to SVC 0.1538 SVC to CAD
CAD CAD FJD FJD 1.6656 CAD to FJD 0.6004 FJD to CAD
CAD CAD HNL HNL 18.2709 CAD to HNL 0.0547 HNL to CAD
CAD CAD JMD JMD 115.0277 CAD to JMD 0.0087 JMD to CAD
CAD CAD MXN MXN 12.9961 CAD to MXN 0.0769 MXN to CAD
CAD CAD ANG ANG 1.3388 CAD to ANG 0.7469 ANG to CAD
CAD CAD PYG PYG 5359.8804 CAD to PYG 0.0002 PYG to CAD
CAD CAD PEN PEN 2.7392 CAD to PEN 0.3651 PEN to CAD
CAD CAD TTD TTD 5.0354 CAD to TTD 0.1986 TTD to CAD
CAD CAD USD USD 0.7445 CAD to USD 1.3432 USD to CAD
CAD CAD UYU UYU 28.8315 CAD to UYU 0.0347 UYU to CAD
CAD CAD VEF VEF 1965906.0252 CAD to VEF 0 VEF to CAD
Updated: 2023-06-06
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD AUD AUD 1.125 CAD to AUD 0.8889 AUD to CAD
CAD CAD BDT BDT 80.0343 CAD to BDT 0.0125 BDT to CAD
CAD CAD BND BND 1.0045 CAD to BND 0.9956 BND to CAD
CAD CAD CNY CNY 5.2943 CAD to CNY 0.1889 CNY to CAD
CAD CAD INR INR 61.4825 CAD to INR 0.0163 INR to CAD
CAD CAD IDR IDR 11044.9599 CAD to IDR 0.0001 IDR to CAD
CAD CAD JPY JPY 103.8879 CAD to JPY 0.0096 JPY to CAD
CAD CAD MYR MYR 3.4237 CAD to MYR 0.2921 MYR to CAD
CAD CAD MVR MVR 11.4358 CAD to MVR 0.0874 MVR to CAD
CAD CAD NPR NPR 98.1723 CAD to NPR 0.0102 NPR to CAD
CAD CAD NZD NZD 1.2255 CAD to NZD 0.816 NZD to CAD
CAD CAD PKR PKR 212.5381 CAD to PKR 0.0047 PKR to CAD
CAD CAD PGK PGK 2.6365 CAD to PGK 0.3793 PGK to CAD
CAD CAD PHP PHP 41.8638 CAD to PHP 0.0239 PHP to CAD
CAD CAD SCR SCR 10.4196 CAD to SCR 0.096 SCR to CAD
CAD CAD SGD SGD 1.0046 CAD to SGD 0.9954 SGD to CAD
CAD CAD KRW KRW 967.6914 CAD to KRW 0.001 KRW to CAD
CAD CAD LKR LKR 216.1869 CAD to LKR 0.0046 LKR to CAD
CAD CAD TWD TWD 22.8587 CAD to TWD 0.0437 TWD to CAD
CAD CAD THB THB 25.9014 CAD to THB 0.0386 THB to CAD
Updated: 2023-06-06
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD BHD BHD 0.2807 CAD to BHD 3.5626 BHD to CAD
CAD CAD EGP EGP 22.9315 CAD to EGP 0.0436 EGP to CAD
CAD CAD HKD HKD 5.8374 CAD to HKD 0.1713 HKD to CAD
CAD CAD ILS ILS 2.7846 CAD to ILS 0.3591 ILS to CAD
CAD CAD JOD JOD 0.5281 CAD to JOD 1.8936 JOD to CAD
CAD CAD KWD KWD 0.2291 CAD to KWD 4.365 KWD to CAD
CAD CAD LBP LBP 11150.6631 CAD to LBP 0.0001 LBP to CAD
CAD CAD OMR OMR 0.2867 CAD to OMR 3.4885 OMR to CAD
CAD CAD QAR QAR 2.7104 CAD to QAR 0.3689 QAR to CAD
CAD CAD SAR SAR 2.792 CAD to SAR 0.3582 SAR to CAD
CAD CAD AED AED 2.7345 CAD to AED 0.3657 AED to CAD
CAD CAD YER YER 186.3484 CAD to YER 0.0054 YER to CAD
Updated: 2023-06-06
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD DZD DZD 101.6844 CAD to DZD 0.0098 DZD to CAD
CAD CAD KES KES 103.2653 CAD to KES 0.0097 KES to CAD
CAD CAD MUR MUR 33.9468 CAD to MUR 0.0295 MUR to CAD
CAD CAD MAD MAD 7.5355 CAD to MAD 0.1327 MAD to CAD
CAD CAD NAD NAD 14.5327 CAD to NAD 0.0688 NAD to CAD
CAD CAD NIO NIO 27.1712 CAD to NIO 0.0368 NIO to CAD
CAD CAD NGN NGN 343.6319 CAD to NGN 0.0029 NGN to CAD
CAD CAD SLL SLL 14704.1711 CAD to SLL 0.0001 SLL to CAD
CAD CAD ZAR ZAR 14.3443 CAD to ZAR 0.0697 ZAR to CAD
CAD CAD TZS TZS 1763.7597 CAD to TZS 0.0006 TZS to CAD
CAD CAD TND TND 2.3171 CAD to TND 0.4316 TND to CAD
CAD CAD UGX UGX 2774.7597 CAD to UGX 0.0004 UGX to CAD
CAD CAD XOF XOF 455.7162 CAD to XOF 0.0022 XOF to CAD
CAD CAD ZMK ZMK 6701.55 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

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