Canadian Dollar (CAD) Exchange Rates on 24th January 2020 (24/01/2020)

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Exchange rates for Canadian Dollar (CAD)

Updated: 2020-01-24
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD GBP 0.58 CAD to GBP 1.724 GBP to CAD
CAD BGN 1.3483 CAD to BGN 0.7417 BGN to CAD
CAD HRK 5.1319 CAD to HRK 0.1949 HRK to CAD
CAD CZK 17.3479 CAD to CZK 0.0576 CZK to CAD
CAD DKK 5.1514 CAD to DKK 0.1941 DKK to CAD
CAD EEK 0 CAD to EEK 0 EEK to CAD
CAD HUF 232.2359 CAD to HUF 0.0043 HUF to CAD
CAD KZT 288.9183 CAD to KZT 0.0035 KZT to CAD
CAD LVL 0.4608 CAD to LVL 2.1702 LVL to CAD
CAD LTL 2.2493 CAD to LTL 0.4446 LTL to CAD
CAD MKD 42.4557 CAD to MKD 0.0236 MKD to CAD
CAD MDL 13.5587 CAD to MDL 0.0738 MDL to CAD
CAD NOK 6.8527 CAD to NOK 0.1459 NOK to CAD
CAD PLN 2.9269 CAD to PLN 0.3417 PLN to CAD
CAD RON 3.2957 CAD to RON 0.3034 RON to CAD
CAD RUB 47.1407 CAD to RUB 0.0212 RUB to CAD
CAD SKK 0 CAD to SKK 0 SKK to CAD
CAD SEK 7.2621 CAD to SEK 0.1377 SEK to CAD
CAD CHF 0.7392 CAD to CHF 1.3528 CHF to CAD
CAD TRY 4.5181 CAD to TRY 0.2213 TRY to CAD
CAD UAH 18.7133 CAD to UAH 0.0534 UAH to CAD
Updated: 2020-01-24
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD ARS 45.7035 CAD to ARS 0.0219 ARS to CAD
CAD BOB 5.2844 CAD to BOB 0.1892 BOB to CAD
CAD BRL 3.1772 CAD to BRL 0.3147 BRL to CAD
CAD CAD 1 CAD to CAD 1 CAD to CAD
CAD KYD 0.6368 CAD to KYD 1.5703 KYD to CAD
CAD CLP 593.5703 CAD to CLP 0.0017 CLP to CAD
CAD COP 2560.5818 CAD to COP 0.0004 COP to CAD
CAD CRC 431.5795 CAD to CRC 0.0023 CRC to CAD
CAD DOP 40.647 CAD to DOP 0.0246 DOP to CAD
CAD SVC 6.6865 CAD to SVC 0.1496 SVC to CAD
CAD FJD 1.6536 CAD to FJD 0.6047 FJD to CAD
CAD HNL 18.82 CAD to HNL 0.0531 HNL to CAD
CAD JMD 106.2267 CAD to JMD 0.0094 JMD to CAD
CAD MXN 14.2896 CAD to MXN 0.07 MXN to CAD
CAD ANG 1.2685 CAD to ANG 0.7883 ANG to CAD
CAD PYG 4987.887 CAD to PYG 0.0002 PYG to CAD
CAD PEN 2.536 CAD to PEN 0.3943 PEN to CAD
CAD TTD 5.1672 CAD to TTD 0.1935 TTD to CAD
CAD USD 0.7618 CAD to USD 1.3127 USD to CAD
CAD UYU 28.5888 CAD to UYU 0.035 UYU to CAD
CAD VEF 7.6083 CAD to VEF 0.1314 VEF to CAD
Updated: 2020-01-24
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD AUD 1.1131 CAD to AUD 0.8984 AUD to CAD
CAD BDT 64.8758 CAD to BDT 0.0154 BDT to CAD
CAD BND 1.031 CAD to BND 0.9699 BND to CAD
CAD CNY 5.2842 CAD to CNY 0.1892 CNY to CAD
CAD INR 54.2828 CAD to INR 0.0184 INR to CAD
CAD IDR 10345.1802 CAD to IDR 0.0001 IDR to CAD
CAD JPY 83.4437 CAD to JPY 0.012 JPY to CAD
CAD MYR 3.0947 CAD to MYR 0.3231 MYR to CAD
CAD MVR 11.7693 CAD to MVR 0.085 MVR to CAD
CAD NPR 87.0834 CAD to NPR 0.0115 NPR to CAD
CAD NZD 1.1516 CAD to NZD 0.8684 NZD to CAD
CAD PKR 118.2396 CAD to PKR 0.0085 PKR to CAD
CAD PGK 2.6379 CAD to PGK 0.3791 PGK to CAD
CAD PHP 38.7459 CAD to PHP 0.0258 PHP to CAD
CAD SCR 10.4355 CAD to SCR 0.0958 SCR to CAD
CAD SGD 1.0282 CAD to SGD 0.9725 SGD to CAD
CAD KRW 889.7873 CAD to KRW 0.0011 KRW to CAD
CAD LKR 138.72 CAD to LKR 0.0072 LKR to CAD
CAD TWD 22.8553 CAD to TWD 0.0438 TWD to CAD
CAD THB 23.2297 CAD to THB 0.043 THB to CAD
Updated: 2020-01-24
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD BHD 0.2872 CAD to BHD 3.482 BHD to CAD
CAD EGP 12.0127 CAD to EGP 0.0832 EGP to CAD
CAD HKD 5.9208 CAD to HKD 0.1689 HKD to CAD
CAD ILS 2.6323 CAD to ILS 0.3799 ILS to CAD
CAD JOD 0.5401 CAD to JOD 1.8515 JOD to CAD
CAD KWD 0.2314 CAD to KWD 4.3214 KWD to CAD
CAD LBP 1155.6033 CAD to LBP 0.0009 LBP to CAD
CAD OMR 0.2929 CAD to OMR 3.4144 OMR to CAD
CAD QAR 2.7736 CAD to QAR 0.3605 QAR to CAD
CAD SAR 2.8577 CAD to SAR 0.3499 SAR to CAD
CAD AED 2.798 CAD to AED 0.3574 AED to CAD
CAD YER 190.7116 CAD to YER 0.0052 YER to CAD
Updated: 2020-01-24
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD DZD 91.2269 CAD to DZD 0.011 DZD to CAD
CAD KES 76.8181 CAD to KES 0.013 KES to CAD
CAD MUR 27.9881 CAD to MUR 0.0357 MUR to CAD
CAD MAD 7.3489 CAD to MAD 0.1361 MAD to CAD
CAD NAD 10.9679 CAD to NAD 0.0912 NAD to CAD
CAD NIO 25.7801 CAD to NIO 0.0388 NIO to CAD
CAD NGN 275.3827 CAD to NGN 0.0036 NGN to CAD
CAD SLL 7398.764 CAD to SLL 0.0001 SLL to CAD
CAD ZAR 10.9497 CAD to ZAR 0.0913 ZAR to CAD
CAD TZS 1756.3533 CAD to TZS 0.0006 TZS to CAD
CAD TND 2.1511 CAD to TND 0.4649 TND to CAD
CAD UGX 2810.7028 CAD to UGX 0.0004 UGX to CAD
CAD XOF 451.987 CAD to XOF 0.0022 XOF to CAD
CAD ZMK 6856.9249 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
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
XE.com Live Currency Converter for CAD

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