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Canadian Dollar (CAD) Exchange Rates on 27th April 2024 (27/04/2024)

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Exchange rates for Canadian Dollar (CAD)

					Updated: 2024-04-27
Convert from	Convert to	1 CAD	Conversion	in currency	Conversion
CAD	GBP	0.5853	CAD to GBP	1.7084	GBP to CAD
CAD	BGN	1.3359	CAD to BGN	0.7486	BGN to CAD
CAD	HRK	5.1754	CAD to HRK	0.1932	HRK to CAD
CAD	CZK	17.174	CAD to CZK	0.0582	CZK to CAD
CAD	DKK	5.0954	CAD to DKK	0.1963	DKK to CAD
CAD	EEK	0	CAD to EEK	0	EEK to CAD
CAD	HUF	268.6749	CAD to HUF	0.0037	HUF to CAD
CAD	KZT	324.4224	CAD to KZT	0.0031	KZT to CAD
CAD	LVL	0.4422	CAD to LVL	2.2616	LVL to CAD
CAD	LTL	0	CAD to LTL	0	LTL to CAD
CAD	MKD	42.0385	CAD to MKD	0.0238	MKD to CAD
CAD	MDL	13.021	CAD to MDL	0.0768	MDL to CAD
CAD	NOK	8.069	CAD to NOK	0.1239	NOK to CAD
CAD	PLN	2.9492	CAD to PLN	0.3391	PLN to CAD
CAD	RON	3.4041	CAD to RON	0.2938	RON to CAD
CAD	RUB	67.4541	CAD to RUB	0.0148	RUB to CAD
CAD	SKK	0	CAD to SKK	0	SKK to CAD
CAD	SEK	7.9597	CAD to SEK	0.1256	SEK to CAD
CAD	CHF	0.6687	CAD to CHF	1.4953	CHF to CAD
CAD	TRY	23.7624	CAD to TRY	0.0421	TRY to CAD
CAD	UAH	29.0165	CAD to UAH	0.0345	UAH to CAD

					Updated: 2024-04-27
Convert from	Convert to	1 CAD	Conversion	in currency	Conversion
CAD	ARS	640.2588	CAD to ARS	0.0016	ARS to CAD
CAD	BOB	5.0819	CAD to BOB	0.1968	BOB to CAD
CAD	BRL	3.7399	CAD to BRL	0.2674	BRL to CAD
CAD	CAD	1	CAD to CAD	1	CAD to CAD
CAD	KYD	0.6106	CAD to KYD	1.6376	KYD to CAD
CAD	CLP	695.8586	CAD to CLP	0.0014	CLP to CAD
CAD	COP	2848.3705	CAD to COP	0.0004	COP to CAD
CAD	CRC	372.3316	CAD to CRC	0.0027	CRC to CAD
CAD	DOP	42.9572	CAD to DOP	0.0233	DOP to CAD
CAD	SVC	6.4118	CAD to SVC	0.156	SVC to CAD
CAD	FJD	1.6538	CAD to FJD	0.6047	FJD to CAD
CAD	HNL	18.0947	CAD to HNL	0.0553	HNL to CAD
CAD	JMD	114.3909	CAD to JMD	0.0087	JMD to CAD
CAD	MXN	12.5435	CAD to MXN	0.0797	MXN to CAD
CAD	ANG	1.3206	CAD to ANG	0.7572	ANG to CAD
CAD	PYG	5456.2268	CAD to PYG	0.0002	PYG to CAD
CAD	PEN	2.7528	CAD to PEN	0.3633	PEN to CAD
CAD	TTD	4.9788	CAD to TTD	0.2009	TTD to CAD
CAD	USD	0.731	CAD to USD	1.368	USD to CAD
CAD	UYU	28.2335	CAD to UYU	0.0354	UYU to CAD
CAD	VEF	2648141.7953	CAD to VEF	0	VEF to CAD

					Updated: 2024-04-27
Convert from	Convert to	1 CAD	Conversion	in currency	Conversion
CAD	AUD	1.1194	CAD to AUD	0.8933	AUD to CAD
CAD	BDT	80.4226	CAD to BDT	0.0124	BDT to CAD
CAD	BND	0.9974	CAD to BND	1.0026	BND to CAD
CAD	CNY	5.2967	CAD to CNY	0.1888	CNY to CAD
CAD	INR	60.965	CAD to INR	0.0164	INR to CAD
CAD	IDR	11871.864	CAD to IDR	0.0001	IDR to CAD
CAD	JPY	115.5625	CAD to JPY	0.0087	JPY to CAD
CAD	MYR	3.4849	CAD to MYR	0.287	MYR to CAD
CAD	MVR	11.3011	CAD to MVR	0.0885	MVR to CAD
CAD	NPR	97.6925	CAD to NPR	0.0102	NPR to CAD
CAD	NZD	1.2307	CAD to NZD	0.8126	NZD to CAD
CAD	PKR	204.0031	CAD to PKR	0.0049	PKR to CAD
CAD	PGK	2.8285	CAD to PGK	0.3535	PGK to CAD
CAD	PHP	42.132	CAD to PHP	0.0237	PHP to CAD
CAD	SCR	9.8937	CAD to SCR	0.1011	SCR to CAD
CAD	SGD	0.996	CAD to SGD	1.004	SGD to CAD
CAD	KRW	1007.3404	CAD to KRW	0.001	KRW to CAD
CAD	LKR	216.9032	CAD to LKR	0.0046	LKR to CAD
CAD	TWD	23.8318	CAD to TWD	0.042	TWD to CAD
CAD	THB	27.0568	CAD to THB	0.037	THB to CAD

					Updated: 2024-04-27
Convert from	Convert to	1 CAD	Conversion	in currency	Conversion
CAD	BHD	0.2753	CAD to BHD	3.6319	BHD to CAD
CAD	EGP	34.9852	CAD to EGP	0.0286	EGP to CAD
CAD	HKD	5.7223	CAD to HKD	0.1748	HKD to CAD
CAD	ILS	2.7981	CAD to ILS	0.3574	ILS to CAD
CAD	JOD	0.518	CAD to JOD	1.9304	JOD to CAD
CAD	KWD	0.2252	CAD to KWD	4.4402	KWD to CAD
CAD	LBP	65619.6649	CAD to LBP	0	LBP to CAD
CAD	OMR	0.2812	CAD to OMR	3.5565	OMR to CAD
CAD	QAR	2.6612	CAD to QAR	0.3758	QAR to CAD
CAD	SAR	2.7415	CAD to SAR	0.3648	SAR to CAD
CAD	AED	2.6848	CAD to AED	0.3725	AED to CAD
CAD	YER	183.0166	CAD to YER	0.0055	YER to CAD

					Updated: 2024-04-27
Convert from	Convert to	1 CAD	Conversion	in currency	Conversion
CAD	DZD	98.0788	CAD to DZD	0.0102	DZD to CAD
CAD	KES	97.0889	CAD to KES	0.0103	KES to CAD
CAD	MUR	33.8521	CAD to MUR	0.0295	MUR to CAD
CAD	MAD	7.4019	CAD to MAD	0.1351	MAD to CAD
CAD	NAD	13.896	CAD to NAD	0.072	NAD to CAD
CAD	NIO	26.9669	CAD to NIO	0.0371	NIO to CAD
CAD	NGN	954.8067	CAD to NGN	0.001	NGN to CAD
CAD	SLL	15328.0492	CAD to SLL	0.0001	SLL to CAD
CAD	ZAR	13.7127	CAD to ZAR	0.0729	ZAR to CAD
CAD	TZS	1897.8603	CAD to TZS	0.0005	TZS to CAD
CAD	TND	2.3011	CAD to TND	0.4346	TND to CAD
CAD	UGX	2795.0497	CAD to UGX	0.0004	UGX to CAD
CAD	XOF	448.0528	CAD to XOF	0.0022	XOF to CAD
CAD	ZMK	6579.5848	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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