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Canadian Dollar (CAD) Exchange Rates on 19th March 2024 (19/03/2024)

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Exchange rates for Canadian Dollar (CAD)

Updated: 2024-03-19
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD GBP GBP 0.5804 CAD to GBP 1.7229 GBP to CAD
CAD CAD BGN BGN 1.328 CAD to BGN 0.753 BGN to CAD
CAD CAD HRK HRK 5.082 CAD to HRK 0.1968 HRK to CAD
CAD CAD CZK CZK 17.1389 CAD to CZK 0.0583 CZK to CAD
CAD CAD DKK DKK 5.0637 CAD to DKK 0.1975 DKK to CAD
CAD CAD EEK EEK 0 CAD to EEK 0 EEK to CAD
CAD CAD HUF HUF 268.213 CAD to HUF 0.0037 HUF to CAD
CAD CAD KZT KZT 333.3906 CAD to KZT 0.003 KZT to CAD
CAD CAD LVL LVL 0.4467 CAD to LVL 2.2389 LVL to CAD
CAD CAD LTL LTL 0 CAD to LTL 0 LTL to CAD
CAD CAD MKD MKD 41.7866 CAD to MKD 0.0239 MKD to CAD
CAD CAD MDL MDL 13.0993 CAD to MDL 0.0763 MDL to CAD
CAD CAD NOK NOK 7.8748 CAD to NOK 0.127 NOK to CAD
CAD CAD PLN PLN 2.9355 CAD to PLN 0.3407 PLN to CAD
CAD CAD RON RON 3.3758 CAD to RON 0.2962 RON to CAD
CAD CAD RUB RUB 67.5137 CAD to RUB 0.0148 RUB to CAD
CAD CAD SKK SKK 0 CAD to SKK 0 SKK to CAD
CAD CAD SEK SEK 7.7033 CAD to SEK 0.1298 SEK to CAD
CAD CAD CHF CHF 0.6557 CAD to CHF 1.525 CHF to CAD
CAD CAD TRY TRY 23.8793 CAD to TRY 0.0419 TRY to CAD
CAD CAD UAH UAH 28.884 CAD to UAH 0.0346 UAH to CAD
Updated: 2024-03-19
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD ARS ARS 629.1933 CAD to ARS 0.0016 ARS to CAD
CAD CAD BOB BOB 5.1175 CAD to BOB 0.1954 BOB to CAD
CAD CAD BRL BRL 3.7139 CAD to BRL 0.2693 BRL to CAD
CAD CAD CAD CAD 1 CAD to CAD 1 CAD to CAD
CAD CAD KYD KYD 0.6173 CAD to KYD 1.62 KYD to CAD
CAD CAD CLP CLP 699.2059 CAD to CLP 0.0014 CLP to CAD
CAD CAD COP COP 2872.1268 CAD to COP 0.0003 COP to CAD
CAD CAD CRC CRC 376.8615 CAD to CRC 0.0027 CRC to CAD
CAD CAD DOP DOP 43.8143 CAD to DOP 0.0228 DOP to CAD
CAD CAD SVC SVC 6.4814 CAD to SVC 0.1543 SVC to CAD
CAD CAD FJD FJD 1.6748 CAD to FJD 0.5971 FJD to CAD
CAD CAD HNL HNL 18.2914 CAD to HNL 0.0547 HNL to CAD
CAD CAD JMD JMD 114.1851 CAD to JMD 0.0088 JMD to CAD
CAD CAD MXN MXN 12.4343 CAD to MXN 0.0804 MXN to CAD
CAD CAD ANG ANG 1.3347 CAD to ANG 0.7493 ANG to CAD
CAD CAD PYG PYG 5401.8845 CAD to PYG 0.0002 PYG to CAD
CAD CAD PEN PEN 2.7308 CAD to PEN 0.3662 PEN to CAD
CAD CAD TTD TTD 5.0234 CAD to TTD 0.1991 TTD to CAD
CAD CAD USD USD 0.7384 CAD to USD 1.3543 USD to CAD
CAD CAD UYU UYU 28.4529 CAD to UYU 0.0351 UYU to CAD
CAD CAD VEF VEF 2676844.112 CAD to VEF 0 VEF to CAD
Updated: 2024-03-19
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD AUD AUD 1.1292 CAD to AUD 0.8856 AUD to CAD
CAD CAD BDT BDT 81.2798 CAD to BDT 0.0123 BDT to CAD
CAD CAD BND BND 0.9904 CAD to BND 1.0097 BND to CAD
CAD CAD CNY CNY 5.3155 CAD to CNY 0.1881 CNY to CAD
CAD CAD INR INR 61.2384 CAD to INR 0.0163 INR to CAD
CAD CAD IDR IDR 11600.361 CAD to IDR 0.0001 IDR to CAD
CAD CAD JPY JPY 110.5777 CAD to JPY 0.009 JPY to CAD
CAD CAD MYR MYR 3.4912 CAD to MYR 0.2864 MYR to CAD
CAD CAD MVR MVR 11.3752 CAD to MVR 0.0879 MVR to CAD
CAD CAD NPR NPR 98.2565 CAD to NPR 0.0102 NPR to CAD
CAD CAD NZD NZD 1.2165 CAD to NZD 0.822 NZD to CAD
CAD CAD PKR PKR 207.1383 CAD to PKR 0.0048 PKR to CAD
CAD CAD PGK PGK 2.7923 CAD to PGK 0.3581 PGK to CAD
CAD CAD PHP PHP 41.1547 CAD to PHP 0.0243 PHP to CAD
CAD CAD SCR SCR 10.0071 CAD to SCR 0.0999 SCR to CAD
CAD CAD SGD SGD 0.9895 CAD to SGD 1.0106 SGD to CAD
CAD CAD KRW KRW 987.8557 CAD to KRW 0.001 KRW to CAD
CAD CAD LKR LKR 225.6666 CAD to LKR 0.0044 LKR to CAD
CAD CAD TWD TWD 23.4292 CAD to TWD 0.0427 TWD to CAD
CAD CAD THB THB 26.5789 CAD to THB 0.0376 THB to CAD
Updated: 2024-03-19
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD BHD BHD 0.2782 CAD to BHD 3.594 BHD to CAD
CAD CAD EGP EGP 34.7849 CAD to EGP 0.0287 EGP to CAD
CAD CAD HKD HKD 5.7748 CAD to HKD 0.1732 HKD to CAD
CAD CAD ILS ILS 2.6968 CAD to ILS 0.3708 ILS to CAD
CAD CAD JOD JOD 0.5235 CAD to JOD 1.9104 JOD to CAD
CAD CAD KWD KWD 0.2269 CAD to KWD 4.4066 KWD to CAD
CAD CAD LBP LBP 66330.1719 CAD to LBP 0 LBP to CAD
CAD CAD OMR OMR 0.2842 CAD to OMR 3.5181 OMR to CAD
CAD CAD QAR QAR 2.6884 CAD to QAR 0.372 QAR to CAD
CAD CAD SAR SAR 2.7687 CAD to SAR 0.3612 SAR to CAD
CAD CAD AED AED 2.7112 CAD to AED 0.3688 AED to CAD
CAD CAD YER YER 184.8603 CAD to YER 0.0054 YER to CAD
Updated: 2024-03-19
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD DZD DZD 99.2653 CAD to DZD 0.0101 DZD to CAD
CAD CAD KES KES 100.364 CAD to KES 0.01 KES to CAD
CAD CAD MUR MUR 33.9435 CAD to MUR 0.0295 MUR to CAD
CAD CAD MAD MAD 7.4433 CAD to MAD 0.1343 MAD to CAD
CAD CAD NAD NAD 14.0076 CAD to NAD 0.0714 NAD to CAD
CAD CAD NIO NIO 27.2639 CAD to NIO 0.0367 NIO to CAD
CAD CAD NGN NGN 1155.7686 CAD to NGN 0.0009 NGN to CAD
CAD CAD SLL SLL 16682.4168 CAD to SLL 0.0001 SLL to CAD
CAD CAD ZAR ZAR 14.0051 CAD to ZAR 0.0714 ZAR to CAD
CAD CAD TZS TZS 1884.4126 CAD to TZS 0.0005 TZS to CAD
CAD CAD TND TND 2.2911 CAD to TND 0.4365 TND to CAD
CAD CAD UGX UGX 2877.9276 CAD to UGX 0.0003 UGX to CAD
CAD CAD XOF XOF 445.6549 CAD to XOF 0.0022 XOF to CAD
CAD CAD ZMK ZMK 6646.5426 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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