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Canadian Dollar (CAD) Exchange Rates on 24th December 2024 (24/12/2024)

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Exchange rates for Canadian Dollar (CAD)

Updated: 2024-12-24
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD GBP GBP 0.5537 CAD to GBP 1.8061 GBP to CAD
CAD CAD BGN BGN 1.3062 CAD to BGN 0.7656 BGN to CAD
CAD CAD HRK HRK 4.9959 CAD to HRK 0.2002 HRK to CAD
CAD CAD CZK CZK 16.7453 CAD to CZK 0.0597 CZK to CAD
CAD CAD DKK DKK 4.9747 CAD to DKK 0.201 DKK to CAD
CAD CAD EEK EEK 0 CAD to EEK 0 EEK to CAD
CAD CAD HUF HUF 276.151 CAD to HUF 0.0036 HUF to CAD
CAD CAD KZT KZT 364.2248 CAD to KZT 0.0027 KZT to CAD
CAD CAD LVL LVL 0.4213 CAD to LVL 2.3736 LVL to CAD
CAD CAD LTL LTL 0 CAD to LTL 0 LTL to CAD
CAD CAD MKD MKD 41.0675 CAD to MKD 0.0244 MKD to CAD
CAD CAD MDL MDL 12.7744 CAD to MDL 0.0783 MDL to CAD
CAD CAD NOK NOK 7.8774 CAD to NOK 0.1269 NOK to CAD
CAD CAD PLN PLN 2.8413 CAD to PLN 0.352 PLN to CAD
CAD CAD RON RON 3.3182 CAD to RON 0.3014 RON to CAD
CAD CAD RUB RUB 71.6385 CAD to RUB 0.014 RUB to CAD
CAD CAD SKK SKK 0 CAD to SKK 0 SKK to CAD
CAD CAD SEK SEK 7.6695 CAD to SEK 0.1304 SEK to CAD
CAD CAD CHF CHF 0.6221 CAD to CHF 1.6075 CHF to CAD
CAD CAD TRY TRY 24.5118 CAD to TRY 0.0408 TRY to CAD
CAD CAD UAH UAH 29.0833 CAD to UAH 0.0344 UAH to CAD
Updated: 2024-12-24
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD ARS ARS 708.3785 CAD to ARS 0.0014 ARS to CAD
CAD CAD BOB BOB 4.7925 CAD to BOB 0.2087 BOB to CAD
CAD CAD BRL BRL 4.2348 CAD to BRL 0.2361 BRL to CAD
CAD CAD CAD CAD 1 CAD to CAD 1 CAD to CAD
CAD CAD KYD KYD 0.578 CAD to KYD 1.7302 KYD to CAD
CAD CAD CLP CLP 688.9321 CAD to CLP 0.0015 CLP to CAD
CAD CAD COP COP 3057.5869 CAD to COP 0.0003 COP to CAD
CAD CAD CRC CRC 349.9098 CAD to CRC 0.0029 CRC to CAD
CAD CAD DOP DOP 42.232 CAD to DOP 0.0237 DOP to CAD
CAD CAD SVC SVC 6.0679 CAD to SVC 0.1648 SVC to CAD
CAD CAD FJD FJD 1.6138 CAD to FJD 0.6197 FJD to CAD
CAD CAD HNL HNL 17.605 CAD to HNL 0.0568 HNL to CAD
CAD CAD JMD JMD 108.5098 CAD to JMD 0.0092 JMD to CAD
CAD CAD MXN MXN 13.9755 CAD to MXN 0.0716 MXN to CAD
CAD CAD ANG ANG 1.2499 CAD to ANG 0.8001 ANG to CAD
CAD CAD PYG PYG 5407.2896 CAD to PYG 0.0002 PYG to CAD
CAD CAD PEN PEN 2.5825 CAD to PEN 0.3872 PEN to CAD
CAD CAD TTD TTD 4.7066 CAD to TTD 0.2125 TTD to CAD
CAD CAD USD USD 0.6964 CAD to USD 1.4359 USD to CAD
CAD CAD UYU UYU 30.9302 CAD to UYU 0.0323 UYU to CAD
CAD CAD VEF VEF 2531466.1332 CAD to VEF 0 VEF to CAD
Updated: 2024-12-24
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD AUD AUD 1.1135 CAD to AUD 0.8981 AUD to CAD
CAD CAD BDT BDT 82.8758 CAD to BDT 0.0121 BDT to CAD
CAD CAD BND BND 0.9419 CAD to BND 1.0617 BND to CAD
CAD CAD CNY CNY 5.0833 CAD to CNY 0.1967 CNY to CAD
CAD CAD INR INR 59.2375 CAD to INR 0.0169 INR to CAD
CAD CAD IDR IDR 11280.7647 CAD to IDR 0.0001 IDR to CAD
CAD CAD JPY JPY 109.03 CAD to JPY 0.0092 JPY to CAD
CAD CAD MYR MYR 3.1271 CAD to MYR 0.3198 MYR to CAD
CAD CAD MVR MVR 10.7269 CAD to MVR 0.0932 MVR to CAD
CAD CAD NPR NPR 94.3377 CAD to NPR 0.0106 NPR to CAD
CAD CAD NZD NZD 1.2319 CAD to NZD 0.8118 NZD to CAD
CAD CAD PKR PKR 193.0225 CAD to PKR 0.0052 PKR to CAD
CAD CAD PGK PGK 2.8124 CAD to PGK 0.3556 PGK to CAD
CAD CAD PHP PHP 40.8348 CAD to PHP 0.0245 PHP to CAD
CAD CAD SCR SCR 9.7041 CAD to SCR 0.103 SCR to CAD
CAD CAD SGD SGD 0.9433 CAD to SGD 1.0601 SGD to CAD
CAD CAD KRW KRW 1010.1038 CAD to KRW 0.001 KRW to CAD
CAD CAD LKR LKR 203.619 CAD to LKR 0.0049 LKR to CAD
CAD CAD TWD TWD 22.7683 CAD to TWD 0.0439 TWD to CAD
CAD CAD THB THB 23.8736 CAD to THB 0.0419 THB to CAD
Updated: 2024-12-24
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD BHD BHD 0.2617 CAD to BHD 3.8214 BHD to CAD
CAD CAD EGP EGP 35.4119 CAD to EGP 0.0282 EGP to CAD
CAD CAD HKD HKD 5.4117 CAD to HKD 0.1848 HKD to CAD
CAD CAD ILS ILS 2.5366 CAD to ILS 0.3942 ILS to CAD
CAD CAD JOD JOD 0.4939 CAD to JOD 2.0248 JOD to CAD
CAD CAD KWD KWD 0.2145 CAD to KWD 4.6624 KWD to CAD
CAD CAD LBP LBP 62104.7724 CAD to LBP 0 LBP to CAD
CAD CAD OMR OMR 0.2679 CAD to OMR 3.7322 OMR to CAD
CAD CAD QAR QAR 2.528 CAD to QAR 0.3956 QAR to CAD
CAD CAD SAR SAR 2.6162 CAD to SAR 0.3822 SAR to CAD
CAD CAD AED AED 2.5582 CAD to AED 0.3909 AED to CAD
CAD CAD YER YER 174.3656 CAD to YER 0.0057 YER to CAD
Updated: 2024-12-24
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD CAD DZD DZD 93.8668 CAD to DZD 0.0107 DZD to CAD
CAD CAD KES KES 89.5336 CAD to KES 0.0112 KES to CAD
CAD CAD MUR MUR 32.875 CAD to MUR 0.0304 MUR to CAD
CAD CAD MAD MAD 6.98 CAD to MAD 0.1433 MAD to CAD
CAD CAD NAD NAD 12.7682 CAD to NAD 0.0783 NAD to CAD
CAD CAD NIO NIO 25.5208 CAD to NIO 0.0392 NIO to CAD
CAD CAD NGN NGN 1077.0886 CAD to NGN 0.0009 NGN to CAD
CAD CAD SLL SLL 14603.609 CAD to SLL 0.0001 SLL to CAD
CAD CAD ZAR ZAR 12.7429 CAD to ZAR 0.0785 ZAR to CAD
CAD CAD TZS TZS 1681.86 CAD to TZS 0.0006 TZS to CAD
CAD CAD TND TND 2.2097 CAD to TND 0.4526 TND to CAD
CAD CAD UGX UGX 2543.8181 CAD to UGX 0.0004 UGX to CAD
CAD CAD XOF XOF 437.7323 CAD to XOF 0.0023 XOF to CAD
CAD CAD ZMK ZMK 6268.6261 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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