Canadian Dollar (CAD) Exchange Rates on 10th December 2019 (10/12/2019)

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Exchange rates for Canadian Dollar (CAD)

Updated: 2019-12-10
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD GBP 0.5727 CAD to GBP 1.7462 GBP to CAD
CAD BGN 1.3338 CAD to BGN 0.7497 BGN to CAD
CAD HRK 5.0742 CAD to HRK 0.1971 HRK to CAD
CAD CZK 17.4181 CAD to CZK 0.0574 CZK to CAD
CAD DKK 5.0956 CAD to DKK 0.1962 DKK to CAD
CAD EEK 0 CAD to EEK 0 EEK to CAD
CAD HUF 225.6994 CAD to HUF 0.0044 HUF to CAD
CAD KZT 292.0271 CAD to KZT 0.0034 KZT to CAD
CAD LVL 0.4563 CAD to LVL 2.1916 LVL to CAD
CAD LTL 2.2273 CAD to LTL 0.449 LTL to CAD
CAD MKD 42.0285 CAD to MKD 0.0238 MKD to CAD
CAD MDL 13.1619 CAD to MDL 0.076 MDL to CAD
CAD NOK 6.8847 CAD to NOK 0.1452 NOK to CAD
CAD PLN 2.9153 CAD to PLN 0.343 PLN to CAD
CAD RON 3.2595 CAD to RON 0.3068 RON to CAD
CAD RUB 48.0321 CAD to RUB 0.0208 RUB to CAD
CAD SKK 0 CAD to SKK 0 SKK to CAD
CAD SEK 7.1659 CAD to SEK 0.1395 SEK to CAD
CAD CHF 0.7473 CAD to CHF 1.3382 CHF to CAD
CAD TRY 4.3617 CAD to TRY 0.2293 TRY to CAD
CAD UAH 17.9461 CAD to UAH 0.0557 UAH to CAD
Updated: 2019-12-10
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD ARS 45.3606 CAD to ARS 0.022 ARS to CAD
CAD BOB 5.2326 CAD to BOB 0.1911 BOB to CAD
CAD BRL 3.1239 CAD to BRL 0.3201 BRL to CAD
CAD CAD 1 CAD to CAD 1 CAD to CAD
CAD KYD 0.6306 CAD to KYD 1.5858 KYD to CAD
CAD CLP 589.8766 CAD to CLP 0.0017 CLP to CAD
CAD COP 2583.1575 CAD to COP 0.0004 COP to CAD
CAD CRC 428.2928 CAD to CRC 0.0023 CRC to CAD
CAD DOP 40.0067 CAD to DOP 0.025 DOP to CAD
CAD SVC 6.6213 CAD to SVC 0.151 SVC to CAD
CAD FJD 1.6402 CAD to FJD 0.6097 FJD to CAD
CAD HNL 18.6313 CAD to HNL 0.0537 HNL to CAD
CAD JMD 106.0264 CAD to JMD 0.0094 JMD to CAD
CAD MXN 14.5191 CAD to MXN 0.0689 MXN to CAD
CAD ANG 1.2977 CAD to ANG 0.7706 ANG to CAD
CAD PYG 4874.3175 CAD to PYG 0.0002 PYG to CAD
CAD PEN 2.5568 CAD to PEN 0.3911 PEN to CAD
CAD TTD 5.1127 CAD to TTD 0.1956 TTD to CAD
CAD USD 0.7543 CAD to USD 1.3257 USD to CAD
CAD UYU 28.6275 CAD to UYU 0.0349 UYU to CAD
CAD VEF 7.5337 CAD to VEF 0.1327 VEF to CAD
Updated: 2019-12-10
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD AUD 1.1036 CAD to AUD 0.9061 AUD to CAD
CAD BDT 64.1677 CAD to BDT 0.0156 BDT to CAD
CAD BND 1.029 CAD to BND 0.9718 BND to CAD
CAD CNY 5.3084 CAD to CNY 0.1884 CNY to CAD
CAD INR 53.6736 CAD to INR 0.0186 INR to CAD
CAD IDR 10571.28 CAD to IDR 0.0001 IDR to CAD
CAD JPY 81.9114 CAD to JPY 0.0122 JPY to CAD
CAD MYR 3.1387 CAD to MYR 0.3186 MYR to CAD
CAD MVR 11.654 CAD to MVR 0.0858 MVR to CAD
CAD NPR 86.2316 CAD to NPR 0.0116 NPR to CAD
CAD NZD 1.1498 CAD to NZD 0.8697 NZD to CAD
CAD PKR 117.2689 CAD to PKR 0.0085 PKR to CAD
CAD PGK 2.5759 CAD to PGK 0.3882 PGK to CAD
CAD PHP 38.3306 CAD to PHP 0.0261 PHP to CAD
CAD SCR 10.3368 CAD to SCR 0.0967 SCR to CAD
CAD SGD 1.0257 CAD to SGD 0.9749 SGD to CAD
CAD KRW 897.4795 CAD to KRW 0.0011 KRW to CAD
CAD LKR 137.1127 CAD to LKR 0.0073 LKR to CAD
CAD TWD 22.9803 CAD to TWD 0.0435 TWD to CAD
CAD THB 22.8934 CAD to THB 0.0437 THB to CAD
Updated: 2019-12-10
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD BHD 0.2845 CAD to BHD 3.5148 BHD to CAD
CAD EGP 12.1737 CAD to EGP 0.0821 EGP to CAD
CAD HKD 5.9041 CAD to HKD 0.1694 HKD to CAD
CAD ILS 2.6179 CAD to ILS 0.382 ILS to CAD
CAD JOD 0.5348 CAD to JOD 1.8698 JOD to CAD
CAD KWD 0.229 CAD to KWD 4.3668 KWD to CAD
CAD LBP 1144.112 CAD to LBP 0.0009 LBP to CAD
CAD OMR 0.2905 CAD to OMR 3.4426 OMR to CAD
CAD QAR 2.7463 CAD to QAR 0.3641 QAR to CAD
CAD SAR 2.8288 CAD to SAR 0.3535 SAR to CAD
CAD AED 2.7707 CAD to AED 0.3609 AED to CAD
CAD YER 188.8434 CAD to YER 0.0053 YER to CAD
Updated: 2019-12-10
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD DZD 90.3646 CAD to DZD 0.0111 DZD to CAD
CAD KES 76.7293 CAD to KES 0.013 KES to CAD
CAD MUR 27.537 CAD to MUR 0.0363 MUR to CAD
CAD MAD 7.2883 CAD to MAD 0.1372 MAD to CAD
CAD NAD 11.0507 CAD to NAD 0.0905 NAD to CAD
CAD NIO 25.5268 CAD to NIO 0.0392 NIO to CAD
CAD NGN 273.4147 CAD to NGN 0.0037 NGN to CAD
CAD SLL 7354.5759 CAD to SLL 0.0001 SLL to CAD
CAD ZAR 11.0229 CAD to ZAR 0.0907 ZAR to CAD
CAD TZS 1733.1218 CAD to TZS 0.0006 TZS to CAD
CAD TND 2.1532 CAD to TND 0.4644 TND to CAD
CAD UGX 2788.4146 CAD to UGX 0.0004 UGX to CAD
CAD XOF 447.4383 CAD to XOF 0.0022 XOF to CAD
CAD ZMK 6789.7513 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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