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Canadian Dollar (CAD) Exchange Rates on 27th September 2023 (27/09/2023)

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Exchange rates for Canadian Dollar (CAD)

					Updated: 2023-09-27
Convert from	Convert to	1 CAD	Conversion	in currency	Conversion
CAD	GBP	0.6091	CAD to GBP	1.6418	GBP to CAD
CAD	BGN	1.368	CAD to BGN	0.731	BGN to CAD
CAD	HRK	5.1881	CAD to HRK	0.1927	HRK to CAD
CAD	CZK	17.0983	CAD to CZK	0.0585	CZK to CAD
CAD	DKK	5.2211	CAD to DKK	0.1915	DKK to CAD
CAD	EEK	0	CAD to EEK	0	EEK to CAD
CAD	HUF	273.5367	CAD to HUF	0.0037	HUF to CAD
CAD	KZT	355.8946	CAD to KZT	0.0028	KZT to CAD
CAD	LVL	0.4474	CAD to LVL	2.2352	LVL to CAD
CAD	LTL	0	CAD to LTL	0	LTL to CAD
CAD	MKD	43.0795	CAD to MKD	0.0232	MKD to CAD
CAD	MDL	13.481	CAD to MDL	0.0742	MDL to CAD
CAD	NOK	8.0019	CAD to NOK	0.125	NOK to CAD
CAD	PLN	3.226	CAD to PLN	0.31	PLN to CAD
CAD	RON	3.4817	CAD to RON	0.2872	RON to CAD
CAD	RUB	70.3825	CAD to RUB	0.0142	RUB to CAD
CAD	SKK	0	CAD to SKK	0	SKK to CAD
CAD	SEK	8.1347	CAD to SEK	0.1229	SEK to CAD
CAD	CHF	0.6781	CAD to CHF	1.4747	CHF to CAD
CAD	TRY	20.1971	CAD to TRY	0.0495	TRY to CAD
CAD	UAH	27.41	CAD to UAH	0.0365	UAH to CAD

					Updated: 2023-09-27
Convert from	Convert to	1 CAD	Conversion	in currency	Conversion
CAD	ARS	258.8755	CAD to ARS	0.0039	ARS to CAD
CAD	BOB	5.1283	CAD to BOB	0.195	BOB to CAD
CAD	BRL	3.6889	CAD to BRL	0.2711	BRL to CAD
CAD	CAD	1	CAD to CAD	1	CAD to CAD
CAD	KYD	0.6184	CAD to KYD	1.617	KYD to CAD
CAD	CLP	668.676	CAD to CLP	0.0015	CLP to CAD
CAD	COP	3008.7273	CAD to COP	0.0003	COP to CAD
CAD	CRC	399.6411	CAD to CRC	0.0025	CRC to CAD
CAD	DOP	42.0932	CAD to DOP	0.0238	DOP to CAD
CAD	SVC	6.6467	CAD to SVC	0.1505	SVC to CAD
CAD	FJD	1.7003	CAD to FJD	0.5881	FJD to CAD
CAD	HNL	18.2969	CAD to HNL	0.0547	HNL to CAD
CAD	JMD	114.6741	CAD to JMD	0.0087	JMD to CAD
CAD	MXN	12.9729	CAD to MXN	0.0771	MXN to CAD
CAD	ANG	1.3375	CAD to ANG	0.7476	ANG to CAD
CAD	PYG	5409.0883	CAD to PYG	0.0002	PYG to CAD
CAD	PEN	2.8037	CAD to PEN	0.3567	PEN to CAD
CAD	TTD	5.0344	CAD to TTD	0.1986	TTD to CAD
CAD	USD	0.7396	CAD to USD	1.3521	USD to CAD
CAD	UYU	28.3029	CAD to UYU	0.0353	UYU to CAD
CAD	VEF	2508650.904	CAD to VEF	0	VEF to CAD

					Updated: 2023-09-27
Convert from	Convert to	1 CAD	Conversion	in currency	Conversion
CAD	AUD	1.1589	CAD to AUD	0.8629	AUD to CAD
CAD	BDT	81.827	CAD to BDT	0.0122	BDT to CAD
CAD	BND	1.0152	CAD to BND	0.985	BND to CAD
CAD	CNY	5.4019	CAD to CNY	0.1851	CNY to CAD
CAD	INR	61.547	CAD to INR	0.0162	INR to CAD
CAD	IDR	11483.1768	CAD to IDR	0.0001	IDR to CAD
CAD	JPY	110.2256	CAD to JPY	0.0091	JPY to CAD
CAD	MYR	3.481	CAD to MYR	0.2873	MYR to CAD
CAD	MVR	11.4347	CAD to MVR	0.0875	MVR to CAD
CAD	NPR	98.7999	CAD to NPR	0.0101	NPR to CAD
CAD	NZD	1.2476	CAD to NZD	0.8015	NZD to CAD
CAD	PKR	212.2493	CAD to PKR	0.0047	PKR to CAD
CAD	PGK	2.7014	CAD to PGK	0.3702	PGK to CAD
CAD	PHP	42.1151	CAD to PHP	0.0237	PHP to CAD
CAD	SCR	9.7097	CAD to SCR	0.103	SCR to CAD
CAD	SGD	1.0138	CAD to SGD	0.9864	SGD to CAD
CAD	KRW	998.992	CAD to KRW	0.001	KRW to CAD
CAD	LKR	240.5059	CAD to LKR	0.0042	LKR to CAD
CAD	TWD	23.8443	CAD to TWD	0.0419	TWD to CAD
CAD	THB	26.9994	CAD to THB	0.037	THB to CAD

					Updated: 2023-09-27
Convert from	Convert to	1 CAD	Conversion	in currency	Conversion
CAD	BHD	0.2788	CAD to BHD	3.5862	BHD to CAD
CAD	EGP	22.8725	CAD to EGP	0.0437	EGP to CAD
CAD	HKD	5.7841	CAD to HKD	0.1729	HKD to CAD
CAD	ILS	2.8298	CAD to ILS	0.3534	ILS to CAD
CAD	JOD	0.525	CAD to JOD	1.9049	JOD to CAD
CAD	KWD	0.2287	CAD to KWD	4.3729	KWD to CAD
CAD	LBP	11128.8531	CAD to LBP	0.0001	LBP to CAD
CAD	OMR	0.2848	CAD to OMR	3.5118	OMR to CAD
CAD	QAR	2.6929	CAD to QAR	0.3713	QAR to CAD
CAD	SAR	2.7733	CAD to SAR	0.3606	SAR to CAD
CAD	AED	2.7166	CAD to AED	0.3681	AED to CAD
CAD	YER	185.161	CAD to YER	0.0054	YER to CAD

					Updated: 2023-09-27
Convert from	Convert to	1 CAD	Conversion	in currency	Conversion
CAD	DZD	101.6346	CAD to DZD	0.0098	DZD to CAD
CAD	KES	109.3508	CAD to KES	0.0091	KES to CAD
CAD	MUR	33.0663	CAD to MUR	0.0302	MUR to CAD
CAD	MAD	7.6127	CAD to MAD	0.1314	MAD to CAD
CAD	NAD	14.0824	CAD to NAD	0.071	NAD to CAD
CAD	NIO	27.1545	CAD to NIO	0.0368	NIO to CAD
CAD	NGN	578.5196	CAD to NGN	0.0017	NGN to CAD
CAD	SLL	14607.2675	CAD to SLL	0.0001	SLL to CAD
CAD	ZAR	14.1173	CAD to ZAR	0.0708	ZAR to CAD
CAD	TZS	1852.7189	CAD to TZS	0.0005	TZS to CAD
CAD	TND	2.349	CAD to TND	0.4257	TND to CAD
CAD	UGX	2797.3716	CAD to UGX	0.0004	UGX to CAD
CAD	XOF	459.4236	CAD to XOF	0.0022	XOF to CAD
CAD	ZMK	6657.3656	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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