» Welcome to Currency Converter Calculator

Canadian Dollar (CAD) Exchange Rates on 17th May 2024 (17/05/2024)

Enter the amount you want to convert, select the second currency and hit 'Enter' or click outside the area.

Exchange rates for Canadian Dollar (CAD)

					Updated: 2024-05-17
Convert from	Convert to	1 CAD	Conversion	in currency	Conversion
CAD	GBP	0.5798	CAD to GBP	1.7248	GBP to CAD
CAD	BGN	1.322	CAD to BGN	0.7564	BGN to CAD
CAD	HRK	5.1225	CAD to HRK	0.1952	HRK to CAD
CAD	CZK	16.6835	CAD to CZK	0.0599	CZK to CAD
CAD	DKK	5.0422	CAD to DKK	0.1983	DKK to CAD
CAD	EEK	0	CAD to EEK	0	EEK to CAD
CAD	HUF	262.0091	CAD to HUF	0.0038	HUF to CAD
CAD	KZT	325.5947	CAD to KZT	0.0031	KZT to CAD
CAD	LVL	0.4439	CAD to LVL	2.2527	LVL to CAD
CAD	LTL	0	CAD to LTL	0	LTL to CAD
CAD	MKD	41.6007	CAD to MKD	0.024	MKD to CAD
CAD	MDL	13.0344	CAD to MDL	0.0767	MDL to CAD
CAD	NOK	7.867	CAD to NOK	0.1271	NOK to CAD
CAD	PLN	2.8834	CAD to PLN	0.3468	PLN to CAD
CAD	RON	3.3624	CAD to RON	0.2974	RON to CAD
CAD	RUB	66.6899	CAD to RUB	0.015	RUB to CAD
CAD	SKK	0	CAD to SKK	0	SKK to CAD
CAD	SEK	7.8749	CAD to SEK	0.127	SEK to CAD
CAD	CHF	0.6657	CAD to CHF	1.5022	CHF to CAD
CAD	TRY	23.6799	CAD to TRY	0.0422	TRY to CAD
CAD	UAH	28.8995	CAD to UAH	0.0346	UAH to CAD

					Updated: 2024-05-17
Convert from	Convert to	1 CAD	Conversion	in currency	Conversion
CAD	ARS	650.4023	CAD to ARS	0.0015	ARS to CAD
CAD	BOB	5.0756	CAD to BOB	0.197	BOB to CAD
CAD	BRL	3.765	CAD to BRL	0.2656	BRL to CAD
CAD	CAD	1	CAD to CAD	1	CAD to CAD
CAD	KYD	0.6121	CAD to KYD	1.6336	KYD to CAD
CAD	CLP	659.417	CAD to CLP	0.0015	CLP to CAD
CAD	COP	2809.406	CAD to COP	0.0004	COP to CAD
CAD	CRC	375.9508	CAD to CRC	0.0027	CRC to CAD
CAD	DOP	43.0131	CAD to DOP	0.0232	DOP to CAD
CAD	SVC	6.4266	CAD to SVC	0.1556	SVC to CAD
CAD	FJD	1.6389	CAD to FJD	0.6102	FJD to CAD
CAD	HNL	18.1233	CAD to HNL	0.0552	HNL to CAD
CAD	JMD	114.7851	CAD to JMD	0.0087	JMD to CAD
CAD	MXN	12.267	CAD to MXN	0.0815	MXN to CAD
CAD	ANG	1.3238	CAD to ANG	0.7554	ANG to CAD
CAD	PYG	5510.807	CAD to PYG	0.0002	PYG to CAD
CAD	PEN	2.7303	CAD to PEN	0.3663	PEN to CAD
CAD	TTD	4.9877	CAD to TTD	0.2005	TTD to CAD
CAD	USD	0.7339	CAD to USD	1.3626	USD to CAD
CAD	UYU	28.3947	CAD to UYU	0.0352	UYU to CAD
CAD	VEF	2658556.3781	CAD to VEF	0	VEF to CAD

					Updated: 2024-05-17
Convert from	Convert to	1 CAD	Conversion	in currency	Conversion
CAD	AUD	1.1014	CAD to AUD	0.908	AUD to CAD
CAD	BDT	86.0064	CAD to BDT	0.0116	BDT to CAD
CAD	BND	0.9874	CAD to BND	1.0128	BND to CAD
CAD	CNY	5.3036	CAD to CNY	0.1886	CNY to CAD
CAD	INR	61.265	CAD to INR	0.0163	INR to CAD
CAD	IDR	11726.1755	CAD to IDR	0.0001	IDR to CAD
CAD	JPY	114.3437	CAD to JPY	0.0087	JPY to CAD
CAD	MYR	3.4382	CAD to MYR	0.2908	MYR to CAD
CAD	MVR	11.3457	CAD to MVR	0.0881	MVR to CAD
CAD	NPR	98.1256	CAD to NPR	0.0102	NPR to CAD
CAD	NZD	1.2009	CAD to NZD	0.8327	NZD to CAD
CAD	PKR	204.3803	CAD to PKR	0.0049	PKR to CAD
CAD	PGK	2.8478	CAD to PGK	0.3511	PGK to CAD
CAD	PHP	42.3233	CAD to PHP	0.0236	PHP to CAD
CAD	SCR	9.9695	CAD to SCR	0.1003	SCR to CAD
CAD	SGD	0.9889	CAD to SGD	1.0112	SGD to CAD
CAD	KRW	996.1485	CAD to KRW	0.001	KRW to CAD
CAD	LKR	220.9024	CAD to LKR	0.0045	LKR to CAD
CAD	TWD	23.6469	CAD to TWD	0.0423	TWD to CAD
CAD	THB	26.6276	CAD to THB	0.0376	THB to CAD

					Updated: 2024-05-17
Convert from	Convert to	1 CAD	Conversion	in currency	Conversion
CAD	BHD	0.2766	CAD to BHD	3.615	BHD to CAD
CAD	EGP	34.4254	CAD to EGP	0.029	EGP to CAD
CAD	HKD	5.7248	CAD to HKD	0.1747	HKD to CAD
CAD	ILS	2.7119	CAD to ILS	0.3687	ILS to CAD
CAD	JOD	0.5202	CAD to JOD	1.9222	JOD to CAD
CAD	KWD	0.2254	CAD to KWD	4.4356	KWD to CAD
CAD	LBP	65760.1059	CAD to LBP	0	LBP to CAD
CAD	OMR	0.2825	CAD to OMR	3.5402	OMR to CAD
CAD	QAR	2.6724	CAD to QAR	0.3742	QAR to CAD
CAD	SAR	2.7518	CAD to SAR	0.3634	SAR to CAD
CAD	AED	2.6955	CAD to AED	0.371	AED to CAD
CAD	YER	183.3991	CAD to YER	0.0055	YER to CAD

					Updated: 2024-05-17
Convert from	Convert to	1 CAD	Conversion	in currency	Conversion
CAD	DZD	98.7556	CAD to DZD	0.0101	DZD to CAD
CAD	KES	95.8525	CAD to KES	0.0104	KES to CAD
CAD	MUR	33.6561	CAD to MUR	0.0297	MUR to CAD
CAD	MAD	7.3065	CAD to MAD	0.1369	MAD to CAD
CAD	NAD	13.3643	CAD to NAD	0.0748	NAD to CAD
CAD	NIO	26.9703	CAD to NIO	0.0371	NIO to CAD
CAD	NGN	1117.7037	CAD to NGN	0.0009	NGN to CAD
CAD	SLL	15389.186	CAD to SLL	0.0001	SLL to CAD
CAD	ZAR	13.3745	CAD to ZAR	0.0748	ZAR to CAD
CAD	TZS	1904.4322	CAD to TZS	0.0005	TZS to CAD
CAD	TND	2.2772	CAD to TND	0.4391	TND to CAD
CAD	UGX	2761.7811	CAD to UGX	0.0004	UGX to CAD
CAD	XOF	442.1684	CAD to XOF	0.0023	XOF to CAD
CAD	ZMK	6605.8567	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

Have more info on the Canadian Dollar? Please contact us