Convert 311 Canadian Dollar (CAD) to Australian Dollar (AUD)
Exchange rates used for currency conversion updated on 17th May 2012 ( 17/05/2012 )
Below you will find the latest exchange rate for exchanging Canadian Dollar (CAD) to Australian Dollar (AUD) , a table containing most common Canadian Dollar / Australian Dollar conversions and a CAD/AUD chart with the pair's evolution.
The Canadian Dollar (CAD) to Australian Dollar (AUD) rates are updated every minute using our advanced technology for live forex currency conversion.
*Disclaimer: AVERAGE intraday quotes were used for this conversion. The exchange rate the system calculated between Canadian Dollar and Australian Dollar on 17/05/2012 is 1 CAD = 0.9899 AUD
The Bank of Canada manges the circulation and monetary policy of the floating yet highly dependent currency. The Canadian dollar (CAD) is heavily intertwined with economic developments in the United States and the USD this is compounded with the high trade dependence Canada shares with the US and is only mitigated by the price of commodities such as oil in which Canada is a net exporter and therefore can leverage these exports to support the CAD independent of the USD. The Bank of Canada follows its mandate of promoting the economic well being of the nation in juxtaposition to the mandate of many central banks as price stability.
About Australian Dollar (AUD)
The Australian dollar (AUD) is the official currency of the Commonwealth of Australia as well as 7 territories and 3 surrounding countries. The AUD is symbolized with the "$" symbol and each dollar is subdivided into 100 cents. The coins are issued in 5¢, 10¢, 20¢, 50¢ , $1, $2 increments and the banknotes are printed in $5, $10, $20, $50, $100 denominations. The AUD is the fifth most traded currency in worldwide currency markets.
Unique attributes of the AUD are that the banknotes are printed on polymer as opposed to paper which is the traditional stock for currency banknotes. This polymer is more durable and allows for more advance security features than does its paper counterpart. The AUD banknotes are also printed in different lengths in order to make denomination differentiation easier.