Convert 1 Nicaraguan Cordoba (NIO) to Canadian Dollar (CAD)
Exchange rates used for currency conversion updated on 24th May 2019 ( 24/05/2019 )
Below you will find the latest exchange rate for exchanging Nicaraguan Cordoba (NIO) to Canadian Dollar (CAD) , a table containing most common conversions and a chart with the pair's evolution.
The Nicaraguan Cordoba (NIO) to Canadian Dollar (CAD) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies om;ine and offline.
Nicaragua’s official currency is the cordoba. The cordoba is divided into 100 centavos and is issued in denominations of C$10, C$20, C$50, C$100 and C$500. Banks will provide currency exchange and visitors may also find the many retailers and moneychangers will exchange currency, particularly for the US Dollar. The US Dollar is spendable in the country with most retailers gladly accepting this form of currency for payment.
About Canadian Dollar (CAD)
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.