Convert 1 Omani Rial (OMR) to Canadian Dollar (CAD)
Exchange rates used for currency conversion updated on 27th May 2019 ( 27/05/2019 )
Below you will find the latest exchange rate for exchanging Omani Rial (OMR) to Canadian Dollar (CAD) , a table containing most common conversions and a chart with the pair's evolution.
The Omani Rial (OMR) 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.
The official currency for Oman is the Omani Rial. The rial is issued in denominations of OMR 1, 5, 10, 20 and 50 as well as 100, 200 and 500 baisa. Foreign currencies can be exchanged at most banks which are open only from 8:00 am until 12:00 pm Saturday through Wednesday and 8:00 am until 11:30 am on Thursdays. Moneychangers are often open during the even hours and offer a lower rate for currency exchange than most banks.
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.