Convert 1 Zambian Kwacha (ZMK) to Canadian Dollar (CAD)
Exchange rates used for currency conversion updated on 22nd March 2019 ( 22/03/2019 )
Below you will find the latest exchange rate for exchanging Zambian Kwacha (ZMK) to Canadian Dollar (CAD) , a table containing most common conversions and a chart with the pair's evolution.
The Zambian Kwacha (ZMK) 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 of Zambia is the Zambian kwacha. The kwacha is issued in banknotes in denominations of ZMK 20, ZMK 50, ZMK 100, ZMK 500, ZMK 1000, ZMK 5000, ZMK 10000, ZMK 20000 and ZMK 50000. Banks and foreign exchange bureaus will provide currency exchange for the current exchange rate. Black market exchanges are also possible but are highly illegal and should be avoided.
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.