Canadian Dollar (CAD) Exchange Rates on 21st October 2019 (21/10/2019)

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Exchange rates for Canadian Dollar (CAD)

Updated: 2019-10-21
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD GBP 0.558 CAD to GBP 1.792 GBP to CAD
CAD BGN 1.3736 CAD to BGN 0.728 BGN to CAD
CAD HRK 5.338 CAD to HRK 0.1873 HRK to CAD
CAD CZK 19.3312 CAD to CZK 0.0517 CZK to CAD
CAD DKK 5.2126 CAD to DKK 0.1918 DKK to CAD
CAD HUF 220.0389 CAD to HUF 0.0045 HUF to CAD
CAD KZT 164.6987 CAD to KZT 0.0061 KZT to CAD
CAD LVL 0.492 CAD to LVL 2.0325 LVL to CAD
CAD LTL 2.4181 CAD to LTL 0.4136 LTL to CAD
CAD MKD 42.9923 CAD to MKD 0.0233 MKD to CAD
CAD MDL 12.9401 CAD to MDL 0.0773 MDL to CAD
CAD NOK 5.7745 CAD to NOK 0.1732 NOK to CAD
CAD PLN 2.9393 CAD to PLN 0.3402 PLN to CAD
CAD RON 3.0938 CAD to RON 0.3232 RON to CAD
CAD RUB 33.9849 CAD to RUB 0.0294 RUB to CAD
CAD SEK 6.453 CAD to SEK 0.155 SEK to CAD
CAD CHF 0.847 CAD to CHF 1.1807 CHF to CAD
CAD TRY 1.9921 CAD to TRY 0.502 TRY to CAD
CAD UAH 11.7458 CAD to UAH 0.0851 UAH to CAD
Updated: 2019-10-21
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD ARS 7.604 CAD to ARS 0.1315 ARS to CAD
CAD BOB 6.2526 CAD to BOB 0.1599 BOB to CAD
CAD BRL 2.0715 CAD to BRL 0.4827 BRL to CAD
CAD KYD 0.742 CAD to KYD 1.3477 KYD to CAD
CAD CLP 533.1209 CAD to CLP 0.0019 CLP to CAD
CAD COP 1787.6185 CAD to COP 0.0006 COP to CAD
CAD CRC 490.3719 CAD to CRC 0.002 CRC to CAD
CAD DOP 39.5266 CAD to DOP 0.0253 DOP to CAD
CAD SVC 7.9153 CAD to SVC 0.1263 SVC to CAD
CAD FJD 1.6705 CAD to FJD 0.5986 FJD to CAD
CAD HNL 19.1386 CAD to HNL 0.0523 HNL to CAD
CAD JMD 101.8461 CAD to JMD 0.0098 JMD to CAD
CAD MXN 11.9629 CAD to MXN 0.0836 MXN to CAD
CAD ANG 1.6198 CAD to ANG 0.6174 ANG to CAD
CAD PYG 3885.8799 CAD to PYG 0.0003 PYG to CAD
CAD PEN 2.5835 CAD to PEN 0.3871 PEN to CAD
CAD TTD 5.7445 CAD to TTD 0.1741 TTD to CAD
CAD USD 0.9049 CAD to USD 1.1051 USD to CAD
CAD UYU 21.926 CAD to UYU 0.0456 UYU to CAD
CAD VEF 5.6898 CAD to VEF 0.1758 VEF to CAD
Updated: 2019-10-21
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD AUD 0.9952 CAD to AUD 1.0048 AUD to CAD
CAD BDT 70.0808 CAD to BDT 0.0143 BDT to CAD
CAD BND 1.143 CAD to BND 0.8749 BND to CAD
CAD CNY 5.5471 CAD to CNY 0.1803 CNY to CAD
CAD INR 55.0686 CAD to INR 0.0182 INR to CAD
CAD IDR 10741.0354 CAD to IDR 0.0001 IDR to CAD
CAD JPY 96.8848 CAD to JPY 0.0103 JPY to CAD
CAD MYR 2.8894 CAD to MYR 0.3461 MYR to CAD
CAD MVR 13.9086 CAD to MVR 0.0719 MVR to CAD
CAD NPR 88.2722 CAD to NPR 0.0113 NPR to CAD
CAD NZD 1.108 CAD to NZD 0.9025 NZD to CAD
CAD PKR 92.5727 CAD to PKR 0.0108 PKR to CAD
CAD PGK 2.2399 CAD to PGK 0.4465 PGK to CAD
CAD PHP 39.7393 CAD to PHP 0.0252 PHP to CAD
CAD SCR 11.7441 CAD to SCR 0.0851 SCR to CAD
CAD SGD 1.13 CAD to SGD 0.885 SGD to CAD
CAD KRW 938.1212 CAD to KRW 0.0011 KRW to CAD
CAD LKR 117.888 CAD to LKR 0.0085 LKR to CAD
CAD TWD 27.1813 CAD to TWD 0.0368 TWD to CAD
CAD THB 29.1201 CAD to THB 0.0343 THB to CAD
Updated: 2019-10-21
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD BHD 0.3412 CAD to BHD 2.9305 BHD to CAD
CAD EGP 6.4724 CAD to EGP 0.1545 EGP to CAD
CAD HKD 7.0136 CAD to HKD 0.1426 HKD to CAD
CAD ILS 3.2846 CAD to ILS 0.3045 ILS to CAD
CAD JOD 0.6412 CAD to JOD 1.5595 JOD to CAD
CAD KWD 0.2593 CAD to KWD 3.8568 KWD to CAD
CAD LBP 1369.133 CAD to LBP 0.0007 LBP to CAD
CAD OMR 0.3483 CAD to OMR 2.8707 OMR to CAD
CAD QAR 3.2954 CAD to QAR 0.3035 QAR to CAD
CAD SAR 3.3941 CAD to SAR 0.2946 SAR to CAD
CAD AED 3.3239 CAD to AED 0.3008 AED to CAD
CAD YER 194.4704 CAD to YER 0.0051 YER to CAD
Updated: 2019-10-21
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD DZD 73.2057 CAD to DZD 0.0137 DZD to CAD
CAD KES 80.4467 CAD to KES 0.0124 KES to CAD
CAD MUR 28.6857 CAD to MUR 0.0349 MUR to CAD
CAD MAD 7.7951 CAD to MAD 0.1283 MAD to CAD
CAD NAD 9.9231 CAD to NAD 0.1008 NAD to CAD
CAD NIO 23.7133 CAD to NIO 0.0422 NIO to CAD
CAD NGN 147.32 CAD to NGN 0.0068 NGN to CAD
CAD SLL 3954.3317 CAD to SLL 0.0003 SLL to CAD
CAD ZAR 9.9328 CAD to ZAR 0.1007 ZAR to CAD
CAD TZS 1505.3002 CAD to TZS 0.0007 TZS to CAD
CAD TND 1.5972 CAD to TND 0.6261 TND to CAD
CAD UGX 2357.2825 CAD to UGX 0.0004 UGX to CAD
CAD XOF 459.5591 CAD to XOF 0.0022 XOF to CAD
CAD ZMK 4762.882 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
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 Live Currency Converter for CAD

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