Canadian Dollar (CAD) Exchange Rates on 29th January 2020 (29/01/2020)

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Exchange rates for Canadian Dollar (CAD)

Updated: 2020-01-29
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD GBP 0.5834 CAD to GBP 1.7142 GBP to CAD
CAD BGN 1.3492 CAD to BGN 0.7412 BGN to CAD
CAD HRK 5.132 CAD to HRK 0.1949 HRK to CAD
CAD CZK 17.4005 CAD to CZK 0.0575 CZK to CAD
CAD DKK 5.1544 CAD to DKK 0.194 DKK to CAD
CAD HUF 233.1729 CAD to HUF 0.0043 HUF to CAD
CAD KZT 289.1809 CAD to KZT 0.0035 KZT to CAD
CAD LVL 0.4596 CAD to LVL 2.1757 LVL to CAD
CAD LTL 2.2436 CAD to LTL 0.4457 LTL to CAD
CAD MKD 42.4187 CAD to MKD 0.0236 MKD to CAD
CAD MDL 13.3476 CAD to MDL 0.0749 MDL to CAD
CAD NOK 6.9241 CAD to NOK 0.1444 NOK to CAD
CAD PLN 2.9459 CAD to PLN 0.3395 PLN to CAD
CAD RON 3.2956 CAD to RON 0.3034 RON to CAD
CAD RUB 47.3214 CAD to RUB 0.0211 RUB to CAD
CAD SEK 7.2982 CAD to SEK 0.137 SEK to CAD
CAD CHF 0.7398 CAD to CHF 1.3517 CHF to CAD
CAD TRY 4.517 CAD to TRY 0.2214 TRY to CAD
CAD UAH 18.7926 CAD to UAH 0.0532 UAH to CAD
Updated: 2020-01-29
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CAD ARS 45.6667 CAD to ARS 0.0219 ARS to CAD
CAD BOB 5.2516 CAD to BOB 0.1904 BOB to CAD
CAD BRL 3.1874 CAD to BRL 0.3137 BRL to CAD
CAD KYD 0.6329 CAD to KYD 1.58 KYD to CAD
CAD CLP 598.3732 CAD to CLP 0.0017 CLP to CAD
CAD COP 2573.208 CAD to COP 0.0004 COP to CAD
CAD CRC 429.4724 CAD to CRC 0.0023 CRC to CAD
CAD DOP 40.3952 CAD to DOP 0.0248 DOP to CAD
CAD SVC 6.6457 CAD to SVC 0.1505 SVC to CAD
CAD FJD 1.6591 CAD to FJD 0.6027 FJD to CAD
CAD HNL 18.7036 CAD to HNL 0.0535 HNL to CAD
CAD JMD 105.8824 CAD to JMD 0.0094 JMD to CAD
CAD MXN 14.2161 CAD to MXN 0.0703 MXN to CAD
CAD ANG 1.2493 CAD to ANG 0.8004 ANG to CAD
CAD PYG 4952.0738 CAD to PYG 0.0002 PYG to CAD
CAD PEN 2.5305 CAD to PEN 0.3952 PEN to CAD
CAD TTD 5.1351 CAD to TTD 0.1947 TTD to CAD
CAD USD 0.7598 CAD to USD 1.3161 USD to CAD
CAD UYU 28.2626 CAD to UYU 0.0354 UYU to CAD
CAD VEF 7.5889 CAD to VEF 0.1318 VEF to CAD
Updated: 2020-01-29
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CAD AUD 1.1227 CAD to AUD 0.8907 AUD to CAD
CAD BDT 64.3859 CAD to BDT 0.0155 BDT to CAD
CAD BND 1.0319 CAD to BND 0.9691 BND to CAD
CAD CNY 5.2709 CAD to CNY 0.1897 CNY to CAD
CAD INR 54.1094 CAD to INR 0.0185 INR to CAD
CAD IDR 10354.1692 CAD to IDR 0.0001 IDR to CAD
CAD JPY 82.8902 CAD to JPY 0.0121 JPY to CAD
CAD MYR 3.1005 CAD to MYR 0.3225 MYR to CAD
CAD MVR 11.7397 CAD to MVR 0.0852 MVR to CAD
CAD NPR 86.6525 CAD to NPR 0.0115 NPR to CAD
CAD NZD 1.1629 CAD to NZD 0.8599 NZD to CAD
CAD PKR 117.4297 CAD to PKR 0.0085 PKR to CAD
CAD PGK 2.5898 CAD to PGK 0.3861 PGK to CAD
CAD PHP 38.6247 CAD to PHP 0.0259 PHP to CAD
CAD SCR 10.41 CAD to SCR 0.0961 SCR to CAD
CAD SGD 1.0319 CAD to SGD 0.9691 SGD to CAD
CAD KRW 894.6271 CAD to KRW 0.0011 KRW to CAD
CAD LKR 137.8385 CAD to LKR 0.0073 LKR to CAD
CAD TWD 22.8606 CAD to TWD 0.0437 TWD to CAD
CAD THB 23.5073 CAD to THB 0.0425 THB to CAD
Updated: 2020-01-29
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD BHD 0.2865 CAD to BHD 3.4907 BHD to CAD
CAD EGP 12.0049 CAD to EGP 0.0833 EGP to CAD
CAD HKD 5.9073 CAD to HKD 0.1693 HKD to CAD
CAD ILS 2.6245 CAD to ILS 0.381 ILS to CAD
CAD JOD 0.5389 CAD to JOD 1.8557 JOD to CAD
CAD KWD 0.2309 CAD to KWD 4.3307 KWD to CAD
CAD LBP 1148.2658 CAD to LBP 0.0009 LBP to CAD
CAD OMR 0.2925 CAD to OMR 3.4183 OMR to CAD
CAD QAR 2.7666 CAD to QAR 0.3615 QAR to CAD
CAD SAR 2.851 CAD to SAR 0.3508 SAR to CAD
CAD AED 2.7909 CAD to AED 0.3583 AED to CAD
CAD YER 190.1901 CAD to YER 0.0053 YER to CAD
Updated: 2020-01-29
Convert from Convert to 1 CAD Conversion in currency Conversion
CAD DZD 91.29 CAD to DZD 0.011 DZD to CAD
CAD KES 76.6329 CAD to KES 0.013 KES to CAD
CAD MUR 27.9988 CAD to MUR 0.0357 MUR to CAD
CAD MAD 7.3329 CAD to MAD 0.1364 MAD to CAD
CAD NAD 11.0403 CAD to NAD 0.0906 NAD to CAD
CAD NIO 25.6203 CAD to NIO 0.039 NIO to CAD
CAD NGN 275.4457 CAD to NGN 0.0036 NGN to CAD
CAD SLL 7370.4889 CAD to SLL 0.0001 SLL to CAD
CAD ZAR 11.0367 CAD to ZAR 0.0906 ZAR to CAD
CAD TZS 1751.8119 CAD to TZS 0.0006 TZS to CAD
CAD TND 2.1513 CAD to TND 0.4648 TND to CAD
CAD UGX 2793.222 CAD to UGX 0.0004 UGX to CAD
CAD XOF 452.4385 CAD to XOF 0.0022 XOF to CAD
CAD ZMK 6839.5011 CAD to ZMK 0.0001 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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