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CAD Exchange Rate Calculator
Exchange rates calculator, this free to use calculator gives up-to-date exchange rates for the Canadian dollar (CAD) against most of the worlds major currencies. Get live exchange rates and keep up-to-date with the latest currency conversions.
About the Canadian Dollar (CAD) C$:
The Canadian dollar is the official currency of Canada. It is often distinguished from other dollars with a capital C in front of the symbol, as C$. The Canadian dollar is the seventh-most traded currency in the world. The top traded currencies are the U.S. dollar, euro, yen, English pound, Swiss franc, and the Australian dollar. The former Canadian currency was the Canadian pound, but since 1841 the country longed for a decimal monetary system based on the U.S. dollar rather than a British sterling system. Because Canada was still a British province, this effort was resisted for years, but slowly through the decades, Canada was able to implement a dollar-based decimal system in 1871.
Like in the U.S., Canadians often refer to their dollars as bucks. In the French-speaking provinces "le dollar" can be referred to as a piastre. Amounts under one dollar are issued in Canada as coins in dominations of 1 cent, 5 cents, 10 cents, 25 cents, and 50 cents, with 100 cents being equal to one dollar. In the 1990s, the Canadian dollar fell sharply in value, but rebounded dramatically beginning in 2007. Many central banks and commercial banks use the Canadian dollar as a reserve currency. It is one of the few currencies considered to be a benchmark currency. The Canadian dollar plays a central role in the North and South American region, much like the Australian dollar does in the Asia-Pacific region.
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