The Canadian dollar (symbol: $; code: CAD) (French: Dollar canadien) is the currency of Canada. It is abbreviated with the dollar sign $, or sometimes Can$ or C$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents. Owing to the image of a loon on the one-dollar coin, the currency is sometimes referred to as the loonie by foreign exchange traders and analysts, as it is by Canadians in general, or huard in French. Canada's dollar is the fifth most held reserve currency in the world, accounting for approximately 2% of all global reserves, behind only the U.S. dollar, the euro, the yen and the pound sterling. The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the Canadian government's strong sovereign position, and the stability of the country's legal and political systems.
1 USD US Dollar exchange rates
The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its insular territories per the United States Constitution. It is divided into 100 smaller cent (¢) units. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (12 U.S.C. § 418). The U.S. dollar is commodity money of silver as enacted by the Coinage Act of 1792 which determined the dollar to be 371 4/16 grain (24.1 g) pure or 416 grain (27.0 g) standard silver. It is the currency most used in international transactions and is the world's primary reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. A few countries only use the Federal Reserve Notes for paper money, while the country mints its own coins, or also accepts U.S. coins that can be used as payment in U.S. dollars, such as the Susan B. Anthony dollar. After Nixon shock of 1971, USD became fiat currency.
The 1 CAD to USD mid market rate, (a.k.a 1 Canadian Dollar to US Dollar mid market rate) is derived from the mid-point between the "buy" and "sell" rates from global currency markets.
1 CAD Canadian Dollar to USD US Dollar exchange rate chart analysis
A market-based 1 CAD to USD exchange rate will change whenever the values of either of the two component currencies change (In this case, it's 1 Canadian Dollar and US Dollar). Canadian Dollar will tend to become more valuable whenever demand for it is greater than the available supply. Canadian Dollar will become less valuable whenever demand is less than available supply (this does not mean people no longer want money, it just means they prefer holding their wealth in some other form, possibly another currency).
1 CAD Canadian Dollar to USD US Dollar news trends analysis
Canadian Dollar does not have news for trends analysis.
US Dollar does not have news for trends analysis.
1 CAD Canadian Dollar to USD US Dollar Wikipedia trends analysis
Wikipedia trends analysis
Wikipedia trends analysis
1 CAD Canadian Dollar to USD US Dollar Google trends analysis
Canadian Dollar does not have a Google keyword for analysis.
US Dollar does not have a Google keyword for analysis.
Disclamer: 1 CAD Canadian Dollar to USD US Dollar converter is provided to give you some guidence about how to convert 1 CAD Canadian Dollar to USD US Dollar into other currencies based on the exchange rates today. You might need to find local forex traders to do the actual conversion.
1 CAD Canadian Dollar vs USD US Dollar ratings
Disclamer: 1 CAD Canadian Dollar vs USD US Dollar ratings are calculated by comparing CAD Canadian Dollar and USD US Dollar's influence on Google, Wikipedia, Youtube, Twitter, Instagram and Facebook with other currencies in the world. Generally speaking, the bigger the hexagon is, the higher CAD Canadian Dollar vs USD US Dollar ratings should be on the internet!