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.
CAD Canadian Dollar exchange rates
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.
The 1 USD to CAD mid market rate, (a.k.a 1 US Dollar to Canadian Dollar mid market rate) is derived from the mid-point between the "buy" and "sell" rates from global currency markets.
USD US Dollar to CAD Canadian Dollar exchange rate chart analysis
A market-based 1 USD to CAD exchange rate will change whenever the values of either of the two component currencies change (In this case, it's 1 US Dollar and Canadian Dollar). US Dollar will tend to become more valuable whenever demand for it is greater than the available supply. US 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).
USD US Dollar to CAD Canadian Dollar news trends analysis
US Dollar does not have news for trends analysis.
Canadian Dollar does not have news for trends analysis.
USD US Dollar to CAD Canadian Dollar Wikipedia trends analysis
Wikipedia trends analysis
Wikipedia trends analysis
USD US Dollar to CAD Canadian Dollar Google trends analysis
US Dollar does not have a Google keyword for analysis.
Canadian Dollar does not have a Google keyword for analysis.
Disclamer: USD US Dollar to CAD Canadian Dollar converter is provided to give you some guidence about how to convert USD US Dollar to CAD Canadian Dollar into other currencies based on the exchange rates today. You might need to find local forex traders to do the actual conversion.
USD US Dollar vs CAD Canadian Dollar ratings
Disclamer: USD US Dollar vs CAD Canadian Dollar ratings are calculated by comparing USD US Dollar and CAD Canadian 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 USD US Dollar vs CAD Canadian Dollar ratings should be on the internet!