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The Canadian Dollar is the official currency of Canada. The currency is represented by the $ symbol or C$ and by the abbreviation CAD. The currency is subdivided into 100 Cents (¢). The banknotes and coins are issued by the Bank of Canada. The banknotes ranging from 5 to 100$ and coins from 5 to 50 cents including the 1, 2$ coins are issued by the Bank of Canada. The Canadian dollar has an exchange rate of 50-55 Indian Rupees. Find the live rates of Canadian Dollar against the Indian Rupee here.
The Canadian Dollar is the sixth most traded currency in the world. Just like the USD, the Canadian Dollar is also a reserve currency for many nations in the world. The currency is accepted almost anywhere in the world. Similar to the USD the Canadian Dollar is also a ‘petrocurrency’. The Canadian Dollar is backed by the Canadian oil and gas industry. Oil prices pay a key role in determining the value of the currency. Canada is a nation under a constitutional monarchy and parliamentary rule with Queen Elizabeth as the head of state. Canada was a British colony earlier. The country is abundant with natural resources and fossil fuels. These paved way for a developed economy in Canada. The nation holds key economic and cultural relations with the United States of America, with the US being the largest consumer of Canada.
Canada has a very large concentration of Indian students and jobseekers owed to the premium education facilities and career opportunities. Many Indian banks and money changers offer the facility to buy/sell Canadian currency.
| Currency | Canadian Dollar |
|---|---|
| ISO Code | CAD |
| Symbol | $ |
| Nick Name | Loonie, Buck, Piastre |
| Sub Units | Cent( ¢) ( 1 Dollar= 100 Cents) |
| Denominations | |
| Notes | 5, 10, 20, 50, 100$ |
| Coins | 5, 10, 25, 50¢, 1, 2$ |
| Valid in | Canada, Saint Pierre and Miquelon |
Indian Rupee can be converted to Canadian Dollars very easily. ExTravelMoney.com can help you locate the vendors in your region along with the exchange rate they offer for the conversion. This way you can find out the best exchange rate for conversion. Choose the vendor that you want and place the order with us. Our support team will contact you for confirming the order and then make the payments online. Upon request the vendor can deliver the forex to your location and pick up the KYC documents.
Canadian Dollar can be converted to Indian Rupee in Indian banks or money changers if you have leftover currency as cash or forex card. ExTravelMoney.com can help you find out the best exchange rates and vendors in your region for converting CAD to INR. Choose from the list of vendors and their exchange rates from our website and place your order with us. Complete the order with the help of our customer care executive and make the payment online. You can even request the vendor to pick up the forex and KYC documents from your location.
Overseas transactions are often a required for students in Canada to receive money from India. Sending money abroad can often be complicated for the inexperienced. ExTravelMoney.com can help you simplify the process. Choose the right vendor you that has wire transfer in your region from our website. Place your order with us and complete the order with the help of our customer service executive. Make the payment online and let the bank process the transaction. The recipient will receive the payment in 3 days considering the difference in time zones.
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