CAD Exchange Rate
The Canadian dollar is the official currency of Canada. It is one of the most traded currencies in the world and is the most commonly traded global currency behind the U.S dollar, Pound Sterling, Australian dollar, Euro, Japanese Yen, and Swiss Franc.
Canada was a former territory of the British Empire and up until 1858 the country used the Canadian pound as its main currency.
The Canadian Dollar is held as a reserve currency by many central banks and it is considered a benchmark currency. Many banks and financiers observe how the Canadian Dollar behaves against the US dollar as it allows them to see any internal patterns in the US economy. It is also an important currency used by the Caribbean states as they use it for a reserve currency.
The nickname for the Canadian Dollar is the ‘Loonie’, named after a well know bird called the common Loon. The bird is depicted on the reverse side of the one Dollar coin whilst on the obverse is Queen Elizabeth the second.
Canada is a federal state comprised of a constitutional monarchy and a parliamentary democracy. The countries head of state is Queen Elizabeth the second.
To exchange funds to Canadian Dollars please call 01455 897 874 or order online.