CAD · $
Canadian Dollar (CAD)
The Canadian dollar, also known as the loonie, is the official currency of Canada. It is one of the world's major reserve currencies, influenced by commodity prices and the U.S. economy.
Convert this currency
Converted amount
0.7175 USD
Exchange rate
1 CAD = 0.717463 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
CAD · Canadian Dollar
Canadian Dollar (CAD) Overview
The Canadian dollar (CAD) is the official currency of Canada, introduced in 1858. It is subdivided into 100 cents and is issued by the Bank of Canada, the country's central bank. The currency is often referred to as the 'loonie' due to the common loon depicted on the one-dollar coin. CAD is one of the most traded currencies globally, reflecting Canada's strong economic ties with the United States and its significant natural resource exports.
The value of the Canadian dollar is influenced by various factors, including commodity prices, particularly oil, as Canada is a major exporter of petroleum. Additionally, economic indicators such as GDP growth, employment data, and inflation, as well as monetary policy decisions by the Bank of Canada, play a crucial role. The currency's exchange rate against the U.S. dollar is closely watched by traders and businesses due to the extensive trade relationship between the two countries.
As a stable and widely accepted currency, CAD is used in international transactions and is held as a reserve currency by some central banks. For travelers and investors, understanding the dynamics of the Canadian dollar is essential, as it can impact the cost of goods, travel, and investment returns. However, it is important to note that exchange rates fluctuate and are subject to market conditions.
- Code
- CAD
- Symbol
- $
- Current rate
- USD / CAD
Currency information
Last updated · 8/7/2026
The Canadian dollar was introduced in 1858, replacing the Canadian pound.
- Official name
- Canadian Dollar
- Legal tender status
- Legal tender in Canada
- Decimal places
- 2
- Minor unit
- Cent · 1 CAD = 100 Cent
- Countries
- Canada
- Issuing authority
- Bank of Canada
- Central bank
- Bank of Canada · Official website
- Exchange-rate regime
- Floating exchange rate
Common banknotes
$5 · $10 · $20 · $50 · $100
Common coins
5 cents · 10 cents · 25 cents · $1 · $2
Also known as
Loonie · Buck · Canadian dollar · CAD · $ · Dollar canadien · Canadian
Practical notes
- The $1 coin is commonly called the 'loonie'.
Priority currency pairs
The most useful conversions for this currency.
Canadian Dollar questions
What is the CAD exchange rate?
The displayed rate is the latest available reference rate for USD/CAD. It can change throughout the day.
How can I convert CAD online?
Use the converter above to calculate indicative amounts between CAD and the other supported currencies.