Canadian Dollar (CAD)

Canadian Dollar (CAD)

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About Canadian Dollar (CAD)

The national currency of Canada is the Canadian Dollar. Very popular among traders, this Canada currency is also referred to as a loonie and as huard in French, and is abbreviated as $, Can$ or C$ to distinguish it from other dollar-denominated currencies. This currency comprises 2% of the global currency reserve and owes its soundness to an economically stable government and political domination. The Canadian dollar is the fifth most held reserve currency in the world. Up ahead is the U.S. dollar, the euro, the yen and the pound sterling.

Some facts that you ought to know about the cdn dollar:

  • The short name for Canada currency is CAD.
  • The nicknames for CDN dollar is Buck, Huard, Loonie, Piastre.
  • The most repeatedly used coins are C$1, C$2, 1¢, 5¢, 10¢, 25¢.
  • The coin of 50¢ is sparingly used.
  • The most frequently used banknotes are C$5, C$10, C$20, C$50, C$100.
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What People are Saying

It was my first trip to Australia, that too for higher education. Being a student, I had my own apprehensions, along with different suggestions from different people. While I was conducting my own research to find out the best rates for forex, I landed upon the Thomas Cook website, which offered me some very convenient student services in addition to my basic requirement of buying Australian dollars. I never had to look back after that. Thank you, Thomas Cook.
Sahil Shah
I had planned a surprise trip for my wife to Australia, for our first wedding anniversary. Buying forex was the only task left after I had made all the other arrangements. During all this while I had a close eye on the Australian dollar rate, considering that generally it is very high, however I couldn’t figure the right time to buy the dollar. Thanks to the Thomas Cook experts team who advised me on the way around, and I ended up buying the currency at the best rates possible.
Chiranjit Hira
I had some basic queries before I could decide of buying AUD, and I must say that the Thomas Cook team was professional enough in handling all of them. So much so that later when I returned from my trip I had no doubts in my mind about selling the spare AUD to Thomas Cook and the service quality was still intact.
Pratish Shaw

Quick Facts About Canadian Dollar(CAD)

Currency Name
Canadian Dollar
Short Name
CAD
Symbol(s)
$, C$, CAD$
Unit
1/100, Cent
Nicknames:
Buck, Huard, Loonie, Piastre
Frequently used coins
C$1, C$2, 1¢, 5¢, 10¢, 25¢
Rarely used coins
50¢
Frequently used bank notes
C$5, C$10, C$20, C$50, C$100
Central Bank, Name & Website
Bank of Canada | www.bankofcanada.ca
States and Territories that use the Canadian Dollar as a part of their legal tender
Saint Pierre and Miquelon
The Canadian Dollar Currency

The currency is quite popular among traders, courtesy Canada’s economic stability, sound government and a steady political system. Some businesses in the northernmost regions of the United States also accept the Canadian Dollar especially in coins.

Another reason that makes the USD such a prime factor for many countries across the globe is that they consider its value as a benchmark to peg their own currency value.

states that use the US canadian Dollar as a part of their legal tender:
Saint Pierre and Miquelon.


How to buy forex online?
To find the latest INR to CADrates and other exchange rates today, simply visit the Thomas Cook website . Bear in mind that Thomas Cook is the best money converter in the country, along with being a customized tour package maker and always ensures the best currency rate.
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Frequently Asked Questions

What is a Canadian Dollar? How strong is it?
It is Canada’s own dollar. It is a very colourful and durable currency which does not get affected even if gone wet. It is on the strongest currencies and is ranked amongst the most held reserve currency globally.
I have US dollars in currency. Can I use that in Canada instead of exchanging my USD to CAD?
US Dollar is widely accepted in most of the countries, and Canada is no different. The American currency is accepted everywhere in Canada and there should be no hassle for you when conducting your transactions in that currency.
How often does the Canadian Dollar rate fluctuate?
Since the Canadian Dollar utilises a floating exchange rate policy, its exchange rate is determined in relation to other foreign currencies. The currency doesn’t necessarily always move in one direction, and therefore may rise against one but deteriorate against another currency.
I am travelling to Canada after which I will be heading to the US. Should I buy Canadian Dollar and then later by USD or is it OK to just buy USD for the entire trip?
The USD is widely accepted across Canada and buying just that shouldn’t be a problem. However, there could happen some scenarios where a vendor may not accept the US currency. In that case buying Canadian dollars would be inevitable. You may get in touch with our team of experts to get an understanding on the apt way forward for you.
Can I buy Canadian Dollars online?
Yes. You may log on to our website www.thomascook.in to check out live rates, and you may book forex online at your convenience by filling up a simple form and submitting the necessary documents to complete the transaction.
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