Open a Free Currency Exchange account with us to make your Bank-to-Bank transfers much better value.
Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates.
- Buy or Sell Canadian Dollars here.
- Get the CAD at the best rate today
- NO COMMISSION charged.
- Commercial transactions made at commercial rates.
No minimum amounts apply, but you need to have an account open with us. Smaller amounts of currency can then be exchanged using our online currency exchange system. Larger amounts will be quoted separately at commercial fx rates.
For the current Canadian Dollar rate, please use our Currency Converter on the right….
We have associate offices in SPAIN, PORTUGAL, DUBAI and the UK for foreign exchange transactions made locally.
Canadian Dollar, CAD:
- The Canadian dollar is issued in the following denominations:
1,5,10, 25, 50 cent pieces, that are all coins. The $1 and $2 are also issued as coins.
- Canada uses the Canadian dollar as its official currency. Similar to all of the currencies that use the dollar, the Canadian dollar is divided into 100 cents.
- In order to differentiate the Canadian dollar from the US dollar, it is usually denoted by the letters C in front of the dollar symbol, C$.
- The Canadian dollar is issued in notes as, $5, 10, 20, 50 and 100 notes. The C$1,000 note no longer exists.
Canadian Dollar, History:
- By the early 17th century, there was a desperate need for currency as trade was becoming a major factor in the local economy and animal pelts were clearly no loner a viable form of currency. This situation continued throughout the 17th century. By the end of this century, people were so desperate for currency that they even used playing cards as an informal means of having a currency.
- The authorities banned the use of playing cards in the early 18th century.
Coins were in circulation and in 1721, coins as currency were issued by one of the fur trading companies. Other forms of currency were also issued during this century.
- The lack of a comprehensive currency for Canada continued up until the early part of the 19th century. At this point, banks began to issue and circulate their own currencies.
- It was not until the year 1858 that the first Canadian dollars were introduced. Canada was now trading extensively with United States and the United States had a decimal currency.
- The introduction of a dollar system meant that it could trade efficiently with the United States and the rest of the world.
- In 1908 Canada produced coins in Canada itself. The construction of the Royal mint in Ottowa changed all that and Canada became a country that produced, issued and circulated its own currency.
Buying Canadian Dollars:
- It is relatively easy to get hold of Canadian dollars.
- Similar to its neighbour, the United States, Canada has an extensive and very comprehensive network of ATM machines. They are prevalent everywhere in the country and you will not have a problem making use of your credit or debit card.
- You will also find that US currency can be used throughout Canada, but you may get a poor exchange rate for your money. So you are better to pay with Canadian dollars and in this way your dollars should stretch just a bit more.
- If you are emigrating, or planning to emigrate, to Canada, it may be worth speaking to a reliable currency dealer as they could save you a considerable amount of CAD by buying the currency on your behalf at the best rate available. In addition, if you contact fx-foreignexchange.com, they won’t charge a transfer fee and the transaction will be COMMISSION FREE.
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