Currency Exchange Toronto

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Currency Exchange - History

The Canadian dollar is often known as the loonie and is often symbolized as "CAD" or "C$". The central bank that overseas the printing of the Canadian dollar is the Bank of Canada. Canadian dollar coins are produced by the Royal Canadian Mint. The Canadian dollar has switched from a fixed system to a floating system and back to a fixed system and now to a floating system.

The Canadian dollar history compared to the US dollar has been at both a premium and a discount to the US dollar. For over 30 years, the US dollar was more stronger than the Canadian dollar until 2007. Since then, the Canadian dollar has traded above and below parity, which means 1 USD = 1 CAD.

In 2014, the US dollar has been quite stronger than the Canadian dollar.

Resources: Canadian Bank Exchange Rates Comparison | Why Can't I Get The Bank of Canada Exchange Rate? | How to Compare Exchange Rates? | Currency Exchange - History