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    Bank of Canada Exchange Rates

    The Bank of Canada sets interest rates to attempt to keep inflation low and stable and influence the value of the Canadian dollar to help the economy.

    Updated: Jul 01, 2021  

    The Bank of Canada is the Canada’s central bank. Its main role is “to promote the economic and financial welfare of Canada,” as defined in the Bank of Canada Act.

    Through its Monetary policy (the setting interest rates) the Bank of Canada influences the supply of money circulating in the economy and thus the value of the Canadian dollar.

    1 CAD = 0.7896 USD
    Sell CAD  →  Buy USD
    CAD to USD at 0.7894 is 0.7% below its 90-day average, range 0.7783-0.8118.
    |
      1 USD = 1.2664 CAD
    4-DAY+1.5%
    14-DAYHIGH
     

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    Best Exchange Rates

    BER compares exchange rates from banks and FX specialists.

     
    Posted under: #Guides #CAD

    Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.