Canadian Dollar

CAD

  • Convertible: Yes
  • Transferable: Yes
  • Exchange rate regime: Floating
Währungs-Referenzzentrum

Available Currency Pairs

EURCAD

Ansehen EUR

USDCAD

Ansehen USD

GBPCAD

Ansehen GBP

CHFCAD

Ansehen CHF

CADAED

Ansehen AED

CADCZK

Ansehen CZK

CADDKK

Ansehen DKK

CADHKD

Ansehen HKD

CADHUF

Ansehen HUF

CADILS

Ansehen ILS

CADJPY

Ansehen JPY

CADMXN

Ansehen MXN

CADNOK

Ansehen NOK

CADNZD

Ansehen NZD

CADRON

Ansehen RON

CADSEK

Ansehen SEK

CADSGD

Ansehen SGD

CADTHB

Ansehen THB

CADZAR

Ansehen ZAR

CADPLN

Ansehen PLN

Transaction Types

FX SPOT
Delivery date: T; T+1; T+2
Liquidity: High
FX FORWARD
Maximum maturity: 24 months
Liquidity: High

Did You Know?

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Monetary policy

  • The Bank of Canada (BoC) is the country’s central bank. Its objective is to promote the country’s economic and financial prosperity.
  • Price setting method: the exchange rate is floating. The BoC does not, in principle, make any direct intervention in the foreign exchange market.
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Features and highlights

  • Canada is a major trading partner of the USA: therefore, the evolution of the Canadian currency can be influenced by the American political and economic situation.
  • The CAD is commonly called Loonie, in reference to the aquatic bird living in the country.

The currency pair USD/CAD has standard spot exchange delay of T+1 (instead of T+2). EUR/CAD is the usual T+2.

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Expert Opinion

  • The CAD is one of the main "commodity currencies". Its evolution is therefore often correlated with that of energy prices (oil, gas) of which Canada is a major producer.
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Regulations

There are no special restrictions on the purchase and sale of CAD.

Important Information

PAYMENTS IN CAD TO CANADA

Canada does not use the IBAN format.

Payment instructions must contain:

  • Either: BIC Code of the beneficiary bank as well as the name, address and account number of the beneficiary
  • Or: "Routing Number", the name and address of the bank, as well as the name, address and account number of the beneficiary.

The routing number has nine digits with the following format: 0YYYXXXXX

  • YYY is the bank code.
  • XXXXX is the "Transit Number" or branch code.

Keep In Mind

PUBLIC HOLIDAYS

New Year's Day 1 Jan
Victoria/Patriot’s Day 21 Mai
Labour Day 3 Sep
Remembrance Day OBS 12 Nov
Boxing Day 26 Dez
Good Friday 30 Mär
Canada Day OBS 2 Jul
Thanksgiving 8 Okt
Christmas 25 Dez

When a holiday falls on a weekend, the next business day becomes a holiday

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Currency Reference Guide

Get the full currency reference guide, updated by the iBanFirst currency market experts

Reference guide

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