The Canadian Dollar is currently the official currency of Canada, and is unofficially used by Saint Pierre and Miquelon, a territory of France. Introduced in 1858, the Canadian Dollar replaced the older Canadian pound. The Canadian Dollar is administered by the Bank of Canada, and is usually abbreviated to CAD or C$ or $.
The CAD can be purchased in India by simply converting Indian Rupees to Canadian Dollars in the form of forex cards, traveller’s cheques, and currency notes. The Canadian Dollar has notes in denominations of $5, $10, $20, $50 and $100, and all these denominations are available for purchase in India. Canadian banknotes are to be noted for their tactile feature, which is a series of raised dots incorporated in each banknote to help the visually-impaired distinguish between denominations. As the $1 coin of the Canadian Dollar has the image of a loon, the currency is sometimes referred to as the ‘loonie’.
The Canadian Dollar is commonly used in international foreign exchange transactions, and is available in India. In fact, it contributed 4.6*% of the global foreign exchange market turnover as recently as 2013, making it the 7th most-traded currency in the world. DoorstepForex.com offers the best forex rates for Canadian Dollar across all the major cities of India.
You will have to convert INR to Canadian Dollar whenever you are planning a fun-trip to Canada or going for a business meet over there. Buy forex at best rates in just few clicks and enjoy free doorstep delivery. Doesn’t this sound amazing? DoorstepForex.com also has great offers for the ones looking to sell forex and convert Conadian Dollar to Rupees.
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