
Canadian Dollar
CAD
- Convertible: Yes
- Transferable: Yes
- Exchange rate regime: Floating
Available Currency Pairs

EURCAD
Weergeven EUR
USDCAD
Weergeven USD
GBPCAD
Weergeven GBP
CHFCAD
Weergeven CHF
CADAED
Weergeven AED
CADCNY
Weergeven CNH/CNY
CADCZK
Weergeven CZK
CADDKK
Weergeven DKK
CADHKD
Weergeven HKD
CADHUF
Weergeven HUF
CADILS
Weergeven ILS
CADJPY
Weergeven JPY
CADMXN
Weergeven MXN
CADNOK
Weergeven NOK
CADNZD
Weergeven NZD
CADRON
Weergeven RON
CADSEK
Weergeven SEK
CADSGD
Weergeven SGD
CADTHB
Weergeven THB
CADZAR
Weergeven ZAR
CADPLN
Weergeven PLNTransaction Types
FX SPOT
Delivery date: T; T+1; T+2
Liquidity: High
FX FORWARD
Maximum maturity: 24 months
Liquidity: High
Did You Know?
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.
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.
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.
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 Mei
Labour Day 3 Sep
Remembrance Day OBS 12 Nov
Boxing Day 26 Dec
Good Friday 30 Mrt
Canada Day OBS 2 Jul
Thanksgiving 8 Okt
Christmas 25 Dec
When a holiday falls on a weekend, the next business day becomes a holiday
Useful Links
Currency Reference Guide
Get the full currency reference guide, updated by the iBanFirst currency market experts
Reference guide