Currency Calculator 1 USD to CAD

The US dollar (USD, “Greenback”) is the most widely traded currency in the world. The issuer is the Federal Reserve System(the Fed).

• Is the most popular reserve currency, held by central banks, financial institutions and private investors
• Is considered as a “safe haven” currency in periods of instability due to universally recognized reliability of the US economy
• Is used as a standard payment unit in commodity markets

The Canadian dollar (CAD, “Loonie”) is the 7th most traded currency in the world. The issuer is the Bank of Canada.

• Is affected by its neighbor country, USA economy.
• Refers to "commodity" currencies, as the economy of Canada depends on commodity export (particularly, energy, wood and oil