Cash usage
Canadian-dollar cash remains accepted, while the Bank of Canada's payment surveys document extensive card use.
Country money guide
Canada Currency Guide
Learn how the Canadian dollar is used in Canada, then open a dated reference-rate conversion.
Currency overview
Canadian Dollar in Canada
Monetary framework
Canada uses the Canadian dollar as its official currency.
Quick convert
Convert CAD
Use the latest available reference-rate snapshot without loading a separate data source.
Convert this currency
CAD converter
CAD0.721345 USD1 CAD = 0.72134459 USD
Rate date:
Currency facts
CAD at a glance
CurrencyCanadian Dollar
ISO codeCAD
SymbolCAD
Minor unitCent
Decimal places2
Central bankBank of Canada
Currency typeOfficial currency
First issuedThe decimal Canadian dollar was adopted in 1858
Money usage guide
Local money guide for Canada
Official use
Canada uses the Canadian dollar as its official currency.
Payment environment
Cards are widely accepted, and cash is useful for smaller merchants or remote areas.
Cash and payment habits
Cash, cards and local payments
Card acceptance
Debit and credit cards are major retail payment methods, with acceptance depending on the merchant and card network.
Mobile and contactless payments
Contactless cards and mobile wallets are common on supported terminals.
ATM availability
Bank and independent ATMs can apply different access charges, in addition to a foreign issuer's fee.
Exchange tips
Planning a conversion
Before exchanging
Compare the Canadian-dollar total from cards, ATMs, banks and exchange providers rather than the headline rate alone.
Cash declaration
The Canada Border Services Agency publishes reporting rules for currency and monetary instruments.
Popular currency pairs
CAD conversion links
Related currencies
Regional and monetary links
Currency topics
These links use the country dataset's regional and monetary relationships rather than a single global popularity list.
Continue exploring
Country and currency links
FAQ
Canada currency questions
Which currency is used in Canada?
Canada uses the Canadian dollar as its official currency.
Does Canada have multiple official currencies?
Canada has one official currency: the Canadian dollar (CAD).
How can I compare the Canadian dollar?
Use the conversion links on this page to compare Canada's official currency with other supported currencies.
Sources and review
Rate data and official references
Data source: Frankfurter
Rate date:
Reviewed by: CurrencyHub Editorial Team
Editorially reviewed:
Content methodology
Country guidance is assembled from official monetary, payment-system and border-information sources. Missing details are omitted rather than inferred.
Sources
Report an errorExchange-rate information is provided for reference only and is not financial, trading or investment advice.