Buy, Sell Or Transfer An introduction to Canadian Dollar (CAD) At The Best Rates In India
BookMyForex Compares forex rates across hundreds of banks and forex companies in your area and helps you discover the best rate for your forex requirement
Live Canadian Dollar Exchange Rates
| CAD Interbank Rate | ₹61.389 |
| CAD Buying Rate | ₹61.5128 |
| CAD Selling Rate | ₹61.9932 |
| CAD Remittance Rate | ₹61.8928 |
Canadian Dollar (CAD) also known as the candy is the official currency of Canada. If you want to buy or sell the Canadian Dollar, you have arrived at the right place. You can carry Canadian Dollar (CAD) in various forms like forex cards or Canadian Dollar demand draft. There is also an option for a traveller’s cheque available as well.
In case you wish to transfer money to someone in Canada, you can opt for a wire transfer which is a quite simple process on BookMyForex. You just need to visit BookMyForex and go to the portal. After that, you just need to select the following options shown on the screen and fill in the required details.
Canadian Dollar currency is quite popular among Indians as there are tons of NRIs living there and people keep on visiting there quite often. So, it’s not a big surprise that there is quite a good demand for CAD.
CONVERT CANADIAN DOLLAR TO RUPEE
When you are planning a foreign trip, one of the most important things to consider is keeping yourself loaded with the approved currency of that country. This helps in paying bills at the local places and transports without facing issues. So, converting the rupee to the Canadian Dollar makes sense for this and various other reasons. But what if you are left with an excess of the CAD after your trip is over? If you have plans to revisit Canada, then keeping the Canadian Dollar in-store makes sense. But if you do not have any such plan, then the best that you can do is get the CAD converted into Rupee when the rates are good.
The exchange rate of the Canadian Dollar is highly fluctuating. Knowing the best-suited exchange rate is important to make the maximum profit from the transaction. While it is possible to know the exchange rate from various sources, they might not all be accurate. So, when converting your CAD into Rupee you should also know about the best possible platform to find out the most updated exchange rate.
Buy/Sell Canadian Dollar in INR with BookMyForex
You can buy/sell Canadian Dollars with Indian rupees through the online currency exchanging platform of BookMyForex. We offer an online mode of exchanging currencies that you can avail of from the comfort of your home. We provide you with an exchange rate that is way better than any of the exchange rates offered by vendors or banks. Unlike banks that show you the same exchange rate throughout the day, we keep you updated about the most current exchange rate. When you buy or sell foreign currency from banks, you are made to pay additional fees. But that is not the case with BookMyForex. With us, you only pay the Government taxes and nothing extra.
Currency Facts
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CAD Stats |
CAD Profile |
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Name: Canadian Dollar |
Central Bank: Bank of Canada Website: http://www.bankofcanada.ca |
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Symbol: $ cent: ¢ |
Coins: Freq Used: ₽1, ₽2, ₽5, к.10, к.50 Rarely Used: ₽10, к.1, к.5 |
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Minor Unit: 1/100 = cent |
Banknotes: Freq Used: $5, $10, $20, $50, $100 Rarely Used: $1, $2, $500, $1000 |
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Top CAD Conversion: CAD/USD |
Users: Canada |
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Nicknames: Loonie, buck (English), Huard, piastre (French |
History of Canadian Dollar
Canadian Dollar was introduced as a currency by French colonists in the early part of the 1660s. It was, mostly, coins that were introduced and used. The use of Canadian Dollar currency notes started in 1821 when Montreal Bank introduced them. For a brief time when Canada was a British Colony, the Canadian Dollar was called Canadian Pound. But it was in 1858 when Pound was replaced by Dollar and aligned with US Dollar. The Bank of Canada was established in 1934 with the first issue of banknotes a year later. The first Loonie coin was introduced in 1987 and the two-dollar coin (often called the Toonie) was launched in 1996. In 2011, the Central Bank of Canada issued a new series of banknotes printed on a polymer material.
Which are the best methods to exchange CAD (Canadian Dollar) in India?
The best method to buy/sell Canadian Dollars in India is to go to BookMyForex’s platform and bo choose your location. You will get a number of authorised money exchangers and choose the one that’s less expensive and has top customer reviews.
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Which platforms can offer me the best CAD to INR rates here in India?
BookMyForex will provide you the best CAD to INR rates. For the best deal possible in your area, we will give you a number of options and you can choose accordingly. During volatile times, we also provide you an option to lock the currency rates for up to 3 days.
No Hidden Charges on BookMyForex
You pay what you see on BookMyForex. Banks usually do not provide the live foreign currency exchange rates but we don’t let that happen under our watch. We update foreign exchange rates very frequently and you do not pay any hidden charges on BookMyForex.
Frequently Asked Questions
To book CAD via BookMyForex, all you need to do is visit our website and fill in the required details. Once you enter your city and Forex requirements, you will be provided with the most competitive exchange rate that the vendors and banks of your city have got to offer. On selecting an exchange partner of your choice you will be prompted to choose a doorstep delivery or collect the currency directly from the location.
Indian students in Canada can conveniently use the BookMyForex forex card, which has been launched in partnership with Yes Bank and Visa. This card has several features that give it an edge above the rest. This is a Multi-Currency Card which allows you to deal with as many as 16 currencies on the same Forex card.There are no extra charges over the interbank rates unlike other cards. It gives the facility to make single-tap, contactless payments at a POS terminal without Zero fee. The card has enhanced safety features like direct card blocking facility in case of theft or fraud. All these features are available at Zero issuance Fees on the card.
There are certain documents that you have to compulsorily produce before you can buy or sell CAD in India. A valid Indian passport is one of the important requirements. In addition to this, you should have a Canadian Visa. Some of the currency exchangers ask for PAN cards so you might even need to produce that. You should also be able to provide an Air ticket that confirms your journey to Canada within the next 60 days.
Exchanging CAD to INR is possible in India with various options. One of the options is exchanging the currency at the airport. If the rates or service fee levied at the airport appears unappealing to you, you can opt for the banks in your city. Several banks allow currency exchange at the best rate of the day. But with banks, too, you need to pay additional charges in terms of a service fee. Another option is to get quotes from the local money exchanging vendors of your city. A quick and hassle-free option comes with the online platforms for money exchange such as BookMyForex. Here you are exempted from paying any additional charges apart from the government taxes.
