AUD to CAD Exchange Rate

The lowdown on the Canadian dollar

It’s been around since 1853, so the Canadian dollar is one of the oldest currencies around, as well as one of the most stable. It sometimes gets called a petro currency – that means that, because Canada produces oil, the Canadian dollar is worth more when the price of oil goes up and less when it goes down.

If you hear a Canadian say something about a loonie, don’t get offended. It’s their nickname for the one dollar coin, because it has a loon – the national bird of Canada – on one side. Then there’s the two dollar bill, known as a toonie. It’s got a polar bear on it, and Canada’s incredible wildlife, like the caribou and the beaver, makes an appearance on the rest of the coins too. On the other side, there’s Queen Elizabeth, so that should make you feel at home.

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