An international trip planning begins by converting INR to CAD. If have plans to visit Canada, then you must find the most competitive INR to CAD prices and arrange foreign exchange in advance to avoid any last minute hassles.
Canada is a North American country that is known for its vast peaks, soothing lakes, and ancient libraries. Not only is Canada the world’s second largest country by area, but also one of the most preferred travel destinations by people from across the world. The country prides itself on its distinctive culture and rich history along with its sprawling glacial landscapes.
Canada spans over 9 million square km and functions in 6 varied time zones. Since you won’t be able to explore the whole of Canada in one trip, it is advisable to plan your trip and zero down on the places that you want to cover during your vacation. One of the things that you just can’t afford to miss is the Northern Lights. This could be your best chance to enjoy the enthralling sight of the magical Northern Lights. Start researching about the best time to visit right away.
Once you have made up your mind about visiting Canada, it is important to read about the exchange rate of the country. You can calculate the estimated cost of your trip if you know the on-going INR to CAD exchange rate. Knowing the right Canadian Dollar to Indian Rupee rate allows you to plan your trip better and make the most of your vacation.
Today, Thomas Cook is synonymous with travel, and travellers from across the world trust us for all their travel requirements. We offer the best deals on hotels , flights , and foreign exchange. Our team of experts constantly strive at providing the most competitive exchange rates, ensuring you derive the most value from our offerings.
To know the current INR to CAD exchange rate, you can speak to our specialist or log on to the Thomas Cook website and head to our currency converter. Our online and personal assistance aims at eliminating the mental math that you might struggle with while calculating INR to Canadian Dollar conversion rate. Converting INR to Canadian Dollar in your home country is not only cost-effective, but also saves you from the hassle of finding a trustworthy forex vendor in Canada.
We facilitate currency conversion to safeguard our valued customers from fraudulent forex vendors and inflated exchange prices. Buying forex can now be done from the comfort of your home. To convert INR to CAD, you can simply log on to our website, enter the required details and you are good to go! We further enhance your buying experience by delivering your forex at your doorstep. If you wish, you could visit your nearest Thomas Cook branch and collect your foreign currency at your convenience. It’s always better to be safe than sorry; thus, trust only Thomas Cook when it comes to travel and to convert INR to CAD.
Do you want to the exchange rate for 1INR to CAD? Visit our online currency converter now. Knowing the live exchange rate will help you make a realistic travel plan, ensuring you experience the best of Canada without burning a big hole in your pocket.
Visit Thomas Cook today and convert INR to CAD and gear up to explore the spectacular country.
Importance of the Canadian Dollar
Canadian Dollar is the official currency of Canada. It is abbreviated as CAD and is also called the ‘loonie’. The Canadian dollar symbol is C$ to differentiate it from the US Dollar. The Canadian dollar is considered the benchmark currency as most of the central banks across the globe keep their reserve currency in the Canadian Dollar.
Introduction of the Canadian Dollar
The Canadian dollar came into existence in the year 1858 by replacing the Canadian pound. In the year 1871, a uniform currency act was passed wherein various currencies were replaced by one currency i.e., the Canadian dollar. The Canadian dollar is the only currency that has been allowed to be pegged to the US Dollar and is allowed a floating rate. The Canadian dollar was traded at a floating rate from the year 1950. However, between 1962 – 1970 it was pegged to the USD. Post 1970, the Canadian dollar is traded again at a floating rate.
The Bank of Canada is the authority responsible for minting and circulating CAD currency notes and coins. Established in 1935, the bank is based in Ottawa and is governed by the Board of Governors. This board of governors governing the Bank of Canada is responsible for policymaking. The CAD coinage displays the image of the ruling British Monarch on one side while a different design on the other.
Currently, the Canadian Dollar is minted and circulated in the following denominations: 5 C$, 10 C$, 20 C$, 50 C$, and 100 C$. While the coin denominations under the Canadian Dollar are: 5 cents, 10 cents, 25 cents, 50 cents, 1 C$, and 2 C$.
Factors that affect the exchange of the Canada Dollar to INR
The Canadian dollar is one of the most robust currencies in the foreign exchange market. The exchange rate of this currency keeps on fluctuating. The current Canadian dollar to INR forex rate is 1 CAD = 60.98 INR. Numerous factors affect the currency exchange rate. On the macroeconomic level, the factors that affect the foreign currency exchange rate are the inflation rates of both countries, the public debts, the economic and political stability of both countries, the terms of trade between both countries, commodity prices in the global market, oil prices, etc. Currently, the Canadian dollar is stronger than the Indian rupee. But before exchanging the currency it is always beneficial to check the forex rates.
Convert Canadian Dollar to INR Online as per Today’s Conversion Rate
The internet is flooded with numerous foreign currency converters who make it simple for you to convert one currency to another depending upon the current currency conversion rates. However, it is very easy to understand currency conversion if you are aware of the current forex rate. Let us understand the currency conversion with the help of an illustration.
Today's currency rate is 1 C$ = 60.98 INR.
Mr. Ketan working in Canada as a banker sends 10000 C$ to his wife living in India. So, as per today’s conversion rate, the wife will receive 10000 C$ * 60.98 = 6,09,751.40 INR.
Convert Canadian Dollar to INR
We know that 1 Canadian Dollar = 60.98 INR as per today’s foreign exchange rate. It means, that 1 Canadian dollar is equivalent to 60.98 Indian Rupee. Alternatively, 1 INR = 0.016 Canadian Dollars. So the value of 10 Canadian dollars today in the Indian Rupee is 610.57
How are Canadian Dollar-INR Rates Determined?
The Canadian dollars and Indian Rupee foreign exchange rates are determined by the respective central banks of both countries i.e., the Bank of Canada and the Reserve Bank of India respectively. Both banks determine the factors that affect the currency exchange rate and decide the forex rate for their respective currencies. The Canadian Dollar has a floating exchange rate i.e., the value of its currency is determined by the political and economic decisions taken by the country. Therefore, both countries have to keep a close watch on their economic performance so that their currency remains stronger in the foreign exchange market.
Canada Dollar and INR Overview
The Canadian Dollar is stronger than the Indian Rupee. However, this foreign currency exchange rate is always fluctuating. The past trends between the Canadian dollar and Indian Rupee are mentioned below.
| Particulars |
Performance in last 30 days |
Performance in last 90 days |
| Highest rate |
61.319 INR |
62.114 INR |
| Lowest Rate |
59.754 INR |
59.276 INR |
| Average Rate |
60.668 INR |
60.788 INR |
Thus by overseeing the above Canadian dollar to Indian Rupee statistics, it can be said that earning money in Canada and sending the money to India will give a higher INR value.
CAD
