Canadian currency...

The currency of Canada is the Canadian dollar, which was adopted in 1958. Canadian banknotes are currently issued in , , , , and 0 denominations by the Bank of Canada. Coins are issued in 1¢, 5¢, 10¢, 25¢, 50¢, , and denominations and are minted by the Royal Canadian Mint. Most of them have pictures of Canadian wildlife on them.

The note is nicknamed the "loonie" as it has a picture of a loon bird on its back.

Recently the Canadian dollar has been growing in comparison to the American dollar. It reached an all time high of US $ .91 in 2006.

Exchange rate for Canadian currency: The exchange rate of the Canadian currency relative to other currencies plays an important role in the progress of the nation. In simple terms, an exchange rate is the comparison of two different currencies with each other. In other words, it reflects the value of one with respect to the other? If you want to exchange your Canadian currency for American currency, you would need to know the updated exchange rate. If for instance, the Canada-US exchange rate is 0.90, you will get US $ 90 for every $ 100 Canadian dollars.

The exchange rates keep changing daily based on the market performance.

For a major part of Canada’s early history, Canada adopted a fixed exchange regime. This meant that the Canadian government would fix a particular value for the currency in comparison to American and other currencies and undertake steps to ensure it remained at that value.
However, since the 1970s, Canada switched over to a flexible (floating) exchange system, the value of the currency being fixed by currency exchange markets or stock markets. The Canadian government can intervene in the stock markets to battle sharp market shifts and manipulate interest rates.
In a floating exchange system, the market forces of supply and demand dictate the value of its currency.

Canadian currency converter: The Bank of Canada decides the currency exchange rates and has a Canadian currency converter on its web sites. About 55 currencies are listed on the Bank’s web site. Brokers and investors require this data for research. Tourists from Canada who are going to America on a vacation need Canadian-American currency converters so that they know how much cash they need to carry.
The Federal Bank Agency accepts Bank of Canada exchange rates as the basis for calculations involving income and expenses that are denominated in foreign currencies. The exchange rates are updated daily.

Canadian currency converters are available on various web sites such as Yahoo, XE and several others.

Canadian currency conversion: Current Canadian currency conversion rates as of November 16, 2006, were
1 CAD = 0.8769 USD
1 CAD = 0.6846 EUR

Canada currency conversions are based on the Bank of Canada’s noon exchange rates, which are published each business day at about 12:30 p.m. ET.

Many comprehensive Canadian currency converters are available on the web and provide conversions for the Canada Dollar with over 200 currencies including American exchange rates.

American to Canadian currency: As much as 84 % of Canada’s external trade is with the United States. Since Canadians have to pay in American currency whenever it imports goods and services from the United States, they have to follow the American exchange rates. They must first exchange their Canadian dollars for American ones and then buy American products. For this, they need to know the exchange rate for American to Canadian currency. Subsequently, they can convert their American currency into at a bank or currency converting body.
A history of the American and Canadian currency exchange rates for the past 10 years is also available on the Internet.