Today Exchange Rate Of Canadian Dollar In Rupees
What is the Canadian Dollar Exchange Rate?
The Canadian dollar exchange rate is the value of the Canadian dollar compared to other currencies. This value changes constantly due to various factors such as economic conditions, political events, and global market trends.
What is the Current Exchange Rate of Canadian Dollar in Rupees?
As of today, the exchange rate of Canadian dollar in rupees is 58.82 INR for 1 CAD. This rate is subject to change throughout the day due to fluctuations in the global foreign exchange market.
Factors Affecting Canadian Dollar Exchange Rate
The exchange rate of Canadian dollar is influenced by various factors such as:
- Economic conditions in Canada and globally
- Interest rates set by the Bank of Canada
- Political events and stability
- International trade and investment
- Inflation rates
Impact of Canadian Dollar Exchange Rate on Trade
The Canadian dollar exchange rate has a significant impact on trade between Canada and other countries. A strong Canadian dollar makes Canadian goods more expensive for foreign buyers, which can reduce exports. Conversely, a weak Canadian dollar can make Canadian goods more affordable for foreign buyers, which can increase exports.
How to Convert Canadian Dollar to Rupees?
To convert Canadian dollar to rupees, you can use an online currency converter or visit a bank or currency exchange office. The exchange rate may vary depending on the institution you use for the conversion.
Historical Exchange Rate of Canadian Dollar in Rupees
The exchange rate of Canadian dollar in rupees has fluctuated over time. Here are some historical exchange rates:
- 1 CAD = 46.49 INR (January 2012)
- 1 CAD = 56.63 INR (January 2016)
- 1 CAD = 80.91 INR (January 2020)
Conclusion
The exchange rate of Canadian dollar in rupees is subject to change due to various economic and political factors. Understanding the current exchange rate and its impact on trade can be beneficial for individuals and businesses that engage in transactions between Canada and India.