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Dai to Canadian Dollar Converter and calculator

Convert 1Dai (DAI) to Canadian Dollar (CAD) equals $ 1.35 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Dai(DAI) to Canadian Dollar(CAD). This is the real-time data. The current conversion shows 1 DAI at a value of 1 DAI for 1.35 CAD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

CAD information

About the Canadian Dollar (CAD)

What Is the Canadian Dollar (CAD)?

The Canadian dollar, symbolized as $ and often abbreviated as CAD, is the official currency of Canada. It's divided into 100 cents (¢). Unique to Canada, the dollar coin is commonly referred to as the "loonie," a nod to the image of a loon on its reverse side. The Canadian dollar is the sole legal tender in Canada. It holds a significant position in the global economy, being the sixth-most held reserve currency worldwide, favored for Canada's economic stability and strong sovereign position.

The Canadian dollar (CAD) is issued by the Bank of Canada, which is the central bank of the country. Established in 1934, the Bank of Canada is responsible for formulating Canada's monetary policy, issuing banknotes, regulating and supporting Canada's principal systems for clearing and settling payments, and promoting a safe and efficient financial system. The design and production of Canadian banknotes are overseen by the Bank of Canada, with a focus on ensuring their security and integrity as legal tender.

What Is the History of CAD?

In the early 19th century, Canada saw a mix of currencies, including British pounds, U.S. dollars, and Spanish dollars, circulating within its borders. As trade with the United States intensified, the necessity for a unified currency became clear, leading to the introduction of the Canadian dollar in 1858. This strategic move, aligning the Canadian dollar at par with the U.S. dollar, marked a significant shift from the previously dominant British pound and adopted the decimal system, simplifying transactions and distancing itself from the British pounds, shillings, and pence system. The gold standard, a mainstay of international finance, was adopted in 1853 but abandoned during World War I. Throughout the 19th and 20th centuries, the Canadian dollar underwent various changes, including pegs to the U.S. dollar during and post World War II. In 1950, Canada transitioned to a floating currency, allowing the Canadian dollar to occasionally trade above the U.S. dollar, until 1962 when it was pegged again at $0.925 USD. This peg remained until 1970, after which the Canadian dollar was allowed to float freely once more. The following decades witnessed the Canadian dollar's highs and lows, influenced by global economic trends, domestic policies, and Canada's significant exports, particularly in natural resources like oil.

Notes and Coins of CAD

The coinage includes the penny (1¢), which, although no longer produced or widely circulated, remains legal tender. The nickel (5¢), dime (10¢), quarter (25¢), and half dollar (50¢). Notably, the loonie and toonie, one and two-dollar coins, are essential for daily transactions in Canada.

Canadian banknotes, made from durable polymer, celebrate the nation's history and achievements. The $5 note pays tribute to Sir Wilfrid Laurier and space exploration, the $10 to Sir John A. Macdonald and Canada's landscapes, and the $20 to Queen Elizabeth II and the Vimy Memorial, symbolizing royal and military heritage. The $50 and $100 notes feature former Prime Ministers and themes of Arctic sovereignty and medical advancements.

Is CAD the Same Value as the USD?

No, the Canadian Dollar (CAD) is not the same value as the United States Dollar (USD). Although both currencies are called "dollars," they have different values on the foreign exchange market. As of January 2024, 1 Canadian Dollar was worth approximately 0.75 US Dollars. This exchange rate means that the Canadian Dollar is less valuable than the United States Dollar, so you would need more than one CAD to purchase one USD. However, it's important to note that exchange rates are constantly changing, so the exact value can vary from day to day.

Is CAD a Strong Currency?

The Canadian dollar, commonly referred to as the "loonie," is considered a relatively strong and stable currency, primarily due to Canada's sound economic fundamentals. While it doesn't match the supremacy of the US dollar or the Euro in global finance, it holds its own respectably. As of January 2024, 1 Canadian dollar was equivalent to approximately 0.75 US dollars, demonstrating its moderate strength in the foreign exchange market. The strength of the Canadian dollar is influenced by various factors, including Canada's political stability, a robust banking system, and a wealth of natural resources. Additionally, Canada's close trading relationship with the United States also plays a significant role in the currency's valuation. The Canadian dollar's value can fluctuate based on global oil prices, given the country's status as a major oil exporter.

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Bitget crypto-to-fiat exchange data shows that the most popular Dai currency pair is the DAI to CAD, with for Dai's currency code being DAI. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for CAD.

DAI to CAD conversion rate trend

1D7D1M3M1YAll
In the past 1D, Dai has changed +0.01% to CAD. Based on the trend and price charts, Dai(DAI) has changed +0.01% to CAD while Canadian Dollar(CAD) has changed % to DAI in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$1.35
0.0001% / 0.0004%vip-iconVIP
Kraken
$1.35
0.1000% / 0.1000%
Yes
OKX
$1.35
0.080% / 0.100%
Yes
Huobi
$1.35
0.1000% / 0.1000%
Yes
Gate.io
$1.35
0.1000% / 0.1000%
Yes
Bybit
$1.35
0.1000% / 0.1000%
Yes
Last updated 2024/02/24 00:00:27(UTC+0)

What factors influence the conversion rate of Dai to Canadian Dollar?

Dai to Canadian Dollar is falling this week.
Dai's current market price is $ 1.35 per DAI, with a total market cap of $ 7,224,063,588.66 CAD based on a circulating supply of 5,347,888,600 DAI. The trading volume of Dai has changed by -10.68% ($ -20,501,323.51 CAD) in the last 24 hours. Last trading day, DAI's trading volume was $ 191,873,722.6.
Market cap
$5.35B
24h volume
$126.86M
Circulating supply
5.35B DAI

Conversion tables

The exchange rate of Dai is decreasing.
1 DAI is currently valued at $ 1.35 CAD , which means buying 5 DAI will cost $ 6.75 CAD . Similarly, $1 CAD can be traded for 0.7403 DAI, and $50 CAD can be converted to 37.01 DAI, excluding any platform or gas fees.
The exchange rate of 1 DAI to Canadian Dollar has changed by -0.00% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.01%, reaching a high of 1.35 CAD and a low of 1.35 CAD . One month ago, the value of 1 DAI was $ 1.35 CAD , which represents a -0.02% change from its current value. Over the last year, Dai has changed by
+$
0.0005494CAD
, resulting in a change of +0.04% in its value.

DAI to CAD

Amount
00:30 am today
0.5 DAI
$0.6754
1 DAI
$1.35
5 DAI
$6.75
10 DAI
$13.51
50 DAI
$67.54
100 DAI
$135.08
500 DAI
$675.41
1000 DAI
$1,350.83

CAD to DAI

Amount00:30 am today
0.5CAD0.3701  DAI
1CAD0.7403  DAI
5CAD3.7  DAI
10CAD7.4  DAI
50CAD37.01  DAI
100CAD74.03  DAI
500CAD370.14  DAI
1000CAD740.29  DAI
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Today vs. 24 hours ago

Amount00:30 am today24 hours ago24h change
0.5 DAI$0.5000$0.4999
+0.01%
1 DAI$0.9999$0.9999
+0.01%
5 DAI$5$5
+0.01%
10 DAI$10$10
+0.01%
50 DAI$50$49.99
+0.01%
100 DAI$99.99$99.99
+0.01%
500 DAI$499.97$499.94
+0.01%
1000 DAI$999.94$999.88
+0.01%

Today vs. 1 month ago

Amount00:30 am today1 month ago1M change
0.5 DAI$0.5000$0.5001
-0.02%
1 DAI$0.9999$1
-0.02%
5 DAI$5$5
-0.02%
10 DAI$10$10
-0.02%
50 DAI$50$50.01
-0.02%
100 DAI$99.99$100.01
-0.02%
500 DAI$499.97$500.06
-0.02%
1000 DAI$999.94$1,000.12
-0.02%

Today vs. 1 year ago

Amount00:30 am today1 year ago1Y change
0.5 DAI$0.5000$0.4998
+0.04%
1 DAI$0.9999$0.9995
+0.04%
5 DAI$5$5
+0.04%
10 DAI$10$10
+0.04%
50 DAI$50$49.98
+0.04%
100 DAI$99.99$99.95
+0.04%
500 DAI$499.97$499.77
+0.04%
1000 DAI$999.94$999.54
+0.04%

How to buy Dai

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FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.