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base info Hooked Protocol

Hooked Protocol to Canadian Dollar Converter and calculator

Convert 1Hooked Protocol (HOOK) to Canadian Dollar (CAD) equals $ 1.24 | Bitget

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 Hooked Protocol currency pair is the HOOK to CAD, with for Hooked Protocol's currency code being HOOK. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for CAD.

HOOK to CAD conversion rate trend

1D7D1M3M1YAll
In the past 1D, Hooked Protocol has changed +1.57% to CAD. Based on the trend and price charts, Hooked Protocol(HOOK) has changed +1.57% to CAD while Canadian Dollar(CAD) has changed % to HOOK in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$1.23
0.0001% / 0.0004%vip-iconVIP
Binance
$1.24
0.1000% / 0.1000%
Yes
Gate.io
$1.23
0.1000% / 0.1000%
Yes
Bybit
$1.24
0.1000% / 0.1000%
Yes
Last updated 2024/04/18 14:00:24(UTC+0)

What factors influence the conversion rate of Hooked Protocol to Canadian Dollar?

Hooked Protocol to Canadian Dollar is falling this week.
Hooked Protocol's current market price is $ 1.24 per HOOK, with a total market cap of $ 172,788,000.93 CAD based on a circulating supply of 139,254,290 HOOK. The trading volume of Hooked Protocol has changed by +31.21% ($ 2,842,920 CAD) in the last 24 hours. Last trading day, HOOK's trading volume was $ 9,108,828.41.
Market cap
$125.59M
24h volume
$8.69M
Circulating supply
139.25M HOOK

Conversion tables

The exchange rate of Hooked Protocol is decreasing.
1 HOOK is currently valued at $ 1.24 CAD , which means buying 5 HOOK will cost $ 6.2 CAD . Similarly, $1 CAD can be traded for 0.8059 HOOK, and $50 CAD can be converted to 40.3 HOOK, excluding any platform or gas fees.
The exchange rate of 1 HOOK to Canadian Dollar has changed by -29.11% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.57%, reaching a high of 1.29 CAD and a low of 1.19 CAD . One month ago, the value of 1 HOOK was $ 1.66 CAD , which represents a -25.11% change from its current value. Over the last year, Hooked Protocol has changed by
-$
1.57CAD
, resulting in a change of -55.93% in its value.

HOOK to CAD

Amount
14:13 today
0.5 HOOK
$0.6204
1 HOOK
$1.24
5 HOOK
$6.2
10 HOOK
$12.41
50 HOOK
$62.04
100 HOOK
$124.08
500 HOOK
$620.4
1000 HOOK
$1,240.81

CAD to HOOK

Amount14:13 today
0.5CAD0.4030  HOOK
1CAD0.8059  HOOK
5CAD4.03  HOOK
10CAD8.06  HOOK
50CAD40.3  HOOK
100CAD80.59  HOOK
500CAD402.96  HOOK
1000CAD805.93  HOOK
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Today vs. 24 hours ago

Amount14:13 today24 hours ago24h change
0.5 HOOK$0.4509$0.4440
+1.57%
1 HOOK$0.9019$0.8880
+1.57%
5 HOOK$4.51$4.44
+1.57%
10 HOOK$9.02$8.88
+1.57%
50 HOOK$45.09$44.4
+1.57%
100 HOOK$90.19$88.8
+1.57%
500 HOOK$450.94$443.99
+1.57%
1000 HOOK$901.88$887.98
+1.57%

Today vs. 1 month ago

Amount14:13 today1 month ago1M change
0.5 HOOK$0.4509$0.6015
-25.11%
1 HOOK$0.9019$1.2
-25.11%
5 HOOK$4.51$6.01
-25.11%
10 HOOK$9.02$12.03
-25.11%
50 HOOK$45.09$60.15
-25.11%
100 HOOK$90.19$120.3
-25.11%
500 HOOK$450.94$601.48
-25.11%
1000 HOOK$901.88$1,202.95
-25.11%

Today vs. 1 year ago

Amount14:13 today1 year ago1Y change
0.5 HOOK$0.4509$1.02
-55.93%
1 HOOK$0.9019$2.04
-55.93%
5 HOOK$4.51$10.21
-55.93%
10 HOOK$9.02$20.42
-55.93%
50 HOOK$45.09$102.08
-55.93%
100 HOOK$90.19$204.16
-55.93%
500 HOOK$450.94$1,020.81
-55.93%
1000 HOOK$901.88$2,041.63
-55.93%

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.