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Shiba Inu to Canadian Dollar Converter and calculator

Convert 1Shiba Inu (SHIB) to Canadian Dollar (CAD) equals $ 0.{4}1286 | 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 Shiba Inu(SHIB) to Canadian Dollar(CAD). This is the real-time data. The current conversion shows 1 SHIB at a value of 1 SHIB for 0.00 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 Shiba Inu currency pair is the SHIB to CAD, with for Shiba Inu's currency code being SHIB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for CAD.

SHIB to CAD conversion rate trend

1D7D1M3M1YAll
In the past 1D, Shiba Inu has changed -0.44% to CAD. Based on the trend and price charts, Shiba Inu(SHIB) has changed -0.44% to CAD while Canadian Dollar(CAD) has changed % to SHIB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$0.{4}1286
0.0001% / 0.0004%vip-iconVIP
Binance
$0.{4}1285
0.1000% / 0.1000%
Yes
Coinbase Exchange
$0.{4}1283
0.1000% / 0.1000%
Yes
Kraken
$0.{4}1286
0.1000% / 0.1000%
Yes
OKX
$0.{4}1286
0.080% / 0.100%
Yes
Huobi
$0.{4}1286
0.1000% / 0.1000%
Yes
Gate.io
$0.{4}1286
0.1000% / 0.1000%
Yes
Bybit
$0.{4}1286
0.1000% / 0.1000%
Yes
KuCoin
$0.{4}1285
0.1000% / 0.1000%
Yes
Bitfinex
$0.{4}1285
0.1000% / 0.1000%
Yes
Last updated 2024/02/24 00:00:31(UTC+0)

What factors influence the conversion rate of Shiba Inu to Canadian Dollar?

Shiba Inu to Canadian Dollar is falling this week.
Shiba Inu's current market price is $ 0.{4}1286 per SHIB, with a total market cap of $ 7,576,280,799.2 CAD based on a circulating supply of 589,289,700,000,000 SHIB. The trading volume of Shiba Inu has changed by -3.47% ($ -6,958,211.33 CAD) in the last 24 hours. Last trading day, SHIB's trading volume was $ 200,542,160.13.
Market cap
$5.61B
24h volume
$143.30M
Circulating supply
589.29T SHIB

Conversion tables

The exchange rate of Shiba Inu is increasing.
1 SHIB is currently valued at $ 0.{4}1286 CAD , which means buying 5 SHIB will cost $ 0.{4}6428 CAD . Similarly, $1 CAD can be traded for 77,780.87 SHIB, and $50 CAD can be converted to 3,889,043.57 SHIB, excluding any platform or gas fees.
The exchange rate of 1 SHIB to Canadian Dollar has changed by -3.50% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.44%, reaching a high of 0.{4}1296 CAD and a low of 0.{4}1267 CAD . One month ago, the value of 1 SHIB was $ 0.{4}1202 CAD , which represents a +6.94% change from its current value. Over the last year, Shiba Inu has changed by
-$
0.{5}4831CAD
, resulting in a change of -27.32% in its value.

SHIB to CAD

Amount
00:38 am today
0.5 SHIB
$0.{5}6428
1 SHIB
$0.{4}1286
5 SHIB
$0.{4}6428
10 SHIB
$0.0001286
50 SHIB
$0.0006428
100 SHIB
$0.001286
500 SHIB
$0.006428
1000 SHIB
$0.01286

CAD to SHIB

Amount00:38 am today
0.5CAD38,890.44  SHIB
1CAD77,780.87  SHIB
5CAD388,904.36  SHIB
10CAD777,808.71  SHIB
50CAD3,889,043.57  SHIB
100CAD7,778,087.14  SHIB
500CAD38,890,435.72  SHIB
1000CAD77,780,871.43  SHIB
share

Today vs. 24 hours ago

Amount00:38 am today24 hours ago24h change
0.5 SHIB$0.{5}4759$0.{5}4779
-0.44%
1 SHIB$0.{5}9517$0.{5}9559
-0.44%
5 SHIB$0.{4}4759$0.{4}4779
-0.44%
10 SHIB$0.{4}9517$0.{4}9559
-0.44%
50 SHIB$0.0004759$0.0004779
-0.44%
100 SHIB$0.0009517$0.0009559
-0.44%
500 SHIB$0.004759$0.004779
-0.44%
1000 SHIB$0.009517$0.009559
-0.44%

Today vs. 1 month ago

Amount00:38 am today1 month ago1M change
0.5 SHIB$0.{5}4759$0.{5}4450
+6.94%
1 SHIB$0.{5}9517$0.{5}8899
+6.94%
5 SHIB$0.{4}4759$0.{4}4450
+6.94%
10 SHIB$0.{4}9517$0.{4}8899
+6.94%
50 SHIB$0.0004759$0.0004450
+6.94%
100 SHIB$0.0009517$0.0008899
+6.94%
500 SHIB$0.004759$0.004450
+6.94%
1000 SHIB$0.009517$0.008899
+6.94%

Today vs. 1 year ago

Amount00:38 am today1 year ago1Y change
0.5 SHIB$0.{5}4759$0.{5}6547
-27.32%
1 SHIB$0.{5}9517$0.{4}1309
-27.32%
5 SHIB$0.{4}4759$0.{4}6547
-27.32%
10 SHIB$0.{4}9517$0.0001309
-27.32%
50 SHIB$0.0004759$0.0006547
-27.32%
100 SHIB$0.0009517$0.001309
-27.32%
500 SHIB$0.004759$0.006547
-27.32%
1000 SHIB$0.009517$0.01309
-27.32%

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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.