AUD/CAD

Australian dollar (AUD) to Canadian dollar (CAD) exchange rate.

 SELL Open a SELL trade on  SELL Open a SELL trade on Of current open trades, % are BUY and % are SELL BUY  Open a BUY trade on BUY  Open a BUY trade on   The daily price change of

Product Type: CurrenciesMarket: Global
Trading Hours:  24 hours, Mon-Fri.
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Description:

Australian dollar to Canadian dollar (AUD/CAD) is a currency cross, traded less actively than the Major currency pairs which dominate the foreign exchange market. The AUD/CAD indicates how much of the Canadian dollar is needed to buy one Australian dollar. Its rate is greatly affected by factors such as the two countries’ respective economic policies, unemployment rates, exports and imports statics and gross domestic product (GDP) growth.    

Interesting Facts:

  • Canada has the 9th largest economy in the world based on gross domestic product (GDP) and the 14th largest based on purchasing power parity (PPP). It is the 5th largest energy producer, the 7th largest producer of crude oil and overall one of the richest countries in the world.
  • 70% of Canada’s exported goods are services are to the US market, which remains its largest and most important importer.
  • CAD is particularly popular among top-ranking banks that choose it because of Canada's relative economic soundness, strong governmental system, and political and legal stability.
  • Australia is known as the Land of Plenty. Immensely rich in natural resources, it is one of the worlds’ top exporters of metals, minerals and agriculture commodity products.
  • Australia's export efforts are directed mainly to Northeast and West Asia: third of which to China, a fifth to Japan, and another fifth to South Korea and India.
 
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