The Canadian Dollar exchange rate (abbreviated CAD) is always in focus all over the world. There are several reasons for this. First, the CAD imports and exports too many billions each year. Second, the Canadian Dollar is used as currency in many places other than the CAD. For example in countries where the local currency is affected by high inflation. The exchange rate of the CAD is therefore decisive for trade across the globe. Pakistan companies that trade abroad are of course particularly interested in Pakistani Rupee (PKR) to Canadian Dollar – PKR to CAD and vice versa.
The Canadian Dollar is used, among other things, to determine the value of important commodities such as oil and gold.