IPT to CAD Converter and calculator


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IPT to CAD conversion data: Volatility and price changes of Immensely Powerful Technology in CAD
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.{5}8419 CAD | -- CAD | -- CAD | -- CAD |
Low | 0.{5}8395 CAD | -- CAD | -- CAD | -- CAD |
Average | 0 CAD | 0 CAD | 0 CAD | 0 CAD |
Volatility | % | % | % | % |
Change | +0.00% | -- | -- | -- |
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Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Immensely Powerful Technology information
IPT to CAD market statistics
Current IPT to CAD exchange rate
Immensely Powerful Technology to Canadian Dollar is falling this week.More info about Immensely Powerful Technology on Bitget
Canadian Dollar 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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IPT to CAD Conversion tables
Amount | 15:26 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 IPT | C$0.{5}4209 | C$-- | +0.00% |
1 IPT | C$0.{5}8419 | C$-- | +0.00% |
5 IPT | C$0.{4}4209 | C$-- | +0.00% |
10 IPT | C$0.{4}8419 | C$-- | +0.00% |
50 IPT | C$0.0004209 | C$-- | +0.00% |
100 IPT | C$0.0008419 | C$-- | +0.00% |
500 IPT | C$0.004209 | C$-- | +0.00% |
1000 IPT | C$0.008419 | C$-- | +0.00% |
IPT to CAD FAQ
What factors influence the conversion rate of IPT to CAD?
Popular exchange rates — Crypto-to-Fiat converter
The price of Immensely Powerful Technology in the US is $0.{5}6074 USD. Additionally, Immensely Powerful Technology’s price is €0.{5}5174 EUR in the eurozone, £0.{5}4479 GBP in the UK, C$0.{5}8419 CAD in Canada, ₹0.0005367 INR in India, ₨0.001723 PKR in Pakistan, R$0.{4}3277 BRL in Brazil, and more.
The most popular Immensely Powerful Technology currency pair is the IPT to Canadian Dollar(CAD). The price of 1 Immensely Powerful Technology (IPT) in Canadian Dollar (CAD) is C$0.{5}8419.
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