Where can I buy CAD & Canadian dollars?

Using BookMyForex, you can buy CAD or Canadian dollars from the comfort of your own home at the best exchange rate. To provide you with the best rate, we compare hundreds of money changers in your area. You can also freeze the rates for up to three days by paying a refundable deposit of 2%.

How to buy/sell CAD at the best rates with bookmyforex?

Here's how to buy/sell CAD at the best rates with BookMyForex: Step 1: Start booking the order by selecting your city, selecting the currency, and entering the forex amount. Step 2: To proceed, you will need to enter your mobile number, your email ID, your name, and the OTP sent to your mobile number or email address.

Why is CAD a good currency?

CAD is a commodity currency, meaning the strength of its economy depends on the value of its exports. A large portion of Canada’s exports to the US are oil shipments. When the price of oil rises, CAD’s value also rises in relation to USD.

Why is Canada's CAD a higher value than US CAD?

A large portion of Canada’s exports to the US are oil shipments. When the price of oil rises, CAD’s value also rises in relation to USD. While the US also produces crude oil, it imports much more oil than it exports, so rises in the cost of oil will lower the value of USD/CAD.