CAD to INR: Canadian Dollar to Indian Rupee Conversion

Are you planning to visit Canada for business or tourism from India? You need to know the value of CAD in INR. The conversion of CAD into INR can be done with a simple formula. Both currencies witness fluctuations and have different values compared to each other. In the current period, 1 CAD to INR is equivalent to 60.88, and 1 INR to CAD is equivalent to 0.016. However, the valuation is subject depending on market conditions and valuations. In this blog, we will walk you through the overview, and history of these currencies, including the conversion of CAD into INR along with the formula to convert CAD to INR.

Overview of CAD(Canadian dollar)

The Canadian dollar (CAD) is the official currency of Canada, introduced in 1858. It is also represented by $ with CA$, Can$ and C$. The Canadian bank dollar banknote is issued in five denominations which are $5, $10, $20, $50 and $100. CAD is divided into 100 cents, and Royal Canadian Mint issues its coins in seven denominations which are 1c, 5c, 10c, 25c, 50c, $1 and $2.

In addition, the Canadian dollar accounts for approximately about 2% of the global reserves. This currency holds the 5th spot in terms of most controlled reserve currency behind the USD, the Yen, the Euro, and the Pound Sterling. Moreover, the CAD is also famous among Central Banks due to its decent position and economic soundness at Sovereign and the stability of its political, economic and legal systems.

History of CAD(Canadian dollar)

The Canadian province adopted a new system depending on the Halifax rating in 1841. According to the freshly introduced system, the new Canadian pound was equal to 4 dollars, making 1 pound sterling equivalent to 4 shillings and 4 pence. Furthermore, the new Canadian pound is worth 16 shillings and 5.3 pence sterling.

In addition, the 1850s were tough for Canada as it fell under a decade of debt. To tackle the situation, the Canadian Parliament passed a new act that introduced a pound sterling with decimal fractional coinage. The exchange rate to the USD was fixed at CA$ 1.10, equivalent to US$ 1.00 post the outbreak of the Second World War. However, everything changed miraculously in 1946 and 1949 as the pound sterling devalued, followed by Canada backing to square one CAD 1.10, equivalent to USD 1.00. After witnessing an ample amount of fluctuation since 1970, the value of the currency has been sailing.

Overview of INR(Indian Rupee)

INR represents the Indian rupee, and its symbolic representation is ₹. The Indian rupee is controlled and issued by the Reserve Bank of India as per the RBI Act of 1934.

The latest symbol of INR was officially adopted in 2010, combining two parallel lines representing the Indian flag and Devanagari, including the Latin language. In Devanagari, र  stands for Ra and the capital R is derived from Latin.

In addition, on November 8, 2016, the Indian Government, along with RBI, made a massive move by demonetising the INR 500 and INR 1000 banknotes. Moreover, on November 10, 2016, a fresh series of INR 500 and INR 2000 banknotes were released. Along with these two banknotes, from 2017 to 2019 few more banknotes, such as INR 10, INR 20, INR 50, INR 100 and INR 200, were introduced, which were acceptable along the existing early banknotes. Only the INR 200 note was the freshly introduced banknote; the rest already existed in India with different colours, patterns and sizes.

Note: After introducing fresh INR 500 and INR 2000 banknotes during the demonstration, the older INR 500 and INR 1000 became unacceptable in any financial transaction. However, the RBI provide the opportunity to get it changed for a specific period of time.

History of INR(Indian Rupee)

The Indian Rupee has witnessed ample fluctuations throughout the existence of INR. The use of this specific currency started a long time ago, around the 6th century BCE. Furthermore, ancient India is one of the oldest and among the first countries to issue coins, along with Chinese Wen and Lydian Staters.

Additionally, even in Asrhashastra, written by Chanakya (teacher, strategist, economist, philosopher, author, jurist and royal advisor), he mentioned the use of lead, copper, silver and gold coins for financial transactions in the Mauryan dynasty period. One surprising fact about the Arthashatra is that it was written in 340-290 BCE.

In the 18th and 19th centuries, the INR currency witnessed loads of struggles under British rule. According to the old records in the 1900s, the British ran a gold experiment to standardise its use in India. However, that didn’t work out as per the planning. As per Da Tang Xi Yu Ji, there was no proper monetary system in the intermediate century. 

In the 18th and 19th centuries, Indian currency saw many struggles under British rule. As per the old records in the 1900s, the British ran a gold experiment to standardise its use in India. However, that didn’t work out well. Also, as per Da Tang Xi Yu Ji, there was no proper monetary system in the intermediate century. However, the current scenario is totally different as the Indian currency is thriving and making a global presence.

CAD to INR Forecast

Here we represent the CAD to INR forecast table of the next 12 months for 2021 and 2022.

The table represents the value of 1 CAD in rupees and CAD to INR rate.

Convert CAD to Indian Rupee

To convert the Canadian dollar to the Indian rupee, you must know the value of CAD and INR. For example, the value is 58.76 in Indian Rupees. 

Here are some examples to find the value of CAD to INR. 

Note: We are using the same CAD to INR live rate of 12th January 2022.     

Example 1: Convert 10 CAD into INR

The simple formula is used to convert CAD to INR. As 1 CAD is equivalent to 60.88 you just need to multiply the value by the desired number of CAD. As in this example we desire to convert 10 CAD to INR we need to multiply 10 x the value of INR, which is 60.88, and we will get the outcome.

10 x 60.88 = 608.8 

So CAD 10 is equivalent to INR 608.8

Example 2: Convert 25 CAD into INR

For 25 CAD to INR, you can use the same formula to calculate. 

The desired number of Canadian dollars x the value of 1 CAD into INR 

25 x 60.88 = 1,521.69

So CAD 25 is equivalent to INR 1,521.69

Example 3: Convert 50 CAD into INR

For 50 CAD to INR, you need to apply the same formula

By applying the same formula: 50 x 60.88 = 3,044.25

So CAD 50 is equivalent to INR 3,044.25

Don’t Miss it!

CAD to INR Conversion Chart

Here is a table showcasing the conversion of Canadian currency into INR. The values may vary depending upon the CAD to INR live rate. 

CAD Vs Indian Rupees

Here are the differences between CAD and Indian Rupees.

FAQ’s about Convert CAD to INR