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The currency of Canada is Canadian Dollar popularly known as CAD across the world. Not to be confused with US$ as the dollar sign is the same, so it is sometimes abbreviated with C$ or Can$. This official currency of Canada is widely accepted. CAD is the 7th most traded currency in Forex marketplace.
Canada stands tall in its relative economic security, sovereign position, and its legal and political stability. Central Banks of countries around the world hold reserves of US Dollar, Euro, Yen, Pound Sterling, and the CAD.
This country is also known for its extensive raw materials export and hence, commodity currency is yet another name coined for Canadian Dollar. CAD is also referred to as Loonie in French.
Canadian Dollar, also known as Loonie, holds a strong worth in countries like Russia, Japan, Brazil, Iran, Hungary, Tanzania, Colombia, Cambodia, Mexico, Romania, etc. The exchange rates on the Canadian Dollar in these countries are quite affordable in relation to their respective currencies, which is indicative of bargain traveling, a low-cost safari in African nations, unrestricted shopping, discounted meals and domestic beer, and many more offers.
Canada has always been charting on top of the list of ideal tourist places. And why not? It is home to landmark the three largest metropolitan areas Toronto, Montreal, and Vancouver. It has vast landscapes as it is the second-largest country by surface, stunning natural beauty, and awesome Canadian culture. It is one of the richest countries that has the dominant service sector and vast oil reserves.
Canada is also favorable for doing business due to its abundant natural resources like energy, food, and minerals. It has multicultural, ethnic diversity, transparent government policies, and well-established international trade networks. The few fascinating spots in Canada are – Niagara Falls, CN Tower, Notre-Dame Basilica, Vancouver Aquarium, Bay of Fundy, etc.
Immigration is also quite easy in Canada as compared to the US, Australia, and other countries.
Foreign currencies are easily converted into CAD at large shopping malls, banks, airport kiosks, etc. but exchange rates may vary and may not be as favorable as what Orient Exchange offers. We have a reputation for offering the best currency exchange deals for over 24 years.
Studying in Canada means gaining excellence in education. But before you get stuck in planning your dreams to study abroad, Orient Exchange has all the facilities to make it successful. For your convenience, we are right there starting from sending application fees to tuition fees to accommodation fees to Canadian Universities. We have tie-ups with several banks via which transferring money in foreign exchange is no more a cumbersome process. This process is also very simple and pocket-friendly. Parents or relatives can also send money abroad to the students’ oversees account for maintenance or any medical emergency.
With a well-secured future, parents also seek to have safety for their children in strange lands. So carrying only cash always is not a wise option. Hence, our bouquet of services includes Travel cards. Students can carry a travel or forex card with them. It is just like using any debit card with free swiping. Again, there are varying rates attached to owning or refilling this card. We, at Orient Exchange, offer the cards below the market price.
Apart from the aforementioned services, we also deal in overseas travel insurance. We do not want you to pay out of your pocket on your international trips. So, we emphasize on, international travel insurance is an investment and not an unnecessary expense. We all know that any medical treatment outside India is extremely expensive. Any unexpected illness or accident in unfamiliar territory can lead to a panic situation and a big hole in your pocket.
Whatever part of India you are at, our widespread branches give you complete opportunity to obtain CAD at the best rates. We guarantee competitive rates of conversions that no other agency can provide. We value your time and money and thus our customer-centric approach facilitates the entire money remittance procedure. We ensure dedicated assistance to senior citizens and students. This helps them in an easy understanding of the terms and conditions, terminologies regarding forex, paperwork, documentation, policies, etc. So once you start your search for a money changer, you will find a plethora of options around you. But are they reliable enough to bank upon for foreign currency exchange?
One should avoid exchanging at the airport exchange kiosks as they will end up spending a commission of up to 10-15 percent approximately. So, buying forex beforehand can save you from last moment hassle and unnecessary expense. With Orient Exchange, fluctuation can bother you least.
Orient Exchange has over 90 years of experience in serving millions of customers worldwide. Our international presence is consolidated by 27, 18, 14, 8, 2 and 24 branches across UAE, Hong Kong, Malaysia, Australia, UK and India respectively. We serve in all major and metro cities in India. Our presence in India dates back to 2004. We strictly follow RBI guidelines for the export and import of the currencies. This has earned us an image of a dependable and trustworthy Forex service provider.
We help you overcome last-minute stress of urgent fund transfer, cash exchange, and travel card refilling. On our online portal, you can access the services with just few clicks. Even our expert services are available at your doorstep also. So our last minute cash delivery option can reach you in no time.
There is neither any restriction nor any illegality on the amount of money you can bring into or take out of Canada. But you must declare if you are carrying any currency or monetary instruments that are valued over Can$10,000.
The customers seeking to exchange the currency should provide their:
So folks, plan your next vacation to Canada or any kind of financial transactions to Canada with us and join our bandwagon of loyal customers. We never compromise on the quality of services we provide. Our policy of ‘customer-first’ will leave you in relaxed hands and with a hassle-free experience.