Date of publication: 2018.01.14

Currency converter

Reading an Exchange Rate

If the USD/CAD exchange rate is 1.0950, that means it costs 1.0950 Canadian dollars for 1 U.S. dollar. The first currency listed (USD) always stands for one unit of that currency; the exchange rate shows how much of the second currency (CAD) is needed to purchase that one unit of the first (USD).

This rate tells you how much it costs to buy one U.S. dollar using Canadian dollars. To find out how much it costs to buy one Canadian dollar using U.S. dollars use the following formula: 1/exchange rate.

In this case, 1 / 1.0950 = 0.9132. It costs 0.9132 U.S. dollars to buy one Canadian dollar. This price would be reflected by the CAD/USD pair; notice the position of the currencies has switched. It might sound rather hard, don't you think? We also know that. This is why we decided to provide you with an easy to navigate and use currency converter.

The best thing is the fact that the converter provides you with many types of currencies which you can check. There are more than, a few dozen currencies. The most important ones which you can find are:

- Canadian dollars (CAD)
- Polish zloty (PLN)
- American dollars (USD)
- Chinese yuans (CNY)
- Euro (EUR)

We only named, a few the most important currencies. However this is not all we offer to you. To the contrary, we have much more. For example our converter is also able to convert value of various materials or even crypto currencies. If you want to know how much does the bitcoin is worth in USD then visit the site and check it. Who know, maybe you are going to start to invest in Bitcoins? Maybe you're going to gain something thanks to that? We certainly wish you that to happen. Especially because Bitcoins are currently, one of the most interesting forms of investment. So visit our site

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