# Canadian Dollar

The Canadian dollar (symbol: CAD; code: CAD) is the official currency of Canada.

## Overview

The Canadian dollar is subdivided into 100 cents. It was established as the nation's currency in 1871, and today it is one of the world's most stable currencies.

## Currency Design

Canadian banknotes come in various colors and feature Canadian historical figures and themes. The coins, known as "loonies" and "toonies," are named after the images on the one-dollar and two-dollar coins, respectively.

## Exchange Rates

The value of the Canadian dollar fluctuates based on various economic factors. Here is a simple list of some factors affecting its exchange rate:
- Economic indicators such as GDP and employment rates
- Oil prices, as Canada is a significant oil exporter
- Interest rates set by the Bank of Canada

## Conclusion

The Canadian dollar is not only a means of exchange but also a reflection of Canada's economy and its trade relations with other countries.