May 19, 2011 | In: General

Is It CDN or CAD?

I think most of the investors, with the exception of forex traders, aren’t sure of the right abbreviation of the Canadian dollar (the loonie). Is it CDN or CAD?

In order to answer this question, I used Google! I entered, in the Google search box, the following: “2500 CDN in USD”. Google, in my opinion, should be intelligent enough to correct this, let’s see the results!

CDN corrected to CAD by Google

As you can see from the above, Google corrected CDN to CAD, which means that most people use CAD instead of CDN. But is CAD the official acronym of the Canadian dollar?

Let’s check with the bank of Canada… Take a look at the Bank of Canada’s Exchange Page. On the right sidebar, you will see the latest USD-CAD rates. As you can clearly see, the Bank of Canada, the official issuer of the Canadian currency, referred to it as CAD. I think that settles the issue! The correct acronym is CAD!

Note that some people also use CAN to refer to the Canadian dollar, which is also wrong.

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