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Magnate Finance to Canadian Dollar Converter and calculator

Convert 1Magnate Finance (MAG) to Canadian Dollar (CAD) equals $ 0.{4}7917 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Magnate Finance(MAG) to Canadian Dollar(CAD). This is the real-time data. The current conversion shows 1 MAG at a value of 1 MAG for 0.00 CAD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

CAD information

About the Canadian Dollar (CAD)

What Is the Canadian Dollar (CAD)?

The Canadian dollar, symbolized as $ and often abbreviated as CAD, is the official currency of Canada. It's divided into 100 cents (¢). Unique to Canada, the dollar coin is commonly referred to as the "loonie," a nod to the image of a loon on its reverse side. The Canadian dollar is the sole legal tender in Canada. It holds a significant position in the global economy, being the sixth-most held reserve currency worldwide, favored for Canada's economic stability and strong sovereign position.

The Canadian dollar (CAD) is issued by the Bank of Canada, which is the central bank of the country. Established in 1934, the Bank of Canada is responsible for formulating Canada's monetary policy, issuing banknotes, regulating and supporting Canada's principal systems for clearing and settling payments, and promoting a safe and efficient financial system. The design and production of Canadian banknotes are overseen by the Bank of Canada, with a focus on ensuring their security and integrity as legal tender.

What Is the History of CAD?

In the early 19th century, Canada saw a mix of currencies, including British pounds, U.S. dollars, and Spanish dollars, circulating within its borders. As trade with the United States intensified, the necessity for a unified currency became clear, leading to the introduction of the Canadian dollar in 1858. This strategic move, aligning the Canadian dollar at par with the U.S. dollar, marked a significant shift from the previously dominant British pound and adopted the decimal system, simplifying transactions and distancing itself from the British pounds, shillings, and pence system. The gold standard, a mainstay of international finance, was adopted in 1853 but abandoned during World War I. Throughout the 19th and 20th centuries, the Canadian dollar underwent various changes, including pegs to the U.S. dollar during and post World War II. In 1950, Canada transitioned to a floating currency, allowing the Canadian dollar to occasionally trade above the U.S. dollar, until 1962 when it was pegged again at $0.925 USD. This peg remained until 1970, after which the Canadian dollar was allowed to float freely once more. The following decades witnessed the Canadian dollar's highs and lows, influenced by global economic trends, domestic policies, and Canada's significant exports, particularly in natural resources like oil.

Notes and Coins of CAD

The coinage includes the penny (1¢), which, although no longer produced or widely circulated, remains legal tender. The nickel (5¢), dime (10¢), quarter (25¢), and half dollar (50¢). Notably, the loonie and toonie, one and two-dollar coins, are essential for daily transactions in Canada.

Canadian banknotes, made from durable polymer, celebrate the nation's history and achievements. The $5 note pays tribute to Sir Wilfrid Laurier and space exploration, the $10 to Sir John A. Macdonald and Canada's landscapes, and the $20 to Queen Elizabeth II and the Vimy Memorial, symbolizing royal and military heritage. The $50 and $100 notes feature former Prime Ministers and themes of Arctic sovereignty and medical advancements.

Is CAD the Same Value as the USD?

No, the Canadian Dollar (CAD) is not the same value as the United States Dollar (USD). Although both currencies are called "dollars," they have different values on the foreign exchange market. As of January 2024, 1 Canadian Dollar was worth approximately 0.75 US Dollars. This exchange rate means that the Canadian Dollar is less valuable than the United States Dollar, so you would need more than one CAD to purchase one USD. However, it's important to note that exchange rates are constantly changing, so the exact value can vary from day to day.

Is CAD a Strong Currency?

The Canadian dollar, commonly referred to as the "loonie," is considered a relatively strong and stable currency, primarily due to Canada's sound economic fundamentals. While it doesn't match the supremacy of the US dollar or the Euro in global finance, it holds its own respectably. As of January 2024, 1 Canadian dollar was equivalent to approximately 0.75 US dollars, demonstrating its moderate strength in the foreign exchange market. The strength of the Canadian dollar is influenced by various factors, including Canada's political stability, a robust banking system, and a wealth of natural resources. Additionally, Canada's close trading relationship with the United States also plays a significant role in the currency's valuation. The Canadian dollar's value can fluctuate based on global oil prices, given the country's status as a major oil exporter.

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Bitget crypto-to-fiat exchange data shows that the most popular Magnate Finance currency pair is the MAG to CAD, with for Magnate Finance's currency code being MAG. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for CAD.

MAG to CAD conversion rate trend

1D7D1M3M1YAll
In the past 1D, Magnate Finance has changed +1.21% to CAD. Based on the trend and price charts, Magnate Finance(MAG) has changed +1.21% to CAD while Canadian Dollar(CAD) has changed % to MAG in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$0.{4}7917
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/12/23 00:34:19(UTC+0)

How to buy Magnate Finance

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Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Magnate Finance (MAG)
Use a variety of payment options to buy Magnate Finance on Bitget. We'll show you how.

Buy MAG (or USDT) for CAD (Canadian Dollar) offers

Bitget P2P trading does not currently support direct buying of MAG with CAD. However, you can buy USDT in Bitget P2P trading first, and then buy MAG with USDT via Bitget spot market.
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Low to high
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Sell MAG (or USDT) for CAD (Canadian Dollar) offers

Bitget P2P trading currently does not support direct selling of MAG to CAD. However, you can first exchange MAG for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
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Zero fees
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What factors influence the conversion rate of Magnate Finance to Canadian Dollar?

Magnate Finance to Canadian Dollar is falling this week.
Magnate Finance's current market price is $ 0.{4}7917 per MAG, with a total market cap of $ 0 CAD based on a circulating supply of -- MAG. The trading volume of Magnate Finance has changed by 0.00% ($ 0 CAD) in the last 24 hours. Last trading day, MAG's trading volume was $ 0.6301.
Market cap
$0
24h volume
$0.43849355
Circulating supply
0 MAG

Conversion tables

The exchange rate of Magnate Finance is increasing.
1 MAG is currently valued at $ 0.{4}7917 CAD , which means buying 5 MAG will cost $ 0.0003958 CAD . Similarly, $1 CAD can be traded for 12,631.53 MAG, and $50 CAD can be converted to 631,576.64 MAG, excluding any platform or gas fees.
The exchange rate of 1 MAG to Canadian Dollar has changed by -7.83% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.21%, reaching a high of 0.{4}8053 CAD and a low of 0.{4}7956 CAD . One month ago, the value of 1 MAG was $ 0.{4}7615 CAD , which represents a +3.90% change from its current value. Over the last year, Magnate Finance has changed by
+$
0.{4}3137CAD
, resulting in a change of +63.82% in its value.

MAG to CAD

Amount
00:58 am today
0.5 MAG
$0.{4}3958
1 MAG
$0.{4}7917
5 MAG
$0.0003958
10 MAG
$0.0007917
50 MAG
$0.003958
100 MAG
$0.007917
500 MAG
$0.03958
1000 MAG
$0.07917

CAD to MAG

Amount00:58 am today
0.5CAD6,315.77  MAG
1CAD12,631.53  MAG
5CAD63,157.66  MAG
10CAD126,315.33  MAG
50CAD631,576.64  MAG
100CAD1,263,153.29  MAG
500CAD6,315,766.44  MAG
1000CAD12,631,532.88  MAG

Today vs. 24 hours ago

Amount00:58 am today24 hours ago24h change
0.5 MAG$0.{4}2755$0.{4}2721
+1.21%
1 MAG$0.{4}5509$0.{4}5442
+1.21%
5 MAG$0.0002755$0.0002721
+1.21%
10 MAG$0.0005509$0.0005442
+1.21%
50 MAG$0.002755$0.002721
+1.21%
100 MAG$0.005509$0.005442
+1.21%
500 MAG$0.02755$0.02721
+1.21%
1000 MAG$0.05509$0.05442
+1.21%

Today vs. 1 month ago

Amount00:58 am today1 month ago1M change
0.5 MAG$0.{4}2755$0.{4}2649
+3.90%
1 MAG$0.{4}5509$0.{4}5299
+3.90%
5 MAG$0.0002755$0.0002649
+3.90%
10 MAG$0.0005509$0.0005299
+3.90%
50 MAG$0.002755$0.002649
+3.90%
100 MAG$0.005509$0.005299
+3.90%
500 MAG$0.02755$0.02649
+3.90%
1000 MAG$0.05509$0.05299
+3.90%

Today vs. 1 year ago

Amount00:58 am today1 year ago1Y change
0.5 MAG$0.{4}2755$0.{4}1663
+63.82%
1 MAG$0.{4}5509$0.{4}3326
+63.82%
5 MAG$0.0002755$0.0001663
+63.82%
10 MAG$0.0005509$0.0003326
+63.82%
50 MAG$0.002755$0.001663
+63.82%
100 MAG$0.005509$0.003326
+63.82%
500 MAG$0.02755$0.01663
+63.82%
1000 MAG$0.05509$0.03326
+63.82%

Magnate Finance price prediction

What will the price of MAG be in 2025?

Based on MAG's historical price performance prediction model, the price of MAG is projected to reach $0.0001108 in 2025.

What will the price of MAG be in 2030?

In 2030, the MAG price is expected to change by +4.00%. By the end of 2030, the MAG price is projected to reach $0.0001585, with a cumulative ROI of +187.75%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Magnate Finance and CAD.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Magnate Finance and CAD. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Magnate Finance in CAD, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.