BCH/CAD: what to know
The BCH/CAD rate shows how much CAD you get for 1 BCH. Right now, 1 BCH buys 310.6017 CAD at the mid-market rate. In the other direction, 1 CAD is worth 0.00321956 BCH.
In the short term BCH is driven mainly by crypto-market sentiment, while CAD responds to oil prices and the US economy.
Bitcoin Cash split from Bitcoin in 2017 to enable cheaper, faster transactions. The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”.
Over the past 12 months the BCH/CAD rate has ranged between 270.6393 and 898.7718 — a change of -62.72% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.