CAD/BCH: what to know
The CAD/BCH rate shows how much BCH you get for 1 CAD. Right now, 1 CAD buys 0.00321024 BCH at the mid-market rate. In the other direction, 1 BCH is worth 311.5033 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while BCH responds to crypto-market sentiment.
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”. Bitcoin Cash split from Bitcoin in 2017 to enable cheaper, faster transactions.
Over the past 12 months the CAD/BCH rate has ranged between 0.00111263 and 0.00369495 — a change of +168.26% 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.