CAD/ETH: what to know
The CAD/ETH rate shows how much ETH you get for 1 CAD. Right now, 1 CAD buys 0.000287140 ETH at the mid-market rate. In the other direction, 1 ETH is worth 3,482.62 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while ETH responds to network activity and 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”. Ethereum popularised programmable “smart contracts”.
Over the past 12 months the CAD/ETH rate has ranged between 0.000152819 and 0.000449894 — a change of +88.94% 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.