About this pair
CAD/XAG: what to know
The CAD/XAG rate shows how much XAG you get for 1 CAD. Right now, 1 CAD buys 0.0113 XAG at the mid-market rate. In the other direction, 1 XAG is worth 88.8019 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while XAG responds to industrial demand and precious-metal trends.
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”. “XAG” uses silver’s Latin symbol Ag (argentum).
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. 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.