Canadian dollar
Rank Currency ISO 4217 code ( symbol ) % of daily trades ( bought or sold ) ( April 2019 )
1 United States dollar USD ( US $ ) 88.3%
2 Euro EUR ( € ) 32.3%
3 Japanese yen JPY ( ¥ ) 16.8%
4 Pound sterling GBP ( £ ) 12.8%
5 Australian dollar AUD ( A $ ) 6.8%
6 Canadian dollar CAD ( C $ ) 5.0%
7 Swiss franc CHF ( CHF ) 5.0%
8 Renminbi CNY ( 元 ) 4.3%
9 Hong Kong dollar HKD ( HK $ ) 3.5%
10 New Zealand dollar NZD ( NZ $ ) 2.1%
11 Swedish krona SEK ( kr ) 2.0%
12 South Korean won KRW ( ₩ ) 2.0%
13 Singapore dollar SGD ( S $ ) 1.8%
14 Norwegian krone NOK ( kr ) 1.8%
15 Mexican peso MXN ( $ ) 1.7%
16 Indian rupee INR ( ₹ ) 1.7%
17 Russian ruble RUB ( ₽ ) 1.1%
18 South African rand ZAR ( R ) 1.1%
19 Turkish lira TRY ( ₺ ) 1.1%
20 Brazilian real BRL ( R $ ) 1.1%
Reserve currency
The Canadian dollar (symbol: $; code: CAD; French: dollar canadien) is the currency of Canada. It is abbreviated with the dollar sign $, or sometimes CA$, Can$ or C$ to distinguish it from other dollar-denominated currencies. [note 1] It is divided into 100 cents (¢). Owing to the image of a loon on the one-dollar coin, the currency is sometimes referred to as the loonie by English-speaking Canadians and foreign exchange traders and analysts, or as the huard (the word for the common loon in French) by French-speaking Canadians. Accounting for approximately 2% of all global reserves, the Canadian dollar is the fifth most held reserve currency in the world, behind the U.S. dollar, the euro, the yen and the pound sterling. The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the Canadian government's strong sovereign position, and the stability of the country's legal and political systems.