How Do You Spell CANADIAN DOLLAR?

Pronunciation: [kɐnˈe͡ɪdi͡ən dˈɒlə] (IPA)

The Canadian Dollar is the official currency of Canada. Its spelling is often debated, but the correct way to spell it is [kəˈneɪdiən ˈdɒlər]. The first syllable "ka-" is pronounced with a schwa sound, while the second syllable "-nei-" is pronounced with a long "a" sound. The stress is on the second syllable, and the final "-an" is pronounced with a schwa sound. The second word "dollar" is pronounced with a short "o" sound and a schwa in the final syllable "-lar". Remember, the Canadian Dollar is spelled with two words, not one.

CANADIAN DOLLAR Meaning and Definition

1. The Canadian Dollar, commonly abbreviated as CAD, is the official currency of Canada. It is the decimalized currency, dividing into 100 cents. The currency is managed and issued by the Bank of Canada, the central bank of the country.

   The Canadian Dollar holds a prominent position in the international foreign exchange market and is widely traded by individuals, businesses, and financial institutions. It is commonly used for various transactions such as trade, investment, and tourism within Canada, as well as internationally.

   The value of the Canadian Dollar fluctuates against other major currencies, such as the United States Dollar (USD) and the Euro (EUR), due to the forces of supply and demand in the foreign exchange market. The exchange rate of the Canadian Dollar is influenced by factors like economic growth, interest rates, inflation, political stability, and global market conditions.

   The Canadian Dollar has a range of denominations, including coins (1 cent, 5 cents, 10 cents, 25 cents, and 1 dollar) and banknotes (5 dollars, 10 dollars, 20 dollars, 50 dollars, and 100 dollars). Each banknote features iconic Canadian symbols, historical figures, and significant landmarks to represent the country's cultural heritage.

   Overall, the Canadian Dollar serves as a medium of exchange, unit of account, and store of value within Canada and is an essential component of the country's economic and financial system.

Common Misspellings for CANADIAN DOLLAR

• xanadian dollar
• vanadian dollar
• fanadian dollar
• danadian dollar
• cznadian dollar
• csnadian dollar
• cwnadian dollar
• cqnadian dollar
• cabadian dollar
• camadian dollar
• cajadian dollar
• cahadian dollar
• canzdian dollar
• cansdian dollar
• canwdian dollar
• canqdian dollar
• canasian dollar
• canaxian dollar
• canacian dollar

Etymology of CANADIAN DOLLAR

The word "Canadian Dollar" has a relatively straightforward etymology. The term "dollar" derives from the German word "Taler", which was a shortened form of "Joachimsthaler" referring to coins minted in the town of Joachimsthal in Bohemia (now part of the Czech Republic). These coins were widely used throughout Europe, and the name "Taler" eventually evolved into "dollar" in English.

In the case of the Canadian Dollar, the word "Canadian" represents its national association, as the currency is the official monetary unit of Canada. The Canadian Dollar replaced the Canadian pound in 1858, and it has been the country's currency ever since.

Overall, the term "Canadian Dollar" stands as a combination of the national identity of Canada with the global term "dollar" that denotes a certain unit of currency.