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Magic Internet Cash to Canadian Dollar Converter and calculator

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Convert 1Magic Internet Cash (MIC) to Canadian Dollar (CAD) equals $ 0.0001464 | Bitget
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Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Magic Internet Cash(MIC) to Canadian Dollar(CAD). This is the real-time data. The current conversion shows 1 MIC at a value of 1 MIC for 0.00 CAD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

CAD information

About the Canadian Dollar (CAD)

What Is the Canadian Dollar (CAD)?

The Canadian dollar, symbolized as $ and often abbreviated as CAD, is the official currency of Canada. It's divided into 100 cents (¢). Unique to Canada, the dollar coin is commonly referred to as the "loonie," a nod to the image of a loon on its reverse side. The Canadian dollar is the sole legal tender in Canada. It holds a significant position in the global economy, being the sixth-most held reserve currency worldwide, favored for Canada's economic stability and strong sovereign position.

The Canadian dollar (CAD) is issued by the Bank of Canada, which is the central bank of the country. Established in 1934, the Bank of Canada is responsible for formulating Canada's monetary policy, issuing banknotes, regulating and supporting Canada's principal systems for clearing and settling payments, and promoting a safe and efficient financial system. The design and production of Canadian banknotes are overseen by the Bank of Canada, with a focus on ensuring their security and integrity as legal tender.

What Is the History of CAD?

In the early 19th century, Canada saw a mix of currencies, including British pounds, U.S. dollars, and Spanish dollars, circulating within its borders. As trade with the United States intensified, the necessity for a unified currency became clear, leading to the introduction of the Canadian dollar in 1858. This strategic move, aligning the Canadian dollar at par with the U.S. dollar, marked a significant shift from the previously dominant British pound and adopted the decimal system, simplifying transactions and distancing itself from the British pounds, shillings, and pence system. The gold standard, a mainstay of international finance, was adopted in 1853 but abandoned during World War I. Throughout the 19th and 20th centuries, the Canadian dollar underwent various changes, including pegs to the U.S. dollar during and post World War II. In 1950, Canada transitioned to a floating currency, allowing the Canadian dollar to occasionally trade above the U.S. dollar, until 1962 when it was pegged again at $0.925 USD. This peg remained until 1970, after which the Canadian dollar was allowed to float freely once more. The following decades witnessed the Canadian dollar's highs and lows, influenced by global economic trends, domestic policies, and Canada's significant exports, particularly in natural resources like oil.

Notes and Coins of CAD

The coinage includes the penny (1¢), which, although no longer produced or widely circulated, remains legal tender. The nickel (5¢), dime (10¢), quarter (25¢), and half dollar (50¢). Notably, the loonie and toonie, one and two-dollar coins, are essential for daily transactions in Canada.

Canadian banknotes, made from durable polymer, celebrate the nation's history and achievements. The $5 note pays tribute to Sir Wilfrid Laurier and space exploration, the $10 to Sir John A. Macdonald and Canada's landscapes, and the $20 to Queen Elizabeth II and the Vimy Memorial, symbolizing royal and military heritage. The $50 and $100 notes feature former Prime Ministers and themes of Arctic sovereignty and medical advancements.

Is CAD the Same Value as the USD?

No, the Canadian Dollar (CAD) is not the same value as the United States Dollar (USD). Although both currencies are called "dollars," they have different values on the foreign exchange market. As of January 2024, 1 Canadian Dollar was worth approximately 0.75 US Dollars. This exchange rate means that the Canadian Dollar is less valuable than the United States Dollar, so you would need more than one CAD to purchase one USD. However, it's important to note that exchange rates are constantly changing, so the exact value can vary from day to day.

Is CAD a Strong Currency?

The Canadian dollar, commonly referred to as the "loonie," is considered a relatively strong and stable currency, primarily due to Canada's sound economic fundamentals. While it doesn't match the supremacy of the US dollar or the Euro in global finance, it holds its own respectably. As of January 2024, 1 Canadian dollar was equivalent to approximately 0.75 US dollars, demonstrating its moderate strength in the foreign exchange market. The strength of the Canadian dollar is influenced by various factors, including Canada's political stability, a robust banking system, and a wealth of natural resources. Additionally, Canada's close trading relationship with the United States also plays a significant role in the currency's valuation. The Canadian dollar's value can fluctuate based on global oil prices, given the country's status as a major oil exporter.

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Bitget crypto-to-fiat exchange data shows that the most popular Magic Internet Cash currency pair is the MIC to CAD, with for Magic Internet Cash's currency code being MIC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for CAD.

MIC to CAD conversion rate trend

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In the past 1D, Magic Internet Cash has changed -13.28% to CAD. Based on the trend and price charts, Magic Internet Cash(MIC) has changed -13.28% to CAD while Canadian Dollar(CAD) has changed % to MIC in the last 24 hours.

MIC to CAD market statistics

MIC/CAD:
$ 0.0001464
MIC 24h volume:
--
MIC market cap:
--
MIC circulating supply:
0 MIC

Current MIC to CAD exchange rate

Magic Internet Cash to Canadian Dollar is falling this week.
Magic Internet Cash's current market price is $ 0.0001464 per MIC, with a total market cap of $ 0 CAD based on a circulating supply of -- MIC. The trading volume of Magic Internet Cash has changed by 0.00% ($ 0 CAD) in the last 24 hours. Last trading day, MIC's trading volume was $ 0.

MIC to CAD Conversion tables

The exchange rate of Magic Internet Cash is decreasing.
1 MIC is currently valued at $ 0.0001464 CAD , which means buying 5 MIC will cost $ 0.0007318 CAD . Similarly, $1 CAD can be traded for 6,832.57 MIC, and $50 CAD can be converted to 341,628.58 MIC, excluding any platform or gas fees.
The exchange rate of 1 MIC to Canadian Dollar has changed by -12.86% in the last 7 days. In the last 24 hours, the rate has fluctuated by -13.28%, reaching a high of 0.0001688 CAD and a low of 0.0001464 CAD . One month ago, the value of 1 MIC was $ 0.0003014 CAD , which represents a -51.44% change from its current value. Over the last year, Magic Internet Cash has changed by
-$
0.0009469CAD
, resulting in a change of -86.61% in its value.

MIC to CAD

Amount
03:32 am today
0.5 MIC
$0.{4}7318
1 MIC
$0.0001464
5 MIC
$0.0007318
10 MIC
$0.001464
50 MIC
$0.007318
100 MIC
$0.01464
500 MIC
$0.07318
1000 MIC
$0.1464

CAD to MIC

Amount03:32 am today
0.5CAD3,416.29  MIC
1CAD6,832.57  MIC
5CAD34,162.86  MIC
10CAD68,325.72  MIC
50CAD341,628.58  MIC
100CAD683,257.16  MIC
500CAD3,416,285.8  MIC
1000CAD6,832,571.59  MIC
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MIC to CAD Today vs. 24 hours ago

Amount03:32 am today24 hours ago24h change
0.5 MIC$0.{4}7318$0.{4}8439
-13.28%
1 MIC$0.0001464$0.0001688
-13.28%
5 MIC$0.0007318$0.0008439
-13.28%
10 MIC$0.001464$0.001688
-13.28%
50 MIC$0.007318$0.008439
-13.28%
100 MIC$0.01464$0.01688
-13.28%
500 MIC$0.07318$0.08439
-13.28%
1000 MIC$0.1464$0.1688
-13.28%

MIC to CAD Today vs. 1 month ago

Amount03:32 am today1 month ago1M change
0.5 MIC$0.{4}7318$0.0001507
-51.44%
1 MIC$0.0001464$0.0003014
-51.44%
5 MIC$0.0007318$0.001507
-51.44%
10 MIC$0.001464$0.003014
-51.44%
50 MIC$0.007318$0.01507
-51.44%
100 MIC$0.01464$0.03014
-51.44%
500 MIC$0.07318$0.1507
-51.44%
1000 MIC$0.1464$0.3014
-51.44%

MIC to CAD Today vs. 1 year ago

Amount03:32 am today1 year ago1Y change
0.5 MIC$0.{4}7318$0.0005467
-86.61%
1 MIC$0.0001464$0.001093
-86.61%
5 MIC$0.0007318$0.005467
-86.61%
10 MIC$0.001464$0.01093
-86.61%
50 MIC$0.007318$0.05467
-86.61%
100 MIC$0.01464$0.1093
-86.61%
500 MIC$0.07318$0.5467
-86.61%
1000 MIC$0.1464$1.09
-86.61%

How to convert MIC to CAD

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Convert MIC to CAD
Use a variety of payment options to buy Magic Internet Cash on Bitget. We'll show you how.

Buy MIC (or USDT) for CAD (Canadian Dollar) offers

Bitget P2P trading does not currently support direct buying of MIC with CAD. However, you can buy USDT in Bitget P2P trading first, and then buy MIC with USDT via Bitget spot market.
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Low to high
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Sell MIC (or USDT) for CAD (Canadian Dollar) offers

Bitget P2P trading currently does not support direct selling of MIC to CAD. However, you can first exchange MIC for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
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What factors influence the conversion rate of MIC to CAD?

There are many factors that affect the relationship between Magic Internet Cash and Canadian Dollar, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of MIC/CAD. When there is positive news in the market about the widespread adoption of MIC or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MIC/CAD. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MIC/CAD.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of MIC/CAD. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Magic Internet Cash and adjust their investment strategies accordingly in the evolving market.

Magic Internet Cash price prediction

What will the price of MIC be in 2026?

Based on MIC's historical price performance prediction model, the price of MIC is projected to reach $0.0001332 in 2026.

What will the price of MIC be in 2031?

In 2031, the MIC price is expected to change by +39.00%. By the end of 2031, the MIC price is projected to reach $0.0002636, with a cumulative ROI of +160.00%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Magic Internet Cash and CAD.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Magic Internet Cash and CAD. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Magic Internet Cash in CAD, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.