Canadian dollar / South African rand

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Updated: 18 Jan, 3:04 pm UTC
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The Canadian Dollar is the national currency of Canada and is used as a key currency in global financial markets. It is used to buy, sell, and trade securities such as stocks, bonds, commodities, and futures. The Canadian Dollar is also a major currency in international transactions and provides a measure of stability and reliability to investors. It serves as a reliable benchmark for assessing investments in other currencies and is the basis for pricing and trading on the Canadian stock markets. In addition, the Canadian Dollar is used to hedge against currency risk and can act as a store of value in times of market volatility.