1 Cent of Canada in Indian Rupees
Are you curious about the value of 1 cent of Canada in Indian rupees? If so, you've come to the right place! In this article, we'll explore the exchange rate between the Canadian dollar and the Indian rupee, and provide you with the conversion rate for 1 cent of Canada in Indian rupees.
What is 1 Cent of Canada?
The Canadian penny, also known as the cent, is a denomination of currency in Canada. It is equal to one-hundredth of the Canadian dollar. The Canadian penny has been in circulation since 1858 and features an image of Queen Elizabeth II on one side and a maple leaf on the other.
Indian Rupee: The Currency of India
The Indian rupee is the official currency of India. It is subdivided into 100 smaller units called paise, although paise are no longer in circulation. The Indian rupee is issued by the Reserve Bank of India, the central bank of India.
Conversion Rate: 1 Cent of Canada to Indian Rupees
As of the current exchange rate (1 CAD = 57.45 INR), 1 cent of Canada is equivalent to:
0.5745 Indian Rupees
This means that if you exchange 1 cent of Canada for Indian rupees, you will receive approximately 0.5745 rupees.
Interesting Facts
- The Canadian penny is one of the most widely recognized coins in the world.
- The Indian rupee is one of the oldest currencies in the world, with a history dating back to the 6th century BC.
- Canada and India have a strong economic relationship, with bilateral trade between the two countries valued at over $6 billion.
Conclusion
In conclusion, 1 cent of Canada is equivalent to approximately 0.5745 Indian rupees. We hope this article has provided you with valuable information about the exchange rate between the Canadian dollar and the Indian rupee. Whether you're a currency enthusiast, a traveler, or simply curious about international exchange rates, we're glad you stopped by!
