Owing to the image of a loon on the one-dollar coin, the Canadian dollar (CAD) is sometimes referred to as the “loonie”. Closely tied to the US economy, the CAD accounts for approximately 2% of all global reserves, superseded only by the U.S dollar (USD), the euro (EUR), the yen (JPY), and the Great Britain Pound (GBP). With its extreme sensitivity to movements in crude oil and other products, traders often use the CAD to speculate on trends related to these commodities.
$, C$, CAD
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Sri Lanka Rupee
Sri Lanka, formerly known as Ceylon, used both the British Pound and the Indian Rupee before adopting the Ceylon rupee in 1869. In 1972, Ceylon was renamed Sri Lanka, and the rupee took on the Sri Lanka rupee nomenclature. The Sri Lankan economy was one of the fastest growing in the world (at 9.2% in 2012) but in recent years it has slowed down to around 5%, due to the negative impact of a continuing drought on the production and export of tea, rubber and rice.
Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.
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