How to Write Out Canadian Dollars
Writing out Canadian dollars may seem like a straightforward task, but there are specific guidelines and rules that one should follow to ensure accuracy and clarity. Whether you are writing a formal document, a personal letter, or an online post, it is essential to use the correct format when mentioning Canadian currency. In this article, we will discuss the proper way to write out Canadian dollars, including the currency symbol, denominations, and common mistakes to avoid.
Using the Currency Symbol
The official symbol for the Canadian dollar is “$.” This symbol is derived from the dollar sign used in the United States but is unique to Canada. When writing out Canadian dollars, always use the dollar sign followed by the numerical value. For example, “$10” for ten dollars or “$1,500” for one thousand five hundred dollars.
Denominations and Plurals
It is important to use the correct denominations when writing out Canadian dollars. The following denominations are commonly used:
– $1 (one dollar)
– $2 (two dollars)
– $5 (five dollars)
– $10 (ten dollars)
– $20 (twenty dollars)
– $50 (fifty dollars)
– $100 (one hundred dollars)
When writing out the plural form of Canadian dollars, simply add an “s” to the end of the currency symbol. For example, “$50s” for fifty dollars, “$100s” for one hundred dollars, or “$200s” for two hundred dollars.
Formatting and Punctuation
When writing out Canadian dollars, there are a few formatting and punctuation rules to follow:
– Do not use commas or spaces between the dollar sign and the numerical value.
– Use hyphens to represent thousands when writing large amounts. For example, “$1,500” is written as one thousand five hundred dollars.
– When writing a large amount of money, you can use a combination of numerals and words. For example, “$1,234,567” can be written as one million, two hundred thirty-four thousand, five hundred sixty-seven dollars.
Common Mistakes to Avoid
To ensure you are writing out Canadian dollars correctly, avoid the following common mistakes:
– Do not use the currency symbol before the numerical value, such as “$10” instead of “$10.”
– Do not add a space between the dollar sign and the numerical value, such as “$ 10.”
– Do not use a comma or period to separate the dollar sign from the numerical value, such as “$,10” or “$10.”.
By following these guidelines, you can ensure that you are accurately and properly writing out Canadian dollars in any document or communication.
