That represents about 1.07% which should be normal although it could be at the lower end. It also depends on which niche you are in. Certain niche is normal to stay below 1% while some go as high as 4%.
Yes, You are getting less clicks. You have to get more clickes than what you are getting now. Do optimisation techniques to convert your traffic into clicks.
That is not necessarily low - it really depends on what type of traffic you are getting, and how you have your ads setup. You can get over 1 million hits per day and 0 clicks if your ads aren't setup well.
Are you paying for adwords, or some kind of traffic? How long did it take you to get that kind of traffic?