1. Exchange Rates
  2. Australian dollar (AUD)
  3. Canadian dollar (CAD)

Convert AUD to CAD at Best Exchange Rates

There are three amounts that you need to understand if you are to have any chance of getting the best possible AUD to CAD rate, these are :

  1. The AUD/CAD foreign exchange market mid-rate
  2. The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider
  3. Any fixed or percentage fees for your transfer or currency exchange.

1 Australian dollar equals
Canadian dollar 1=

Right now the AUD/CAD market rate is and represents how many Canadian dollar you can get for one Australian dollar. You can calculate with the current mid-rate using our AUD to CAD calculator below but note the rate will most likely be quite different by the time you make you currency exchange.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.

Why can't I just get the same AUD/CAD market rate I see on Google or in the Media?

When you look up the current Australian dollar to Canadian dollar exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

AUD to CAD mid-rate on google

AUD to CAD mid-rate on google search

Getting a great AUD to CAD mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use the below AUD to CAD calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific Australian dollar cross rates and reviews of leading foreign exchange providers versus the Banks.

AUD to CAD mid-rate calculator

1 AUD equals

Compare rates for: Currency Exchange or Foreign Transfers
Loading AUD/CAD Chart

Australian dollar - market update

It was an excellent end to 2017 for the Australian dollar. In the final three weeks of the year, the currency made the most of an impressive year-end rally in commodities and climbed by three cents against the US dollar, or roughly 4%, to end the year a whisker above 0.78. Things haven’t been so easy in early 2018, however.

In early 2018 (to February 15th), despite a marginal climb to 0.79 against a faltering US dollar, the Australian dollar has been broadly weak, having fallen towards multi-month or multi-year lows against the New Zealand dollar (1.0705), euro (0.635) and yen (84).

Entering 2018, most forecasts for AUD/USD for year-end lay between 0.7 and 0.75 (mostly bearish AUD). By far the most optimistic forecast came from Commonwealth Bank, which predicted the return of broad US dollar weakness and a subsequent rise in AUD/USD to 0.85.

Goldman Sachs have predicted that iron ore prices – crucial to Australia’s national income – will fall 30% in 2018. If the bank is correct, this will weigh on the Australian dollar.

Among those who will be happy with further declines in the Aussie’s value are Australian exporters and those at Australia’s central bank. In 2017, RBA statements regularly complained that AUD appreciation was contributing to “subdued price pressures in the economy” and was weighing on the “outlook for output and employment.”

Canadian dollar - market update

The Canadian dollar had an excellent end to 2017, having piggybacked off an impressive year-end rally in oil prices. The narrative has changed in early 2018 however, with the loonie currently (to February 16th) the second-worst performing G10 currency of the year. While the faltering US dollar continues to grab the majority of headlines, the Canadian dollar has been nearly as bad in recent weeks.

At the time of this report, CAD/USD stood at 0.797, in line with its average price over the past six months, but in the six-week period ending February 16th, CAD was hammered against the yen and euro. CAD/JPY fell nearly 8% within this period to seven-month lows near 84.6 and CAD/EUR fell roughly 5% to a two-year low of 0.641.

The Canadian dollar’s weakness in January was surprising given an interest rate hike by the Bank of Canada, largely positive economic data and oil’s rally late into the month; however, in February, the need for a Canadian dollar “mayday” was obvious.

Reasons for the Canadian dollar's distress in February have included an $8 fall in the price of oil; a dismal Canadian employment report, which showed Canada losing 88,000 jobs in January; and a sharp correction in equities markets, which drove traders away from the loonie and into the relative safety of the yen, US dollar and euro.

Forecasts: Entering 2018, most analysts expected little change in CAD/USD. A Reuters poll of forty analysts produced a median 2018 year-end estimate of 0.8. Against the euro, ABN Amro has predicted 0.679 at year-end, while RBC sees 0.72 as most likely.

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