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

Convert CAD to AUD 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 CAD to AUD rate, these are :

  1. The CAD/AUD 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 Canadian dollar equals
Australian dollar 1=

Right now the CAD/AUD market rate is and represents how many Australian dollar you can get for one Canadian dollar. You can calculate with the current mid-rate using our CAD to AUD 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 CAD/AUD market rate I see on Google or in the Media?

When you look up the current Canadian dollar to Australian 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.

CAD to AUD mid-rate on google

CAD to AUD mid-rate on google search

Getting a great CAD to AUD 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 CAD to AUD calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific Canadian dollar cross rates and reviews of leading foreign exchange providers versus the Banks.

CAD to AUD mid-rate calculator

1 CAD equals

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

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 March 2nd) the worst performing G10 currency of the year.

At the time of this report, CAD was buying US$0.776 – in line with its average rate over the past twelve months – but had tumbled to 9-month and 2-year lows versus the yen (¥81.9) and euro (€0.6305) respectively.

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

Reasons for the Canadian dollar's recent distress have included a $6 fall in the price of oil, a loss of 88,000 Canadian jobs in January (announced in February) and, perhaps most importantly, new US tariffs on steel and aluminium imports. Not only is Canada the largest supplier of steel and aluminum to the US, but the war of words that followed Washington’s announcement – Canada’s foreign minister said that “responsive measures” would be taken – will no doubt complicate and threaten ongoing NAFTA negotiations.

Forecasts: A New Year Reuters poll of forty analysts produced a median 2018 year-end estimate of 0.8 for CAD/USD. For CAD/EUR, ABN Amro are forecasting 0.679 at year-end, while RBC sees 0.72 as most likely.

Australian dollar - market update

The Australian dollar found its feet in the second week of March, ending a difficult period spanning back to late January. AUD strengthened to buy 0.785 US dollars, 0.638 euros and 83.8 yen.

AUD entered 2018 with verve and climbed to a 2 ½ year high against USD of 0.814 on January 26th, but things took a turn for the worse from then on as investors began to revise upwards their expectations for US interest rates and as Washington imposed US tariffs on imported steel and aluminium – tariffs that some said threatened to spark a global trade war. Given Australia’s open economy and reliance on commodity prices, threats to global trade are bearish for AUD. Post-tariffs, AUD/USD sank into the low 0.77s.

At the time of writing (March-12), useful technical resistance was waiting at 1.6 in EUR/AUD (equivalent to 0.625 in AUD/EUR) and 82.0 remained very solid support in AUD/JPY.

Forecasts: AUD volatility is set to dry up. A Reuters poll of analysts conducted in March produced a median estimate of 0.78 for AUD/USD for one-month and three-month horizons, and for year-end. This estimate marks little change from exchange rates in mid-March and is virtually identical to 2017’s year-end rate. The forecasts do at least represent an upward revision on those from recent months, most of which suggested a fall in AUD/USD this year to levels between 0.7 and 0.75.

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