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