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    How BestExchangeRates Saves Canadians Money on FX

    For over a decade BestExchangeRates.com has been a trusted voice in foreign exchange in Canada and globally.

    BestExchangeRates compares exchange rates from popular banks and currency specialists to help you avoid hidden and excessive margins and fees when you send and spend abroad.

    We help our users save money by making these fees and exchange rates transparent and easier to compare. With our foreign transfer and currency exchange tools, you can quickly find the cheapest and most convenient way to convert your money.

     


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    Canadian dollar Market Update

    BestExchangeRates.com keeps you up-to-date on Canadian dollar forecasts by collating the views of reliable FX forecasters and economists together with recent 90-day CAD price data. This analysis covers a wide range of factors including economic indicators, geopolitical events, central bank policies, and technical analysis to provide a thorough and current outlook on currency trends.

     

    The Canadian dollar (CAD) has faced challenges against the US dollar (USD) in recent months due to the volatility in global financial markets. Despite strong correlations between the US and Canadian economies, the risk-on and risk-off sentiment has been the primary driver of CAD's performance. Experts suggest that the ongoing decline in housing prices and the resulting adverse wealth effects could further weigh on the Canadian dollar in 2023.

    In terms of key currency pairs, the CAD to USD exchange rate currently sits just below its 3-month average at 0.7423. This pair has traded within a relatively stable range of 4.4% from 0.7307 to 0.7626. The CAD to EUR exchange rate, on the other hand, is 2.4% above its 3-month average at 0.7015. It has exhibited stability within a 4.9% range from 0.6721 to 0.7053. Similarly, the CAD to GBP exchange rate is 3.1% higher than its 3-month average at 0.6075. It has traded within a stable range of 5.8% from 0.5772 to 0.6105.

     
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    Popular CAD Money Transfers on BER

     

    Canadian dollar Currency News & Guides

     

    Popular Cross Rates

     
    AUDCADGBPSGDUSDJPYINR
    AUD-0.8736
    AUD to CAD
    14-DAYHIGH
    1-DAY+0.8%
    AUDCAD Latest
    0.5270
    AUD to GBP
    90-DAYHIGH
    1-DAY+0.8%1d
    AUDGBP Latest
    0.8781
    AUD to SGD
    30-DAYHIGH1d
    1-DAY+0.8%
    AUDSGD Latest
    0.6428
    AUD to USD
    14-DAYHIGH1d
    1-DAY+1.2%
    AUDUSD Latest
    96.02
    AUD to JPY
    60-DAYHIGH
    1-DAY+1.1%
    AUDJPY Latest
    53.47
    AUD to INR
    30-DAYHIGH1d
    1-DAY+1.1%
    AUDINR Latest
    CAD1.1447
    CAD to AUD
    14-DAYLOW
    1-DAY-0.8%
    CADAUD Latest
    -0.6033
    CAD to GBP
    90-DAYHIGH2d
    1-DAY-1.1%
    CADGBP Latest
    1.0052
    CAD to SGD
    14-DAYLOW
    1-DAY-1.0%
    CADSGD Latest
    0.7358
    CAD to USD
    14-DAYLOW
    1-DAY-0.8%
    CADUSD Latest
    109.91
    CAD to JPY
    90-DAYHIGH1d
    CADJPY Latest
    61.20
    CAD to INR
    14-DAYLOW
    CADINR Latest
    GBP1.8975
    GBP to AUD
    90-DAYLOW
    1-DAY-0.8%1d
    GBPAUD Latest
    1.6576
    GBP to CAD
    90-DAYLOW2d
    1-DAY+1.2%
    GBPCAD Latest
    -1.6662
    GBP to SGD
    90-DAYLOW2d
    GBPSGD Latest
    1.2197
    GBP to USD
    90-DAYLOW2d
    1-DAY+1.0%1d
    GBPUSD Latest
    182.19
    GBP to JPY
    30-DAYLOW2d
    GBPJPY Latest
    101.45
    GBP to INR
    90-DAYLOW2d
    1-DAY+0.8%1d
    GBPINR Latest
    SGD1.1388
    SGD to AUD
    30-DAYLOW1d
    1-DAY-0.8%
    SGDAUD Latest
    0.9948
    SGD to CAD
    14-DAYHIGH
    1-DAY+1.0%
    SGDCAD Latest
    0.6002
    SGD to GBP
    90-DAYHIGH2d
    SGDGBP Latest
    -0.7320
    SGD to USD
    90-DAYLOW2d
    1-DAY+0.8%1d
    SGDUSD Latest
    109.34
    SGD to JPY
    90-DAYHIGH
    SGDJPY Latest
    60.89
    SGD to INR
    14-DAYHIGH1d
    SGDINR Latest
    USD1.5557
    USD to AUD
    14-DAYLOW1d
    1-DAY-1.2%
    USDAUD Latest
    1.3591
    USD to CAD
    14-DAYHIGH
    USDCAD Latest
    0.8199
    USD to GBP
    90-DAYHIGH2d
    1-DAY-1.0%1d
    USDGBP Latest
    1.3661
    USD to SGD
    90-DAYHIGH2d
    1-DAY-0.8%1d
    USDSGD Latest
    -149.38
    USD to JPY
    90-DAYHIGH2d
    USDJPY Latest
    83.18
    USD to INR
    14-DAYLOW1d
    USDINR Latest
     

    Recent trends: HIGHLOWUPDOWN

     
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