If you are planning a trip to the Canada you can save significant amounts by using a multi-currency card or order foreign cash online for better currency exchange rates.
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Buy Canadian Dollars
Best Exchange Rates makes it easy to compare retail FX rates from trusted, regulated currency exchange specialists to use when you Travel and Spend abroad.
Canadian Dollar Trends & Forecasts
CAD to USD at 0.8082 has risen 1.6% above its 90-day average, range 0.7793-0.8118. CAD/USD Rates
Into October, broader risk sentiment is driving direction for commodity currencies like the loonie. If the global equity volatility eases, we could see domestic data take the front seat in driving the currency direction.
OFX predict the USDCAD pair could trade between 1.24 – 1.29 CAD in October.
USD-CAD Outlook
CAD to EUR at 0.6965 has risen 2.6% above its 90-day average, range 0.6650-0.6972. CAD/EUR Rates
CAD/EUR has risen to 0.69 as the energy crisis hurts the euro and helps the gas and oil exporting Canadian dollar. CAD-EUR Outlook
CAD to GBP at 0.5884 has risen 1.7% above its 90-day average, range 0.5695-0.5911. CAD/GBP Rates
The energy crisis combined with a ‘risk off’ market sentiment has pushed the Pound down against the Australian, New Zealand and Canadian Dollars. These currencies that normally are vulnerable to ‘risk off’ events, showing the impact of the gas crisis in the UK. CAD-GBP Outlook
CAD to INR at 60.68 has risen 2.8% above its 90-day average, range 57.43-60.78. CAD/INR Rates
In September the ‘risk off’ market mood had pushed the Canadian dollar down against the Rupee. Also helping the rupee was speculation the Indian central bank was relaxing its control over INR.
However in October CAD/INR has risen from 57 to above 60, the loonie has been helped along by the end of any election uncertainty and the strong demand for gas from the energy crisis in Europe.
CAD-INR Outlook
Travel, Currency and Money saving tips for Canada
Accessing ATMs and banks is not a problem in Canada with any major credit card.
Getting around by train is a popular way of travel in Canada as it is a big place. Booking a sleeper car can be comfortable for long distance overnight stretches. VIA Rail Canrailpass gives you 12 days of unlimited rail travel in Canada during a 30-day period, check VIA Rail's website for current prices. Bus travel in Canada is an economic and comfortable way to travel, Canada's system of intercity bus routes spans the entire country. Some cities also offer flexible transit passes so you can have unlimited all-day, multi-day, or monthly travel.