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    Currency outlook AUD/CAD

    AUD to CAD Forecast & Outlook

    Latest AUD to CAD forecasts including bank predictions, key market drivers and recent trends for AUD/CAD. See where analysts expect the pair to move and the factors likely to influence it.

    AUD to CAD Forecast & Outlook

    06 Aug 2026 • 00:26 GMT

    AUD/CAD 0.9888

    Forecast snapshot

    Quick AUD/CAD forecast

    Near-term bias🔴 Mild downside
    Expected range0.9770 – 0.9950
    Dominant driver🌍 Global risk sentiment
    3-month trend⚪ Range-bound

    Currently, AUD/CAD is trading near its 90-day average, holding near recent highs within a 2% range around 0.9888. The pair is supported by risk-off sentiment, with global caution maintaining safe-haven flows into currencies like the USD. Over the next few sessions, this defensive environment may keep the pair supported but could limit gains, especially if risk conditions soften further.

    💸 Transfer implications

    • Expats: sending money to Canada may find current exchange conditions less favourable than recent levels.
    • Travellers: buying Canadian dollars might face slightly higher costs for foreign cash or currency card loads.
    • Businesses: paying Canadian dollar invoices with Australian dollars could see increased costs if the pair weakens further.

    🧭 Key drivers

    • Rate gap: The RBA holds a neutral stance, while the BoC remains cautiously hawkish, leaving a narrow yield gap.
    • Risk/commodities: Ongoing risk-off conditions support safe-haven currencies, pressured by subdued commodity prices.
    • Global factors: Global risk sentiment remains cautious, influenced by geopolitical tensions and economic data.

    ⚠️ What could change it

    • Upside risk: A reversal of risk sentiment towards optimism could lift AUD/CAD above recent highs.
    • Downside risk: A sustained risk-off shift or further decline in commodities could weaken AUD/CAD further.

    Finding providers with lower margins may help offset less favourable exchange conditions and reduce overall transfer costs.

    AUDCAD Bank Forecasts to end of the year

    The forecasts for AUDCAD through the end of the year show a range of views. UBS suggests a tactical opportunity to go long on AUDCAD with a target of 1.01, driven by divergent monetary policies with the RBA's hawkish stance contrasting the BoC's neutral position. However, Scotiabank and TD Securities provide projections that imply a gradual strengthening of the Canadian dollar against the US dollar, which could indirectly affect AUDCAD.

    Big bank views

    • UBS recommends going long on AUDCAD, targeting 1.01, due to RBA's hawkish stance versus BoC's neutral position.
    • Scotiabank suggests USDCAD at 1.33 by year-end, which implies a stronger Canadian dollar.
    • TD Securities sees USDCAD drifting towards 1.34, indicating potential Canadian dollar strength.

    What could change the outlook

    • A shift in the RBA or BoC's monetary policy stance could significantly influence the AUDCAD trajectory.
    • Volatility in global commodity prices, particularly oil, could impact the Canadian dollar and alter forecasts.

    Compare before you exchange

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    AUD/CAD exchange-rate comparison Compare rates and typical FX costs

     
     
       

    Rate direction

    AUD to CAD market data

    Australian dollar (AUD) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.

    Sell AUD   →   Buy CAD
    1 AUD =
    0.9865We compare provider deals to this wholesale mid-market rate. Read more
    CAD
    1D−0.2%▼
    AUD to CAD at 0.9888 is just above its 3-month average, having traded in a stable 2.0% range from 0.9757 to 0.9948
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      1 CAD = 1.0136 AUD
     

    Will the Australian dollar rise against the Canadian dollar?

    This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Australian dollar vs Canadian dollar current value is to look the AUD/CAD historic rate and change over a range of periods.

    The following table looks at the change in the AUD to CAD exchange rate over periods from the previous week back to the last 10 years.

    DateAUD/CADChangePeriod
    23 Jul 2026
    0.9813
    		0.6% ▲2 Week
    08 May 2026
    0.9912
    		0.4% ▼3 Month
    06 Aug 2025
    0.8931
    		10.6% ▲1 Year
    07 Aug 2021
    0.9233
    		7% ▲5 Year
    08 Aug 2016
    1.0079
    		2% ▼10 Year
    11 Aug 2006
    0.8611
    		14.7% ▲20 Year
    AUD/CAD historic rates & change to 06-Aug-2026

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add AUD/CAD to your personalised Rate Tracker to track and benefit from currency movements.

     
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