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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

    28 Jul 2026 • 00:25 GMT

    AUD/CAD 0.9869

    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 close to its 90-day average, though it is slightly above recent range highs. The pair is supported by risk-off sentiment which favors safe-haven currencies over risk-sensitive ones like the Australian dollar. Over the next few sessions, the pair may continue to face downward pressure as global risk aversion persists, especially with US dollar strength helping to sustain USD-related safe-haven flows. Near-term conditions suggest the pair could remain pressured if risk-off mood continues.

    💸 Transfer implications

    • Expats: sending money to Canada with AUD may find conditions less favourable than recent levels.
    • Travellers: exchanging currency could see the Australian dollar buy fewer Canadian dollars.
    • Businesses: paying invoices in CAD might face increased costs compared to previous periods.

    🧭 Key drivers

    • Rate gap: The interest-rate differential remains supportive of the USD and Canadian dollar, with the RBA's stance less hawkish than the BoC.
    • Risk/commodities: Risk-off sentiment persists, boosting safe-haven currencies while pressuring risk-sensitive ones like AUD.
    • Global factors: US dollar strength, driven by geopolitical risks and easing US inflation, underpins safe-haven flows.

    ⚠️ What could change it

    • Upside risk: A shift towards risk appetite could reduce safe-haven flows and support the AUD.
    • Downside risk: A sudden escalation of geopolitical tensions or a sharp decline in commodity prices may further pressure the pair.

    BER suggests comparing FX providers to help offset less favourable exchange conditions and potentially 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.

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    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 =
    0.9839We compare provider deals to this wholesale mid-market rate. Read more
    CAD
    1d+0.1%▲
    AUD to CAD at 0.9869 is just above its 3-month average, having traded in a very stable 2.2% range from 0.9738 to 0.9948
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      1 CAD = 1.0164 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
    14 Jul 2026
    0.9803
    		0.7% ▲2 Week
    29 Apr 2026
    0.9745
    		1.3% ▲3 Month
    28 Jul 2025
    0.8958
    		10.1% ▲1 Year
    29 Jul 2021
    0.9208
    		7.2% ▲5 Year
    30 Jul 2016
    0.9922
    		0.6% ▼10 Year
    02 Aug 2006
    0.8616
    		14.5% ▲20 Year
    AUD/CAD historic rates & change to 28-Jul-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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