CAD to AUD Forecast & Outlook
28 Apr 2026 • 00:26 GMT
📊 Forecast snapshot
- Near-term bias: 🔴 Mild downside
- Expected range: 0.9940 – 1.0210
- Dominant driver: 🌍 Global risk sentiment
- 3-month trend:
Currently, CAD/AUD is trading near 7-day lows at 1.0209, holding below its 3-month average of 1.0356. Risk sentiment remains the dominant driver, supported by global risk-off conditions and geopolitical tensions. Over the next few sessions, the pair may remain pressured as risk aversion persists, keeping the Canadian Dollar supported relative to the Australian Dollar.
💸 Transfer implications
- Expats: sending money to Australia may find current conditions less favourable than recent levels.
- Travellers: exchanging Australian Dollars may face continued difficulty in getting more AUD for CAD.
- Businesses: paying overseas invoices in Australian Dollars could see less favourable rates if the pair remains near recent lows.
🧭 Key drivers
- Rate gap: The Canadian Dollar's strength is supported by high oil prices, despite weaker inflation data.
- Risk/commodities: Global risk sentiment remains risk-off, pressuring risk-sensitive currencies like AUD.
- Global factors: Geopolitical tensions in the Strait of Hormuz and China's economic data are weighing on risk appetite.
⚠️ What could change it
- Upside risk: A recovery in global risk sentiment could weaken the Canadian Dollar and support the pair.
- Downside risk: Persistent geopolitical instability could prolong risk-off conditions and sustain AUD pressure.
BER suggests shopping around for the lowest margin provider may help reduce overall transfer costs, especially if conditions remain less favourable.