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CAD to AUD Forecasts – Canadian dollar to Australian dollar

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

 

CAD to AUD Forecast & Outlook

06 Jun 2026 • 00:26 GMT

CAD/AUD 1.0178

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 1.0180 – 1.0530
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: ⚪ Range-bound

Currently, CAD/AUD is trading close to 14-day highs near 1.0178, holding near recent range highs. Risk-off conditions are supporting safe-haven currencies, while the pair remains within a stable 3-month range. Over the next few sessions, the pair may face pressure if risk sentiment worsens, although current levels could persist if global risk remains subdued.

💸 Transfer implications

  • Expats: sending money to Australia may find current exchange conditions slightly less favourable than recent levels.
  • Travellers: exchanging currency or loading cards may experience limited benefits in moving funds now.
  • Businesses: paying overseas invoices in AUD could see slightly higher costs compared to recent periods.

🧭 Key drivers

  • Rate gap: The yield gap between Canadian and Australian government bonds remains narrow, providing limited directional support.
  • Risk/commodities: Rising geopolitical tensions increase risk aversion, supporting safe-haven currencies at the expense of risk-sensitive FX.
  • Global factors: Oil price volatility influences CAD, adding to market uncertainty and risk aversion.

⚠️ What could change it

  • Upside risk: Improvement in global risk sentiment and easing geopolitical tensions could support CAD.
  • Downside risk: Further escalation in geopolitical risks or sustained oil price volatility may keep the pair pressured.

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

 

AUDCAD Bank Forecasts to end of the year

The long-term outlook for AUDCAD is mixed as it approaches the end of 2026. The National Australia Bank (NAB) sees the pair rising to 0.94 by mid-2026, which suggests room for appreciation through the end of the year, supported by ongoing rate hikes from the Reserve Bank of Australia. However, Scotiabank's lack of a specific AUDCAD outlook implies that the Canadian dollar's weakness, driven by Canada's economic challenges, could complicate the forecast landscape.

Big bank views

  • NAB projects AUDCAD at 0.94 by mid-2026, suggesting an end-of-year increase.
  • Scotiabank does not provide a direct AUDCAD forecast but highlights CAD's downward pressure.
  • Overall forecasts for AUDCAD are mixed, reflecting diverging economic factors in Australia and Canada.

What could change the outlook

  • Any additional rate hikes by the Reserve Bank of Australia could further bolster the AUD.
  • Economic recovery signs in Canada could strengthen the CAD and alter current forecasts.
 

CAD-AUD Rate Calculator

 
 
   
   
   
   
   
 
 

CAD to AUD Market Data

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

 
Sell CAD   →   Buy AUD
1 CAD =
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AUD
1d+1.0%▲
CAD to AUD is at 14-day highs near 1.0178, just 0.7% below its 3-month average of 1.0246, having traded in a quite stable 4.7% range from 1.0052 to 1.0527
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  1 AUD = 0.9792 CAD

Compare & Save - Canadian dollar to Australian dollar

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to Australian dollar (AUD) rates from different sources before making a conversion.

Use our CAD to AUD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Loonie to Aussie currency rates and the possible savings of using various providers.

 
 

Will the Canadian dollar rise against the Australian dollar?

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

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

DateCAD/AUDChangePeriod
22 May 2026
1.0131
0.4% ▼2 Week
07 Mar 2026
1.0465
3.6% ▼3 Month
05 Jun 2025
1.1238
10.2% ▼1 Year
06 Jun 2021
1.0697
5.7% ▼5 Year
07 Jun 2016
1.0494
3.8% ▼10 Year
10 Jun 2006
1.2044
16.2% ▼20 Year
CAD/AUD historic rates & change to 05-Jun-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 CAD/AUD to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more