Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates

    CAD to AUD Forecasts

    Analysis of recent loonie→aussie forecasts. We collate forecasts from respected FX analysts together with the latest CAD to AUD performance and trends.


    Forecasts for CAD to AUD

    CADAUD chart

    Recent forecasts and currency market updates suggest a mixed outlook for the CAD to AUD exchange rate. The Canadian dollar has been struggling against the US dollar due to market sentiment rather than underlying fundamentals. Housing price declines and negative wealth effects may continue to put pressure on the Canadian dollar in 2023. On the other hand, the Australian dollar has seen downward revisions in forecasts by major banks, mainly due to incorrect assumptions about Chinese demand for iron ore and a softer US dollar. Changes in commodity prices, trade policies, and political developments can significantly impact the AUD's value. Additionally, the AUD tends to fluctuate based on market risk appetite, making it sensitive to growth prospects for the global economy.

    In terms of recent price data, the CAD to AUD exchange rate is currently at 14-day lows near 1.1465, slightly above its three-month average of 1.1388. However, it has traded within a relatively stable range of 5.6% from 1.1048 to 1.1662. This indicates a lack of significant movement in the exchange rate over the past few months.

    In relation to oil price movements, which can impact the Canadian dollar, the Brent Crude OIL/USD price has been trading at 95.38, which is 11.7% above its three-month average of 85.37. The oil price has also exhibited high volatility, ranging from 72.26 to 96.61. This suggests that oil prices have shown strength in recent months, potentially providing some support to the Canadian dollar.

    Taking into account these factors, FX analysts predict that the CAD to AUD exchange rate may continue to face pressure due to the risk-on and risk-off environments in financial markets and the negative sentiment surrounding the Canadian dollar. However, the outlook for the Australian dollar could improve if markets become optimistic about potential rate cuts in the US and the global economy stabilizes. Additionally, any increase in construction and demand for iron ore, especially from China, could positively impact the AUD. The ongoing volatility in oil prices is an important factor to monitor for its potential influence on the Canadian dollar.

    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.

    @bestfxrates : 29 Sep - Amid market sentiment pressures, CAD to AUD exchange rate lingers near 14-day lows at 1.1465. Volatile oil prices could lend support to CAD. AUD prospects might brighten if the US enacts potential rate cuts and global economic stabilization occurs. #FXAnalysis #CADAUD

    Multi-Vendor Quote

    We can help you get an even better deal when sending a Large International Money Transfer.

    Click below for the Request Quotes form and enter your transfer details (BER account required).

    Request Quotes

    Save time and money - fewer websites to visit and you get a much better exchange rate & service.


    CAD to AUD Market Data

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

    1 CAD =
    1.1447We compare provider deals to this wholesale mid-market rate. Read more
    CAD to AUD is at 14-day lows near 1.1447, just 0.5% above its 3-month average of 1.1389, having traded in a quite stable 5.6% range from 1.1048 to 1.1662
    Sell CAD   →   Buy AUD
    My Rates

    Manage My Rates   

    15 Sep 2023
    0.4% 2 Week
    01 Jul 2023
    1.1% 3 Month
    29 Sep 2022
    1.9% 1 Year
    30 Sep 2018
    6.2% 5 Year
    01 Oct 2013
    11% 10 Year
    04 Oct 2003
    4.8% 20 Year
    CAD/AUD historic rates & change to 29-Sep-2023

    Will the Canadian dollar rise against the Australian dollar?

    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 BER Smart Rate Tracker to track and benefit from currency movements.

    Track Rate

    Manage My Rates   


    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    Read our Currency guide to Australia - a practical currency and money guide to travel, living and doing business in Australia with the Australian dollar.


    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