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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

23 Jun 2026 • 00:25 GMT

CAD/AUD 1.0098

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 0.9880 – 1.0100
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: 🔴 Downtrend

Currently, CAD/AUD is trading close to its 90-day average and near recent lows. The pair is pressured by risk-off flows and geopolitical tensions, particularly US-Iran tensions and subdued Australian risk sentiment. Over the next few sessions, the pair may remain supported by cautious market conditions, which could keep the Canadian dollar relatively resilient against the weaker Australian dollar.

💸 Transfer implications

  • Expats: sending money to Australia may find conditions less favourable than recent levels due to short-term weakness.
  • Travellers: exchanging Canadian dollars for Australian cash might see less favourable rates than in recent weeks.
  • Businesses: paying overseas invoices in AUD may encounter slightly higher costs compared to recent ranges.

🧭 Key drivers

  • Rate gap: The policy and yield gap favor the Canadian dollar, with the Bank of Canada holding rates steady.
  • Risk/commodities: Risk-off sentiment and commodity concerns are supporting safe-haven currencies while pressuring risk-sensitive FX.
  • Global factors: US-Iran tensions and uncertain Australian PMI data increase risk aversion globally.

⚠️ What could change it

  • Upside risk: Further risk-off escalation could deepen the Canadian dollar’s support.
  • Downside risk: Any resolution of geopolitical tensions or notable Australian economic improvement could weaken the current bias.

BER suggests shopping around for the lowest margin provider may help reduce overall transfer costs. Comparing FX providers can offset less favourable exchange conditions. Finding providers with lower margins can 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 =
1.0156We compare provider deals to this wholesale mid-market rate. Read more
AUD
1d+0.3%▲
CAD to AUD at 1.0098 is 1.0% below its 3-month average of 1.0201, having traded in a quite stable 4.3% range from 1.0052 to 1.0489
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  1 AUD = 0.9847 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
09 Jun 2026
1.0203
0.8% ▼2 Week
25 Mar 2026
1.0426
2.9% ▼3 Month
23 Jun 2025
1.1245
10% ▼1 Year
24 Jun 2021
1.0704
5.4% ▼5 Year
25 Jun 2016
1.0294
1.7% ▼10 Year
28 Jun 2006
1.2209
17.1% ▼20 Year
CAD/AUD historic rates & change to 23-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