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    Currency outlook CAD/AUD

    CAD to AUD Forecast & Outlook

    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

    07 Aug 2026 • 00:26 GMT

    CAD/AUD 1.0146

    Forecast snapshot

    Quick CAD/AUD forecast

    Near-term bias🔴 Mild downside
    Expected range1.0070 – 1.0250
    Dominant driver🌍 Global risk sentiment
    3-month trend⚪ Range-bound

    Currently, CAD/AUD is trading near its 3-month range high, influenced by risk-off sentiment that favours safe-haven currencies. The pair’s level is supported by elevated oil prices and global risk aversion, keeping it within a recent range. Over the next few sessions, the pair may face downward pressure if risk sentiment remains subdued, and the pair could test support levels if safe-haven flows persist.

    💸 Transfer implications

    • Expats: sending money to Australia may find current conditions less favourable than recent levels, as CAD weakens.
    • Travellers: buying Australian Dollars could see slightly less advantageous rates if the pair declines further.
    • Businesses: paying Australian Dollar invoices with CAD may face marginally higher costs if the pair continues to slide.

    🧭 Key drivers

    • Rate gap: The Bank of Canada remains neutral, while the RBA’s cautious stance supports the pair staying supportive of the Aussie.
    • Risk/commodities: Global risk-off conditions and high oil prices are pressuring the CAD, supporting a near-term decline.
    • Global factors: Deteriorating risk appetite and geopolitical tensions are maintaining safe-haven flows, pressuring risk-sensitive currencies like the AUD and CAD.

    ⚠️ What could change it

    • Upside risk: A recovery in global risk appetite could curb safe-haven flows and support the pair.
    • Downside risk: A sudden increase in risk aversion or a drop in oil prices could accelerate CAD weakening beyond current levels.

    BER suggests comparing FX providers to help offset less favourable exchange conditions and 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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    CAD/AUD exchange-rate comparison Compare rates and typical FX costs

     
     
       

    Rate direction

    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 =
    1.0155We compare provider deals to this wholesale mid-market rate. Read more
    AUD
    1D+0.3%▲
    CAD to AUD at 1.0146 is near its 3-month average, having traded in a stable 2.0% range from 1.0052 to 1.0249
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      1 AUD = 0.9847 CAD
     

    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
    24 Jul 2026
    1.0163
    		0.1% ▼2 Week
    09 May 2026
    1.0085
    		0.7% ▲3 Month
    07 Aug 2025
    1.1159
    		9% ▼1 Year
    08 Aug 2021
    1.0842
    		6.3% ▼5 Year
    09 Aug 2016
    0.9939
    		2.2% ▲10 Year
    12 Aug 2006
    1.1614
    		12.6% ▼20 Year
    CAD/AUD historic rates & change to 07-Aug-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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