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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

20 Jul 2026 • 00:26 GMT

CAD/AUD 1.0223

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 1.0010 – 1.0220
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: 🔴 Downtrend

Currently, CAD/AUD is trading close to the 90-day average, within its recent range, with the pair supported by risk-off conditions. The dominant driver from structured analysis indicates risk sentiment is pressuring the Australian dollar. Over the next few sessions, the pair may remain supported but could face downward pressure if risk aversion persists and commodity prices remain weak.

💸 Transfer implications

  • Expats: sending money to Australia may find conditions less favourable than recent levels if the pair drops further.
  • Travellers: buying Australian dollar cash may face slightly higher costs if the pair continues to slide.
  • Businesses: paying Australian dollar invoices with Canadian dollars could see less favourable exchange rates if the trend persists.

🧭 Key drivers

  • Rate gap: The RBA remains cautious, offering limited yield advantage, while the Bank of Canada maintains a more neutral stance.
  • Risk/commodities: Global risk-off sentiment and softer commodity prices, especially energy, support a weaker AUD.
  • Global factors: Elevated geopolitical tensions sustain risk aversion, influencing cross rates.

⚠️ What could change it

  • Upside risk: A positive shift in global risk appetite could support a correction higher.
  • Downside risk: Further risk-off flows or commodity price declines may deepen the pair’s weakness.

Shopping around for the lowest margin provider may help 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.
 

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 =
1.0209We compare provider deals to this wholesale mid-market rate. Read more
AUD
1d+0.1%▲
CAD to AUD at 1.0223 is just 0.6% above its 3-month average of 1.0162, having traded in a very stable 2.2% range from 1.0052 to 1.0269
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  1 AUD = 0.9796 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
06 Jul 2026
1.0120
0.9% ▲2 Week
21 Apr 2026
1.0231
0.2% ▼3 Month
20 Jul 2025
1.1189
8.8% ▼1 Year
21 Jul 2021
1.0820
5.6% ▼5 Year
22 Jul 2016
1.0215
0.1% ▼10 Year
25 Jul 2006
1.1627
12.2% ▼20 Year
CAD/AUD historic rates & change to 20-Jul-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.

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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