Canada - Canadian Dollar - Currency Guide

This is a currency guide to Canada, the Canadian Dollar currency plus sending (CAD) transfers and travel tips for Canada.

 
 
CountryCanada
FlagCanada
Country CodeCA
Domestic Currency Canadian Dollar
Currency SymbolC$
Currency CodeCAD
Exchange RateGBP/CAD = 1.7426
Telephone Prefix+1

Quick Conversions from Pound Sterling to Canadian Dollar

GBP

CAD

£ 1
C$ 1.7426
£ 5
C$ 8.7130
£ 10
C$ 17.43
£ 20
C$ 34.85
£ 50
C$ 87.13
£ 100
C$ 174.26
£ 250
C$ 435.65
£ 500
C$ 871.30
£ 1,000
C$ 1,743
£ 2,000
C$ 3,485
£ 5,000
C$ 8,713
£ 10,000
C$ 17,426
£ 50,000
C$ 87,130
£ 100,000
C$ 174,260
More amounts

GBP

CAD

£ 0.5739
C$ 1
£ 2.8695
C$ 5
£ 5.7390
C$ 10
£ 11.48
C$ 20
£ 28.70
C$ 50
£ 57.39
C$ 100
£ 143.48
C$ 250
£ 286.95
C$ 500
£ 573.90
C$ 1,000
£ 1,148
C$ 2,000
£ 2,870
C$ 5,000
£ 5,739
C$ 10,000
£ 28,695
C$ 50,000
£ 57,390
C$ 100,000
More amounts

To calculate specific GBP/CAD amounts use our Convert GBP to CAD quick calculator. To read more about the latest exchange rate trends and to compare FX provider rates view GBP to CAD Rate Guide.

Canada Currency Info

Representing a little more than 5% of the foreign exchange market daily turnover, the Canadian dollar (ISO: CAD) is the world’s sixth most traded currency.

Frequently called the ‘loonie’ by foreign exchange traders due to the image of a loon (an aquatic bird) on Canada’s one-dollar coin, the currency’s value is heavily influenced by commodities prices, particularly oil. For this reason, the Canadian dollar is often labelled a ‘petro-currency’. Canada currently has the world’s third largest oil reserves and is the world’s fourth largest oil exporter.

Canadians are mostly concerned with the value of their currency against the US dollar, since nearly 80% of Canadian exports go south of the border. In the past two decades, the Canadian dollar lowest value against its US counterpart occurred in January 2002 when the CAD/USD exchange rate traded at just 0.6178. The currency’s two-decade high occurred in November 2007 (following a boom in the oil price) when CAD/USD reached 1.1041.


Frequently Asked Questions


What currency should I use in Canada?

The domestic currency in Canada is the Canadian Dollar.

What is the Canadian Dollar currency code and symbol?

The three letter currency code for the Canadian Dollar is CAD — symbol is C$.

How much is £100 Pounds Sterling in Canadian Dollars?

£ 100 converts to C$ 174.26

Which countries use the Canadian Dollar?

It is the domestic currency in Canada.

Is the Canadian Dollar a closed currency?

No, the Canadian Dollar is freely available and convertible. See guide: What is a closed currency?


Canadian Dollar (CAD) in the markets

Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.

The threat of proxy war between the US and Iran in Iraq also pared back some of the gains the Loonie had made coming into the New Year.

The Canadian dollar was range bound during the second half of 2019 oscillating between US75c and US76.5c. Mid-year the loonie stormed ahead in June and July, rising to what turned out to be the 2019 high against the US dollar of US76.7cents and to 8-month highs against the euro, pound, Australian and New Zealand dollars. Against the Aussie, a minimal additional increase would take CAD to a 9-year high.

Supporting the loonie was a 10 percent rise in the oil price (oil is among Canada’s most exported products but is volatile and can’t be relied upon), a large and welcome jump in inflation, and dovishness at major central banks of the world, including the Federal Reserve, ECB and RBA.

The USMCA was signed by the United States, Mexico and Canadian on November 30 at the G20 Summit in Buenos Aires. Any delay to Canadian ratification of the USMCA trade deal would have likely depressed sentiment on Canada’s currency.

For more details read the full article Canadian Dollar Forecasts.

The interactive chart below shows the GBP to CAD exchange rate and trend for the previous 3 months:

GBP/CAD at 1.7425 was trading 1.3% above AVG:1.7202 with LO:1.663 and HI:1.7938 (90 days). There are no current rate alerts.
09-APR 8PM-NY 10-APR 1AM-LON 8AM-HK 10AM-SYD
Booking.com

Travel, Currency and Money saving tips for Canada

Accessing ATMs and banks is not a problem in Canada with any major credit card.

Getting around by train is a popular way of travel in Canada as it is a big place. Booking a sleeper car can be comfortable for long distance overnight stretches. VIA Rail Canrailpass gives you 12 days of unlimited rail travel in Canada during a 30-day period, check VIA Rail's website for current prices. Bus travel in Canada is an economic and comfortable way to travel, Canada's system of intercity bus routes spans the entire country. Some cities also offer flexible transit passes so you can have unlimited all-day, multi-day, or monthly travel.

 

Travel money for Canada

Save money and time by Ordering your Canadian Dollars online from Travelex, you get better rates and can pick up the CAD cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Canadian Dollars otherwise you may get much worst exchange rates.

 
Travel Money Provider Amount CAD(C$) Exchange RateFee GBPDeal Links
Travelex Online UK logo
C$1,672.4
4.04%
Best Overall
1.6724£0^
Post Office Money Foreign Currency
Post Office Money logo
C$1,670.1
4.18%
C$2.3 less
1.67010
Citibank Foreign Currency
Citibank logo
C$1,640.13
5.9%
C$32 less
1.6567£10
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
C$1,626
6.73%
C$46 less
1.6441£10
Lloyds TSB logo
C$1,623.5
6.85%
C$49 less
1.6399£10
Santander Foreign Currency
Santander logo
C$1,623.5
6.85%
C$49 less
1.6399£10
Natwest Bank logo
C$1,615.3
7.32%
C$57 less
1.6399£15
 
Travelex Online UK: Travel Money GBP→CAD
From Amount (GBP)£1,000
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:1.6724 (4.04% from mid-rate)
To Amount (CAD) C$1,672.4
Total Cost:4.04%
Time:
Rate Fetched: Thu Apr 09 2020 18:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Post Office Money: Travel Money GBP→CAD
From Amount (GBP)£1,000
Fee:0
Exchange Rate:1.6701 (4.18% from mid-rate)
To Amount (CAD) C$1,670.1
Total Cost:4.18%
Time:18:01 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Travel Money GBP→CAD
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.6567 (4.95% from mid-rate)
To Amount (CAD) C$1,640.13
Total Cost:5.9%
Time:18:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money GBP→CAD
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.6399 (5.91% from mid-rate)
To Amount (CAD) C$1,626
Total Cost:6.73%
Currency Services:Branch
Delivery/Collect:-
 
Lloyds TSB logo
Lloyds TSB: Travel Money GBP→CAD
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.6399 (5.91% from mid-rate)
To Amount (CAD) C$1,623.5
Total Cost:6.85%
Time:18:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Santander logo
Santander: Travel Money GBP→CAD
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.6399 (5.91% from mid-rate)
To Amount (CAD) C$1,623.5
Total Cost:6.85%
Time:18:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 
Natwest Bank logo
Natwest Bank: Travel Money GBP→CAD
From Amount (GBP)£1,000
Fee:£15 GBP (Minimum fee)
Exchange Rate:1.6399 (5.91% from mid-rate)
To Amount (CAD) C$1,615.3
Total Cost:7.32%
Time:18:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 04/09/2020 - View latest rates

Canada Trip Checklist    

 
  1. Compare CAD travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Canada
  3. Book Flights
  4. Travel insurance - for those unexpected travel adventures!
  5. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to Canada

When searching around for information on how to get a good exchange rate when sending money to Canada you need to start with finding out the latest Canadian Dollar foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).


Get a better deal for foreign transfers to Canada

When sending money to Canada it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Canadian Dollar amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted CAD amount will be transfered to the recipient account you specify in Canada.

Use our Send to Canadian Dollars calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Canadian Dollars deposited into the recipient bank account and less margins and fees kept by the banks!

Foreign Transfer Provider Receive CAD(C$) Exchange RateFee GBPDeal Links
TorFX logo
C$8,586
1.47%
Best Overall
1.71720
OFX logo
C$8,645
0.8%
C$59 more
1.729£0^
WorldFirst logo
C$8,671
0.5%
C$85 more
1.73420
HSBC logo
C$8,388.9
3.74%
C$197 less
1.6803£7.5
Natwest Bank logo
C$8,341.9
4.28%
C$244 less
1.673415
Citibank International Money Transfers
Citibank logo
C$8,304.02
4.71%
C$282 less
1.664812
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
C$8,303
4.73%
C$283 less
1.665515
Santander International Money Transfers
Santander logo
C$8,256.34
5.26%
C$330 less
1.657920
Lloyds TSB logo
C$8,222.48
5.65%
C$364 less
1.651120
 
TorFX: Foreign Transfer GBP→CAD
From Amount (GBP)£5,000
Fee:
Exchange Rate:1.7172 (1.47% from mid-rate)
To Amount (CAD) C$8,586
Total Cost:1.47%
Time:18:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
OFX: Foreign Transfer GBP→CAD
From Amount (GBP)£5,000
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.7290 (0.8% from mid-rate)
To Amount (CAD) C$8,645
Total Cost:0.8%
Difference:
C$59 CAD more than using TorFX
Time:
Rate Fetched: 18:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
WorldFirst: Foreign Transfer GBP→CAD
From Amount (GBP)£5,000
Fee:
Exchange Rate:1.7342 (0.5% from mid-rate)
To Amount (CAD) C$8,671
Total Cost:0.5%
Difference:
C$85 CAD more than using TorFX
Time:18:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer GBP→CAD
From Amount (GBP)£5,000
Fee:£7.5 GBP (.15%)
Exchange Rate:1.6803 (3.59% from mid-rate)
To Amount (CAD) C$8,388.9
Total Cost:3.74%
Difference:
C$197 CAD less than using TorFX
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Natwest Bank logo
Natwest Bank: Foreign Transfer GBP→CAD
From Amount (GBP)£5,000
Fee:15
Exchange Rate:1.6734 (3.99% from mid-rate)
To Amount (CAD) C$8,341.9
Total Cost:4.28%
Difference:
C$244 CAD less than using TorFX
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer GBP→CAD
From Amount (GBP)£5,000
Fee:12
Exchange Rate:1.6648 (4.48% from mid-rate)
To Amount (CAD) C$8,304.02
Total Cost:4.71%
Difference:
C$282 CAD less than using TorFX
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer GBP→CAD
From Amount (GBP)£5,000
Fee:15
Exchange Rate:1.6528 (5.17% from mid-rate)
To Amount (CAD) C$8,303
Total Cost:4.73%
Difference:
C$283 CAD less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Santander logo
Santander: Foreign Transfer GBP→CAD
From Amount (GBP)£5,000
Fee:20
Exchange Rate:1.6579 (4.88% from mid-rate)
To Amount (CAD) C$8,256.34
Total Cost:5.26%
Difference:
C$330 CAD less than using TorFX
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Lloyds TSB logo
Lloyds TSB: Foreign Transfer GBP→CAD
From Amount (GBP)£5,000
Fee:20
Exchange Rate:1.6511 (5.27% from mid-rate)
To Amount (CAD) C$8,222.48
Total Cost:5.65%
Difference:
C$364 CAD less than using TorFX
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 04/09/2020 - View latest rates

Canadian Dollar to US Dollar - Historical Rates

PeriodChange*CAD/USDDate
1 Day+0.2%0.714108 Apr 2020
7 Day+1.1%0.707702 Apr 2020
30 Day-1.7%0.728210 Mar 2020
3 Month-6.6%0.766210 Jan 2020
1 Year-4.7%0.750810 Apr 2019
5 Year-10%0.795311 Apr 2015
10 Year-28.1%0.995512 Apr 2010

*For period to 09-Apr 21UTC when CAD/USD was 0.7156

Canadian Dollar to Euro - Historical Rates

PeriodChange*CAD/EURDate
1 Day-0.5%0.657608 Apr 2020
7 Day+0.3%0.652502 Apr 2020
30 Day+1.7%0.643610 Mar 2020
3 Month-5%0.689010 Jan 2020
1 Year-1.7%0.665810 Apr 2019
5 Year-12.8%0.750411 Apr 2015
10 Year-10.7%0.732812 Apr 2010

*For period to 09-Apr 21UTC when CAD/EUR was 0.6546

Canadian Dollar to Pound Sterling - 10 Year History

PeriodChange*CAD/GBPDate
1 Day-0.4%0.576308 Apr 2020
7 Day+0.5%0.571102 Apr 2020
30 Day+1.7%0.564210 Mar 2020
3 Month-2.1%0.586510 Jan 2020
1 Year+0.1%0.573210 Apr 2019
5 Year+5.6%0.543611 Apr 2015
10 Year-11.4%0.647512 Apr 2010

*For period to 09-Apr 21UTC when CAD/GBP was 0.5740

Canadian Dollar to Australian Dollar - Historical Rates

PeriodChange*CAD/AUDDate
1 Day-1.5%1.145608 Apr 2020
7 Day-3.3%1.166802 Apr 2020
30 Day+0.7%1.121310 Mar 2020
3 Month+1.7%1.110310 Jan 2020
1 Year+7.7%1.047710 Apr 2019
5 Year+9%1.035211 Apr 2015
10 Year+5.3%1.072112 Apr 2010

*For period to 09-Apr 21UTC when CAD/AUD was 1.1287


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