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    Compare Bank of Canada Exchange Rates

    Exchange Rates aren't all the same! Its hard to predict the currency markets but you can always save money by comparing Bank of Canada margins and fees to those charged by your bank or FX provider.

    The Bank of Canada

    The Bank of Canada (BOC) is Canada's central bank. The role of central banks is to preserve the value of money by keeping inflation low and stable. They do this by controlling the interest rate at which banks can borrow.

    Interest rates, inflation, and exchange rates are all intrinsically linked. When the BOC manipulates interest rates this impacts both the inflation in Canada and also the relative value of the Canadian dollar compared to other currencies.

    BOC Recent Interest Rate Decisions:

    The Bank of Canada last raised the benchmark interest rate to 1.5% in June with more increases expected by the market.

    Read our guide to the Relationship between Interest Rates and Currencies.

    Exchange rates published by Central Banks such as the Bank of Canada are the latest interbank mid-market exchange rates, here are some of the most popular CAD exchange rates:

    Canadian dollar to US dollar

    CAD to USD at 0.7767 is near its 90-day average 0.7775 with range 0.7622-0.7979.
    CAD to USD
    Canadian dollar to Euro

    CAD to EUR at 0.7585 is 1.5% above its 90-day average 0.7474 with range 0.7267-0.7671.
    CAD to EUR
    Canadian dollar to Indian rupee

    CAD to INR at 61.74 is 1.0% above its 90-day average 61.1 with range 59.34-62.24.
    CAD to INR
    Canadian dollar to Pound Sterling

    CAD to GBP at 0.6422 is just 1.0% above its 90-day average 0.6361 with range 0.6203-0.6480.
    CAD to GBP
    Canadian dollar to Mexican peso

    CAD to MXN at 15.69 is near its 90-day average 15.69 with range 15.39-16.15.
    CAD to MXN
    Canadian dollar to Chinese yuan

    CAD to CNY at 5.2473 is just above its 90-day average 5.2252 with range 5.1455-5.3231.
    CAD to CNY
    Canadian dollar to Philippine peso

    CAD to PHP at 43.21 is 2.3% above its 90-day average 42.24 with range 40.15-43.87.
    CAD to PHP
    Canadian dollar to Australian dollar

    CAD to AUD at 1.1143 is near its 90-day average 1.1159 with range 1.0948-1.1419.
    CAD to AUD

    You Can Save Money when you Compare Bank of Canada Exchange Rate Margins & Fees

    The below comparison table makes it easy to calculate the Total Cost you are being charged on your currency transaction versus Bank of Canada market mid-rates. It is easy to calculate any savings available from popular market-leading FX providers.


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