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    Compare Bank of Canada CAD Exchange Rates

    Exchange Rates aren't all the same! It's hard to predict the currency markets, but you can always save money by comparing Bank of Canada exchange rates and fees to those charged by market leading FX providers.

    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:

    In October the Bank of Canada again raised its target interest rate by 50 basis points in an attempt to tame inflation. This is its sixth interest rate hike this year.

    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 0.7433 is near its 90-day average 0.7423 with range 0.7203-0.7701.
    CAD to USD

    US dollar to Canadian dollar

    USD to CAD at 1.3453 is near its 90-day average 1.3476 with range 1.2986-1.3883.
    USD to CAD

    Canadian dollar to Euro

    CAD to EUR at 0.7159 is 3.7% below its 90-day average 0.7432 with range 0.7159-0.7677.
    CAD to EUR

    Canadian dollar to Indian rupee

    CAD to INR at 60.72 is just 0.6% above its 90-day average 60.37 with range 59.03-61.24.
    CAD to INR

    Canadian dollar to Pound Sterling

    CAD to GBP at 0.6188 is 4.5% below its 90-day average 0.6478 with range 0.6174-0.6816.
    CAD to GBP

    Canadian dollar to Mexican peso

    CAD to MXN at 14.19 is 3.6% below its 90-day average 14.72 with range 14.19-15.40.
    CAD to MXN

    US dollar to Euro

    USD to EUR at 0.9630 is 3.8% below its 90-day average 1.0014 with range 0.9602-1.0421.
    USD to EUR

    Canadian dollar to Philippine peso

    CAD to PHP at 42.06 is 2.1% below its 90-day average 42.97 with range 41.94-43.73.
    CAD to PHP

    Canadian dollar to Australian dollar

    CAD to AUD at 1.1028 is 2.6% below its 90-day average 1.1321 with range 1.1028-1.1621.
    CAD to AUD

    Indian rupee to Canadian dollar

    INR to CAD at 0.016471 is just 0.6% below its 90-day average 0.016565 with range 0.016330-0.016941.
    INR to CAD

    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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