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Compare Online AUD/CAD travel money rates

Find the best online currency exchange rates (Australian Dollar to Canadian Dollar cash)

 

This is the current AUD-CAD mid-market exchange rate. The Total Cost of buying foreign currency in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market AUD-CAD exchange rate.

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Currency news and forecasts for Australian Dollar and Canadian Dollar

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.

So it follows that if you are determining the best time to transact, in this case the AUD vs CAD, you should pay attention to both Australian Dollar and Canadian Dollar news and forecasts.

Australian Dollar (AUD) - Market news and forecasts

Following a flash crash in early January, which saw the Australian dollar briefly trade at a 10-year low of $0.674, the Aussie recovered to $0.73, but then, as it had done before the flash crash, it commenced with a slow and steady decline, and it was back at $0.705 in mid-March and was predicted to fall further.

In February, HSBC predicted a year-end AUD/USD rate of $0.66. In March, Westpac and JP Morgan were slightly more upbeat and argued for $0.68.

Fuelling lower exchange rate forecasts is the Australian economic story, for which major themes include a housing market slump, Chinese growth and the US-China trade spat. The RBA slashed growth forecasts in February and markets are now pricing in 1-2 interest rate cuts this year.

Another Aussie exchange rate worth mentioning is AUD/GBP, which sank in mid-March to its lowest level in nearly 3 years, at just £0.53. The Australian dollar has been unable to compete with the pound of late, since the latter benefits every time the British government fails to make a decision on how to deliver Brexit (every time Brexit appears less likely or to be delayed).

Canadian Dollar (CAD) - Market news and forecasts

A fantastic January that took the Canadian dollar away from long-term lows against the US dollar was followed by a steady February and then a weak first-half of March.

In the first week of March, traders reacted badly to news of Canada’s economy growing at a dismal quarterly rate of just 0.1 percent (the slowest rate of quarterly growth in 2 ½ years), and they sold the loonie to account for a lower probability of future interest rate hikes by Canada’s central bank.

Against the US dollar, the loonie recovered slightly in the second week of March and stabilised at levels near C$1.333 per USD, although another notable exchange rate at the time of writing, GBP/CAD, rose to an 8-month high (CAD low) of C$1.78.

Per researchers at CIBC and TD Securities, fair value in USD/CAD is currently C$1.4, indicating potential CAD depreciation worth 5 percent. A move to C$1.4 would take the loonie to its lowest level against its US cousin since early 2016.

Sorry, our travel money calculators are currently only available for comparing exchange rates rates for buying foreign cash and travel money in Australia, Canada, France, Germany, Netherlands, New Zealand, United Kingdom and the USA.