Loading...

CAD to AUD - Rate Guide

Canadian Dollar to Australian Dollar exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

CAD/AUD update & alerts

1 CAD = 1.1121 AUD

Sell CAD - Buy AUD  Invert

CAD to AUD - Trading Range (90 Day)
no alerts
CAD/AUD at 1.1137 is trading 0.5% above the 90-day average 1.1083 with a range 1.0946 to 1.1225. There are no current rate alerts.
19-Jan-2020 16:NY 21:LON 08:SYD+1d

More Charts

CAD/AUD Exchange Rates and Providers Compared

This guide to the Canadian Dollar to Australian Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and CAD to AUD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our CAD/AUD Quick Calculator.

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for CAD/AUD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

CAD to AUD International Money Transfers

  

Foreign Transfer ProvidersReceive AUD(A$)Exchange RateFee CADTotal CostDeal Links
OFX logo
A$11,025
Best Overall
1.10250^0.8%
XE logo
A$10,975
A$50 less
1.097501.25%
HSBC logo
A$10,670
A$355 less
1.0686C$153.99%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
A$10,590
A$435 less
1.0697C$1004.71%
TD Canada Trust logo
A$10,585
A$440 less
1.0692C$1004.76%
Scotiabank logo
A$10,579
A$446 less
1.0686C$1004.81%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo HSBC logo TD Canada Trust logo Royal Bank of Canada logo
A$10,579
A$446 less
1.0668154.81%
Royal Bank of Canada logo
A$10,471
A$554 less
1.0577C$1005.79%
 
OFX logo
OFX: Foreign Transfer CAD→AUD
From Amount (CAD)C$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:1.1025 (0.8% from mid-rate)
To Amount (AUD) A$11,025
Total Cost:0.8%
Time:
Rate Fetched: 18:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE logo
XE: Foreign Transfer CAD→AUD
From Amount (CAD)C$10,000
Fee:
Exchange Rate:1.0975 (1.25% from mid-rate)
To Amount (AUD) A$10,975
Total Cost:1.25%
Difference:
A$50 AUD less than using OFX
Time:18:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer CAD→AUD
From Amount (CAD)C$10,000
Fee:C$15 CAD (.15%)
Exchange Rate:1.0686 (3.85% from mid-rate)
To Amount (AUD) A$10,670
Total Cost:3.99%
Difference:
A$355 AUD less than using OFX
Time:18:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Coast Capital Savings logo
Coast Capital Savings: Foreign Transfer CAD→AUD
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:1.0697 (3.75% from mid-rate)
To Amount (AUD) A$10,590
Total Cost:4.71%
Difference:
A$435 AUD less than using OFX
Time:18:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
TD Canada Trust logo
TD Canada Trust: Foreign Transfer CAD→AUD
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:1.0692 (3.8% from mid-rate)
To Amount (AUD) A$10,585
Total Cost:4.76%
Difference:
A$440 AUD less than using OFX
Time:18:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Scotiabank logo
Scotiabank: Foreign Transfer CAD→AUD
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:1.0686 (3.85% from mid-rate)
To Amount (AUD) A$10,579
Total Cost:4.81%
Difference:
A$446 AUD less than using OFX
Time:18:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer CAD→AUD
From Amount (CAD)C$10,000
Fee:15
Exchange Rate:1.0558 (5% from mid-rate)
To Amount (AUD) A$10,579
Total Cost:4.81%
Difference:
A$446 AUD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Royal Bank of Canada logo
Royal Bank of Canada: Foreign Transfer CAD→AUD
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:1.0577 (4.83% from mid-rate)
To Amount (AUD) A$10,471
Total Cost:5.79%
Difference:
A$554 AUD less than using OFX
Time:18:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 01/19/2020 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount AUD(A$)Exchange RateFee CADTotal CostDeal Links
Banks - Average Rate Foreign Currency
A$962.78
Compare
0.9725C$1013.37%
 
Banks - Average Rate
Travel Money CAD→AUD
From Amount (CAD)C$1,000
Fee:C$10 CAD (1%)
Exchange Rate:0.9725 (12.5% from mid-rate)
To Amount (AUD) A$962.78
Total Cost:13.37%
Currency Services:Branch
Delivery/Collect:-
 
Snapshot 01/19/2020 - See full table

CAD and AUD in the Markets

When determining the best time to make a foreign exchange transaction, in this case the CAD vs AUD, you should pay attention to the recent market trends for both currencies.

Canadian Dollar (CAD)

The threat of proxy war between the US and Iran in Iraq has 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 news and forecasts.

Read more in the article CAD Forecasts.

 

Australian Dollar (AUD)

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

The Australian dollar had started the new decade strongly climbing to multi-month highs helped along by cooling trade tensions between the United States and China and optimism for global economic growth in the year ahead.

The Aussie broke back over US70 cents on the final day of 2019 — a level not seen since mid year. During December the Australian dollar reversed direction (again) and climbed steadily back up against the US dollar on the back of the strength of the housing market and a market perception that further interest rate cuts were less likely. In November it had been all downhill traffic for the Aussie dropping back from highs close to 70c at the beginning of the month to around 67c against the USD by month end.

At the end of October the AUD had surged to a three month high against the US dollar following the third rate cut in a year by the US Federal Reserve. The gains were mainly due to the fall in the US dollar after the market sensed that US rates are more likely to rise now than fall further.

The RBA also added to the positive sentiment with an optimistic assessment of easing risks from the US-China trade war and Brexit. Accordingly markets are pulling back from bets that the cash rate will drop to 0.5 per cent and the possible start of quantitative easing.

Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.

Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations.

For AUD forecasts and predictions read our Australian Dollar Forecasts report.

Read more in the article AUD Forecasts.

Why can't I just get the CAD/AUD market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the CAD / AUD was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all CAD Exchange Rates