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CAD/AUD - Convert Compare Save

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.

 

This resource page for the Canadian Dollar to Australian Dollar exchange rate, has news, forecasts and CAD to AUD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

CAD/AUD Exchange Rates - How to Compare & Save

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.

 
Foreign Transfer ProvidersReceive AUD(A$)Exchange RateFee CADTotal CostDeal Links
OFX logo
11,035 AUD
Best Overall
1.10350^0.8%
XE logo
10,985 AUD
50 AUD
1.098501.25%
HSBC logo
10,686 AUD
349 AUD
1.0702C$153.94%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
10,606 AUD
429 AUD
1.0713C$1004.66%
Scotiabank logo
10,595 AUD
440 AUD
1.0702C$1004.76%
TD Canada Trust logo
10,594 AUD
441 AUD
1.0701C$1004.76%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo Royal Bank of Canada logo HSBC logo TD Canada Trust logo
10,594 AUD
441 AUD
1.0682154.77%
Royal Bank of Canada logo
10,487 AUD
548 AUD
1.0593C$1005.73%
 
OFX: Foreign Transfer CAD→AUD
CAD amount:$10,000 CAD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:1.1035 (0.8% from mid-rate)
AUD amount:11,035 AUD
Total Cost:0.8%
Time:
Rate Fetched: 6:02 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE: Foreign Transfer CAD→AUD
CAD amount:$10,000 CAD
Fee:
Exchange Rate:1.0985 (1.25% from mid-rate)
AUD amount:10,985 AUD
Total Cost:1.25%
Difference:
50 AUD less than using OFX
Time:6:02 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer CAD→AUD
CAD amount:$10,000 CAD
Fee:C$15 CAD (.15%)
Exchange Rate:1.0702 (3.79% from mid-rate)
AUD amount:10,686 AUD
Total Cost:3.94%
Difference:
349 AUD less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Coast Capital Savings logoCoast Capital Savings

Coast Capital Savings: Foreign Transfer CAD→AUD
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:1.0713 (3.69% from mid-rate)
AUD amount:10,606 AUD
Total Cost:4.66%
Difference:
429 AUD less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Scotiabank logoScotiabank

Scotiabank: Foreign Transfer CAD→AUD
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:1.0702 (3.79% from mid-rate)
AUD amount:10,595 AUD
Total Cost:4.76%
Difference:
440 AUD less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

TD Canada Trust logoTD Canada Trust

TD Canada Trust: Foreign Transfer CAD→AUD
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:1.0701 (3.8% from mid-rate)
AUD amount:10,594 AUD
Total Cost:4.76%
Difference:
441 AUD less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer CAD→AUD
CAD amount:$10,000 CAD
Fee:15
Exchange Rate:1.0568 (5% from mid-rate)
AUD amount:10,594 AUD
Total Cost:4.77%
Difference:
441 AUD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Royal Bank of Canada logoRoyal Bank of Canada

Royal Bank of Canada: Foreign Transfer CAD→AUD
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:1.0593 (4.77% from mid-rate)
AUD amount:10,487 AUD
Total Cost:5.73%
Difference:
548 AUD less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 08/25/2019 - 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
Travelex Online CA logo
1,073.5 AUD
Best Overall
1.0735$03.5%
Royal Bank of Canada logo
1,049.8 AUD
24 AUD
1.049805.63%
TD Canada Trust logo
1,039.1 AUD
34 AUD
1.039106.59%
Banks - Average Rate
Scotiabank logo Royal Bank of Canada logo TD Canada Trust logo
1,036 AUD
37 AUD
1.0434C$106.83%
Scotiabank logo
1,020.47 AUD
53 AUD
1.0413C$208.26%
Travelex Online CA: Travel Money CAD→AUD
CAD amount:$1,000 CAD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:1.0735 (3.5% from mid-rate)
AUD amount:1,073.5 AUD
Total Cost:3.5%
Time:
Rate Fetched: 6:02 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Royal Bank of Canada logoRoyal Bank of Canada

Royal Bank of Canada: Travel Money CAD→AUD
CAD amount:$1,000 CAD
Fee:
Exchange Rate:1.0498 (5.63% from mid-rate)
AUD amount:1,049.8 AUD
Total Cost:5.63%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

TD Canada Trust logoTD Canada Trust

TD Canada Trust: Travel Money CAD→AUD
CAD amount:$1,000 CAD
Fee:
Exchange Rate:1.0391 (6.59% from mid-rate)
AUD amount:1,039.1 AUD
Total Cost:6.59%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money CAD→AUD
CAD amount:$1,000 CAD
Fee:C$10 CAD (1%)
Exchange Rate:0.9734 (12.5% from mid-rate)
AUD amount:1,036 AUD
Total Cost:6.83%
Currency Services:Branch
Delivery/Collect:-
 

Scotiabank logoScotiabank

Scotiabank: Travel Money CAD→AUD
CAD amount:$1,000 CAD
Fee:C$20 CAD (Minimum fee)
Exchange Rate:1.0413 (6.39% from mid-rate)
AUD amount:1,020.47 AUD
Total Cost:8.26%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 08/25/2019 - See full table

CAD to AUD interbank exchange rate = 1.1109

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on CAD/AUD exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

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 Canadian dollar stormed ahead in the second half of June, rising to a 16-week high against the US dollar 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.

Any delay to Canadian ratification of the USMCA trade deal (already accepted by Mexico) is likely to depress sentiment on Canada’s currency.

Read more in the article CAD Forecasts.

 

Australian Dollar (AUD)

In early August the Australian dollar sunk to a 10 year low of 67¢ (Aug-7) to the US dollar. This was due to the offshore yuan breaking the symbolic and closely watched USD/CNY = 7.0 exchange rate, after the trade war flared up again and the US labelled China a "currency manipulator".

Investors have sold AUD in recent months as they’ve bet on aggressive interest-rate cuts by the Reserve Bank of Australia. These bets paid off: the RBA cut its cash rate in both June and July to a record low of 1 percent.

Lower borrowing costs are necessary, investors believe, in light of persistently soft domestic data and the fallout from a US-China trade standoff that shows no sign of nearing an end.

AUD will continue to track changes in interest-rate expectations. Economists expect at least one further cut this year and many expect two by early 2020. After July's cut, the RBA hinted it would leave rates unchanged for several months.

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. Westpac has predicted three cuts this year.

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