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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 = 1.1028 AUD

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CAD to AUD - Trading Range (90 Day)
60-DAY LOW (3d)
90-DAY TREND: At 1.1026 CAD/AUD is trading 0.7% below the average 1.11 with a range 1.094 to 1.128. There are no current alerts.
Update: 06-Dec 16:01-EST 21:01-GMT 08:01-AEDT(+1D)

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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$10,940
Best Overall
1.0940^0.8%
XE logo
A$10,890
A$50 less
1.08901.25%
HSBC logo
A$10,570
A$370 less
1.0586C$154.15%
TD Canada Trust logo
A$10,503
A$437 less
1.0609C$1004.76%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
A$10,491
A$449 less
1.0597C$1004.87%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo HSBC logo TD Canada Trust logo Royal Bank of Canada logo
A$10,483
A$457 less
1.0571154.94%
Scotiabank logo
A$10,480
A$460 less
1.0586C$1004.97%
Royal Bank of Canada logo
A$10,373
A$567 less
1.0478C$1005.94%
 

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:1.0940 (0.8% from mid-rate)
To Amount (AUD) A$10,940
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:1.0890 (1.25% from mid-rate)
To Amount (AUD) A$10,890
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:1.0586 (4.01% from mid-rate)
To Amount (AUD) A$10,570
Total Cost:4.15%
Difference:
A$370 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:1.0609 (3.8% from mid-rate)
To Amount (AUD) A$10,503
Total Cost:4.76%
Difference:
A$437 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:1.0597 (3.91% from mid-rate)
To Amount (AUD) A$10,491
Total Cost:4.87%
Difference:
A$449 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:1.0477 (5% from mid-rate)
To Amount (AUD) A$10,483
Total Cost:4.94%
Difference:
A$457 AUD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Scotiabank logo

Scotiabank: Foreign Transfer CAD→AUD
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:1.0586 (4.01% from mid-rate)
To Amount (AUD) A$10,480
Total Cost:4.97%
Difference:
A$460 AUD less than using OFX
Time:18:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

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:1.0478 (4.99% from mid-rate)
To Amount (AUD) A$10,373
Total Cost:5.94%
Difference:
A$567 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 12/07/2019 - 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
A$1,064.2
Best Overall
1.0642$03.5%
Royal Bank of Canada logo
A$1,040.8
A$23 less
1.040805.62%
TD Canada Trust logo
A$1,030.1
A$34 less
1.030106.59%
Banks - Average Rate
Scotiabank logo TD Canada Trust logo Royal Bank of Canada logo
A$1,028
A$36 less
1.0344C$106.83%
Scotiabank logo
A$1,011.65
A$53 less
1.0323C$208.27%
 

Travelex Online CA logo

Travelex Online CA: Travel Money CAD→AUD
From Amount (CAD)C$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:1.0642 (3.5% from mid-rate)
To Amount (AUD) A$1,064.2
Total Cost:3.5%
Time:
Rate Fetched: 18:06 Local
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Royal Bank of Canada logo

Royal Bank of Canada: Travel Money CAD→AUD
From Amount (CAD)C$1,000
Fee:
Exchange Rate:1.0408 (5.62% from mid-rate)
To Amount (AUD) A$1,040.8
Total Cost:5.62%
Time:18:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

TD Canada Trust logo

TD Canada Trust: Travel Money CAD→AUD
From Amount (CAD)C$1,000
Fee:
Exchange Rate:1.0301 (6.59% from mid-rate)
To Amount (AUD) A$1,030.1
Total Cost:6.59%
Time:18:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money CAD→AUD
From Amount (CAD)C$1,000
Fee:C$10 CAD (1%)
Exchange Rate:0.9650 (12.5% from mid-rate)
To Amount (AUD) A$1,028
Total Cost:6.83%
Currency Services:Branch
Delivery/Collect:-
 

Scotiabank logo

Scotiabank: Travel Money CAD→AUD
From Amount (CAD)C$1,000
Fee:C$20 CAD (Minimum fee)
Exchange Rate:1.0323 (6.39% from mid-rate)
To Amount (AUD) A$1,011.65
Total Cost:8.27%
Time:18:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 12/07/2019 - 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 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 November it was all downhill traffic for the Australian dollar 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. 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