What's in this CAD to AUD exchange rate review?
To calculate other CAD/AUD amounts try our home-page Convert CAD to AUD quick converter.
Comparing Retail Exchange Rates
The total cost for 'Retail' exchange rates you receive from your bank or foreign exchange provider consists of the margin from the 'Wholesale' rate (interbank mid-rate) plus any fixed or percentage fees.
These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.
Country Guides - Australian Dollar
 Australia (AUD) |  Christmas Island (AUD) |  Cocos Keeling Islands (AUD) |
 Heard and McDonald Islands (AUD) |  Kiribati (AUD) |  Nauru (AUD) |
 Norfolk Island (AUD) |  Tuvalu (AUD) |
Canadian Dollar - Australian Dollar Forecasting
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 combination of an eroded US interest yield advantage, a broadly positive riskon mood and renewed euro demand, could be a catalyst to push the Canadian dollar along. The combination of an eroded US interest yield advantage, a broadly positive riskon mood and renewed euro demand, could be a catalyst to push the Canadian dollar along.
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.
Read more in the article CAD Forecasts.
Australian Dollar (AUD)
The bleak outlook in the US has added downward pressure on the world’s base currency and helped consolidate the Aussie dollars’ upturn. Although the Australian dollar has recently edged through the key 0.72 handle, a sustained move above this level has been hard to come by.
Further uncertainty in the US could push the AUD through 0.72 US cents.
In the second quarter of 2020 AUD staged a rapid recovery through the months of April, May and into June up 25% from its mid-March lows to US70c in early June. This is due more to the perceived benefits to Australia of an awakening post-pandemic Chinese economy than the political-social situtation in the US dpressing the USD.
The Aussie had been savaged in March sliding to US55 cents the lowest since 2003. Growing fears of the coronavirus outbreak moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.
The virus was a double blow to the Aussie after the earlier threat of proxy war between the US and Iran in Iraq had also 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.
Read more in the article AUD Forecasts.
How to get Best CAD to AUD Exchange Rates
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).
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.
What is a good CAD to AUD exchange rate?
This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Canadian Dollar vs Australian Dollar current value is to look the CAD/AUD historic rate and change over a range of periods.
The following table looks at the change in the CAD to AUD exchange rate over periods from the previous week back to the last 10 years.
| CAD/AUD rate | Change | Period |
|---|---|---|
| 31 Jul 2020 : 1.0445 | 0.1% ▼ | 1 Week |
| 08 Jul 2020 : 1.0590 | 1.4% ▼ | 30 Days |
| 09 May 2020 : 1.0915 | 4.4% ▼ | 90 Days |
| 08 Aug 2019 : 1.1098 | 5.9% ▼ | 1 Year |
| 09 Aug 2015 : 1.0272 | 1.6% ▲ | 5 Years |
| 10 Aug 2010 : 1.0630 | 1.8% ▼ | 10 Years |
When is the best time to exchange CAD to AUD?
Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.
Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.