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Compare CAD to AUD foreign transfers

Use our comparison table to find the best exchange rates for Australian Dollar foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
$CAD
$AUD

Compare Deals
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Foreign Transfer Providers
Ratings & Reviews
Receive AUD($)Exchange RateFee CADTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
10,469 AUD
Best Overall
1.04690^0.98%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
HSBC logo
10,250 AUD
219 AUD
1.0265$153.05%Online, Branch, Bank Transfers2-3 days
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
10,172 AUD
297 AUD
1.0275$1003.79%Online, Branch, Bank Transfers2-3 days
Scotiabank logo
10,162 AUD
307 AUD
1.0265$1003.89%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo Royal Bank of Canada logo HSBC logo TD Canada Trust logo
10,142 AUD
327 AUD
1.0227154.07%Online, Branch, Bank Transfers2-3 days
TD Canada Trust logo
10,069 AUD
400 AUD
1.0171$1004.77%Online, Branch, Bank Transfers2-3 days
 
Royal Bank of Canada logo
10,058 AUD
411 AUD
1.016$1004.87%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer CAD→AUD
CAD amount:$10,000 CAD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:1.0469 (0.98% from mid-rate)
AUD amount:10,469 AUD
Total Cost:0.98%
Time:
Rate Fetched: Thu Apr 25 2019 16:04:45 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer CAD→AUD
CAD amount:$10,000 CAD
Fee:$15 CAD (.15%)
Exchange Rate:1.0265 (2.91% from mid-rate)
AUD amount:10,250 AUD
Total Cost:3.05%
Difference:
219 AUD less than using OFX
Time:18:03 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:$100 CAD (1%)
Exchange Rate:1.0275 (2.82% from mid-rate)
AUD amount:10,172 AUD
Total Cost:3.79%
Difference:
297 AUD less than using OFX
Time:18:03 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:$100 CAD (1%)
Exchange Rate:1.0265 (2.91% from mid-rate)
AUD amount:10,162 AUD
Total Cost:3.89%
Difference:
307 AUD less than using OFX
Time:18:03 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:1.0044 (5% from mid-rate)
AUD amount:10,142 AUD
Total Cost:4.07%
Difference:
327 AUD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

TD Canada Trust logoTD Canada Trust

TD Canada Trust: Foreign Transfer CAD→AUD
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:1.0171 (3.8% from mid-rate)
AUD amount:10,069 AUD
Total Cost:4.77%
Difference:
400 AUD less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Royal Bank of Canada logoRoyal Bank of Canada

Royal Bank of Canada: Foreign Transfer CAD→AUD
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:1.0160 (3.91% from mid-rate)
AUD amount:10,058 AUD
Total Cost:4.87%
Difference:
411 AUD less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
3 Month Chart
Loading AUDUSD rates

This is a chart showing the change in the CAD-AUD mid-market exchange rate over the last week. The Total Cost of each foreign transfer 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 CAD-AUD exchange rate.

Currency news and forecasts for Canadian Dollar and Australian Dollar

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.

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

Canadian Dollar (CAD) - Market news and forecasts

In the March-April period (to April-20), the Canadian dollar traded mostly sideways relative to USD, between C$1.33 and C$1.34; it was stable against EUR, at C$1.50, but against AUD it neared 15-week lows, at C$0.957.

Unlike other oil-sensitive currencies, the Canadian dollar has failed to take advantage of a thriving oil market, with the market’s attention instead turned towards the global economic slowdown and the Canadian housing market, which, according to the IMF, is now as risky as it was during the 2007-08 financial crisis.

Forecasters at RBC expect further sideways price action until mid-year, after which the loonie probably weakens modestly towards C$1.36 to the USD by year-end. 

CIBC is also predicting C$1.36 per USD in December, and sees further weakness to C$1.40 sometime in 2020 C$1.40 is an exchange rate last seen in February 2016.

Australian Dollar (AUD) - Market news and forecasts

April 25: The Aussie dollar was in the trenches on Anzac day after a disappointing inflation figure saw the Australian dollar plunge 1 per cent. The headline inflation was below estimates for a 0.2 per cent rise and unchanged from the previous quarter. This has prompted predictions the Reserve Bank of Australia could cut rates at its next meeting in May, in the middle of an election campaign. This is causing headwinds for the Aussie.

Prior to this inflation induced drop, improved risk appetite, thriving commodities markets and better data from China helped lift the Australian dollar through March and into the second half of April. Against the US dollar, the Aussie was quoted at US$0.715 on April-22.

In March, both Westpac and JP Morgan predicted an Aussie slide to US$0.68 in the second half of the year. Those banks were at least more optimistic than HSBC, which argued in April for US$0.66 based on housing market weakness, high debt-to-GDP levels and continued strength in the US dollar.

Bearishness wasn’t unanimous, though, with NAB forecasting Aussie appreciation at least until mid-year; it predicted US$0.74 by the end of June.

The RBA will be happy with a weaker currency, HSBC said. The central bank has recently shifted to a dovish bias (what should be an across-the-board negative for AUD), saying lower Australian interest rates will “likely be appropriate” if inflation doesn’t pick up.