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CAD to GBP - Rate Guide

Canadian Dollar to British Pound Sterling 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/GBP update & alerts

1 CAD = 0.5743 GBP

Sell CAD - Buy GBP  Invert

CAD to GBP - Trading Range (90 Day)
ALERT: 90-DAY LOWS 🔔 |
90-DAY TREND: At 0.574 CAD/GBP is trading 3.9% below the average 0.5974 with a range 0.5739 to 0.6219. ALERT: CAD/GBP has dropped to 90-DAY LOWS.
Update: 06-Dec 16:01-EST 21:01-GMT 08:01-AEDT(+1D)

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CAD/GBP Exchange Rates and Providers Compared

This guide to the Canadian Dollar to British Pound Sterling exchange rate with 90-day chart & alerts, historic rates, forecasts and CAD to GBP 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/GBP 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/GBP International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive GBP(£)Exchange RateFee CADTotal CostDeal Links
OFX logo
£5,697
Best Overall
0.56970^0.8%
XE logo
£5,671
£26 less
0.567101.25%
HSBC logo
£5,500.74
£196 less
0.5509C$154.22%
TD Canada Trust logo
£5,469.75
£227 less
0.5525C$1004.76%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
£5,458.86
£238 less
0.5514C$1004.95%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo HSBC logo TD Canada Trust logo Royal Bank of Canada logo
£5,456
£241 less
0.5502154.99%
Scotiabank logo
£5,453.91
£243 less
0.5509C$1005.03%
Royal Bank of Canada logo
£5,398.47
£299 less
0.5453C$1006%
 

OFX logo

OFX: Foreign Transfer CAD→GBP
From Amount (CAD)C$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:0.5697 (0.8% from mid-rate)
To Amount (GBP) £5,697
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→GBP
From Amount (CAD)C$10,000
Fee:
Exchange Rate:0.5671 (1.25% from mid-rate)
To Amount (GBP) £5,671
Total Cost:1.25%
Difference:
£26 GBP 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→GBP
From Amount (CAD)C$10,000
Fee:C$15 CAD (.15%)
Exchange Rate:0.5509 (4.07% from mid-rate)
To Amount (GBP) £5,500.74
Total Cost:4.22%
Difference:
£196 GBP 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→GBP
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:0.5525 (3.8% from mid-rate)
To Amount (GBP) £5,469.75
Total Cost:4.76%
Difference:
£227 GBP 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→GBP
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:0.5514 (3.99% from mid-rate)
To Amount (GBP) £5,458.86
Total Cost:4.95%
Difference:
£238 GBP 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→GBP
From Amount (CAD)C$10,000
Fee:15
Exchange Rate:0.5456 (5% from mid-rate)
To Amount (GBP) £5,456
Total Cost:4.99%
Difference:
£241 GBP less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Scotiabank logo

Scotiabank: Foreign Transfer CAD→GBP
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:0.5509 (4.07% from mid-rate)
To Amount (GBP) £5,453.91
Total Cost:5.03%
Difference:
£243 GBP 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→GBP
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:0.5453 (5.05% from mid-rate)
To Amount (GBP) £5,398.47
Total Cost:6%
Difference:
£299 GBP 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 GBP(£)Exchange RateFee CADTotal CostDeal Links
Travelex Online CA logo
£554.20
Best Overall
0.5542$03.5%
Royal Bank of Canada logo
£542.00
£12 less
0.54205.62%
TD Canada Trust logo
£536.50
£18 less
0.536506.58%
Banks - Average Rate
Scotiabank logo TD Canada Trust logo Royal Bank of Canada logo
£535.12
£19 less
0.5387C$106.82%
Scotiabank logo
£526.85
£27 less
0.5376C$208.26%
 

Travelex Online CA logo

Travelex Online CA: Travel Money CAD→GBP
From Amount (CAD)C$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.5542 (3.5% from mid-rate)
To Amount (GBP) £554.20
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→GBP
From Amount (CAD)C$1,000
Fee:
Exchange Rate:0.5420 (5.62% from mid-rate)
To Amount (GBP) £542.00
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→GBP
From Amount (CAD)C$1,000
Fee:
Exchange Rate:0.5365 (6.58% from mid-rate)
To Amount (GBP) £536.50
Total Cost:6.58%
Time:18:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money CAD→GBP
From Amount (CAD)C$1,000
Fee:C$10 CAD (1%)
Exchange Rate:0.5025 (12.5% from mid-rate)
To Amount (GBP) £535.12
Total Cost:6.82%
Currency Services:Branch
Delivery/Collect:-
 

Scotiabank logo

Scotiabank: Travel Money CAD→GBP
From Amount (CAD)C$1,000
Fee:C$20 CAD (Minimum fee)
Exchange Rate:0.5376 (6.39% from mid-rate)
To Amount (GBP) £526.85
Total Cost:8.26%
Time:18:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 12/07/2019 - See full table

CAD and GBP in the Markets

When determining the best time to make a foreign exchange transaction, in this case the CAD vs GBP, 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.

 

British Pound Sterling (GBP)

Sterling has climbed more than 5 per cent in October since Boris Johnson announced a new Brexit agreement with Brussels that has reduced the possibility of the UK crashing out of the EU without a deal. Pound valuations will continue to fluctuate based on Brexit No-deal, Deal and Remain probabilities. Currency strategists predict that gains in the pound would remain limited for now while parties prepared their election campaigns.

The pound would be doing far worse if it weren't receiving some support from the Bank of England which, surprisingly, is the only major central bank still considering higher interest rates in 2019.

Earlier in the year the pound was the worst-performing major currency by some margin. It slipped in late June to multi-month lows against a number of important currencies, including the Australian dollar, New Zealand dollar, euro, Canadian dollar and Swiss franc.

Read more in the article GBP Forecasts.

Why can't I just get the CAD/GBP 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 / GBP 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