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Best CAD to GBP Exchange Rates Compared Live

The best CAD to GBP exchange rate is 0.5803. Compare foreign transfer and currency exchange rates, find better rates & deals.

CAD-GBP Best Exchange Rate Calculator
       

Comparing CAD-GBP exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to Pound Sterling (GBP) rates from different sources before making a conversion.

The above Loonie to Sterling comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest CAD-GBP mid-rate (see below) and the possible savings of using another provider.

 
@bestfxrates : #CADGBP struggles amid shifts in monetary policy & oil price waves. Despite a stable range, the pair may face volatility with #BoC's interest rate dance & UK political drama ahead. Eyes on oil trends & central bank cues for 2024, as markets brace for economic turbulence. Stay alert!

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CAD to GBP Market Data

Canadian dollar (CAD) to Pound Sterling (GBP) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 CAD =
0.5803We compare provider deals to this wholesale mid-market rate. Read more
GBP
+0.1%
📈1W
CAD to GBP is at 7-day highs near 0.5806, just 1.0% below its 3-month average of 0.5861, having traded in a very stable 3.5% range from 0.5749 to 0.5953
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DateCAD/GBPChangePeriod
04 Mar 2024
0.5805
no change2 Week
19 Dec 2023
0.5889
1.4% â–¼3 Month
19 Mar 2023
0.5983
3% â–¼1 Year
20 Mar 2019
0.5698
1.9% â–²5 Year
21 Mar 2014
0.5402
7.5% â–²10 Year
23 Mar 2004
0.4064
42.8% â–²20 Year
CAD/GBP historic rates & change to 18-Mar-2024
 

What are equivalent amounts of CAD and GBP?

Here are some popular conversion amounts for CAD to GBP (Canadian dollar to Pound Sterling)*.

CAD GBP
C$ 1 £ 0.5803
C$ 5 £ 2.9015
C$ 10 £ 5.8030
C$ 20 £ 11.61
C$ 50 £ 29.02
C$ 100 £ 58.03
C$ 250 £ 145.08
C$ 500 £ 290.15
C$ 1,000 £ 580.30
C$ 2,000 £ 1,161
C$ 5,000 £ 2,902
C$ 10,000 £ 5,803
C$ 20,000 £ 11,606
C$ 50,000 £ 29,015
C$ 100,000 £ 58,030
CAD GBP
C$ 1.7233 £ 1
C$ 8.6165 £ 5
C$ 17.23 £ 10
C$ 34.47 £ 20
C$ 86.17 £ 50
C$ 172.33 £ 100
C$ 430.83 £ 250
C$ 861.65 £ 500
C$ 1,723 £ 1,000
C$ 3,447 £ 2,000
C$ 8,617 £ 5,000
C$ 17,233 £ 10,000
C$ 34,466 £ 20,000
C$ 86,165 £ 50,000
C$ 172,330 £ 100,000

More amounts

*Converted at the current CADGBP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for CAD to GBP

 

Based on recent exchange rate forecasts and market updates, the Canadian Dollar (CAD) is expected to continue to be influenced by oil prices, albeit with a weaker correlation than before. Despite the potential positive impact of looser monetary policy on global growth and oil demand, the CAD could face challenges from potential interest rate cuts by the Bank of Canada and its strong correlation with the US Dollar. CIBC Capital Markets has revised their year-end forecast for USD/CAD to 1.31 for 2024, indicating strength in the US Dollar against the Canadian Dollar, but they anticipate a potentially weaker USD in 2025 which could benefit the CAD. The GBP, on the other hand, has been affected by softening wage growth and employment data, leading to expectations of interest rate cuts by the Bank of England. Political and monetary policy factors are likely to drive Pound volatility in 2024, with a looming general election adding to market uncertainty.

Read our full review of recent CAD to GBP forecasts.

 

How to get a good CAD to GBP exchange rate

There are several ways to save on exchange rates when converting Canadian dollar to Pound Sterling:

  1. Shop around for the best CAD/GBP exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the CAD/GBP rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both CAD and GBP at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Pound Sterling with Canadian dollar, then it's better for the CAD/GBP exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Will the Canadian dollar rise against the Pound Sterling?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add CAD/GBP to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to the United Kingdom - a practical currency and money guide to travel, living and doing business in the United Kingdom with the Pound Sterling.

 
 
 

Currency Country Guides

United KingdomUnited Kingdom (GBP)CanadaCanada (CAD)GuernseyGuernsey (GBP)
Isle of ManIsle of Man (GBP)JerseyJersey (GBP)South Georgia and South Sandwich IslandsSouth Georgia and South Sandwich Islands (GBP)
 

How is the expat life in the UK?

Expat life in the UK can be a positive experience, as the country is known for its rich history, culture, and diverse society. It also offers a high standard of living and a strong economy. However, as with any move to a new country, there can be challenges to overcome.

One of the biggest challenges for expats in the UK is the weather, as it can be unpredictable and quite damp, especially in the winter. Additionally, the cost of living in the UK, particularly in the larger cities such as London, can be high.

Read more at our United Kingdom (GBP) country guide

   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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