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Best Exchange Rates

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Compare CAD to GBP foreign transfers

Use our comparison table to find the best exchange rates for British Pound Sterling 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
£GBP

Compare Deals
Foreign Transfer Providers
Ratings & Reviews
Receive GBP(£)Exchange RateFee CADTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
5,745 GBP
Best Overall
0.57450^1.49%Bank Transfers - Online & Phone1-2 days
 
WorldFirst logo
5,809 GBP
64 GBP
0.580900.39%Bank Transfers - Online & Phone1-2 days
HSBC logo
5,624.55 GBP
120 GBP
0.5633$153.56%Online, Branch, Bank Transfers2-3 days
Coast Capital Savings logo
5,582.61 GBP
162 GBP
0.5639$1004.28%Online, Branch, Bank Transfers2-3 days
Scotiabank logo
5,576.67 GBP
168 GBP
0.5633$1004.38%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
5,572 GBP
173 GBP
0.5618154.47%Online, Branch, Bank Transfers2-3 days
TD Canada Trust logo
5,553.9 GBP
191 GBP
0.561$1004.77%Online, Branch, Bank Transfers2-3 days
 
Royal Bank of Canada logo
5,520.24 GBP
225 GBP
0.5576$1005.35%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer CAD→GBP
CAD amount:$10,000 CAD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:0.5745 (1.49% from mid-rate)
GBP amount:5,745 GBP
Total Cost:1.49%
Time:
Rate Fetched: Sat Feb 23 2019 10:04:42 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
WorldFirst: Foreign Transfer CAD→GBP
CAD amount:$10,000 CAD
Fee:
Exchange Rate:0.5809 (0.39% from mid-rate)
GBP amount:5,809 GBP
Total Cost:0.39%
Difference:
64 GBP more than using OFX
Time:12:13 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.6/5.0
Reviews:
HSBC: Foreign Transfer CAD→GBP
CAD amount:$10,000 CAD
Fee:$15 CAD (.15%)
Exchange Rate:0.5633 (3.41% from mid-rate)
GBP amount:5,624.55 GBP
Total Cost:3.56%
Difference:
120 GBP less than using OFX
Time:12:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Coast Capital Savings: Foreign Transfer CAD→GBP
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.5639 (3.31% from mid-rate)
GBP amount:5,582.61 GBP
Total Cost:4.28%
Difference:
162 GBP less than using OFX
Time:12:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Scotiabank: Foreign Transfer CAD→GBP
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.5633 (3.41% from mid-rate)
GBP amount:5,576.67 GBP
Total Cost:4.38%
Difference:
168 GBP less than using OFX
Time:12:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Coast Capital Savings logo Scotiabank logo Royal Bank of Canada logo HSBC logo TD Canada Trust logo

Foreign Transfer CAD→GBP
CAD amount:$10,000 CAD
Fee:15
Exchange Rate:0.5540 (5.01% from mid-rate)
GBP amount:5,572 GBP
Total Cost:4.47%
Difference:
173 GBP less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
TD Canada Trust: Foreign Transfer CAD→GBP
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.5610 (3.81% from mid-rate)
GBP amount:5,553.9 GBP
Total Cost:4.77%
Difference:
191 GBP less than using OFX
Time:12:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Royal Bank of Canada: Foreign Transfer CAD→GBP
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.5576 (4.39% from mid-rate)
GBP amount:5,520.24 GBP
Total Cost:5.35%
Difference:
225 GBP less than using OFX
Time:12:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in Canada with FINTRAC. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/23/2019

1 CAD = 0.5833 GBP

This is the current CAD-GBP mid-market exchange rate. 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-GBP exchange rate.

3 Month Chart
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Currency news and forecasts for Canadian Dollar and British Pound Sterling

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 GBP, you should pay attention to both Canadian Dollar and British Pound Sterling news and forecasts.

Canadian Dollar (CAD) - Market news and forecasts

7-February-19: January was a fantastic month for the Canadian dollar. A gain of 4 percent relative to the US dollar took USD/CAD away from 19-month highs near C$1.365 into the low C$1.31s.

A recovery in the oil market has played a big part in the loonie’s 2019 recovery. By the time of this report, oil had gained nearly $12 per barrel, or 23 percent, on 2018 lows. The price of oil remains vital to Canada’s economy; it had fallen by as much as 40 percent in the October-December period.

Going forward, risks to the Canadian dollar include, of course, oil, and the return of global trade tensions.

Towards the end of 2018, Goldman Sachs predicted a strong energy market rebound in 2019 — more so than has already been realised — and this would underpin Canada’s currency.

In February, Westpac reaffirmed its view that the Canadian dollar would be an outperformer in 2019. Canada’s growth picture is more secure than those of the eurozone, UK or Australia, Westpac believes, and as a result, the Bank of Canada will be more hawkish this year relative to other G10 central banks, driving CAD appreciation.

British Pound Sterling (GBP) - Market news and forecasts

20-February-19: Given Brexit uncertainties, 2018 wasn’t too bad of a year for the pound. Although it lost 7.5 percent of its value against the US dollar, it only lost 1.9 percent against the euro and gained nearly 3 percent against the Australian dollar.

In early 2019, the pound has been resilient, having gained several percent against most of the other G10 currencies despite UK politics being in a state of disarray and with all Brexit options still on the table. Sterling remains well down when compared with its recent history though: at the time of writing, against the US dollar it was 12 percent lower than levels prior to the UK’s EU referendum in June 2016.

Pound forecasts are futile given uncertainties over Brexit but estimates can be made for different outcomes. Currency analysts at HSBC said in February that sterling would be valued at levels near US$1.10 in the event of no-deal, near US$1.45 with a deal and at US$1.55 should Article 50 be revoked and Brexit cancelled. GBP/USD was quoted at US$1.305 at the time of this report.

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