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GBP/CAD - Convert Compare Save

British Pound Sterling to Canadian Dollar 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.

 

This resource page for the British Pound Sterling to Canadian Dollar exchange rate, has news, forecasts and GBP to CAD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

GBP/CAD Exchange Rates - How to Compare & Save

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 GBP/CAD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive CAD(C$)Exchange RateFee GBPTotal CostDeal Links
TorFX logo
7,987 CAD
Best Overall
1.597402.42%
OFX logo
8,119.5 CAD
133 CAD
1.6239£0^0.8%
WorldFirst logo
8,144 CAD
157 CAD
1.628800.5%
HSBC logo
7,827.24 CAD
160 CAD
1.5678£7.54.37%
Natwest Bank logo
7,783.58 CAD
203 CAD
1.5614154.9%
Citibank International Money Transfers
Citibank logo
7,748.36 CAD
239 CAD
1.5534125.33%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
7,747 CAD
240 CAD
1.5540155.35%
Santander International Money Transfers
Santander logo
7,704.06 CAD
283 CAD
1.547205.88%
Lloyds TSB logo
7,671.69 CAD
315 CAD
1.5405206.27%
TorFX: Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:
Exchange Rate:1.5974 (2.42% from mid-rate)
CAD amount:7,987 CAD
Total Cost:2.42%
Time:16:20 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
OFX: Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.6239 (0.8% from mid-rate)
CAD amount:8,119.5 CAD
Total Cost:0.8%
Difference:
133 CAD more than using TorFX
Time:
Rate Fetched: 16:20 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
WorldFirst: Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:
Exchange Rate:1.6288 (0.5% from mid-rate)
CAD amount:8,144 CAD
Total Cost:0.5%
Difference:
157 CAD more than using TorFX
Time:16:20 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:£7.5 GBP (.15%)
Exchange Rate:1.5678 (4.23% from mid-rate)
CAD amount:7,827.24 CAD
Total Cost:4.37%
Difference:
160 CAD less than using TorFX
Time:16:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Natwest Bank logoNatwest Bank

Natwest Bank: Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:1.5614 (4.62% from mid-rate)
CAD amount:7,783.58 CAD
Total Cost:4.9%
Difference:
203 CAD less than using TorFX
Time:16:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:12
Exchange Rate:1.5534 (5.11% from mid-rate)
CAD amount:7,748.36 CAD
Total Cost:5.33%
Difference:
239 CAD less than using TorFX
Time:16:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:1.5421 (5.8% from mid-rate)
CAD amount:7,747 CAD
Total Cost:5.35%
Difference:
240 CAD less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Santander logoSantander

Santander: Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:1.5470 (5.5% from mid-rate)
CAD amount:7,704.06 CAD
Total Cost:5.88%
Difference:
283 CAD less than using TorFX
Time:16:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 

Lloyds TSB logoLloyds TSB

Lloyds TSB: Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:1.5405 (5.89% from mid-rate)
CAD amount:7,671.69 CAD
Total Cost:6.27%
Difference:
315 CAD less than using TorFX
Time:16:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 08/25/2019 - 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 CAD(C$)Exchange RateFee GBPTotal CostDeal Links
Post Office Money Foreign Currency
Post Office Money logo
1,568.6 CAD
Best Overall
1.568604.18%
Travelex Online UK logo
1,565.6 CAD
3 CAD
1.5656£0^4.36%
Citibank Foreign Currency
Citibank logo
1,540.44 CAD
28 CAD
1.556£105.9%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
1,527 CAD
42 CAD
1.5442£106.73%
Lloyds TSB logo
1,524.8 CAD
44 CAD
1.5402£106.85%
Santander Foreign Currency
Santander logo
1,524.8 CAD
44 CAD
1.5402£106.85%
Natwest Bank logo
1,517.1 CAD
51 CAD
1.5402£157.32%
Post Office Money: Travel Money GBP→CAD
GBP amount:£1,000 GBP
Fee:0
Exchange Rate:1.5686 (4.18% from mid-rate)
CAD amount:1,568.6 CAD
Total Cost:4.18%
Time:16:20 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
: /5.0
Reviews:
Travelex Online UK: Travel Money GBP→CAD
GBP amount:£1,000 GBP
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:1.5656 (4.36% from mid-rate)
CAD amount:1,565.6 CAD
Total Cost:4.36%
Time:
Rate Fetched: Sun Aug 25 2019 14:15:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Citibank logoCitibank

Citibank: Travel Money GBP→CAD
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.5560 (4.95% from mid-rate)
CAD amount:1,540.44 CAD
Total Cost:5.9%
Time:16:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money GBP→CAD
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.5402 (5.91% from mid-rate)
CAD amount:1,527 CAD
Total Cost:6.73%
Currency Services:Branch
Delivery/Collect:-
 

Lloyds TSB logoLloyds TSB

Lloyds TSB: Travel Money GBP→CAD
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.5402 (5.91% from mid-rate)
CAD amount:1,524.8 CAD
Total Cost:6.85%
Time:16:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

Santander logoSantander

Santander: Travel Money GBP→CAD
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.5402 (5.91% from mid-rate)
CAD amount:1,524.8 CAD
Total Cost:6.85%
Time:16:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 

Natwest Bank logoNatwest Bank

Natwest Bank: Travel Money GBP→CAD
GBP amount:£1,000 GBP
Fee:£15 GBP (Minimum fee)
Exchange Rate:1.5402 (5.91% from mid-rate)
CAD amount:1,517.1 CAD
Total Cost:7.32%
Time:16:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 08/25/2019 - See full table

GBP to CAD interbank exchange rate = 1.637

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on GBP/CAD exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

GBP and CAD in the Markets

When determining the best time to make a foreign exchange transaction, in this case the GBP vs CAD, you should pay attention to the recent market trends for both currencies.

 

British Pound Sterling (GBP)

By some margin, the pound was the worst-performing major currency in the second quarter. 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.

Pound valuations will continue to fluctuate based on No-deal, Deal and Remain probabilities. No-deal prospects may increase if, as is widely expected, ardent Brexiteer Boris Johnson becomes the UK’s next prime minister. However, some banks argue that Johnson’s appointment would make little difference to no-deal or remain probabilities.

The pound is unlikely to receive much in the way of meaningful respite until November, analysts say, when hopefully the UK-EU Brexit arrangement, or lack thereof, is known (Boris Johnson insists that the UK will not seek any further Article 50 extensions beyond the October-31 deadline).

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.

Read more in the article GBP Forecasts.

 

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.

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