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GBP to CAD - Rate Guide

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.

 

GBP/CAD update & alerts

1 GBP = 1.7413 CAD

Sell GBP - Buy CAD  Invert

GBP to CAD - Trading Range (90 Day)
ALERT: 90-DAY HIGHS 🔔 |
90-DAY TREND: At 1.7423 GBP/CAD is trading 4% above the average 1.6746 with a range 1.6079 to 1.7424. ALERT: GBP/CAD has risen to 90-DAY HIGHS.
Update: 06-Dec 16:01-EST 21:01-GMT 08:01-AEDT(+1D)

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GBP/CAD Exchange Rates and Providers Compared

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

 
Foreign Transfer ProvidersReceive CAD(C$)Exchange RateFee GBPTotal CostDeal Links
WorldFirst logo
C$8,663
Best Overall
1.732600.5%
TorFX logo
C$8,526.5
C$136 less
1.705302.07%
OFX logo
C$8,637
C$26 less
1.7274£0^0.8%
HSBC logo
C$8,355.95
C$307 less
1.6737£7.54.03%
Natwest Bank logo
C$8,309.5
C$353 less
1.6669154.56%
Citibank International Money Transfers
Citibank logo
C$8,271.6
C$391 less
1.6583125%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
C$8,270
C$393 less
1.6590155.01%
Santander International Money Transfers
Santander logo
C$8,224.47
C$439 less
1.6515205.54%
Lloyds TSB logo
C$8,190.11
C$473 less
1.6446205.93%
 

WorldFirst logo

WorldFirst: Foreign Transfer GBP→CAD
From Amount (GBP)£5,000
Fee:
Exchange Rate:1.7326 (0.5% from mid-rate)
To Amount (CAD) C$8,663
Total Cost:0.5%
Time:6:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 

TorFX logo

TorFX: Foreign Transfer GBP→CAD
From Amount (GBP)£5,000
Fee:
Exchange Rate:1.7053 (2.07% from mid-rate)
To Amount (CAD) C$8,526.5
Total Cost:2.07%
Difference:
C$136 CAD less than using WorldFirst
Time:6:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 

OFX logo

OFX: Foreign Transfer GBP→CAD
From Amount (GBP)£5,000
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.7274 (0.8% from mid-rate)
To Amount (CAD) C$8,637
Total Cost:0.8%
Difference:
C$26 CAD less than using WorldFirst
Time:
Rate Fetched: 6:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer GBP→CAD
From Amount (GBP)£5,000
Fee:£7.5 GBP (.15%)
Exchange Rate:1.6737 (3.88% from mid-rate)
To Amount (CAD) C$8,355.95
Total Cost:4.03%
Difference:
C$307 CAD less than using WorldFirst
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Natwest Bank logo

Natwest Bank: Foreign Transfer GBP→CAD
From Amount (GBP)£5,000
Fee:15
Exchange Rate:1.6669 (4.27% from mid-rate)
To Amount (CAD) C$8,309.5
Total Cost:4.56%
Difference:
C$353 CAD less than using WorldFirst
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 

Citibank logo

Citibank: Foreign Transfer GBP→CAD
From Amount (GBP)£5,000
Fee:12
Exchange Rate:1.6583 (4.77% from mid-rate)
To Amount (CAD) C$8,271.6
Total Cost:5%
Difference:
C$391 CAD less than using WorldFirst
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer GBP→CAD
From Amount (GBP)£5,000
Fee:15
Exchange Rate:1.6463 (5.46% from mid-rate)
To Amount (CAD) C$8,270
Total Cost:5.01%
Difference:
C$393 CAD less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Santander logo

Santander: Foreign Transfer GBP→CAD
From Amount (GBP)£5,000
Fee:20
Exchange Rate:1.6515 (5.16% from mid-rate)
To Amount (CAD) C$8,224.47
Total Cost:5.54%
Difference:
C$439 CAD less than using WorldFirst
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 

Lloyds TSB logo

Lloyds TSB: Foreign Transfer GBP→CAD
From Amount (GBP)£5,000
Fee:20
Exchange Rate:1.6446 (5.55% from mid-rate)
To Amount (CAD) C$8,190.11
Total Cost:5.93%
Difference:
C$473 CAD less than using WorldFirst
Time:6:01 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 CAD(C$)Exchange RateFee GBPTotal CostDeal Links
Post Office Money Foreign Currency
Post Office Money logo
C$1,668.6
Best Overall
1.668604.18%
Travelex Online UK logo
C$1,668
C$0.6 less
1.668£0^4.21%
Citibank Foreign Currency
Citibank logo
C$1,638.55
C$30 less
1.6551£105.9%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
C$1,624
C$45 less
1.6425£106.73%
Lloyds TSB logo
C$1,621.92
C$47 less
1.6383£106.86%
Santander Foreign Currency
Santander logo
C$1,621.92
C$47 less
1.6383£106.86%
Natwest Bank logo
C$1,613.73
C$55 less
1.6383£157.33%
 

Post Office Money logo

Post Office Money: Travel Money GBP→CAD
From Amount (GBP)£1,000
Fee:0
Exchange Rate:1.6686 (4.18% from mid-rate)
To Amount (CAD) C$1,668.6
Total Cost:4.18%
Time:6:01 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
: /5.0
Reviews:
 

Travelex Online UK logo

Travelex Online UK: Travel Money GBP→CAD
From Amount (GBP)£1,000
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:1.668 (4.21% from mid-rate)
To Amount (CAD) C$1,668
Total Cost:4.21%
Time:
Rate Fetched: Sat Dec 07 2019 06:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Citibank logo

Citibank: Travel Money GBP→CAD
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.6551 (4.95% from mid-rate)
To Amount (CAD) C$1,638.55
Total Cost:5.9%
Time:6:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money GBP→CAD
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.6383 (5.92% from mid-rate)
To Amount (CAD) C$1,624
Total Cost:6.73%
Currency Services:Branch
Delivery/Collect:-
 

Lloyds TSB logo

Lloyds TSB: Travel Money GBP→CAD
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.6383 (5.92% from mid-rate)
To Amount (CAD) C$1,621.92
Total Cost:6.86%
Time:6:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

Santander logo

Santander: Travel Money GBP→CAD
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.6383 (5.92% from mid-rate)
To Amount (CAD) C$1,621.92
Total Cost:6.86%
Time:6:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 

Natwest Bank logo

Natwest Bank: Travel Money GBP→CAD
From Amount (GBP)£1,000
Fee:£15 GBP (Minimum fee)
Exchange Rate:1.6383 (5.92% from mid-rate)
To Amount (CAD) C$1,613.73
Total Cost:7.33%
Time:6:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 12/07/2019 - See full table

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)

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.

 

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