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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 = 1.72 CAD

Sell GBP - Buy CAD  Invert

GBP to CAD - Trading Range (90 Day)
1-DAY ▲ 1.2% (1d)30-DAY HIGH (1d)
GBP/CAD at 1.723 is trading 0.9% above the 90-day average 1.7079 with a range 1.6674 to 1.7599. There are no current rate alerts.
23-Jan-2020 16:NY 21:LON 08:SYD+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$8,571
Best Overall
1.714200.5%
TorFX logo
C$8,473
C$98 less
1.694601.64%
OFX logo
C$8,545
C$26 less
1.709£0^0.8%
HSBC logo
C$8,303.03
C$268 less
1.6631£7.53.61%
Natwest Bank logo
C$8,256.66
C$314 less
1.6563154.15%
Citibank International Money Transfers
Citibank logo
C$8,219.23
C$352 less
1.6478124.58%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
C$8,218
C$353 less
1.6485154.6%
Santander International Money Transfers
Santander logo
C$8,172.18
C$399 less
1.641205.13%
Lloyds TSB logo
C$8,138.32
C$433 less
1.6342205.52%
 
WorldFirst logo
WorldFirst: Foreign Transfer GBP→CAD
From Amount (GBP)£5,000
Fee:
Exchange Rate:1.7142 (0.5% from mid-rate)
To Amount (CAD) C$8,571
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:1.6946 (1.64% from mid-rate)
To Amount (CAD) C$8,473
Total Cost:1.64%
Difference:
C$98 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:1.7090 (0.8% from mid-rate)
To Amount (CAD) C$8,545
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:1.6631 (3.47% from mid-rate)
To Amount (CAD) C$8,303.03
Total Cost:3.61%
Difference:
C$268 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:1.6563 (3.86% from mid-rate)
To Amount (CAD) C$8,256.66
Total Cost:4.15%
Difference:
C$314 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:1.6478 (4.35% from mid-rate)
To Amount (CAD) C$8,219.23
Total Cost:4.58%
Difference:
C$352 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:1.6359 (5.04% from mid-rate)
To Amount (CAD) C$8,218
Total Cost:4.6%
Difference:
C$353 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:1.6410 (4.75% from mid-rate)
To Amount (CAD) C$8,172.18
Total Cost:5.13%
Difference:
C$399 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:1.6342 (5.14% from mid-rate)
To Amount (CAD) C$8,138.32
Total Cost:5.52%
Difference:
C$433 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 01/24/2020 - 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.


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)

In the post UK election euphoria the pound rose to over 1.33 USD and 1.20 EUR but has since dropped back over the uncertainty of what sort of trade deal the UK can realistically negotiate with Europe over the next 11 months.

GBP has given up all of those election result gains as Mr Johnson pledged to outlaw any extension to the UK’s post-Brexit transition period at the end of next year. It appears the Brexit volatility in the pound is set to continue for the foreseable future.

For GBP forecasts and predictions read our British Pound Forecasts summary.

Read more in the article GBP Forecasts.

 

Canadian Dollar (CAD)

The threat of proxy war between the US and Iran in Iraq has pared back some of the gains the Loonie had made coming into the New Year.

The Canadian dollar was range bound during the second half of 2019 oscillating between US75c and US76.5c. Mid-year the loonie stormed ahead in June and July, rising to what turned out to be the 2019 high against the US dollar of US76.7cents 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.

The USMCA was signed by the United States, Mexico and Canadian on November 30 at the G20 Summit in Buenos Aires. Any delay to Canadian ratification of the USMCA trade deal would have likely depressed sentiment on Canada’s currency.

For more details read the full article Canadian dollar news and forecasts.

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