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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($)Exchange RateFee GBPTotal CostDeal Links
OFX logo
8,362.5 CAD
Best Overall
1.6725£0^0.91%
HSBC logo
8,186.7 CAD
176 CAD
1.6398£7.52.99%
Natwest Bank logo
8,141 CAD
221 CAD
1.6331153.53%
Citibank International Money Transfers
Citibank logo
8,104.5 CAD
258 CAD
1.6248123.96%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
8,105 CAD
257 CAD
1.6258153.96%
Santander International Money Transfers
Santander logo
8,058.14 CAD
304 CAD
1.6181204.51%
Lloyds TSB logo
8,032.74 CAD
330 CAD
1.613204.81%
 
OFX: Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.6725 (0.91% from mid-rate)
CAD amount:8,362.5 CAD
Total Cost:0.91%
Time:
Rate Fetched: Mon Jun 17 2019 06:09:15 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:£7.5 GBP (.15%)
Exchange Rate:1.6398 (2.84% from mid-rate)
CAD amount:8,186.7 CAD
Total Cost:2.99%
Difference:
176 CAD less than using OFX
Time:8:24 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:1.6331 (3.24% from mid-rate)
CAD amount:8,141 CAD
Total Cost:3.53%
Difference:
221 CAD less than using OFX
Time:8:24 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:1.6248 (3.73% from mid-rate)
CAD amount:8,104.5 CAD
Total Cost:3.96%
Difference:
258 CAD less than using OFX
Time:8:24 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:1.6130 (4.43% from mid-rate)
CAD amount:8,105 CAD
Total Cost:3.96%
Difference:
257 CAD less than using OFX
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:1.6181 (4.13% from mid-rate)
CAD amount:8,058.14 CAD
Total Cost:4.51%
Difference:
304 CAD less than using OFX
Time:8:24 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:1.6130 (4.43% from mid-rate)
CAD amount:8,032.74 CAD
Total Cost:4.81%
Difference:
330 CAD less than using OFX
Time:8:24 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 06/17/2019 - 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($)Exchange RateFee GBPTotal CostDeal Links
Travelex Online UK logo
1,626.3 CAD
Best Overall
1.6263£0^3.64%
Citibank Foreign Currency
Citibank logo
1,588.26 CAD
38 CAD
1.6043£105.9%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
1,574 CAD
52 CAD
1.5921£106.73%
Lloyds TSB logo
1,572.12 CAD
54 CAD
1.588£106.85%
Santander Foreign Currency
Santander logo
1,572.12 CAD
54 CAD
1.588£106.85%
Natwest Bank logo
1,564.18 CAD
62 CAD
1.588£157.32%
Travelex Online UK: Travel Money GBP→CAD
GBP amount:£1,000 GBP
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:1.6263 (3.64% from mid-rate)
CAD amount:1,626.3 CAD
Total Cost:3.64%
Time:
Rate Fetched: Mon Jun 17 2019 06:15:03 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:1.6043 (4.95% from mid-rate)
CAD amount:1,588.26 CAD
Total Cost:5.9%
Time:8:24 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:1.5880 (5.91% from mid-rate)
CAD amount:1,574 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:1.5880 (5.91% from mid-rate)
CAD amount:1,572.12 CAD
Total Cost:6.85%
Time:8:24 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:1.5880 (5.91% from mid-rate)
CAD amount:1,572.12 CAD
Total Cost:6.85%
Time:8:24 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:1.5880 (5.91% from mid-rate)
CAD amount:1,564.18 CAD
Total Cost:7.32%
Time:8:24 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 06/17/2019 - See full table

GBP to CAD interbank exchange rate = 1.6878

 
 

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)

The pound slipped to a 5-month low of 1.12 euros in June. Against the US dollar, it climbed away from May’s multi-month low of $1.256 to $1.27, but was still 5 percent lower than March's high of $1.338.

Brexit paralysis in the UK has led to declines in business investment and two months of economic contraction (for the months of March and April).

Pound valuations will continue to fluctuate based on No-deal, Deal and Remain probabilities. No-deal prospects may increase if, as is predicted by betting markets, 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 receiving some support from the Bank of England which, surprisingly, is the only major central bank to be considering raising interest rates this year.

Read more in the article GBP Forecasts.

 

Canadian Dollar (CAD)

It’s been a mixed bag of late for the Canadian dollar, with geopolitical risks, global interest rates and matters affecting global trade, rather than commodities or Canadian economic data, most influencing CAD rates.

In April and May, the loonie lost out slightly (by roughly 1 percent) against the US dollar and euro, but made small progress against the pound and Australian dollar.

For CAD, investors said in early June that they did not like the recent escalation in US-China trade tensions, which threatens the outlook for global trade and for commodities; nor did they like Washington’s announcement in late May of a 5 percent tariff on all Mexican goods — an illegal move under the new NAFTA 2.0 free-trade deal which some suspect might see the deal torn up.

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