Best GBP to CAD Exchange Rates - Compare & Save

In this pound to CAD rate guide:

GBP to CAD - Rate Calculator

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.

This exchange rate calculator makes it easy to compare the Total Cost you are being charged on pound to CAD currency rates and the possible savings of using various providers.

Loading comparison rates...

Provider	Amounts	Rate	Total Cost

GBP/CAD Analysis

Pound Sterling to Canadian dollar FX market data and key indicators - Interbank rate, charts, forecasts & historic rates and trends.

1 GBP = CAD

GBP to CAD at 1.6878 is 2.8% above its 3-month average of 1.6416, having fluctuated within a 4.8% range of 1.6106-1.6878

24-MAR 6PM-NY 10PM-LON 25-MAR 6AM-HK 9AM-SYD

Sell GBP → Buy CAD

Track Rate

1 CAD = 0.5925 GBP

90-DAY▲HIGH

GBP/CAD Forecasts

Based on recent FX analyst forecasts, the Canadian dollar has been struggling against the US dollar due to the risk-on and risk-off environments in financial markets, which are not necessarily reflective of the fundamentals in the US and Canada. There are continued housing price declines and adverse wealth effects that could put further negative pressure on the Canadian dollar in 2023. Meanwhile, the GBP to CAD exchange rate is currently trading 2.7% above its 3-month average of 1.6411, fluctuating within a 4.6% range of 1.6106-1.6853.

With these factors in mind, it is difficult to predict a clear outlook for GBP to CAD. However, it is worth monitoring any updates and shifts in the risk-on and risk-off environment in financial markets, as well as any economic indicators related to the Canadian housing market, which could affect the CAD's value. Overall, it is important to keep an eye on the exchange rate and consider making international money transfers when the rate suits your needs.

Date	GBP/CAD	Change	Period
10 Mar 2023	1.6676	1.2% ▲	2 Week
24 Dec 2022	1.6446	2.6% ▲	3 Month
24 Mar 2022	1.6520	2.2% ▲	1 Year
25 Mar 2018	1.8223	7.4% ▼	5 Year
26 Mar 2013	1.5434	9.4% ▲	10 Year
29 Mar 2003	2.3051	26.8% ▼	20 Year

GBP/CAD historic rates & change to 24-Mar-2023

How to get a good GBP to CAD exchange rate

There are several ways to save on exchange rates when converting Pound Sterling to Canadian dollar:

Shop around for the best GBP/CAD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
Timing is important: Keep an eye on the GBP/CAD rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both GBP and CAD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Canadian dollar with Pound Sterling, then it's better for the GBP/CAD exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

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.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Will the Pound Sterling rise against the Canadian dollar?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add GBP/CAD to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

Manage My Rates

Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.

You can also read our practical guide to getting the Best Deals for your Foreign Transfers and Travel Money to Canada.

Pound Sterling & Canadian dollar - Country Guides

United Kingdom (GBP)

Canada (CAD)

Here are a few things to consider when sending money to Canada:

Fees: Different banks and money transfer services charge different fees for international money transfers. Shop around to find the best deal and compare the fees charged by different providers.
Exchange rate: The exchange rate is the rate at which one currency is converted into another. Keep an eye on the exchange rate when sending money to Canada, as it can fluctuate and impact the amount of money you receive.
Transfer speed: Some money transfer providers offer faster transfer speeds than others. If you need the money to arrive in Canada quickly, consider a provider that offers expedited transfer speeds for an additional fee.
Read more at our Canada (CAD) country guide