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Best Exchange Rates

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Compare GBP to CAD foreign transfers

Use our comparison table to find the best exchange rates for Canadian Dollar foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
£GBP
$CAD

Compare Deals
Foreign Transfer Providers
Ratings & Reviews
Receive CAD($)Exchange RateFee GBPTotal CostTransfer ServicesTransfer SpeedDeal Links
 
WorldFirst logo
8,539 CAD
Best Overall
1.707800.4%Bank Transfers - Online & Phone1-2 days
 
OFX logo
8,451.5 CAD
87 CAD
1.6903£0^1.42%Bank Transfers - Online & Phone1-2 days
 
TorFX logo
8,447 CAD
92 CAD
1.689401.48%Bank Transfers - Online & Phone1-2 days
 
TransferWise logo
8,528.92 CAD
10 CAD
1.7147£260.52%Bank Transfers - Online1-2 days
 
Currencies Direct logo
8,443 CAD
96 CAD
1.688601.52%Bank Transfers - Online & Phone1-2 days
HSBC logo
8,274.07 CAD
265 CAD
1.6573£7.53.49%Online, Branch, Bank Transfers2-3 days
 
Natwest Bank logo
8,227.74 CAD
311 CAD
1.6505154.03%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
8,191 CAD
348 CAD
1.6430154.46%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
8,190.3 CAD
349 CAD
1.642124.47%Online, Branch, Bank Transfers2-3 days
 
Santander logo
8,143.3 CAD
396 CAD
1.6352205.02%Online, Branch, Bank Transfers2-3 days
 
Lloyds TSB logo
8,118.4 CAD
421 CAD
1.6302205.31%Online, Branch, Bank Transfers2-3 days
 
CurrencyFair logo
Your amount above the CurrencyFair GBP3000 maximum
NaN CAD
WorldFirst: Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:
Exchange Rate:1.7078 (0.4% from mid-rate)
CAD amount:8,539 CAD
Total Cost:0.4%
Time:12:11 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.6/5.0
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:1.6903 (1.42% from mid-rate)
CAD amount:8,451.5 CAD
Total Cost:1.42%
Difference:
87 CAD less than using WorldFirst
Time:
Rate Fetched: Sat Feb 23 2019 10:10:05 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
TorFX: Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:
Exchange Rate:1.6894 (1.48% from mid-rate)
CAD amount:8,447 CAD
Total Cost:1.48%
Difference:
92 CAD less than using WorldFirst
Time:12:11 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
TransferWise: Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:£26 GBP (0.5% + £1)
Exchange Rate:1.7147 undefined
CAD amount:8,528.92 CAD
Total Cost:0.52%
Difference:
10 CAD less than using WorldFirst
Time:12:11 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online
Rating:
 
: 4.6/5.0
Reviews:
Currencies Direct: Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:
Exchange Rate:1.6886 (1.52% from mid-rate)
CAD amount:8,443 CAD
Total Cost:1.52%
Difference:
96 CAD less than using WorldFirst
Time:12:11 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.3/5.0
Reviews:
HSBC: Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:£7.5 GBP (.15%)
Exchange Rate:1.6573 (3.35% from mid-rate)
CAD amount:8,274.07 CAD
Total Cost:3.49%
Difference:
265 CAD less than using WorldFirst
Time:12:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Natwest Bank: Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:1.6505 (3.74% from mid-rate)
CAD amount:8,227.74 CAD
Total Cost:4.03%
Difference:
311 CAD less than using WorldFirst
Time:12:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 

Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo

Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:1.6302 (4.93% from mid-rate)
CAD amount:8,191 CAD
Total Cost:4.46%
Difference:
348 CAD less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Citibank: Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:12
Exchange Rate:1.6420 (4.24% from mid-rate)
CAD amount:8,190.3 CAD
Total Cost:4.47%
Difference:
349 CAD less than using WorldFirst
Time:12:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Santander: Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:1.6352 (4.64% from mid-rate)
CAD amount:8,143.3 CAD
Total Cost:5.02%
Difference:
396 CAD less than using WorldFirst
Time:12:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
Lloyds TSB: Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:1.6302 (4.93% from mid-rate)
CAD amount:8,118.4 CAD
Total Cost:5.31%
Difference:
421 CAD less than using WorldFirst
Time:12:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
CurrencyFair: Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:GBP 7.5 (0.15%)
Transfer Speed:1 day
Services:Bank Transfers - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in the UK by the FCA for the provision of payment services. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/23/2019

1 GBP = 1.7142 CAD

This is the current GBP-CAD mid-market exchange rate. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market GBP-CAD exchange rate.

3 Month Chart
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Currency news and forecasts for British Pound Sterling and Canadian Dollar

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.

So it follows that if you are determining the best time to transact, in this case the GBP vs CAD, you should pay attention to both British Pound Sterling and Canadian Dollar news and forecasts.

British Pound Sterling (GBP) - Market news and forecasts

20-February-19: Given Brexit uncertainties, 2018 wasn’t too bad of a year for the pound. Although it lost 7.5 percent of its value against the US dollar, it only lost 1.9 percent against the euro and gained nearly 3 percent against the Australian dollar.

In early 2019, the pound has been resilient, having gained several percent against most of the other G10 currencies despite UK politics being in a state of disarray and with all Brexit options still on the table. Sterling remains well down when compared with its recent history though: at the time of writing, against the US dollar it was 12 percent lower than levels prior to the UK’s EU referendum in June 2016.

Pound forecasts are futile given uncertainties over Brexit but estimates can be made for different outcomes. Currency analysts at HSBC said in February that sterling would be valued at levels near US$1.10 in the event of no-deal, near US$1.45 with a deal and at US$1.55 should Article 50 be revoked and Brexit cancelled. GBP/USD was quoted at US$1.305 at the time of this report.

Canadian Dollar (CAD) - Market news and forecasts

7-February-19: January was a fantastic month for the Canadian dollar. A gain of 4 percent relative to the US dollar took USD/CAD away from 19-month highs near C$1.365 into the low C$1.31s.

A recovery in the oil market has played a big part in the loonie’s 2019 recovery. By the time of this report, oil had gained nearly $12 per barrel, or 23 percent, on 2018 lows. The price of oil remains vital to Canada’s economy; it had fallen by as much as 40 percent in the October-December period.

Going forward, risks to the Canadian dollar include, of course, oil, and the return of global trade tensions.

Towards the end of 2018, Goldman Sachs predicted a strong energy market rebound in 2019 — more so than has already been realised — and this would underpin Canada’s currency.

In February, Westpac reaffirmed its view that the Canadian dollar would be an outperformer in 2019. Canada’s growth picture is more secure than those of the eurozone, UK or Australia, Westpac believes, and as a result, the Bank of Canada will be more hawkish this year relative to other G10 central banks, driving CAD appreciation.

Currency News and Forecasts - British Pound Sterling

Pound at 2-Week High Ahead of May-Juncker Brexit Meeting
Euro to Strike 20-Month Low This Week; $1.12 Beckons
HSBC Cuts Australian Dollar Forecast; Aussie to Buy Only US66¢ at Year-End
China’s Ant Financial Acquires WorldFirst
New Zealand Dollar Jumps After RBNZ Says It Won’t Lower Interest Rates
Dollar Optimism Drives Markets