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Compare GBP to CAD foreign transfers

Save with best rates & low fees on Canadian Dollar foreign transfers versus the Banks

 

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Compare GBP to CAD Foreign Transfers vs the Banks

Foreign Transfer ProvidersAmount CAD($)Exchange RateFee GBPTotal CostTransfer ServicesTransfer SpeedReviewsDeal Links
OFX logo
8,304 CAD
Top Provider
1.6608£0^1.42%Bank Transfers - Online & Phone1-2 days
 
TorFX logo
8,300 CAD
$4 less
1.6601.47%Bank Transfers - Online & Phone1-2 days
 
HSBC logo
8,129.79 CAD
$174 less
1.6284£7.53.49%Online, Branch, Bank Transfers2-3 days
Natwest Bank logo
8,084.17 CAD
$220 less
1.6217154.03%Online, Branch, Bank Transfers2-3 days
 
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
8,048 CAD
$256 less
1.6144154.46%Online, Branch, Bank Transfers2-3 days
Citibank
Citibank logo
8,047.64 CAD
$256 less
1.6134124.47%Online, Branch, Bank Transfers2-3 days
Santander logo
8,001.37 CAD
$303 less
1.6067205.02%Online, Branch, Bank Transfers2-3 days
 
Lloyds TSB logo
7,976.96 CAD
$327 less
1.6018205.31%Online, Branch, Bank Transfers2-3 days
 
 
OFX: Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.6608 (1.42% from mid-rate)
CAD amount:8,304 CAD
Total Cost:1.42%
Time:
Rate Fetched: Sun Dec 16 2018 16:09:24 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:1.6600 (1.47% from mid-rate)
CAD amount:8,300 CAD
Total Cost:1.47%
Difference:
$4 less than using OFX
Time:18:11 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
HSBC: Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:£7.5 GBP (.15%)
Exchange Rate:1.6284 (3.35% from mid-rate)
CAD amount:8,129.79 CAD
Total Cost:3.49%
Difference:
$174 less than using OFX
Time:18:11 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:1.6217 (3.75% from mid-rate)
CAD amount:8,084.17 CAD
Total Cost:4.03%
Difference:
$220 less than using OFX
Time:18:11 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:1.6018 (4.93% from mid-rate)
CAD amount:8,048 CAD
Total Cost:4.46%
Difference:
$256 less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Citibank: Foreign Transfer GBP→CAD
GBP amount:£5,000 GBP
Fee:12
Exchange Rate:1.6134 (4.24% from mid-rate)
CAD amount:8,047.64 CAD
Total Cost:4.47%
Difference:
$256 less than using OFX
Time:18:11 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:1.6067 (4.64% from mid-rate)
CAD amount:8,001.37 CAD
Total Cost:5.02%
Difference:
$303 less than using OFX
Time:18:11 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:1.6018 (4.93% from mid-rate)
CAD amount:7,976.96 CAD
Total Cost:5.31%
Difference:
$327 less than using OFX
Time:18:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/16/2018.
Total Cost = Fee + exchange rate margin vs GBP/CAD mid-rate: 1.6848

This calculator compares exchange rates for GBP to CAD international money transfers. You can also compare GBP to CAD travel money rates or use our quick and easy GBP to CAD currency converter instead.

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

10-December-18: UK politics was in a state of disarray in December and a no-deal Brexit was looking ever more likely. As a result, sterling struck a 20-month low against the dollar ($1.251) and a 3-1/2-month low against the euro (€1.1). Against each of its peers, sterling had been worth 17 percent more prior to the UK’s EU referendum in June 2016.

The Bank of England has predicted a shocking 25 percent loss in the pound’s value in the event of a “disorderly” no-deal Brexit, under which there will be serious border delays and a marked loss of confidence in Britain’s financial institutions.

In the more likely event of a milder, “disruptive” no-deal Brexit, under which goods face tariffs but flow somewhat easily, sterling still loses 15 percent, the BoE believes.

How likely is no-deal? It’s highly likely unless Prime Minister May achieves a time-limited backstop; British MPs will not accept much else. This will be difficult for May to achieve — EU negotiators have already said that their previous offer was the last and only offer — and little time remains, with Brexit scheduled for March-29.

Canadian Dollar (CAD) - Market news and forecasts

5-December-18: In early December, the Canadian dollar traded at C$1.34 per USD — its weakest level in 18 months. It did so after traders revised down their expectations for future Canadian interest rate hikes following a dovish Bank of Canada meeting.

Also not helping the loonie in late 2018 has been the oil price which, by the time of this report, had slumped 30 percent from 2018 highs. Oil is Canada’s largest export.

In December, several FX analysts expressed a belief that inevitable OPEC production cuts will create a rebound in the oil market, which will drive the Canadian dollar higher throughout 2019.

Risks to the Canadian dollar include, of course, oil, and the return of global trade tensions. Tensions eased in early December when US and Chinese leaders agreed to suspend tariff increases for 3 months.

Also in December, Citibank offered a “long-term” (>18 months) forecast for USD/CAD of 1.2, representing potential CAD appreciation of 12 percent.