The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
AUD to CAD Market Data
Australian dollar (AUD) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the AUD to CAD Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Australian dollar against the Canadian dollar is to review how the AUD/CAD rate has changed over time.
The table below shows the percentage change in the AUD to CAD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
Current market bias for AUD to CAD is range-bound as both currencies exhibit stability. The RBA aims to increase interest rates to combat rising inflation, making the AUD more attractive, while the Bank of Canada remains steady amid cautious optimism. CAD's strength is impacted by a drop in oil prices, which is a crucial factor for its value.
Expect trading to hover around current averages in the near term. Upside risks include a recovery in oil prices boosting the CAD, while downward risks could emerge from a decline in risk sentiment affecting the AUD. Monitoring economic updates from both regions will be key for traders.
Tweet: AUD/CAD remains range-bound as RBA hints at rate hikes to tackle inflation, while BoC stays steady. Oil price drops may weigh on CAD strength. Watch for shifts in commodity trends & economic data from both Canada & Australia for exchange rate updates
@bestfxrates
AUD to CAD Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Australian dollar are worth in Canadian dollar across a range of amounts.
This gives a quick view of what you’d get when converting different AUD amounts at today’s rate * :
What is the
best Send Money conversion rate for AUD to CAD?
The best AUD to CAD exchange rate is 0.9132 from Wise. This is -0.47% compared to the mid-market rate 0.9175.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Australian dollar (AUD) to Canadian dollar (CAD) rates from different sources before making a conversion.
The above
Aussie to Loonie comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest AUD-CAD mid-rate and the possible savings of using various providers.
How do AUD-CAD rates compare between providers?
Looking at the full
AUD to CAD - Send Money comparison table the provider with the best AUD to CAD exchange rate is Wise at 0.9132, -0.47% from the latest mid-market rate 0.9175.
The next best is OFX at 0.9129, -0.5% from the mid-rate.
Then XE at 0.912, which is -0.6% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.