Understanding the Table:
The comparison table above helps you see the total cost of your Bank of America 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’.
British pound (GBP) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.
GBP/CAD Outlook: Slightly positive, but likely to move sideways, as the rate is just above its recent average and lacks a clear strong driver.
GBP/USD Outlook: The outlook for GBP/USD is likely to increase as the exchange rate is above its recent average and near recent highs, supported by positive...
USD/CAD Outlook: Bearish, as the rate is currently near 90-day lows and significantly below its recent average.
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in Canadian dollar across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
*Converted at the current GBP-CAD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best GBP to CAD exchange rate is 1.854 from Wise. This is -0.39% compared to the mid-market rate 1.8613.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to Canadian dollar (CAD) rates from different sources before making a conversion.
The above Bank of America - Sterling to Loonie comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Bank of America and other foreign exchange providers against the latest GBP-CAD mid-rate and the possible savings of using various providers.
Looking at the full GBP to CAD - Send Money comparison table the provider with the best GBP to CAD exchange rate is Wise at 1.854, -0.39% from the latest mid-market rate 1.8613.
The next best is OFX at 1.852, -0.5% from the mid-rate.
Then XE at 1.8502, which is -0.6% from the mid-rate.
The Western Union rate is 1.8427 which is -1% from the mid-rate.
Among the banks the Lloyds Bank rate is 1.7712 at -4.8% the Royal Bank of Scotland rate is 1.7823 at -4.2% and the Barclays Bank rate is 1.7948 at -3.6% compared to the mid-rate 1.8613.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Bank of America 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.
View a full list of exchange rates by selecting your Base (from) currency:
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