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    Best CAD to AUD Exchange Rates

    The best CAD to AUD exchange rate is 1.1215. We compare conversion costs to this mid-market rate and other FX providers, find better deals.

    In this loonie to Aussie (CAD/AUD) rate guide:

    Compare exchange rates   CAD to AUD

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to Australian dollar (AUD) rates from different sources before making a conversion.

    The below Rate Comparison Table makes it easy to compare the Total Cost you are being charged on loonie to Aussie currency rates and the possible savings of using various providers.


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    @bestfxrates : 📉 #CADtoAUD faces potential undervaluation as CIBC sees headwinds with a year-end forecast of 1.31 USD/CAD. Scotiabank notes CAD didn't hit Q3 targets but may recover by year-end with BoC rate hikes. Meanwhile, AUD strengthens on favorable conditions & expected RBA rate hikes. Current rate at 1.1114, below 3-mo avg, signals cautious sentiment. Oil price volatility adds to CAD's challenges. #Forex #CurrencyUpdate #MarketInsight

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    CAD to AUD Market Data

    Canadian dollar (CAD) to Australian dollar (AUD) market data - latest interbank mid-rate, trend, chart & historic rates.

    1 CAD =
    1.1215We compare provider deals to this wholesale mid-market rate. Read more
    CAD to AUD is at 14-day highs near 1.1217, 1.5% below its 3-month average of 1.1378, having traded in a quite stable 5.2% range from 1.1086 to 1.1662
    Sell CAD   →   Buy AUD
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    14-DAY HIGH
    1-DAY +0.9%
    20 Nov 2023
    0.5% 2 Week
    05 Sep 2023
    3% 3 Month
    04 Dec 2022
    2.3% 1 Year
    05 Dec 2018
    8.4% 5 Year
    06 Dec 2013
    8.1% 10 Year
    09 Dec 2003
    8% 20 Year
    CAD/AUD historic rates & change to 04-Dec-2023

    Forecasts for CAD to AUD

    CADAUD chart
    14-DAY HIGH
    1-DAY +0.9%

    The outlook for the CAD to AUD exchange rate suggests a period of relative undervaluation for the Canadian dollar, overshadowed by a potentially strengthening Australian dollar. CIBC Capital Markets' recent forecast adjustment for the USD/CAD exchange rate indicates that the Canadian dollar may face headwinds into 2024, expecting a year-end rate of 1.31 USD/CAD, pointing towards US dollar strength. Scotiabank analysts also observed that the Canadian dollar did not meet its Q3 2023 expectations against the US dollar, indicating a possible underestimation of the Canadian economy's core strengths and potential Bank of Canada interest rate hikes. This could pivot the currency's trajectory by year-end to a stronger position if the market prices in these adjustments, especially given Canada's robust employment figures and discussion of further monetary tightening by the BoC.

    Read our full CAD to AUD forecasts analysis

    AUD to CAD flags

    How to get a good CAD to AUD exchange rate

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

    1. Shop around for the best CAD/AUD 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.
    2. Timing is important: Keep an eye on the CAD/AUD 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.
    3. 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.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both CAD and AUD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. 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 Australian dollar with Canadian dollar, then it's better for the CAD/AUD 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 Canadian dollar rise against the Australian 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 CAD/AUD to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

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    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.

    Read our Currency guide to Australia - a practical currency and money guide to travel, living and doing business in Australia with the Australian dollar.


    Country Currency Guides

    AustraliaAustralia (AUD)CanadaCanada (CAD)Christmas IslandChristmas Island (AUD)
    Cocos Keeling IslandsCocos Keeling Islands (AUD)Heard and McDonald IslandsHeard and McDonald Islands (AUD)KiribatiKiribati (AUD)
    NauruNauru (AUD)Norfolk IslandNorfolk Island (AUD)TuvaluTuvalu (AUD)

    What are the limits on Sending Money to and from Australia?

    There are no limits on the amount of money that can be sent to or from Australia. However, there may be fees and exchange rates that apply when sending money internationally, and these costs can vary depending on the method of transfer and the country where the money is being sent.

    If you are sending a large amount of money to or from Australia, it is a good idea to compare the fees and exchange rates offered by different money transfer providers to find the most cost-effective option.

    Read more at our Australia (AUD) country guide


    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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