The comparison table above helps you see the total cost of your NAB 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’.
CAD to AUD Market Data
Canadian dollar (CAD) to Australian dollar (AUD) market data - latest interbank exchange rate, trend, chart & historic rates.
Bias: Bearish-to-range-bound.
Key drivers:
• Rate gap: BoC cuts rates; RBA may raise rates, supporting AUD.
• Risk/commodities: Rising oil prices could help CAD, but CAD faces domestic issues.
• Macro factor: Softer Chinese inflation raises demand concerns for AUD exports.
Range: CAD/AUD likely to drift within its recent range, limited volatility expected.
What could change it:
• Upside risk: Sustained oil price rise may boost CAD.
• Downside risk: Continued weak Chinese data could pressure AUD, impacting both currencies
@bestfxrates
CAD to AUD 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 Canadian dollar are worth in Australian dollar across a range of amounts.
This gives a quick view of what you’d get when converting different CAD amounts at today’s rate * :
What is the
best Send Money conversion rate for CAD to AUD?
The best CAD to AUD exchange rate is 1.0691 from OFX . This is -0.49% compared to the mid-market rate 1.0744.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Canadian dollar (CAD) to Australian dollar (AUD) rates from different sources before making a conversion.
The above
NAB - Loonie to Aussie comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
NAB and other foreign exchange providers against the latest CAD-AUD mid-rate and the possible savings of using various providers.
How do NAB CAD-AUD rates compare between providers?
Looking at the full
CAD to AUD - Send Money comparison table the provider with the best CAD to AUD exchange rate is OFX at 1.0691, -0.49% from the latest mid-market rate 1.0744.
The next best is Wise at 1.0682, -0.58% from the mid-rate.
Then XE at 1.068, 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 like NAB 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.