The live mid-rate CAD to GBP exchange rate is 0.5370. Compare currency conversion rates - Reduce FX costs.
The best CAD to GBP exchange rate is our partner deal rate of 0.5343 from OFX . This is -0.5% compared to the mid-market rate 0.5370.
The standard OFX CAD-GBP rate is 0.5264, -2% from the mid-rate. Visit OFX here to secure the better rate.
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 British pound (GBP) rates from different sources before making a conversion.
Looking at our comparison table the best CAD to GBP exchange rate is 0.5343 from OFX, -0.5% from the mid-market rate 0.5370. The next best rate is 0.5338 from XE, -0.6% from the mid-rate. Wise with 0.5332 is -0.71% from the mid-rate.
The Western Union rate is 0.5316 which is -1% from the mid-rate.
Among the banks, the TD Bank rate is 0.5840 at 8.8%, the Scotiabank rate is 0.5188 at -3.4%, and the Royal Bank of Canada rate is 0.5218 at -2.8% 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.
The Loonie to Sterling comparison table above 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 CAD-GBP mid-rate (see Market Data below ) and the possible savings of using various providers.
Canadian dollar (CAD) to British pound (GBP) market data - latest interbank exchange rate, trend, chart & historic rates.
Date | CAD/GBP | Change | Period |
---|---|---|---|
28 Feb 2025 | 0.5499 | 2.7% ▼ | 2 Week |
14 Dec 2024 | 0.5564 | 3.8% ▼ | 3 Month |
14 Mar 2024 | 0.5796 | 7.7% ▼ | 1 Year |
15 Mar 2020 | 0.5850 | 8.5% ▼ | 5 Year |
17 Mar 2015 | 0.5302 | 0.9% ▲ | 10 Year |
19 Mar 2005 | 0.4329 | 23.6% ▲ | 20 Year |
Here are some popular conversion amounts for CAD to GBP (Canadian dollar to British pound)*.
*Converted at the current CADGBP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The recent outlook for the CAD to GBP exchange rate indicates a period of notable volatility and divergence influenced by the respective economic and monetary landscapes of Canada and the UK. Analysts report that the Canadian dollar (CAD) has gained traction following a recent interest rate decision by the Bank of Canada (BoC), which opted for a 25 basis point cut. Despite this reduction, the CAD has shown resilience, buoyed by comments from Governor Tiff Macklem indicating that the central bank is not considering more aggressive cuts. This sentiment, combined with recovering crude oil prices, suggests potential for further strengthening of the CAD, particularly as Canada is a significant oil exporter. Currently, the oil price stands at USD 70.58, which is 6.0% below its three-month average, adding a layer of complexity to CAD movements, as fluctuations in oil prices directly impact the currency's value.
Read our full review of recent CAD to GBP forecasts.
There are several ways to save on exchange rates when converting Canadian dollar to British pound:
Generally speaking, if you are buying British pound with Canadian dollar, then it's better for the CAD/GBP 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.
Read our Currency guide to the United Kingdom — a practical currency and money guide to travel in the United Kingdom plus living and doing business with the British pound.
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.
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/GBP to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
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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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