The best CAD to GBP exchange rate is 0.5547. Compare foreign transfer and currency exchange rates, find better rates & deals.
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Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to British pound (GBP) rates from different sources before making a conversion.
The above loonie to sterling comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and foreign exchange providers against the latest CAD-GBP mid-rate (see Market Data below ) and the possible savings of using a different provider.
Canadian dollar (CAD) to British pound (GBP) market data - latest interbank exchange rate, trend, chart & historic rates.
Date | CAD/GBP | Change | Period |
---|---|---|---|
30 Sep 2024 | 0.5526 | 0.4% ▲ | 2 Week |
16 Jul 2024 | 0.5636 | 1.5% ▼ | 3 Month |
15 Oct 2023 | 0.6030 | 8% ▼ | 1 Year |
16 Oct 2019 | 0.5908 | 6.1% ▼ | 5 Year |
17 Oct 2014 | 0.5510 | 0.7% ▲ | 10 Year |
19 Oct 2004 | 0.4413 | 25.8% ▲ | 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 exchange rate for CAD to GBP has recently seen a decline, with current trading levels around 0.5550, which is 1.1% below the 3-month average of 0.5614 and at 7-day lows. FX analysts note that the Canadian dollar (CAD) appears muted despite positive employment data, suggesting a lack of robust support for the currency. This situation is compounded by the ongoing slide in global oil prices, with the price of oil currently at $75.26—2.7% below the average of the last three months. As oil is a crucial export for Canada, further declines in prices could hinder the CAD’s strength against the GBP in the coming days.
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.
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.
Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
Read our Currency guide to the United Kingdom - a practical currency and money guide to travel, living and doing business in the United Kingdom with the British pound.
United Kingdom (GBP) | Canada (CAD) | Guernsey (GBP) |
Isle of Man (GBP) | Jersey (GBP) | South Georgia and South Sandwich Islands (GBP) |
Expat life in the UK can be a positive experience, as the country is known for its rich history, culture, and diverse society. It also offers a high standard of living and a strong economy. However, as with any move to a new country, there can be challenges to overcome.
One of the biggest challenges for expats in the UK is the weather, as it can be unpredictable and quite damp, especially in the winter. Additionally, the cost of living in the UK, particularly in the larger cities such as London, can be high.
Read more at our United Kingdom (GBP) 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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