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Scotiabank CAD to GBP Exchange Rates Compared Live

The best CAD to GBP exchange rate is 0.5819. Compare Scotiabank foreign transfer and currency exchange rates, find better rates & deals.

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Scotiabank - Comparing CAD-GBP exchange rates

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

The above Scotiabank Loonie to Sterling comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest CAD-GBP mid-rate (see below) and the possible savings of using another provider.

Scotiabank Canadian dollar to Pound Sterling (CADGBP) rate guide contents:

 

Scotiabank at a glance

Scotiabank is a Canadian multinational bank and a leading financial institution in North and South America. The bank offers a wide range of financial products and services to individuals, businesses, and institutions, including banking, investment, and insurance services.

One of the financial products offered by Scotiabank is wire transfers. Wire transfers are a secure and fast way to transfer funds between banks in different countries. With Scotiabank wire transfers, you can send money to over 100 countries in a variety of currencies.

When you get a quote for your Wire Transfer from Scotiabank on their website or in-app, you can also see the Scotiabank exchange rate, but it can be difficult to then calculate how much markup from the market rate you are being charged.

Our research shows that on average, Scotiabank profit margin for foreign exchange rates is somewhere between 3 - 8%, depending on the amount you're sending, where you're sending it to and which currency will be received.

While all banks in Canada charge this markup, the extra amount being charged is much higher than it would be with a global money transfer specialist.

 
 
@bestfxrates : πŸ“‰ #CADGBP has been trading sideways amidst weak Canadian retail sales & the loonie's dependence on oil prices. Despite oil uptick, economic indicators led to a correction in early 2024. #GBP faces mixed signals with a volatile path ahead due to UK politics & Brexit. CIBC predicts a stronger USD in '24 but potential CAD strength in '25, while HSBC & Barclays foresee a bearish Pound. Watch for oil-driven CAD swings & GBP volatility. #Forex #CurrencyTrading

Multi-Vendor Quote

We can help you get an even better deal when sending a Large International Money Transfer.

Click below for the Request Quotes form and enter your transfer details (BER account required).

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Save time and money - fewer websites to visit and you get a much better exchange rate & service.

 
 

CAD to GBP Market Data

Canadian dollar (CAD) to Pound Sterling (GBP) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 CAD =
0.5819We compare provider deals to this wholesale mid-market rate. Read more
GBP
+0.1%
πŸ“‰1M
CAD to GBP at 0.5824 is just 0.8% below its 3-month average of 0.5873, having traded in a very stable 2.4% range from 0.5813 to 0.5953
|
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DateCAD/GBPChangePeriod
16 Feb 2024
0.5883
1% β–Ό2 Week
02 Dec 2023
0.5833
0.1% β–Ό3 Month
02 Mar 2023
0.6154
5.3% β–Ό1 Year
03 Mar 2019
0.5686
2.5% β–²5 Year
04 Mar 2014
0.5412
7.7% β–²10 Year
06 Mar 2004
0.4107
41.9% β–²20 Year
CAD/GBP historic rates & change to 01-Mar-2024
 

What are equivalent amounts of CAD and GBP?

Here are some popular conversion amounts for CAD to GBP (Canadian dollar to Pound Sterling)*.

CAD GBP
C$ 1 £ 0.5819
C$ 5 £ 2.9095
C$ 10 £ 5.8190
C$ 20 £ 11.64
C$ 50 £ 29.10
C$ 100 £ 58.19
C$ 250 £ 145.48
C$ 500 £ 290.95
C$ 1,000 £ 581.90
C$ 2,000 £ 1,164
C$ 5,000 £ 2,910
C$ 10,000 £ 5,819
C$ 20,000 £ 11,638
C$ 50,000 £ 29,095
C$ 100,000 £ 58,190
CAD GBP
C$ 1.7186 £ 1
C$ 8.5930 £ 5
C$ 17.19 £ 10
C$ 34.37 £ 20
C$ 85.93 £ 50
C$ 171.86 £ 100
C$ 429.65 £ 250
C$ 859.30 £ 500
C$ 1,719 £ 1,000
C$ 3,437 £ 2,000
C$ 8,593 £ 5,000
C$ 17,186 £ 10,000
C$ 34,372 £ 20,000
C$ 85,930 £ 50,000
C$ 171,860 £ 100,000

More amounts

*Converted at the current CADGBP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for CAD to GBP

 

The Canadian Dollar (CAD) has been relatively stagnant against the British Pound (GBP) recently, trading sideways as retail sales missed forecasts, and oil prices continue to be a significant driver for the loonie. The CAD has faced headwinds due to weaker domestic data, US Dollar strength, and shifting Federal Reserve interest rate expectations, leading to a retreat from its gains at the end of 2023. Despite an uptick in oil prices, the CAD struggled as domestic economic indicators fell short of expectations, prompting a correction in early 2024.

Read our full review of recent CAD to GBP forecasts.

 

How to get a good CAD to GBP exchange rate

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

  1. Shop around for the best CAD/GBP 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/GBP 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 GBP 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 Pound Sterling 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.

Will the Canadian dollar rise against the Pound Sterling?

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.

 
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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; UpπŸ“ˆ or DownπŸ“‰ 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 Pound Sterling.

 
 
 

Country Currency Guides

United KingdomUnited Kingdom (GBP)CanadaCanada (CAD)GuernseyGuernsey (GBP)
Isle of ManIsle of Man (GBP)JerseyJersey (GBP)South Georgia and South Sandwich IslandsSouth Georgia and South Sandwich Islands (GBP)
 

How is the expat life in the UK?

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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