The best CAD to GBP rate is 0.5833, and is the current mid-market exchange rate. We help you compare TD Bank Canadian dollar to Pound Sterling rates and costs to this live market rate.
In this TD Bank loonie to Sterling (CAD/GBP) rate guide:
CAD to GBP 
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 below TD Bank Rate Comparison Table makes it easy to compare the Total Cost you are being charged on TD Bank loonie to Sterling currency rates and the possible savings of using various providers.
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TD Bank offer competitive exchange rates on over 50 foreign currencies for travel money and transfers via their online internet banking at their branches.
As usual non-cash rates for transfers are better than Travel Money (Cash) Rates. This reflects the costs and risks associated with shipping, handling and holding foreign currency in cash.
TD Bank publish their CAD and USD exchange rates here. These Non-Cash rates are available to TD bank clients only and apply to the conversion of paper and electronic instruments such as wire transfers, cheques, drafts, etc.
Canadian dollar (CAD) to Pound Sterling (GBP) market data - latest interbank mid-rate, trend, chart & historic rates.
| Date | CAD/GBP | Change | Period |
|---|---|---|---|
17 Nov 2023 | 0.5850 | 0.3% ▼ | 2 Week |
02 Sep 2023 | 0.5854 | 0.4% ▼ | 3 Month |
01 Dec 2022 | 0.6071 | 3.9% ▼ | 1 Year |
02 Dec 2018 | 0.5916 | 1.4% ▼ | 5 Year |
03 Dec 2013 | 0.5733 | 1.7% ▲ | 10 Year |
06 Dec 2003 | 0.4441 | 31.3% ▲ | 20 Year |
Recent forecasts from CIBC Capital Markets and Scotiabank indicate some headwinds for the Canadian Dollar (CAD) in the near term against the US Dollar, which could also have implications for the CAD to GBP exchange rate. CIBC Capital Markets expects the CAD to weaken, with their year-end forecast for the USD/CAD rate in 2024 being raised to 1.31, up from 1.28. They also highlight optimism for the CAD in 2025, suggesting the potential for a weaker USD across the board. Scotiabank analysts have noted that the CAD has fallen short of Q3 2023 expectations against the USD and appears undervalued based on fundamental economic indicators. A possible increase in interest rates by the Bank of Canada, which the market may not have fully accounted for, could lead to a strengthening of the CAD nearer to the 1.30 mark by the late 2023. The Canadian economy shows signs of resilience, as indicated by robust employment figures, which may support economic activity; however, weaker labor markets toward the end of the year could signal further rate cuts and a potential weakening of the CAD.
Read our full CAD to GBP forecasts analysis
There are several ways to save on exchange rates when converting Canadian dollar to Pound Sterling:
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.
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 BER Smart Rate Tracker to track and benefit from currency movements.
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 the United Kingdom - a practical currency and money guide to travel, living and doing business in the United Kingdom with the Pound Sterling.
| 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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