The live mid-market GBP-CAD exchange rate is 1.8003. Compare currency conversion rates - Reduce FX costs.
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The best GBP to CAD exchange rate is 1.7913 from OFX. This is -0.5% compared to the mid-market rate 1.8003.
Exchange rates can vary significantly between different currency exchange providers, so it's important to Compare British pound (GBP) to Canadian dollar (CAD) rates from different sources before making a conversion.
The Sterling to Loonie 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 GBP-CAD mid-rate (see Market Data below ) and the possible savings of using various providers.
British pound (GBP) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.
Date | GBP/CAD | Change | Period |
---|---|---|---|
24 Oct 2024 | 1.7971 | 0.2% ▲ | 2 Week |
09 Aug 2024 | 1.7515 | 2.8% ▲ | 3 Month |
08 Nov 2023 | 1.6942 | 6.3% ▲ | 1 Year |
09 Nov 2019 | 1.6898 | 6.5% ▲ | 5 Year |
10 Nov 2014 | 1.8011 | 0% ▼ | 10 Year |
12 Nov 2004 | 2.2078 | 18.5% ▼ | 20 Year |
Here are some popular conversion amounts for GBP to CAD (British pound to Canadian dollar)*.
*Converted at the current GBPCAD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The GBP to CAD exchange rate has experienced downward pressure, recently hitting a 7-day low of approximately 1.7953. This decline is coinciding with concerns about the UK economy, particularly following the election victory of Donald Trump, which has raised fears about potential repercussions on UK growth and inflation. Analysts suggest that a Trump presidency could complicate the UK's economic trajectory, potentially leaving it vulnerable to prolonged periods of high inflation and deepening the ongoing cost-of-living crisis. Adding to the uncertainty, the Bank of England's upcoming interest rate decision could further catalyze GBP movements. A rate cut, already fully anticipated by the market, could compel the Sterling lower, especially if hints of additional cuts are signaled for December.
Read our full review of recent GBP to CAD forecasts.
There are several ways to save on exchange rates when converting British pound to Canadian dollar:
Generally speaking, if you are buying Canadian dollar with British pound, then it's better for the GBP/CAD 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 Canada - a practical currency and money guide to travel, living and doing business in Canada with the Canadian dollar.
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 GBP/CAD 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
United Kingdom (GBP) | Canada (CAD) |
Here are a few things to consider when sending money to Canada:
Fees: Different banks and money transfer services charge different fees for international money transfers. Shop around to find the best deal and compare the fees charged by different providers.
Exchange rate: The exchange rate is the rate at which one currency is converted into another. Keep an eye on the exchange rate when sending money to Canada, as it can fluctuate and impact the amount of money you receive.
Transfer speed: Some money transfer providers offer faster transfer speeds than others. If you need the money to arrive in Canada quickly, consider a provider that offers expedited transfer speeds for an additional fee.
Read more at our Canada (CAD) 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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