Understanding the Table:
The comparison table above helps you see the total cost of your OFX currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
The average GBP rate margin offered by OFX is 3.0%.
This average is based on individual GBP 10K transfer rates in the currency pairs from OFX that we monitor.
💡 It is important to note that these OFX rates are their public quoted rates and do not include our special BER/OFX deals rates which start at 0.5% for major currencies and improve for larger amounts. Please use our calculators to check these special rates and use our 'Visit OFX' links to secure these deals.
The tables below show the best and worst exchange rate margins offered by OFX for British pound (GBP 10K) transactions. Margins show the percentage difference from the mid-market rate.
British pound (GBP) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.
GBP/CAD Outlook: Slightly weaker, but likely to move sideways, as the rate is below its recent average and near recent lows, with mixed drivers challenging a clear direction.
GBP/USD Outlook: Slightly positive, but likely to move sideways as the rate is above its recent average and within its stable range.
USD/CAD Outlook: Slightly weaker, but likely to move sideways, as the rate is currently below its recent average and within its mid-range.
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in Canadian dollar across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
*Converted at the current GBP-CAD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The OFX GBP to CAD exchange rate is 1.8513. This is -0.5% compared to the latest GBP-CAD mid-market rate 1.8606.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to Canadian dollar (CAD) rates from different sources before making a conversion.
The above OFX - Sterling to Loonie comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by OFX and other foreign exchange providers against the latest GBP-CAD mid-rate and the possible savings of using various providers.
Looking at the full GBP to CAD - Send Money comparison table the provider with the best GBP to CAD exchange rate is Wise at 1.853, -0.41% from the latest mid-market rate 1.8606.
The next best is OFX at 1.8513, -0.5% from the mid-rate.
Then XE at 1.8494, which is -0.6% from the mid-rate.
The Western Union rate is 1.842 which is -1% from the mid-rate.
Among the banks the Lloyds Bank rate is 1.7712 at -4.8% the Royal Bank of Scotland rate is 1.7824 at -4.2% and the Barclays Bank rate is 1.7948 at -3.5% compared to the mid-rate 1.8606.
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 like OFX or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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