Scotiabank GBP to CAD Exchange Rates & Currency Deals
GBP-CAD Rate Calculator
Understanding the Table:
The comparison table above helps you see the total cost of your Scotiabank 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’.
GBP to CAD Market Data
British pound (GBP) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.
GBP/CAD near upper half of the 3-month range; 90-day avg stance not decisive.
Bias
Range-bound, current GBP/CAD sits near the upper half of the 3-month band and its position relative to the 90-day average is not decisive.
Key drivers
- Rate gap: BoE (Bank of England) policy remains firmer than BoC (Bank of Canada), helping the pound when UK data is light and growth remains uneven.
- Risk/commodities: Oil prices hitting 90-day highs lift CAD due to Canada’s oil link, weighing on GBP/CAD as energy earnings support the loonie.
- Macro factor: Canadian unemployment rose last month, signaling softer growth and CAD pressure ahead of wage data.
Range
GBP/CAD is expected to hover inside the 3-month range, with a mild drift toward the lower end if CAD gains from oil and softer data persist, keeping risk skewed toward the loonie.
What could change it
- Upside risk: Oil retreats, reducing CAD support and lifting GBP/CAD, particularly if UK data improves.
- Downside risk: Stronger-than-expected Canadian jobs data or ongoing oil strength could push GBP/CAD lower, unless UK data surprises
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GBP to CAD Conversion: What Is Your Money Worth?
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 * :
What is the
Scotiabank Send Money conversion rate for GBP to CAD?
The Scotiabank GBP to CAD exchange rate is 1.747. This is -6.1% compared to the latest GBP-CAD mid-market rate 1.8612.
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
Scotiabank - Sterling to Loonie comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Scotiabank and other foreign exchange providers against the latest GBP-CAD mid-rate and the possible savings of using various providers.
How do Scotiabank GBP-CAD rates compare between 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 1.8536, -0.41% from the latest mid-market rate 1.8612.
The next best is OFX at 1.8518, -0.51% from the mid-rate.
Then XE at 1.85, which is -0.6% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Scotiabank 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
or platforms that offer rates closer to the mid-market rate.