The Scotiabank GBP to CAD rate is 1.7179. This is -6.6% below the mid-rate. Compare Scotiabank currency conversion rates - Reduce FX costs.
The Scotiabank GBP to CAD exchange rate is 1.7179. This is -6.6% compared to the latest GBP-CAD mid-market rate 1.8389.
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.
Looking at our comparison table the best GBP to CAD exchange rate is 1.8297 from OFX, -0.5% from the mid-market rate 1.8389. The next best rate is 1.8279 from XE, -0.6% from the mid-rate. Then Wise with 1.826 is -0.7% from the mid-rate.
The Western Union rate is 1.8205 which is -1% from the mid-rate.
Among the banks, the Lloyds Bank rate is 1.7418 at -5.3%, the Royal Bank of Scotland rate is 1.7529 at -4.7%, and the Barclays Bank rate is 1.7745 at -3.5% compared to the mid-rate 1.8389.
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.
The Scotiabank Sterling to Loonie comparison table above 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 (see Market Data below ) and the possible savings of using various providers.
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.
British pound (GBP) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | GBP/CAD | Change | Period |
|---|---|---|---|
18 Apr 2025 | 1.8361 | 0.2% ▲ | 2 Week |
01 Feb 2025 | 1.8023 | 2% ▲ | 3 Month |
02 May 2024 | 1.7138 | 7.3% ▲ | 1 Year |
03 May 2020 | 1.7607 | 4.4% ▲ | 5 Year |
05 May 2015 | 1.8343 | 0.3% ▲ | 10 Year |
07 May 2005 | 2.3505 | 21.8% ▼ | 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 recent exchange rate forecasts for GBP to CAD reflect a complex interplay of factors influencing both currencies. Analysts highlight that the British pound (GBP) is currently under pressure, primarily due to disappointing trade deal developments between the UK and the United States. Reports indicate that U.S. President Donald Trump has deprioritized a trade agreement with the UK, focusing instead on negotiations with Asian countries, which has dampened market sentiment for the pound. Furthermore, local elections in the UK may influence the currency, particularly if the Labour Party underperforms, signaling potential instability in the government and, consequently, a stronger pound sell-off.
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 in Canada plus living and doing business 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.
Transfer limits: Most banks and money transfer providers have limits on the amount of money you can send in a single transaction. Check with your provider to find out what the limits are and whether you'll need to send multiple transactions to send the amount you need.
Security: Make sure to use a reputable and secure provider when sending money to Canada. Look for a provider that uses encryption to protect your personal and financial information.
Read more at our Canada (CAD) country guide
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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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