The comparison table above helps you see the total cost of your 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 details and click ‘Get Rates’.
CAD to AUD Market Data
Canadian dollar (CAD) to Australian dollar (AUD) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the CAD to AUD Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Canadian dollar against the Australian dollar is to review how the CAD/AUD rate has changed over time.
The table below shows the percentage change in the CAD to AUD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
#FX Update: CAD/AUD steady @ 1.1238 near 3-mo avg despite CAD weakness from trade deficit & jobless concerns. AUD showing resilience w/ boost from Chinese PMI data. Analysts say watch oil prices - currently @ 30-day high (66.57) - for potential CAD recovery vs AUD
To help you understand the real-world value of the current exchange rate, the table below shows how much Canadian dollar are worth in Australian dollar across a range of amounts.
This gives a quick view of what you’d get when converting different CAD amounts at today’s rate * :
The standard OFX CAD-AUD rate is 1.1021, -1.6% from the mid-rate. Visit OFX here to secure the better rate.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Canadian dollar (CAD) to Australian dollar (AUD) rates from different sources before making a conversion.
The above
Loonie to Aussie comparison table
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 CAD-AUD mid-rate and the possible savings of using various providers.
How do CAD-AUD rates compare between providers?
Looking at the
full comparison table
the best CAD to AUD exchange rate is 1.1144 from OFX, -0.5% from the mid-market rate 1.1200. The next best rate is 1.1134 from Wise, -0.59% from the mid-rate. Then XE with 1.1133 is -0.6% from the mid-rate.
The Western Union rate is 1.1088 which is -1% from the mid-rate.
Among the banks the TD Bank rate is 1.0179 at -9.1% the Scotiabank rate is 1.0854 at -3.1% and the Royal Bank of Canada rate is 1.0889 at -2.8% compared to the mid-rate 1.1200.
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
or platforms that offer rates closer to the mid-market rate.