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 transaction type, details and click ‘GET RATES’.
CAD to GBP Market Data
Canadian dollar (CAD) to British pound (GBP) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the CAD to GBP 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 British pound is to review how the CAD/GBP rate has changed over time.
The table below shows the percentage change in the CAD to GBP exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
The CAD to GBP exchange rate currently stands at 0.5414, just above its three-month average, amidst a stable trading range of 2.9% from 0.5296 to 0.5451.
Current market bias: The CAD to GBP exchange rate is range-bound.
Key drivers:
- The Bank of Canada holds rates at 2.25%, aided by robust job growth in Canada, enhancing CAD confidence.
- The Bank of England's rate cuts are cautious, providing support for the GBP.
- Retail sales data from both countries may influence short-term market sentiment.
Near-term range: The trading range for CAD to GBP is expected to remain stable, reflecting low volatility as it trades slightly above its three-month average.
Upside risk: Stronger-than-expected retail sales in Canada could lead to CAD appreciation.
Downside risk: Additional rate cuts from the BoE could weaken the GBP and affect the CAD-GBP dynamics.
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CAD to GBP is range-bound as the BoC holds rates steady while the BoE's cautious cuts support the GBP. Retail sales data will be key in shaping short-term trends. Analysts note low volatility with CAD slightly above 3-month averages
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CAD to GBP 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 Canadian dollar are worth in British pound across a range of amounts.
This gives a quick view of what you’d get when converting different CAD amounts at today’s rate * :
What is the
best Send Money conversion rate for CAD to GBP?
The best CAD to GBP exchange rate is 0.5388 from OFX . This is -0.5% compared to the mid-market rate 0.5415.
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 British pound (GBP) rates from different sources before making a conversion.
The above
Loonie to Sterling 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-GBP mid-rate and the possible savings of using various providers.
How do CAD-GBP rates compare between providers?
Looking at the full
CAD to GBP - Send Money comparison table the provider with the best CAD to GBP exchange rate is OFX at 0.5388, -0.5% from the latest mid-market rate 0.5415.
The next best is XE at 0.5383, -0.59% from the mid-rate.
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.