Australian Dollar to Canadian Dollar Exchange Rate

Live Rate

= $ 0.8948

Refreshing in: 60s | Thu, Oct 24, 05:46AM GMT

  • Cheap transfers
  • Bank-beating exchange rates
  • Safe and reliable

Historical Rate chart of AUD and CAD

1
0
Updated: 24 Oct 2019 05:46:39 UTC

Australian Dollar

The Australian dollar is the fifth most traded currency in the world. When it was first created, suggestions for its name included the koala, the royal and the austral. Even so, it's commonly referred to as the "Aussie" in forex markets.
Currency: Australian Dollar
Currency Symbol: $
Sub unit: cents
Bank notes: $5, $10, $20, $50, $100
Coins: 5c, 10c, 20c, 50c, $1, $2

Canadian Dollar

Known as the "loonie" or the "funds," the Canadian dollar is among the world's most traded currencies. With its extreme sensitivity to movements in crude oil and other commodities, traders often use the Canadian dollar to speculate on these commodities. It's also closely tied to the US economy and dollar.
Currency: Canadian Dollar
Currency Symbol: $, Can$, C$, CAD
Sub unit: cent (English) and sou (colloquial) (French)
Bank notes: $5, $10, $20, $50, $100
Coins: 5¢, 10¢, 25¢, 50¢, $1, $2

Send money from Australia to Canada

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 2,000 1 day AUD 0.00 0.891 CAD
8,912
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.891 CAD
8,912
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.891 CAD
8,912
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
Go to site Show details
AUD 3,000 1 day GBP 20.00 0.891 CAD
8,896
Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.891 CAD
8,912
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.886 CAD
8,856
Special offer: Pay zero fees on your first 5 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.891 CAD
8,912
BFX can help you send fee-free transfers to 30+ currencies. Go to site Show details

Compare up to 4 providers


The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.

If you shop around for the best AUD/CAD exchange rate, you can save big when you send an international money transfer to Canada.

If you need to send money to Canada, whether it’s for business or personal reasons, finding the best exchange rate is a must. By locking in a competitive exchange rate for your transfer, you can access excellent value for money and minimise the overall cost of your transaction.

But what factors affect the AUD/CAD exchange rate, when’s the best time to transfer and how can you find the highest rate? Read on to find out.

Can’t find what you’re looking for? Have a TorFX currency expert contact you for free

Enter your details to speak to a foreign exchange expert

By submitting this form, you agree to finder.com.au Privacy and Cookies Policy and Terms of Use, Disclaimer & Privacy Policy
TorFX Logo

Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options. Our foreign exchange experts offer a best rate guarantee, are ASIC authorised and never charge transfer fees.

They can help you with all your needs including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting

See exchange rate updates in real-time

Refreshing in: 60s | Thu, 24 Oct 05:46am GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.4617 Inverse: 0.6841 1.3079 Inverse: 0.7646 0.8981 Inverse: 1.1134 7.0670 Inverse: 0.1415 0.7743 Inverse: 1.2915 70.9235 Inverse: 0.0141 19.1179 Inverse: 0.0523 51.1005 Inverse: 0.0196
1 AUD = 0.6841 Inverse: 1.4617 1.0000 0.8948 Inverse: 1.1176 0.6145 Inverse: 1.6275 4.8349 Inverse: 0.2068 0.5297 Inverse: 1.8877 48.5219 Inverse: 0.0206 13.0794 Inverse: 0.0765 34.9601 Inverse: 0.0286
1 EUR = 1.1134 Inverse: 0.8981 1.6275 Inverse: 0.6145 1.4563 Inverse: 0.6867 1.0000 7.8685 Inverse: 0.1271 0.8621 Inverse: 1.1599 78.9676 Inverse: 0.0127 21.2863 Inverse: 0.0470 56.8963 Inverse: 0.0176
1 GBP = 1.2915 Inverse: 0.7743 1.8877 Inverse: 0.5297 1.6891 Inverse: 0.5920 1.1599 Inverse: 0.8621 9.1267 Inverse: 0.1096 1.0000 91.5946 Inverse: 0.0109 24.6900 Inverse: 0.0405 65.9941 Inverse: 0.0152

AUD/CAD: How to get value for money

If you need to send money to Canada from Australia, there are two main factors to consider to ensure that you find the best exchange rate for your transfer:

  • Choosing the right time. You need to send your transfer when the AUD/CAD exchange rate is at its highest – in other words, when the AUD reaches a high value relative to the CAD.
  • Choosing the right transfer provider. Exchange rates differ from one international transfer company to the next, so you need to shop around for the company that offers the best AUD/CAD exchange rate.

Starting with the first of the two points above, if you want to know the best time to send money to Canada, it’s important to have a basic understanding of the history of these two major global currencies.

Australian Dollar to the Canadian Dollar for the last 10 years

Oct 2009 Oct 2010 Oct 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017 Oct 2018
1 AUD = 0.9722 Inverse: 1.0286 1.0058 Inverse: 0.9942 1.0428 Inverse: 0.9589 1.0251 Inverse: 0.9755 0.9981 Inverse: 1.0019 0.9862 Inverse: 1.0140 0.9442 Inverse: 1.0590 1.0122 Inverse: 0.9880 0.9869 Inverse: 1.0133 0.9322 Inverse: 1.0728

Australian Dollar to the Canadian Dollar for the last 10 months

Dec 2018 Jan 2019 Feb 2019 Mar 2019 Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019
1 AUD = 0.9585 Inverse: 1.0433 0.9538 Inverse: 1.0485 0.9366 Inverse: 1.0677 0.9550 Inverse: 1.0471 0.9476 Inverse: 1.0553 0.9299 Inverse: 1.0754 0.9173 Inverse: 1.0902 0.9094 Inverse: 1.0996 0.8968 Inverse: 1.1150 0.8955 Inverse: 1.1167

Australian Dollar to the Canadian Dollar for the last 10 days

Oct 14 Oct 15 Oct 16 Oct 17 Oct 18 Oct 19 Oct 20 Oct 21 Oct 22 Oct 23
1 AUD = 0.8962 Inverse: 1.1159 0.8918 Inverse: 1.1214 0.8921 Inverse: 1.1210 0.8965 Inverse: 1.1154 0.8998 Inverse: 1.1114 0.8998 Inverse: 1.1114 0.8994 Inverse: 1.1119 0.8992 Inverse: 1.1121 0.8984 Inverse: 1.1131 0.8957 Inverse: 1.1165

Australian dollar to Canadian dollar exchange rate history

Australia’s official currency, the Australian dollar (AUD) replaced the pound in 1966. Originally a fixed currency pegged to the value of the British pound (GBP), the AUD had all foreign exchange controls removed and became a free-floating currency by the end of 1983.

Meanwhile, the Canadian dollar (CAD) became Canada’s uniform currency in 1871 and was based on the gold standard. The value of the CAD was then fixed to the US dollar (USD) for a period during the 20th century but eventually became a free-floating currency.

Both the AUD and CAD are heavily affected by global commodities markets, with each country’s economy reliant on the export of resources for much of their strength. Canada also shares close economic ties with the United States and the heavy trade between the two countries means the value of the CAD is also influenced by the value of the USD.

During 2007–08, as economies around the world felt the effects of the credit crisis, Canada’s relatively strong economic performance saw the CAD reach historic highs against the USD and other major currencies. At one point in October 2008, 1 AUD dropped to just 0.75 CAD.

However, in more recent years, stable economic performance in both Australia and Canada has seen the value of the two currencies remain relatively stable when compared to one another. In the five years to May 2016, 1 AUD has traded at between 0.91 and 1.06 CAD.

The table below shows the value of the AUD relative to the CAD in the past 10 years.

January 2007 January 2012 January 2017
1 AUD = 0.918670 CAD 1.042798 CAD 0.968110 CAD

When can I find the best AUD/CAD exchange rate?

Exchange rates fluctuate all the time and not just over a period of years – you might be surprised to see just how dramatically an exchange rate can vary in a timeframe as little as 24 hours. For evidence of this, visit a currency website like xe.com and take a look back at charts that track the historical performance of the AUD/CAD exchange rate.

As an example of just how much rates fluctuate, let’s consider the case of Jim, who wanted to send AUD$5,000 to his sister in Canada in the year leading up to 25/05/2017. Had Jim sent his transfer in May 2016, when 1 AUD was purchasing just 0.94 CAD, he would not have received great value for money.

However, had he waited three months and sent the transfer in August when the two currencies reached parity, Jim’s AUD$5,000 would have purchased a lot more Canadian dollars. And had he sent the money in October 2016 when 1 AUD = 1.03 CAD, he could have sent CAD$450 more to his sister than if he’d sent the money in May – but the transaction would cost the exact same amount in AUD.

May 2016 August 2016 October 2016
Transfer amount (in AUD) $5,000 $5,000 $5,000
Exchange rate 1 AUD = 0.94 CAD 1 AUD = 1.00 CAD 1 AUD = 1.03 CAD
Amount received (in CAD) $4,700 $5,000 $5,150

Market rate for common transfer amounts AUD to CAD

Australian Dollars (AUD) Canadian Dollar (CAD)
$1 0
$100 0
$500 0
$1000 0
$1500 0
$2500 0
$5000 0

How do I know when to transfer AUD to CAD?

The best time to send money to Canada is when the AUD/CAD exchange rate is at its highest. In other words, you want to send your transfer when your Aussie dollars buy you the maximum possible amount of Canadian dollars.

Of course, predicting what will happen to an exchange rate in the weeks and months to come is far from easy. Interest rates, inflation, economic news, political developments and several other factors can all have an effect on an exchange rate, so accurately forecasting the direction in which the rate will head is a difficult process.

However, you can take some simple steps to educate yourself about what may lie in store for the AUD/CAD exchange rate. Keep up to date with important developments in Australia and Canada, including everything from interest rate changes and inflation figures to the results of political elections, and tune into financial news reports whenever you get the chance. In addition, by looking back at the past performance of the AUD/CAD rate, you’ll be able to form a clearer idea of the true value of each currency relative to the other and some of the factors that could push the rate higher or lower.

So, when is the best time to send AUD to CAD? Take a look at the chart below, taken from xe.com on 25/05/2017, which tracks the performance of the AUD/CAD exchange rate in the year leading up to that date. The graph shows that the best times to send money to Canada during that 12-month period were:

  • In November 2016 when 1 AUD = 1.032 CAD
  • In March 2017 when 1 AUD = 1.031 CAD
  • In May 2017 when 1 AUD = 1.034 CAD

On the flipside, the worst time to send a transfer was in late May 2016 when 1 AUD dropped to a low of 0.936 CAD.

audcad

How to choose the best transfer provider

Once you’ve found the best time to send money to Canada, you also need to find the transfer company that offers the highest exchange rate. There are three options to consider when sending an international money transfer:

  • Banks. Bank wire transfers may be quick and convenient to set up, especially if you already have an account, but banks offer low exchange rates that are well below the mid-market rate.
  • Cash pickup transfer providers. Cash pickup transfer companies, such as Western Union and MoneyGram, offer the convenience of being able to transfer funds to Canada in as little as 10 minutes. However, you will need to keep an eye out for high transfer fees that may apply.
  • Online money transfer providers. Specialist online transfer companies, such as CurrencyFair and WorldFirst, are usually a reliable choice when sending money overseas. They tend to offer much higher exchange rates and charge lower fees than banks and cash pickup companies.

bank vs money transfer provider vs cash pickup provider

Julie's businessJulie’s Australian business needs to buy CAD$5,000 worth of office equipment from a supplier based in Canada. In the past, Julie has simply sent all her international transfers through her business’s Big Four bank account, but she’s recently discovered that their poor exchange rates are causing her to lose a significant amount of money.

She decides to see if a cash pickup transfer provider or an online transfer provider might offer better value for money. As you can see in the table below, while the cash pickup company offers much quicker transfers, it actually costs more than if she sends the funds through her bank.

However, if Julie chooses the online transfer provider, she can save a massive AUD$267.78 on the cost of her transaction but still send the exact same amount of CAD to the supplier. This is a perfect example of just how important it is to hunt around for the best exchange rate before you send funds overseas.

BankCash pickup transfer providerOnline transfer provider
Exchange rate1 AUD = 0.9536 CAD1 AUD = 0.9574071 AUD = 1.0013 CAD
Transfer fee$22$180$4
Processing time2–5 days10 minutes2 days
AUD needed to send CAD$5,000$5,265.29$5,402.44$4,997.51
Cost in AUD compared to bank (including fee)-$137.15 more expensive$267.78 cheaper
Back to top

Other tips to help you find the best AUD/CAD exchange rate

You should also keep the following tips in mind when searching for the best available AUD/CAD exchange rate:

  • Track the market. Monitor financial news reports for information on the current mid-market exchange rate. While you will never be able to access the same rate for an international money transfer, it will give you a good idea whether the rate a transfer provider quotes you represents good value for money.
  • Compare quotes. Don’t just settle for the first transfer provider you come across; obtain and compare quotes from several companies to see which one comes out on top. Also, make sure the rate you are quoted is the customer rate, not the mid-market rate sometimes used as a guide.
  • Use forward contracts and limit orders. Forward contracts let you lock in an exchange rate now for a future transaction and can be used as a safeguard against a falling exchange rate. Meanwhile, limit orders let you choose the exchange rate you want and then let the transfer provider automatically complete the transaction when that rate becomes available.
  • Send larger transfers. Because most providers charge fees for each transaction, send one larger transfer rather than several smaller transfers. In addition, keep an eye out for companies that don’t charge any fees for large transfer amounts.

If you’re willing to shop around for the best exchange rate and make the most of the flexible transfer options available, you could save hundreds or even thousands of dollars when sending money to Canada.
Picture: Shutterstock


Exchange rates from AUD to other currencies

International Money Transfer Offers

Important Information*
Logo for ANZ International Money Transfer
ANZ International Money Transfer

Transfer to over 99 countries via online banking, phone banking or through an ANZ bank branch.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

Logo for Global Reach (formerly FC Exchange) International Money Transfers
Global Reach (formerly FC Exchange) International Money Transfers

Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Ask a question
Go to site