Australian Dollar to Canadian Dollar Exchange Rate

Live Rate

= $ 0.9282

Refreshing in: 60s | Thu, 23 May 02:06pm GMT

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

Historical Rate chart of AUD and CAD

1
0
Updated: 23 May 2019 14:06:19 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

I want to send

to

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 200 1 day AUD 0.00 0.925 CAD
9,245
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 0.925 CAD
9,245
Limited offer: $50 Myer gift card for first time users transferring over $5,000 in May 2019. T&Cs apply.
Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.925 CAD
9,245
$0 transfer fees for Finder customers.
$0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.
Go to site Show details
AUD 3,000 1 day AUD 0.00 0.924 CAD
9,244
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 1 1 day AUD 0.00 0.924 CAD
9,236
With global payments provider XE, enjoy fast and secure transfers and a range of foreign currency tools and calculators while benefiting from $0 transfer fees. Go to site Show details
AUD 1 1 - 2 days AUD 150.00 0.928 CAD
9,143
Make online transfers at the mid-market rate with transparent fees in 45+ currencies. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.924 CAD
9,234
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 200 1 - 2 days AUD 50.00 0.928 CAD
9,234
Exclusive: Finder customers receive $15 off their first transaction. T&Cs apply.
Quick and simple international money transfers with zero-margin exchange rates. There's a flat 0.5% transfer fee for most transfers. Earn loyalty points on sign up, referral and every transaction.
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, 23 May 02:06pm GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.4531 Inverse: 0.6882 1.3488 Inverse: 0.7414 0.8974 Inverse: 1.1144 6.9178 Inverse: 0.1446 0.7905 Inverse: 1.2650 69.8275 Inverse: 0.0143 19.0508 Inverse: 0.0525 52.5110 Inverse: 0.0190
1 AUD = 0.6882 Inverse: 1.4531 1.0000 0.9282 Inverse: 1.0773 0.6176 Inverse: 1.6193 4.7607 Inverse: 0.2101 0.5440 Inverse: 1.8382 48.0541 Inverse: 0.0208 13.1105 Inverse: 0.0763 36.1372 Inverse: 0.0277
1 EUR = 1.1144 Inverse: 0.8974 1.6193 Inverse: 0.6176 1.5031 Inverse: 0.6653 1.0000 7.7089 Inverse: 0.1297 0.8809 Inverse: 1.1352 77.8127 Inverse: 0.0129 21.2294 Inverse: 0.0471 58.5159 Inverse: 0.0171
1 GBP = 1.2650 Inverse: 0.7905 1.8382 Inverse: 0.5440 1.7063 Inverse: 0.5861 1.1352 Inverse: 0.8809 8.7510 Inverse: 0.1143 1.0000 88.3313 Inverse: 0.0113 24.0992 Inverse: 0.0415 66.4260 Inverse: 0.0151

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

May 2009 May 2010 May 2011 May 2012 May 2013 May 2014 May 2015 May 2016 May 2017 May 2018
1 AUD = 0.8816 Inverse: 1.1343 0.8852 Inverse: 1.1297 1.0355 Inverse: 0.9658 1.0072 Inverse: 0.9929 1.0067 Inverse: 0.9934 1.0084 Inverse: 0.9916 0.9636 Inverse: 1.0378 0.9466 Inverse: 1.0564 1.0075 Inverse: 0.9925 0.9688 Inverse: 1.0322

Australian Dollar to the Canadian Dollar for the last 10 months

Jul 2018 Aug 2018 Sep 2018 Oct 2018 Nov 2018 Dec 2018 Jan 2019 Feb 2019 Mar 2019 Apr 2019
1 AUD = 0.9750 Inverse: 1.0256 0.9540 Inverse: 1.0482 0.9428 Inverse: 1.0607 0.9284 Inverse: 1.0771 0.9575 Inverse: 1.0444 0.9596 Inverse: 1.0421 0.9470 Inverse: 1.0560 0.9399 Inverse: 1.0639 0.9502 Inverse: 1.0524 0.9475 Inverse: 1.0554

Australian Dollar to the Canadian Dollar for the last 10 days

May 13 May 14 May 15 May 16 May 17 May 18 May 19 May 20 May 21 May 22
1 AUD = 0.9362 Inverse: 1.0681 0.9338 Inverse: 1.0708 0.9310 Inverse: 1.0741 0.9279 Inverse: 1.0777 0.9242 Inverse: 1.0820 0.9242 Inverse: 1.0820 0.9282 Inverse: 1.0773 0.9292 Inverse: 1.0762 0.9226 Inverse: 1.0839 0.9243 Inverse: 1.0819

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 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 WorldFirst International Money Transfers
WorldFirst International Money Transfers

Limited offer: $50 Myer gift card for first time users transferring over $5,000 in May 2019. T&Cs apply.
Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
$0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.

Logo for TransferWise International Money Transfers
TransferWise International Money Transfers

Make online transfers at the mid-market rate with transparent fees in 45+ currencies.

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