Find the best exchange rate when converting your British pounds to Canadian dollars.
If you’re a forex investor or simply looking to trade British pounds for Canadian dollars, get the most for your money with a strong exchange rate.
Today’s mid-market rate
Refreshing in: 60s | Thu, 25 Apr 12:34am GMT
Historical Rate chart of GBP and CAD
Buy CAD with British pound
The exchange rates in the table are not locked in. Confirm your final rate on the provider’s site before completing any transaction.
How does the British pound trade against the Canadian dollar historically?
The British pound and Canadian dollar have a long history. The relationship between Britain and Canada has always been intimate — the countries once shared a military, a government system and heads of state. Despite the two nations sharing a legacy, they have grown apart both economically and politically.
In the 19th century, Britain was Canada’s largest trade partner, with the British pound valued at more than 2.0 CAD. In the 20th century, the exchange rate has averaged at 2.03, but the last 10 years have brought the GBP > CAD exchange rate to under 2.0.
The decline of the British pound accelerated after the “Brexit” vote. Since the Brexit referendum — or Britain’s proposed exit from the EU — in June 2016, the GBP has gradually declined against the CAD, reaching 1.63 in January 2017 compared with 1.97 a year earlier.
The past can be a good indicator of the future. Throughout its exchange rate history, the British pound has dominated against the Canadian dollar. But in the past 10 years, the Canadian dollar has become the stronger currency. With the UK’s looming exit from the EU, it’s likely that the British pound will decrease further.
Exchange rate history: British pound to Canadian dollar
Using historical data to forecast the GBP/CAD exchange rate
We’ve put together the annual average exchange rate for the British pound against the Canadian dollar from 2007 to 2016.
|Apr 2009||Apr 2010||Apr 2011||Apr 2012||Apr 2013||Apr 2014||Apr 2015||Apr 2016||Apr 2017||Apr 2018|
|1 GBP =||1.7763 Inverse: 0.5630||1.5377 Inverse: 0.6503||1.5711 Inverse: 0.6365||1.6007 Inverse: 0.6247||1.5640 Inverse: 0.6394||1.8507 Inverse: 0.5403||1.8320 Inverse: 0.5459||1.8256 Inverse: 0.5478||1.7286 Inverse: 0.5785||1.7879 Inverse: 0.5593|
Here’s the monthly average exchange rate for the British pound against the Canadian dollar over the past 12 months.
|Apr 2018||May 2018||Jun 2018||Jul 2018||Aug 2018||Sep 2018||Oct 2018||Nov 2018||Dec 2018||Jan 2019||Feb 2019||Mar 2019|
|1 GBP =||1.7943 Inverse: 0.5573||1.7259 Inverse: 0.5794||1.7657 Inverse: 0.5664||1.7134 Inverse: 0.5836||1.6729 Inverse: 0.5978||1.7170 Inverse: 0.5824||1.6833 Inverse: 0.5941||1.6942 Inverse: 0.5902||1.7316 Inverse: 0.5775||1.7454 Inverse: 0.5729||1.7463 Inverse: 0.5727||1.7383 Inverse: 0.5753|
What affects GBP > CAD exchange rates?
Factors that affect how any currency trades against another are sociopolitical atmosphere, prices and inflation rates, foreign trade and monetary policy and export-to-import price ratios.
Less aggressive factors are consumer confidence about the economy and economic growth, the strength of other currencies, investor speculation and day-to-day news about natural disasters, elections and new government policies.
The UK and Canada have enjoyed excellent trade and exchange rates in the past. But the last 10 years have resulted in a decrease in the British pound’s value against the Canadian dollar.
When exchanging British pounds for Canadian dollars, find a provider that offers two-sided quotes to understand the spread they charge. If they show you only the buy or sell rate — but not both — consider looking elsewhere. Ultimately, the closer you can get to the mid-market rate, the better the deal.