Best GBP > CAD exchange rates April 2019 | finder.com
Best GBP to CAD exchange rates

Best GBP to CAD exchange rates today

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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

Live Rate

= $CAD 1.7418

Refreshing in: 60s | Thu, 25 Apr 12:34am GMT

Historical Rate chart of GBP and CAD

1
0
Updated: 25 Apr 2019 00:34:29 UTC

Buy CAD with British pound

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Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 3 - 5 days GBP 0.00 1.721 CAD 8,604 Transfer up to $500,000 with no minimums and no fees. Go to site Show details
USD 1 1 - 2 days GBP 0.00 1.735 CAD
8,674
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USD 1 Within an hour GBP 0.00 1.711 CAD 8,556 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
USD 1,000 1 day GBP 0.00 1.717 CAD 8,587 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
GBP 1,000 1 - 2 days GBP 0.00 1.728 CAD 8,639 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.
Go to site Show details
USD 5,000 1 day - - Venstar will support you through the entire process of your international transactions, from start to finish. Go to site Show details
USD 50 1 - 2 days GBP 0.00 1.705 CAD 8,526 Simple, zero-margin exchange rates, plus earn loyalty points on sign up, referral and every transaction. Go to site Show details

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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.

Bottom line

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.

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US International Money Transfers Offers

Important Information*
XE Money Transfer

Transfer up to $500,000 with no minimums and no fees.

WorldRemit International Money Transfers

Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

TransferWise

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

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Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.

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