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
The mid-market pound-to-dollar exchange rate is 1 GBP = 1.64 CAD. (Rate accurate as of February 23, 2017.)
Get the best rate for your GBP > CAD exchange
We’ve gathered today’s best rates to inform your forex decisions when trading British pounds to Canadian dollars.
|1 USD =||1.0000||1.3697 Inverse: 0.7301||1.3069 Inverse: 0.7651||0.876136 Inverse: 1.1414||6.8547 Inverse: 0.1459||0.785467 Inverse: 1.2731||69.746334 Inverse: 0.0143||18.9301 Inverse: 0.0528||53.3845 Inverse: 0.0187|
|1 AUD =||0.7301 Inverse: 1.3697||1.0000||0.9542 Inverse: 1.0480||0.6397 Inverse: 1.5633||5.0046 Inverse: 0.1998||0.5735 Inverse: 1.7438||50.9214 Inverse: 0.0196||13.8208 Inverse: 0.0724||38.9758 Inverse: 0.0257|
|1 EUR =||1.1414 Inverse: 0.8761||1.5633 Inverse: 0.6397||1.4917 Inverse: 0.6704||1.0000||7.8238 Inverse: 0.1278||0.896512 Inverse: 1.1154||79.606722 Inverse: 0.0126||21.6063 Inverse: 0.0463||60.9317 Inverse: 0.0164|
|1 GBP =||1.2731 Inverse: 0.7855||1.7438 Inverse: 0.5735||1.6639 Inverse: 0.6010||1.1154 Inverse: 0.8965||8.7269 Inverse: 0.1146||1.0000||88.796033 Inverse: 0.0113||24.1004 Inverse: 0.0415||67.9653 Inverse: 0.0147|
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.
|GBP = CAD||1.797122||1.955011||1.818736||1.612029||1.58435||1.586241||1.592905||1.780186||1.962426||2.147933|
Here’s the monthly average exchange rate for the British pound against the Canadian dollar over the past 12 months.
|Month||GBP = CAD|
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.
Compare today’s rates from providers who can send GBP to CAD
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.