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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 | Sat, Feb 29, 01:40PM GMT
Buy Canadian dollar with British pound
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
How does the British pound trade against the Canadian dollar historically?
During the 20th century, the GBP to CAD exchange rate averaged at 2.03, and the last 10 years have brought the exchange rate to under 2.0.
The decline of the British pound accelerated after the Brexit vote in 2016 — Britain’s proposed exit from the EU. The GBP has fallen against the CAD, reaching 1.63 in January 2017 compared with 1.97 a year earlier. As Britain heads toward more tumultuous times, the pound will fall even further.
British pound to Canadian dollar exchange rate history
Using historical data to forecast the GBP to CAD exchange rate, we’ve put together the average exchange rate for the British pound against the Canadian dollar past week.
1 GBP =
Average exchange rate over the past 6 months.
1 GBP =
Average exchange rate over the past 10 years.
1 GBP =
1.7666 Inverse: 0.5661
1.5447 Inverse: 0.6474
1.5839 Inverse: 0.6313
1.5974 Inverse: 0.6260
1.5695 Inverse: 0.6371
1.8514 Inverse: 0.5401
1.8376 Inverse: 0.5442
1.8337 Inverse: 0.5454
1.7642 Inverse: 0.5668
1.7673 Inverse: 0.5658
What affects GBP to 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.
To exchange your GBP to CAD rates, consider the economy and how it measures up against other currencies. To avoid paying more than you have to, find a money transfer company that charges low fees and keeps its exchange rates as close to the mid-market rate as possible.
Frequently asked questions
Even though Canada used an accounting system that included pounds, shillings and pence — with origins in the British pound — the Canadian pound was never linked to the UK’s currency.
Over time, increasing trade with the United States has resulted in it becoming Canada’s biggest trading partner.
Adrienne Fuller is the head of publishing at Finder. With a decade of experience creating guides in finance and education, she aims to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. For the past 3 years she has been the publisher of money transfers, helping readers save when they send money all over the globe. She has a BA from Colorado College and loves to hike with her two Catahoula dogs around her home in San Diego.
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