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

Best GBP to CAD exchange rates as of 23 Feb 2019

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

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.

Refreshing in: 60s | Sat, 23 Feb 11:26am GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.4027 Inverse: 0.7129 1.3137 Inverse: 0.7612 0.88203 Inverse: 1.1337 6.7142 Inverse: 0.1489 0.766107 Inverse: 1.3053 71.036 Inverse: 0.0141 19.1454 Inverse: 0.0522 52.003433 Inverse: 0.0192
1 AUD = 0.7129 Inverse: 1.4027 1.0000 0.9365 Inverse: 1.0678 0.6288 Inverse: 1.5903 4.7866 Inverse: 0.2089 0.5462 Inverse: 1.8310 50.6419 Inverse: 0.0197 13.6488 Inverse: 0.0733 37.0735 Inverse: 0.0270
1 EUR = 1.1337 Inverse: 0.8820 1.5903 Inverse: 0.6288 1.4893 Inverse: 0.6714 1.0000 7.6122 Inverse: 0.1314 0.868573 Inverse: 1.1513 80.536943 Inverse: 0.0124 21.7060 Inverse: 0.0461 58.9588 Inverse: 0.0170
1 GBP = 1.3053 Inverse: 0.7661 1.8310 Inverse: 0.5462 1.7147 Inverse: 0.5832 1.1513 Inverse: 0.8686 8.7640 Inverse: 0.1141 1.0000 92.72329 Inverse: 0.0108 24.9904 Inverse: 0.0400 67.8801 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.

2016201520142013201220112010200920082007
GBP = CAD1.7971221.9550111.8187361.6120291.584351.5862411.5929051.7801861.9624262.147933

Here’s the monthly average exchange rate for the British pound against the Canadian dollar over the past 12 months.

MonthGBP = CAD
Jan. 20171.631364
Dec. 20161.6656
Nov. 20161.675481
Oct. 20161.638624
Sept. 20161.722513
Aug. 20161.700943
July 20161.712525
June 20161.83704
May 20161.878072
April 20161.835699
March 20161.886124
Feb. 20161.976514

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

I want to send

to

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 3 - 5 days GBP 0.00 1.7 CAD 8,501 Transfer up to $500,000 with no minimums and no fees. Go to site Show details
USD 1 1 - 2 days GBP 7.00 1.701 CAD
8,493
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
USD 1 Within an hour GBP 3.99 1.698 CAD 8,481 Use promo code FINDER to send your first transfer with no fee.
Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.
Go to site Show details
GBP 5,000 1 - 2 days GBP 0.00 1.696 CAD 8,479 Minimum transfer: $5,000. For larger transfers, take advantage of no transaction fees and no maximum send limits. Go to site Show details
USD 1 1 day GBP 8.00 1.676 CAD 8,367 Easily transfer cash to more than 350,000 locations around the world. Go to site Show details

Compare up to 4 providers

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.

Send Money to Canada Cheaply

Frequently asked questions

Was this content helpful to you? No  Yes

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 FINDER to send your first transfer 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.

CurrencyTransfer

Minimum transfer: $5,000. For larger transfers, take advantage of no transaction fees and no maximum send limits.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com 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.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

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 FINDER to send your first transfer 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.

CurrencyTransfer

Minimum transfer: $5,000. For larger transfers, take advantage of no transaction fees and no maximum send limits.

Go to site