Best GBP > CAD exchange rates December 2018 | finder.com
Best GBP to CAD exchange rates

Best GBP to CAD exchange rates as of 13 Dec 2018

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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

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 | Thu, 13 Dec 06:37pm GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.3827 Inverse: 0.7232 1.3347 Inverse: 0.7492 0.879883 Inverse: 1.1365 6.8817 Inverse: 0.1453 0.790376 Inverse: 1.2652 71.525321 Inverse: 0.0140 20.2474 Inverse: 0.0494 52.631579 Inverse: 0.0190
1 AUD = 0.7232 Inverse: 1.3827 1.0000 0.9653 Inverse: 1.0359 0.6364 Inverse: 1.5714 4.9772 Inverse: 0.2009 0.5716 Inverse: 1.7494 51.7304 Inverse: 0.0193 14.6439 Inverse: 0.0683 38.0655 Inverse: 0.0263
1 EUR = 1.1365 Inverse: 0.8799 1.5714 Inverse: 0.6364 1.5169 Inverse: 0.6592 1.0000 7.8212 Inverse: 0.1279 0.898274 Inverse: 1.1132 81.289574 Inverse: 0.0123 23.0115 Inverse: 0.0435 59.8166 Inverse: 0.0167
1 GBP = 1.2652 Inverse: 0.7904 1.7494 Inverse: 0.5716 1.6887 Inverse: 0.5922 1.1132 Inverse: 0.8983 8.7069 Inverse: 0.1149 1.0000 90.495267 Inverse: 0.0111 25.6175 Inverse: 0.0390 66.5905 Inverse: 0.0150

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 1.674 CAD 8,372 Transfer up to $500,000 with no minimums and no fees. Go to site Show details
USD 1,000 1 day GBP 0.00 1.674 CAD 8,368 No maximum limit, no fees and competitive exchange rates for 100+ currencies. Go to site Show details
USD 1 1 - 2 days GBP 1.00 1.679 CAD
8,391
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 1.672 CAD 8,352 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
1 - 2 days GBP 0.00 1.67 CAD 8,351 Get live quotes on exchange rates and take advantage of no transaction fees with no limits on transfers. 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.

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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 FINDER to send your first transfer with no fee.
Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

World First

No maximum limit, no fees and competitive exchange rates for 100+ currencies.

TransferWise

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

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