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

Best GBP to CAD exchange rates as of 18 Jun 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 | Mon, 18 Jun 01:47pm GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.3444 Inverse: 0.7438 1.3190 Inverse: 0.7581 0.861959 Inverse: 1.1601 6.4393 Inverse: 0.1553 0.755512 Inverse: 1.3236 68.065 Inverse: 0.0147 20.7278 Inverse: 0.0482 53.462333 Inverse: 0.0187
1 AUD = 0.7438 Inverse: 1.3444 1.0000 0.9811 Inverse: 1.0192 0.6412 Inverse: 1.5597 4.7898 Inverse: 0.2088 0.5620 Inverse: 1.7794 50.6296 Inverse: 0.0198 15.4182 Inverse: 0.0649 39.7676 Inverse: 0.0251
1 EUR = 1.1601 Inverse: 0.8620 1.5597 Inverse: 0.6412 1.5302 Inverse: 0.6535 1.0000 7.4705 Inverse: 0.1339 0.876506 Inverse: 1.1409 78.965512 Inverse: 0.0127 24.0473 Inverse: 0.0416 62.0243 Inverse: 0.0161
1 GBP = 1.3236 Inverse: 0.7555 1.7794 Inverse: 0.5620 1.7458 Inverse: 0.5728 1.1409 Inverse: 0.8765 8.5230 Inverse: 0.1173 1.0000 90.091273 Inverse: 0.0111 27.4354 Inverse: 0.0364 70.7631 Inverse: 0.0141

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

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USD 1,000 1 day GBP 0.00 1.734 CAD 8,668 Exclusive offer: $0 transfer fee
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USD 1 Within an hour GBP 3.99 1.723 CAD 8,609 Use promo code FINDER to send your first transfer at no fee to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
USD 100 3 - 5 days GBP 0.00 1.739 CAD 8,694 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site Show details
USD 1,000 1 day GBP 0.00 1.728 CAD 8,642 Exclusive exchange rate discounts
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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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