AUD to CAD – Canadian Dollars to Australian Dollars
When converting Australian Dollars to Canadian Dollars (AUD to CAD), or CAD to AUD, by exchanging via Direct FX, you will save a significant amount of money. Our wholesale currency exchange rates for money transfers are significantly more competitive than bank foreign exchange rates. Being Australasian based, we specialise in knowing what drives AUD/CAD currency conversion rates.
AUD to CAD Overview: Both the Australian and Canadian dollars are regarded are commodity currencies. AUD CAD is a relatively stable currency pair. The CAD fortunes are more closely aligned with those of the US, as it is their largest trading partner and neighbour. The AUD fortunes are aligned with those of Australia and Asian emerging markets. A break down in correlation can happen in periods of dislocated global growth as we have seen following the 2008 global financial crisis. The AUD closer ties to the Asian economies has seen it consolidate at historically elevated levels again the CAD.
|Historical Ranges:||1 year||5 years||10 years|
|AUD/CAD||.9731 – 1.0395||.9134 – 1.0715||.7162 – 1.0779|
Current Official Cash Rates:
Reserve Bank of Australia (RBA): 1.00% Bank of Canada (BoC): 1.75%