The live Canadian-dollar-to-Australian-dollar rate, updated every minute. Book CAD→AUD with SummitFX on WhatsApp — we accept incoming CAD via SWIFT and settle AUD via SWIFT to your Australian recipient bank.
Use the tabs to view the last week, month, year, or five years of daily closing rates. The shaded band shows the high-low range for the period — a quick visual read on volatility.
Type in either box — enter a CAD amount to see what you'd get in AUD, or enter a target AUD amount to see how many Canadian dollars you'd need. Calculated at the live mid-market rate shown above.
Note: The rate shown is the live mid-market rate. Your actual executable rate includes a small spread — typically 0.5–0.9% at SummitFX vs 2–4% at a UK high street bank. We'll always show the full breakdown before you book.
CAD/AUD is the mirror of AUD/CAD — read from the Canadian side. The pair moves on Bank of Canada policy, Reserve Bank of Australia policy, oil prices versus base-metal commodity prices, US data versus China data, and risk sentiment. Both currencies are commodity-linked Anglosphere economies, so the pair tends to be relatively stable. Divergence comes from differential commodity exposure (oil vs iron ore) and trade partner (US vs China).
Bank of Canada policy: The BoC sets Canadian interest rates and meets eight times a year. Decisions, the post-meeting Monetary Policy Report, and Tiff Macklem's press conferences are the biggest scheduled CAD events. The BoC's policy path tends to track the Fed closely given US-Canada integration.
Oil prices: Canada is a major oil producer; oil exports are a meaningful share of national GDP. Rising oil prices typically support CAD; falling oil weighs on it. WTI is the relevant benchmark.
US data and Fed policy: Around 75% of Canadian exports go to the US, so Canadian growth is closely linked to US demand. US non-farm payrolls and CPI prints often move CAD as much as Canadian-specific data — sometimes more.
Canadian housing market: Canadian housing is a meaningful macro variable, affecting both consumer wealth and BoC's financial stability concerns. Major housing-sector developments can move the loonie.
Risk sentiment: CAD is moderately risk-on but less so than AUD. In bullish global markets both strengthen but AUD typically outperforms; in stress episodes CAD tends to hold up better than AUD because Canadian export demand is more diversified.
Reserve Bank of Australia policy: The RBA sets Australian interest rates and meets monthly except January. The cash rate is the dominant AUD driver. Markets watch the post-meeting statement and quarterly Statement on Monetary Policy closely for forward guidance.
Commodity prices: Australia is heavily commodity-dependent — iron ore, coal, gas, lithium, gold. Rising commodity prices typically support AUD; falling prices weigh on it. The Chinese property sector's iron ore demand is a major input.
China data: China is Australia's largest trading partner, taking around 30% of Australian exports. Chinese PMI, industrial production, and stimulus announcements often move AUD more than Australian domestic data.
Australian labour and inflation: Monthly employment prints and quarterly CPI are key. Tight labour market readings combined with sticky inflation tend to support the Aussie by raising rate-hike expectations.
Risk sentiment: AUD is the textbook risk-on currency. In bullish global markets AUD typically outperforms; in stress episodes it sells off sharply against safe havens like USD, JPY, and CHF — though against fellow commodity currency CAD, the divergence is smaller.
Canada and Australia share strong commercial and migration ties as two Anglosphere commodity exporters. Bilateral trade is worth around A$5 billion annually — modest given the geographic distance and similar export profiles. The corridor's depth comes from migration (the bilateral Working Holiday Maker programme is one of the most reciprocal globally), mining sector overlap (Canadian majors Teck, Barrick, Cameco have substantial Australian operations), and Canadian institutional Australian asset holdings. Canadian pension funds (CPP, OMERS, Caisse) hold meaningful Australian government bond and infrastructure positions, generating regular CAD-AUD rebalancing flow.
CAD→AUD settles via SWIFT through our Australian correspondent network. Time-zone alignment is challenging — Toronto is 14-16 hours behind Sydney, so Toronto morning bookings reach Australia overnight (Australian afternoon already). UK-based settlement timing typically works best for this corridor.
Three things most commonly cause CAD→AUD transfers to miss same-day settlement:
Late CAD arrival. Our cutoff is 15:00 UK time for same-day AUD settlement. CAD wires sent from Canada in the morning typically arrive in the UK well before our cutoff. Late afternoon Canadian bookings often miss it.
Intermediary bank holds. SWIFT wires from Canada to the UK occasionally route through a US correspondent bank, adding processing time. Standard delays are minor; longer holds are rare but can occur for larger amounts requiring AML review.
Australian or Canadian holidays. If Australian banks are closed (Australia Day, Anzac Day, Queen's Birthday), AUD wires won't post. If Canadian banks are closed (Canada Day, Thanksgiving in October, Family Day, Victoria Day), CAD wires won't be initiated. The two calendars overlap on some holidays (Christmas, New Year) but differ on most others.
For tight AUD deadlines — Australian property completions, supplier invoices, mining-sector capex payments — book the day before and let the conversion settle overnight. Forward contracts are particularly valuable for the CAD/AUD corridor given the time-zone challenges and commodity-linked volatility.
CAD/AUD is the corridor for Canadian residents and businesses with meaningful AUD obligations, plus Australia-bound flows from Canadian expats, investors, and corporates. Common use cases:
The reciprocal Working Holiday Maker programme sends thousands of young Canadians to Australia each year (and vice versa) on extended visa stays. This generates ongoing CAD-AUD flow for living expenses, accommodation deposits, vehicle purchases, and family-support transfers — a steady, predictable corridor in both directions.
Canadian mining majors (Teck, Barrick, Cameco, First Quantum) and mid-cap miners have Australian operations or joint ventures, particularly in gold, copper, and lithium. Treasury teams use forwards to hedge predictable CAD-AUD exposure on operating costs and capex commitments.
Canadian buyers — particularly former working-holiday participants — purchasing Australian property in Sydney, Melbourne, Brisbane, and Gold Coast. Australia has Foreign Investment Review Board restrictions on residential property — understand the rules before committing. Forward contracts protect deal economics from currency moves during the typical 6-12 week conveyancing window.
Canadian pension funds (CPP, OMERS, Caisse de dépôt) and asset managers holding Australian government bonds, infrastructure, and commercial real estate. While dominated by institutional desks, individual Canadian high-net-worth investors also use this corridor for AUD asset allocation.
Canadians migrating to Australia under skilled-worker programmes or family reunification — a smaller flow than the working-holiday corridor but meaningful. Large one-off transfers for savings, property sale proceeds, and relocation costs benefit from broker spreads.
Canadians and Australians returning home after working-holiday stays converting accumulated savings back to home currency. While individual amounts are typically modest, the volume of these transfers makes broker access valuable across thousands of returnees per year.
You can convert Canadian dollars to Australian dollars through your bank, through a transfer app, or through a broker. CAD/AUD is a cross between two commodity currencies with moderate liquidity, but bank markups remain wide for retail customers — making broker access valuable for migration, mining sector, and property flows.
Everything clients typically ask about sending Canadian dollars to Australian dollars. Still have questions? Message us on WhatsApp — a real dealer, not a bot, will reply.
We never forecast — but the chart above puts today's rate in context. CAD/AUD is relatively stable because both currencies are commodity-linked and tend to move together. Divergence comes from oil-vs-base-metals price moves and US-vs-China economic momentum. Rate alerts let you set a target and wait passively.
Canadian and Australian banks typically mark up CAD/AUD by 2–4% for retail customers. SummitFX spreads are 0.5–0.9% depending on size. On a C$500,000 Australian property purchase that's a saving of C$10,000–C$22,500 in your favour.
If your CAD arrives with us by 15:00 UK time on a UK business day, we settle the AUD the same day. SWIFT delivery to Australian recipient banks typically takes a few hours. Send your CAD wire in the Canadian morning to give the best chance of same-day Australian settlement.
Yes. Australian conveyancing typically runs 6 weeks to 3 months from contract to settlement, during which CAD/AUD can move 3–5% against you. A forward contract fixes today's rate for delivery on completion day. You pay a deposit (5–10% of the trade) upfront and settle the balance at completion.
No hard minimum — we handle trades from C$500 to C$5m+. Below around C$5,000 the spread widens slightly to cover fixed execution costs. For working-holiday participants and recurring smaller payments, market orders or standing arrangements work better than ad-hoc bookings.
The rate shown on Google, XE, or the chart above is the mid-market rate — the midpoint of interbank buy and sell quotes. Nobody gets exactly that rate; providers add a margin. Banks typically 2–4%, Wise 0.6–0.9%, SummitFX 0.5–0.9% — with our clients also getting a named dealer and WhatsApp access.
Because both are commodity-linked Anglosphere currencies with similar economic structures — major raw material exporters, English-speaking, advanced economies. Both respond to global risk sentiment, commodity demand, and central bank policy in similar ways. Where they diverge is in their dominant export markets (Australia → China, Canada → US) and commodity baskets (Australia → iron ore/coal/lithium, Canada → oil/lumber/potash). When these diverge — for example, oil rallies but iron ore falls — CAD/AUD moves; when they move together, the pair is relatively flat.
Your rate is locked the moment you reply CONFIRM on a quote. Even if commodity prices move sharply or central bank surprises hit before your CAD wire reaches us, the rate you receive stays exactly as booked. Locking is particularly valuable for working-holiday returnees and property buyers where rate certainty matters more than chasing the absolute best rate.
Message us on WhatsApp and we'll have a live executable rate back in seconds.