GBP to CAD Interbank Exchange Rate - Convert British pounds to Canadian Dollar | eurochange (2024)

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GBP to CAD Interbank Exchange Rate - Convert British pounds to Canadian Dollar | eurochange? ›

£ 1 GBP = $ 1.7948 CAD.

Best British Pound / Canadian Dollar Exchange Rate Today: 1.7865.

1 GBP = 1.776347 CAD Sep 10, 2024 14:18 UTC

The currency converter below is easy to use and the currency rates are updated frequently.

Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money.

The exchange rate for British pound sterling to Canadian dollars is currently 1.783 today, reflecting a -0.063% change since yesterday. Over the past week, the value of British pound sterling has remained relatively stable, with a 0.072% increase compared to its value 7 days ago.

Here's a bit of context as to what's been happening with GBP to CAD. Throughout much of 2022, the Pound devalued against the Canadian Dollar. The UK was facing political upheaval and Canada was benefiting from a post-Covid commodities boom. Since then the Pound has recovered considerably.

How much is $100.00 CAD in GBP? ›

The best places for you to exchange your money are banks, post offices, border crossings and American Express locations. The worst places that you can exchange your money are airports, train stations and tourist areas. Exchange rates will vary so always call around or search online to find the best rates.

A cross rate is the exchange rate of two currencies, neither of which is the base currency in the pair. The cross rate is determined by comparing the exchange rates of the two currencies against a common third currency. For instance, the cross rate between EUR/GBP is derived by dividing EUR/USD by GBP/USD.

Currency markets are highly complex and unpredictable, so there is no 'best time' to exchange Canadian Dollar to British pounds when it comes to getting the best CAD to GBP rate. It's important to exchange your Canadian Dollar when it is convenient for you and you are happy with the exchange rate.

Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, often offer the added benefit of having ATMs overseas. Online peer-to-peer foreign currency exchanges. Online bureaus or currency converters, such as Travelex, provide convenient foreign exchange services.

“For example, if you were traveling to Canada, it is 100% in your favor to get the Canadian dollar from the U.S. bank before you travel if the U.S. currency is stronger. But when we're looking at currencies like the British pound, better to do everything when you get to London, not beforehand,” he added.