The Canadian Dollar rates below were last updated 3 minutes ago
If you're travelling to Canada soon you'll want to get the best deal on your Canadian Dollars. Our free comparison service compares the best Canadian Dollar rates from the biggest currency suppliers in the UK so you can see at a glance who is offering the top deals. We are currently comparing 25 suppliers selling Canadian Dollars in the UK with exchange rates ranging from 1.5236 to 1.6050.
But wait, it gets better! Many of the top suppliers listed above offer us exclusive exchange rates that are better than any other website which means if you order through us you could save even more money. We are so confident that you won't find better Canadian Dollar exchange rates on any other UK website that we challenge you to let us know if you find a better deal!
The Canadian Dollar is the official unit of currency in Canada, and the unofficial currency of Saint Pierre and Miquelon – a small group of French islands in the North Atlantic Ocean. It carries the International Standard Currency Code: CAD, and is represented by the dollar sign ($) or C$ to distinguish it from other dollar currencies. The Canadian Dollar currently ranks 6th in the list of most-traded currencies in the world, up from 7th last year.
Canadian monetary policy is managed by the Bank of Canada based in Ottawa, Ontario. They are responsible for maintaining the value of the Canadian Dollar, managing the flow of money, and promoting a sound financial system within Canada. Banknotes are printed under contract by the Canadian Bank Note Company (also based in Ottawa), and coins are minted by the Royal Canadian Mint in Winnipeg, Manitoba.
In recent times, the Canadian Dollar has begun to appreciate in value against other currencies, partly due to the rising price of oil which is a major export commodity for Canada. It’s stabilisation along with a strong Canadian economy has earned the Canadian Dollar the status of a benchmark currency which means it is kept in reserves by governments around the world along with US Dollars, Euros, and British Pounds.
As a tourist destination Canada is very safe but you should still take some simple precautions. The Foreign and Commonwealth Office (FCO) issue travel advice specifically for British tourists visiting Canada under their "Know Before You Go" campaign and we recommend you check the latest advice here before you travel.
The average British traveller takes about £1200 ($1,926.00CAD, as of Sunday 23rd of October 2016) based upon data from 1st of July to 30th of September 2016, worth of Canadian Dollars with them when visting Canada.
You can enter Canada as a British Citizen for short periods of time without a Visa. However, if you are looking to stay for a longer period or you hold a different type of British nationality you will need to check the entry requirements with the Canadian High Commission before travelling to Canada.
If you are travelling with children and only one parent is present you are advised to carry with you a letter of consent from the non present parent. In exceptional circumstances immigration officers have the right to question the children to ensure that they have not been abducted.
Over the past week the Canadian Dollar has increased by 1.65% from last Monday's rate of 1.579 to today's rate of 1.6050 which means £750 will buy you $19.50 more now than it would have a week ago. During this period the best rate we recorded was 1.611 on Saturday and the worst rate was 1.579 on Monday.
The 90 day outlook has seen the Canadian Dollar rate drop by 6.14% from 1.71 on 11th September 2016 to 1.6050 today. Based on these figures, £750 would have bought you $78.75 more three months ago that it would have today. We recorded a high rate of 1.727 on 2nd August 2016 and a low rate of 1.579 on 17th October 2016.
Compare Holiday Money are partners of the Foreign & Commonwealth Office Know Before You Go campaign which provides official government advice for British travellers heading abroad.
The FCO release travel alerts containing important information for travellers to any countries where the safety or security of British citizens is at risk.
Posted by Matthew Weston on 21st October 2016
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