Damon Mcknight
The Canadian dollar to Australian dollar exchange rate is a highly searched topic, with many people wanting to know how much their money is worth in the other currency. The exchange rate fluctuates daily, with the Canadian dollar sometimes gaining value against the Australian dollar and vice versa. Exchange rates are determined by supply and demand, which is influenced by factors such as interest rates, economic strength, and political stability. As of April 9, 2025, the highest exchange rate in the past year was 1 Canadian dollar to 1.1782 Australian dollars. On the other hand, the lowest exchange rate during this period was on November 8, 2024, when 1 Canadian dollar was only worth 1.0802 Australian dollars. It is important to stay up to date with the latest exchange rates when travelling between Canada and Australia or when conducting international business transactions to ensure you are getting the best value for your money.
| Characteristics | Values |
|---|---|
| Current exchange rate | 1 Canadian dollar = 1.121 Australian dollar |
| Exchange rate on 30 April 2025 | 1 Canadian dollar = 1.136 Australian dollar |
| Exchange rate on 5 May 2025 | 1 Canadian dollar = 1.116 Australian dollar |
| Highest exchange rate in the last 6 months | 1 Canadian dollar = 1.1782 Australian dollar |
| Lowest exchange rate in the last 6 months | 1 Canadian dollar = 1.0802 Australian dollar |
| Average exchange rate in the last 6 months | 1 Canadian dollar = 1.1132 Australian dollar |
Explore related products
What You'll Learn
Live exchange rate
Exchange rates are expressed as 1 unit of a foreign currency converted into Canadian dollars. The Bank of Canada publishes its exchange rates each business day by 16:30 ET. These rates are indicative only and are obtained from averages of aggregated price quotes from financial institutions.
When using a currency converter, you can select CAD in the first dropdown as the currency you want to convert and AUD in the second dropdown as the currency you want to convert to. The converter will then show you the current CAD to AUD rate.
It is important to note that some leading competitors may add hidden markups to their exchange rates, charging you more without your knowledge. Banks and traditional providers may also have extra costs, which they pass on to customers by marking up the exchange rate.
Echidnas' Diet: What Do They Eat in Australia?
You may want to see also
Explore related products
Historical exchange rates
Looking further back, historical data from 7 November 2024 to 6 May 2025 shows that the CAD/AUD rate increased by 3.14% over this six-month period, indicating a rise in the value of the Canadian dollar relative to the Australian dollar. During this time, the highest exchange rate occurred on 8 or 9 April 2025, with 1 CAD worth 1.1776 or 1.1782 AUD. Conversely, the lowest exchange rate during this period was on 7 or 8 November 2024, when 1 CAD was worth approximately 1.08 AUD.
Over a longer time frame, the average exchange rate for the past five years, from 6 May 2020 to 6 May 2025, is expected to provide additional insights into the historical fluctuations between the two currencies. External factors, such as economic indicators, geopolitical events, and central bank decisions, can influence exchange rates. For example, GDP growth, inflation, interest rate changes, elections, and trade agreements have all been known to impact the relative values of currencies.
Applying for Australian Travel Exemption: What You Need to Know
You may want to see also
Explore related products
![The Candlestick Trading Bible [50 in 1]: Learn How to Read Price Action, Spot Profitable Setups, and Trade with Confidence Using the Most Effective Candlestick Patterns and Chart Strategies](https://m.media-amazon.com/images/I/710XCiBk+9L._AC_UL320_.jpg)
Exchange rate fluctuations
Exchange rates fluctuate constantly due to a variety of economic and political factors. The exchange rate between the Canadian dollar and the Australian dollar, for example, was 1.121 on May 6, 2025, with a 0.321% change from the previous day. On April 9, 2025, the exchange rate was at its highest, with 1 Canadian dollar worth 1.1782 Australian dollars. Conversely, on November 8, 2024, the exchange rate was at its lowest, with 1 Canadian dollar worth 1.0802 Australian dollars. Over the last six months, the average exchange rate has been 1 Canadian dollar to 1.1132 Australian dollars.
Fluctuations in exchange rates are influenced by supply and demand, which in turn depend on the perceived value of owning a particular currency. This value can be influenced by various factors, including paying for goods and services or investment opportunities. For example, if the Canadian dollar is rising against the Australian dollar, it indicates that the Canadian dollar is in higher demand at that time. Exchange rates can also be influenced by inflation and interest rates, with an unexpected interest rate cut or increase potentially having a significant impact on exchange rates.
The stability of a country's economic and political situation can also affect exchange rates. For instance, the outcome of an election can influence a country's currency if the market expects it to result in faster or slower economic growth. Additionally, economic data such as Gross Domestic Product (GDP) and unemployment rates can impact market expectations and, consequently, exchange rates.
Hominin History: Homo Erectus in Australia
You may want to see also
Explore related products
Average exchange rate
The average exchange rate between the Canadian dollar and the Australian dollar has fluctuated over the years. On 6 May 2020, the exchange rate was 1 CAD to 1.121 AUD. This reflected a 0.321% change since the previous day, with the Canadian dollar's value decreasing by 0.574% over the past week. During that week, the exchange rate fluctuated between a high of 1.136 AUD on 30 April and a low of 1.116 AUD on 5 May.
The highest Canadian dollar to Australian dollar rate in recent years occurred on 9 April 2025, when 1 Canadian dollar was worth 1.1782 Australian dollars. Conversely, the lowest exchange rate during this period was on 8 November 2024, when 1 Canadian dollar was only worth 1.0802 Australian dollars.
Over the last six months, the average exchange rate has been relatively stable, with 1 Canadian dollar equalling approximately 1.1132 Australian dollars. This stability is in contrast to the more volatile fluctuations observed in the daily and weekly exchange rates.
It is worth noting that these exchange rates are historical data and do not necessarily reflect real-time or accurate values. Exchange rates are influenced by various factors, including economic conditions, market sentiment, and central bank policies in both Canada and Australia.
Trade Deal: India-Australia Free Trade Agreement Explained
You may want to see also
Explore related products
Exchange rate comparisons
Exchange rates fluctuate constantly, and the Canadian dollar to Australian dollar rate is no exception. Exchange rates are expressed as 1 unit of the foreign currency converted into Canadian dollars.
On April 9, 2025, the Canadian dollar reached its highest value against the Australian dollar, with 1 Canadian dollar worth 1.1782 Australian dollars. Conversely, on November 8, 2024, the Canadian dollar hit its lowest point, with 1 Canadian dollar equalling only 1.0802 Australian dollars.
Over the past six months, the average exchange rate has been 1 Canadian dollar to 1.1132 Australian dollars. As of May 6, 2025, the rate is 1.121, a slight decrease from the high of 1.136 on April 30, 2025.
It is worth noting that banks and traditional providers may have extra costs associated with currency exchange, and their rates may not always be competitive. Online currency converters, such as Wise, offer a mid-market rate without hidden markups, providing users with a more efficient and cost-effective option.
Australian Lawmaking: How Bills Become Laws
You may want to see also
Frequently asked questions
The Canadian dollar (CAD) to Australian dollar (AUD) exchange rate is 1 CAD to 1.121 AUD.
The value of the Canadian dollar has decreased by 0.574% over the past week, with the exchange rate fluctuating between a high of 1.136 on 30-04-2025 and a low of 1.116 on 05-05-2025.
The highest exchange rate in the last six months was on April 9, 2025, when 1 Canadian dollar was worth 1.1782 Australian dollars. The average exchange rate over the last six months was 1 CAD to 1.1132 AUD.
