What is the GBP to CAD exchange rate today?

What is the GBP to CAD exchange rate today?

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The pound to Canadian dollar exchange rate can be affected by a multitude of factors, mostly economic and political occurrences.

Canadian Dollar facts

Name: Canadian Dollar

Symbol: $ cent: ¢

Minor Unit: 1/100 = cent

Central Bank Rate: 1.50

Inflation: 1.60%

Nicknames: Loonie, buck (English), Huard, piastre (French)

Coins: 

Freq Used: $1, $2, 5¢, 10¢, 25¢

 

Rarely Used: 1¢, 50¢

Banknotes: 

Freq Used: $5, $10, $20, $50, $100

Rarely Used: $1, $2, $500, $1000

Central Bank: Bank of Canada 

Website: www.bankofcanada.ca 

Users: Canada

The Canadian dollar exchange rate can even be affected by relations with their North American partner, the US and the two are inextricably linked, particularly when it comes to trade which is one of the factors that often affects currency rates. 

Both countries receive data relating to manufacturing, retails and inflation throughout the month that can affect the pound to dollar rate, but it is also affected by political conversation. Even a tweet from a political leader or influencer can have an effect on the foreign exchange market. Because of the unpredictable nature of these factors, particularly political voices, it can be difficult to navigate the foreign exchange market when you have a large international payment to make. We have helped clients send savings and pensions abroad, buy property overseas and even repatriate money back to their home country since 1979. If you sign up to an account with us today, you can utilise our expert guidance to ensure you make the most of every single penny you send abroad. 

Watch live FX rates change in our Currency Zone.

Watch live FX rates change in our Currency Zone.

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