What is the GBP to CAD exchange rate today?
The exchange rate for pound to Canadian dollar can be greatly affected by the political and economic developments between the UK and Canada, as well as their diplomacy with other countries.
In the volatile foreign exchange market, the GBP to CAD exchange rate is open to fluctuation and keeping track of the rate can mean a huge difference in value when sending money from the UK to Canada.
GBP to CAD Chart
Canadian Dollar facts
Name: Canadian Dollar
Symbol: $ cent: ¢
Minor Unit: 1/100 = cent
Central Bank Rate: 1.50
Nicknames: Loonie, buck (English), Huard, piastre (French)
Freq Used: $1, $2, 5¢, 10¢, 25¢
Rarely Used: 1¢, 50¢
Freq Used: $5, $10, $20, $50, $100
Rarely Used: $1, $2, $500, $1000
Central Bank: Bank of Canada
What can affect the GBP to CAD exchange rate?
The GBP to CAD exchange rate is not only open to influence from any developments between the UK and Canada, but also by relations with their North American partner. The US, Canada and the UK 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, retail and inflation throughout the month that can affect the rate for pound to Canadian dollar. However, the rate is also affected by political conversation. Even a tweet from a political leader or influencer can cause and upturn or downturn for GBP to CAD, which proves the unpredictable nature of the foreign exchange market.
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