AUD/CAD: what to know
The AUD/CAD rate shows how much CAD you get for 1 AUD. Right now, 1 AUD buys 0.9940 CAD at the mid-market rate. In the other direction, 1 CAD is worth 1.0060 AUD.
In the short term AUD is driven mainly by commodity prices and Chinese demand, while CAD responds to oil prices and the US economy.
The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit. The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”.
Over the past 12 months the AUD/CAD rate has ranged between 0.9031 and 0.9968 — a change of +9.94% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.