CAD/AUD: what to know
The CAD/AUD rate shows how much AUD you get for 1 CAD. Right now, 1 CAD buys 1.0069 AUD at the mid-market rate. In the other direction, 1 AUD is worth 0.9932 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while AUD responds to commodity prices and Chinese demand.
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”. The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit.
Available archived CAD/AUD observations within the last 365 days range from 0.9997 to 1.1020, with a -8.65% change from the first to the last available sample. This is not necessarily a full year of observations or an intraday range.
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.