FairFX
FairFX Prepaid MasterCard®

Check out our Canadian Dollar exchange rates

I want to buy using

Currently we are only accepting payments in Pounds Sterling from UK residents.

History of the Canadian Dollar

The Canadian dollar, otherwise known as the CAD, was established in 1817 and was printed in the Bank of Montreal. The currency was made official throughout the country in 1858, moving away from the traditional sterling pound system as the Spanish dollar was most prevalent in North America. The US dollar was also a great influence for that decision, based on the proximity to and interaction with the country. Also in reference to US currency, the coins and bills in Canada are almost identical to those of the US, with the exception of the people highlighted on the currency. The coins are valued at 1c, 5c, 10c, and 25c. They are made to be the same size and of the same material as US currency, although most often Canadian currency is not accepted as a form of payment in the US.

Historical British Pound Sterling to Canadian Dollar Conversion Rates

Historically, the British pound sterling has always favored better than the Canadian dollar, which is mainly due to how the money is backed. Sterling has proven to be a more stable way to back currency; thus the pound is more successful than the gold-supported CAD. Fluctuations with the CAD are very similar to that of the US dollar as both are comparable in value and economic influences. 1948 proved to be one of the worst times for the CAD as the conversion rate remained .25 GBP to CAD. That number hasn't hit such a low since, but it has stayed steadily between .33 GBP to CAD and .50 GBP to CAD, with a high point in 1984 when the rate was .58 GBP to CAD. These numbers were most promising in the late 70s through the early 90s, though they have begun to slip back down.

Convert GBP to CAD - Recent Currency Exchange Rates

Over the last ten years, the overall currency exchange rate has remained around .44 GBP to CAD. The numbers are beginning to resemble those of the early 70s when the currency was starting to fare better, which begs the question of whether or not the CAD is heading in a downward trend. The best time for the Canadian dollar in recent years was in 2006 when the exchange rate was at .48 GBP to CAD. The worst time was in 1999 when rates hit .42 GBP to CAD. These rates are expected to either remain steady or decline in the near future just based on the economic status of the nation at the moment.

Today's Canadian Dollar exchange rates

I want to buy using

Currently we are only accepting payments in Pounds Sterling from UK residents.