1 Canadian Dollar in Australian Dollars
Exchange Rate: CAD to AUD
As of the current date, the exchange rate for 1 Canadian Dollar (CAD) in Australian Dollars (AUD) is:
1 CAD = approximately 1.12 AUD
Historical Exchange Rate
The exchange rate between the Canadian Dollar and the Australian Dollar has fluctuated over time. Here's a brief historical overview of the exchange rate:
- 2022: 1 CAD = approximately 1.10 AUD
- 2021: 1 CAD = approximately 1.07 AUD
- 2020: 1 CAD = approximately 1.04 AUD
- 2019: 1 CAD = approximately 1.02 AUD
Factors Affecting the Exchange Rate
The exchange rate between the Canadian Dollar and the Australian Dollar is influenced by various economic factors, including:
- Interest Rates: Changes in interest rates set by the Bank of Canada and the Reserve Bank of Australia can affect the exchange rate.
- Inflation: Differences in inflation rates between Canada and Australia can impact the exchange rate.
- Trade: The balance of trade between the two countries, particularly in commodities such as oil and natural resources, can influence the exchange rate.
- Economic Indicators: Gross Domestic Product (GDP), employment rates, and other economic indicators can also affect the exchange rate.
Converting CAD to AUD
If you're planning to travel from Canada to Australia or conduct business transactions between the two countries, it's essential to stay up-to-date with the latest exchange rates. You can use online currency converters or consult with a financial institution to convert your Canadian Dollars to Australian Dollars.
Additional Resources
For more information on exchange rates, economic indicators, and currency conversion, you can visit the following websites:
- Bank of Canada:
- Reserve Bank of Australia:
- XE.com:
Remember to always check the current exchange rate before conducting any transactions to get the best possible rate.
