1 Canadian Dollar to Australian: Current Exchange Rate and Conversion
Are you planning a trip from Canada to Australia or vice versa? Or are you looking to conduct international business between these two countries? Whatever your reason, it's essential to stay updated on the current exchange rate between the Canadian dollar (CAD) and the Australian dollar (AUD).
Current Exchange Rate:
As of the current date, the exchange rate is:
1 CAD = 1.06 AUD
This means that if you exchange 1 Canadian dollar, you will receive approximately 1.06 Australian dollars.
Conversion:
Here's a quick conversion guide to help you navigate your international transactions:
- CAD to AUD:
- 1 CAD = 1.06 AUD
- 5 CAD = 5.30 AUD
- 10 CAD = 10.60 AUD
- 50 CAD = 53.00 AUD
- 100 CAD = 106.00 AUD
- AUD to CAD:
- 1 AUD = 0.94 CAD
- 5 AUD = 4.70 CAD
- 10 AUD = 9.40 CAD
- 50 AUD = 47.00 CAD
- 100 AUD = 94.00 CAD
Historical Exchange Rate:
The exchange rate between CAD and AUD has fluctuated over the years. Here's a brief overview of the historical exchange rate:
- 2022: The CAD/AUD exchange rate ranged from 1.03 to 1.10
- 2021: The CAD/AUD exchange rate ranged from 0.97 to 1.04
- 2020: The CAD/AUD exchange rate ranged from 0.91 to 1.02
- 2019: The CAD/AUD exchange rate ranged from 0.95 to 1.07
Factors Affecting the Exchange Rate:
Several factors can influence the exchange rate between CAD and AUD, including:
- Economic indicators: GDP growth, inflation rates, and unemployment rates
- Central bank policies: Interest rates set by the Bank of Canada and the Reserve Bank of Australia
- Commodity prices: Fluctuations in oil, gold, and other commodity prices
- Political events: Geopolitical tensions, trade agreements, and government policies
Conclusion:
Staying informed about the current exchange rate between CAD and AUD is crucial for anyone conducting international transactions. Remember to check the current exchange rate regularly to ensure you're getting the best deal. Additionally, understanding the factors that affect the exchange rate can help you make more informed decisions when exchanging currencies.
