1 AUD to CAD - Convert Australian Dollar to Canadian Dollar

Looking at the 30-day window, the AUD/CAD pair traded in a range of 0.955200 to 1.030200. The monthly average was 0.993830 with 1.88% volatility. The relatively low volatility indicates stable trading conditions for the AUD/CAD currency pair.

The current mid-market exchange rate is 1 AUD = 0.991351 CAD, updated as of June 4, 2026, 2:20 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Australian Dollar to Canadian Dollar Exchange Rate

AUD/CAD pairs two of the world's most prominent commodity currencies. Australia exports iron ore, coal, and LNG while Canada exports crude oil, natural gas, and lumber. Both economies are heavily tied to global resource demand, which means AUD/CAD often reflects the relative performance of different commodity sectors rather than traditional economic divergence between two countries.

Iron Ore Versus Oil

The unique character of AUD/CAD comes from its commodity composition. When iron ore prices are rising faster than oil prices, the Australian dollar tends to outperform the Canadian dollar, pushing AUD/CAD higher. When oil surges while iron ore stagnates, the reverse happens. During the 2020-2021 period, iron ore hit record highs above $200 per ton while oil was still recovering from its pandemic collapse, sending AUD/CAD sharply higher. When oil rallied to $120 in 2022 while iron ore corrected, AUD/CAD fell back. This dynamic makes AUD/CAD a popular pair among commodity traders who want to express a view on relative commodity performance without taking a position against the US dollar. Mining analysts and energy traders both watch this pair because it distills the global commodity cycle into a single exchange rate.

What Drives the AUD/CAD Rate

Iron ore versus oil price dynamics are the most distinctive driver. RBA and Bank of Canada interest rate decisions, Chinese demand (affecting AUD more), US economic health (affecting CAD more), and global risk appetite all play roles. The pair tends to be range-bound during periods when commodities move together, and trending when specific commodity sectors diverge. Australian housing data and Canadian employment figures add domestic factors on each side.

What a Conversion Really Costs

AUD/CAD is moderately liquid. Banks charge 1.5-3%. Online services offer 0.5-1.2%. For Australians emigrating to Canada or Canadians moving to Australia, the rates available through specialist currency brokers can save significant amounts on property-related transfers. Both countries have competitive fintech sectors, so provider choice is wide in both directions.

How to Get the Best AUD to CAD Rate

Compare the mid-market rate on this page with your provider. Since both currencies are commodity-linked, watching oil and iron ore prices gives useful directional signals for timing. For large transfers, specialist brokers negotiate better rates than banks or standard online services. Multi-currency accounts holding both AUD and CAD work well for people with financial commitments in both countries. The pair's commodity-driven nature means monitoring mining sector news from both countries gives useful signals for anticipating rate direction.