The real GBP/CAD rate
The interbank (mid-market) rate as the basis; the ibani margin, from 0.40% to 0.15% depending on the amount, is shown separately.
GBP → CAD · Real-time rateConvert pounds sterling
into Canadian dollars (GBP → CAD)
1 GBP = 1.8562 CAD as of 29 October 2026 (indicative rate for an amount below the equivalent of CHF 10,000, ibani margin included; the rate applied is the one in effect when you place your order).
Change your pounds sterling (GBP) into Canadian dollars (CAD) at the real interbank rate, in real time. Ideal for a property purchase, tuition fees or a transfer to a loved one in Canada, with a margin from 0.40% to 0.15% and no hidden fees.
GBP → CADCurrency pair
Real timeMarket rate
0.15%Margin from
Simulate your transfer
No hidden fees1 GBP = 1.8562 CAD Rate as of 29 October 2026
1'856.22
Estimated annual saving
—
vs. a traditional bank
35'000+ clientsIndividuals & businesses
CHF 1 Billion+Exchanged since 2018
Up to 10× cheaperThan a traditional bank
4.7/5 · ExcellentOn 2'000+ client reviews
GBP/CAD conversion at a glance
Convert pounds sterling into Canadian dollars, at the right rate
The essentials to change your GBP into CAD with no nasty surprises on the rate or the fees.
A margin from 0.15%
Transparent and sliding, up to 10× cheaper than a bank. No hidden fees.
Personal Swiss IBAN
Fund your account in pounds sterling and execute your transfers in Canadian dollars, automatically converted at the real rate (+ margin from 0.15%).
A reliable Swiss partner
ibani SA, founded in Geneva in 2018, a financial intermediary affiliated with SO-FIT, a self-regulatory organisation recognised by FINMA.
What you really pay
GBP → CAD: ibani, bank or exchange office?
On a 5'000 GBP exchange per month, the margin applied to the rate makes all the difference over the year.
| Criterion | ibani | Bank | Exchange office |
|---|---|---|---|
| Starting rate | Real interbank | "In-house" rate | "In-house" rate |
| Exchange margin | 0.40% | ~1.5 to 2% | Often > 2% |
| Transfer fees | 0 GBP | Variable | — |
| Estimated annual cost* | ~240 GBP | ~900 GBP | > 1'000 GBP |
| 100% digital tracking | Yes | Partial | No |
*Indicative orders of magnitude for a 5'000 GBP/month exchange over 1 year. See the details on our Rates page.
Rate movement
GBP / CAD exchange rate live
Follow the pair's trend to choose the right moment for your exchange.
| Indicator | 30 days | 90 days |
|---|---|---|
| High | 1.8918 | 1.8934 |
| Low | 1.8664 | 1.8615 |
| Average | 1.8805 | 1.8789 |
| Change | −0.63% | −0.96% |
European Central Bank reference rates, from 31 July to 28 October (90 days) and from 29 September to 28 October (30 days), 2026. Cross rates calculated via the euro. Excluding exchange margin: these figures are not directly comparable with the rate shown at the top of the page, which includes the ibani margin.
Conversion tables
How much is 1 GBP worth in CAD (and vice versa)?
Indicative amounts, ibani margin included, updated continuously.
Indicative rate as of 29 October 2026, ibani margin included; the rate applied is the one in effect when you place your order.
How to convert
Your GBP changed into CAD, in 3 steps
Create your ibani account for free
100% digital sign-up in 5 minutes, with no opening or account maintenance fees.
Get your personal Swiss IBAN
Fund your account in pounds sterling from your bank, in a few clicks.
Send your Canadian dollars at the real rate
ibani converts your GBP into CAD at the market rate, plus a margin of 0.40% to 0.15% depending on the amount, and executes the transfer to the beneficiary, the same day.
CHF
EUR
USD
SGDMarkets · updated 19 October 2026
GBP/CAD: what has moved in recent months
A point and a half between two central banks on hold: the Bank of England at 3.75% since 17 September, the Bank of Canada at 2.25% since 2 September. That differential supports the pound, while the loonie has been hit by the loss of 68,000 jobs in September. One pound is worth 1.8761 Canadian dollars at the 19 October reference rate.
GBPSterling at its strongest against the euro in sixteen months
On 17 September 2026 the Bank of England kept Bank Rate at 3.75% by six votes to three: Megan Greene, Catherine Mann and Huw Pill wanted to raise it to 4%. UK inflation rose back to 3.1% in August, from 2.9%; the September figure is published on 21 October. At the ECB reference rate of 19 October, EUR/GBP fell to 0.84205, its low for the year and its weakest level since June 2025. The next decision is on 5 November 2026, then on 17 December.
CADThe Bank of Canada on hold, jobs fall
The Bank of Canada kept its target for the overnight rate at 2.25% on 2 September 2026. Canadian inflation rose to 3.1% year on year in September, from 3.0% in August, according to Statistics Canada. The economy lost 68,000 jobs in September and unemployment rose to 6.5%; the Canadian dollar hit its low for the year against the US dollar on 12 October, at 1.4262 Canadian dollars per US dollar, before returning to 1.4074 on 19 October. The next decision is on 28 October 2026, alongside the Monetary Policy Report.
GBP → CAD
What it means for you
Inflation is at the same level in both countries, 3.1% in the United Kingdom in August as in Canada in September, but the two central banks do not draw the same conclusions from it. The decisions of 28 October (Canada) and 5 November (United Kingdom) are the two dates to watch for a regular flow between these currencies.
ECB reference rate on 19 October 2026: 1 GBP ≈ 1.8761 CAD (excluding margin). The rate shown at the top of the page includes the ibani margin; the converter shows the live rate.
Sources: Bank of England, monetary policy summary of 17 September 2026 · Office for National Statistics, August 2026 consumer price index · ECB, euro foreign exchange reference rates · Bank of Canada, statement of 2 September 2026 · Statistics Canada, Consumer Price Index and Labour Force Survey, September 2026.
General market information, compiled from the sources cited; it constitutes neither investment advice nor a forecast.
The economics of the pair
GBP/CAD: the Bank of England versus the Bank of Canada
The rate between the pound sterling (GBP) and the Canadian dollar (CAD) is a major cross pair on the foreign exchange market. Its dynamic is dictated by the relationship between two central banks: the Bank of England (BoE) and the Bank of Canada (BoC).
The pound sterling above all reflects the health of the UK economy and the BoE's policy. Since Brexit, it has been particularly sensitive to UK inflation, growth and employment data, as well as to the Bank of England's schedule of monetary tightening or easing.
The Canadian dollar, for its part, is a commodity-linked currency. As Canada is a major exporter of oil, the "loonie" (the CAD's nickname) often appreciates when the price of crude rises, and it remains closely correlated to the North American economic situation. The Bank of Canada adjusts its key rates according to inflation and the strength of domestic demand.
The result: the GBP/CAD rate moves with the monetary policy gap between London and Ottawa, the price of commodities and investors' risk appetite. A rising barrel of oil tends to support the CAD (and therefore push GBP/CAD lower), while a BoE more restrictive than the BoC supports the pound.
On the same topic, discover how to change your currency online and calculate an exchange rate.
Written by Brice Delhome.
Frequently asked questions
Frequently asked questions about GBP/CAD exchange
There is no universally ideal day. The GBP/CAD rate depends on market movements and on the decisions of the Bank of England (BoE) and the Bank of Canada (BoC). The Canadian dollar, a commodity-linked currency, often strengthens when the oil price rises, while the pound reacts to BoE announcements on UK inflation. Monitor the real rate continuously and trigger your exchange at the moment that suits you.
The GBP/CAD rate is a cross pair that reflects two distinct dynamics: on one side the monetary policy of the Bank of England and the health of the UK economy, on the other the price of commodities (oil first and foremost) and the decisions of the Bank of Canada. The interest-rate gap between the two central banks and the markets' risk appetite play a decisive role.
With ibani, you get a personal Swiss (CH) IBAN. You fund your account in pounds sterling, ibani converts your GBP into Canadian dollars at the real market rate, plus a margin of 0.40% to 0.15% depending on the amount, and executes the transfer in CAD to the beneficiary of your choice, with no hidden fees. It's ideal for a property purchase, tuition fees or a payment to a loved one settled in Canada.
ibani applies a transparent margin from 0.40% to 0.15% on the real interbank rate, decreasing with amounts. There are no opening or account maintenance fees. It's up to 10× cheaper than a traditional bank. Transfers in currencies other than CHF and EUR may be subject to correspondent bank fees. See the details on the Rates page.
Change your pounds sterling
into Canadian dollars at the right rate.
Get a personal Swiss IBAN, convert your GBP into CAD at the real rate (+ margin from 0.15%) and pay your beneficiaries with no hidden fees. Free account opening, 100% digital, in 5 minutes.✓ Real interbank rate · ✓ Margin from 0.15% · ✓ Affiliated with SO-FIT (SRO)
* Transfers in currencies other than EUR and CHF may be subject to correspondent bank fees.
Swiss financial intermediary subject to the AMLA regulatory framework
Your money is handled with the utmost regulatory rigour.
ibani SA is a FinTech company established since 2018 in the heart of Geneva, Switzerland. We are a financial intermediary audited for our activity, with thousands of clients and exchange operations to our name.
ibani SA is affiliated with SO-FIT as a financial intermediary within the meaning of Article 2 para. 3 of the Anti-Money Laundering Act (AMLA). SO-FIT is a self-regulatory organisation recognised by the Swiss Financial Market Supervisory Authority (FINMA).