Trade Australian Dollar / Canadian Dollar

AUD/CAD

The base currency – AUD. The counter currency – CAD. The AUD/CAD rate represents the relationship between the Australian and Canadian dollars. This currency pair enables traders to take advantage of macroeconomic events in specific international markets of Canada and Australia without being directly exposed to the Forex majors. Note that the AUD/CAD chart is sensitive to broader commodity price trends, as the economies of both countries are strongly tied to natural resources exports.
 

Australian dollar vs Canadian dollar

Considered to be a relatively stable currency pair, AUD/CAD significantly depends on commodities’ price fluctuations. By virtue of the close relations and historical ties to China and its hard commodities, Australia has developed a long-term relationship between precious metals and the AUD currency. The Canadian dollar strongly depends of the crude oil price, due to the country’s position of principal commodity exporter.

Canadian dollar fortunes are deeply connected with the US – Canada’s closest and largest neighbour and trading partner. The Australian dollar is more related to the market environment on the emerging Asian markets.
 

AUD – Australian dollar

The Australian dollar is the official currency of the Commonwealth of Australia, including the Australian mainland and its territories, as well as Nauru, Kiribati, Zimbabwe and Tuvalu. The AUD’s popular nickname is “the aussie”. The currency operates under the dollar sign ($) and is often referred to as AU$ or A$ to separate it from the USD.
 
The 5th most widely-traded currency in the world, AUD enjoys 8.6% of share in daily Forex transactions. The currency is managed by the Reserve Bank of Australia and is traded under the currency code AUD.
 
The Australian dollar was launched in 1966. It is issued in banknotes and coins and is divided into 100 cents. The aussie is denominated into 5c,10c,20c, 50c, $1 and $2 coins and $5, $10, $20, $50 and $100 bills.
 

CAD – Canadian dollar

The official currency of Canada, the Canadian dollar operates under the dollar sign ($) and is often referred to as C$, CA$ or CAD$. The CAD is the 5th most held currency globally, with approximately US$119 billion. Often nicknamed as “loonie” for the loon image on its $1 coin, the Canadian dollar is managed by the Central bank of Canada and is traded under the CAD currency code.
 
The Canadian dollar was firstly issued in 1858 and officially replaced the pound. Still, different Canadian territories used different currencies, so in 1871 the Uniform Currency Act was passed to unify all the territories under the single Canadian dollar.
 
Currently the Bank of Canada issues the 5¢, 10¢, 25¢, 50¢, $1 (loonie) and $2 (toonie) coins and $5, $10, $20, $50 and $100 bills.
 

How to learn the AUD/CAD live rate?

AUD/CAD is one of the most popular currency pairs traded on the Forex market. Join Capital.com to learn and trade CFDs on the AUD/CAD price fluctuations and follow the AUD/CAD chart in real-time.

Latest currencies articles

General Election 2024 written on a sign with Elizabeth Tower and Big Ben in the background
UK ELECTION: GBP holds steady as counting gets underway, Labour majority expected
UK assets are holding steady as exit polls show a clear Labour win after the UK general election
01:08, 5 July 2024
AUD/USD analysis: Focus turns to GDP data after unexpected CPI rise
Higher-than-expected monthly CPI data watered down expectations for RBA interest rate cuts in 2024; the markets will now shift attention to quarterly GDP data on Wednesday, June 5.
15:34, 4 June 2024
Market analysis: GBP/USD not backing down despite rejection at 1.28
GBP/USD turned bearish on Wednesday after being rejected at 1.28 the day prior. It’s not the first time the pair has been rejected at that level which suggests it has become somewhat of a psychological barrier, at which buyers need to show increased commitment to overcome.
11:28, 31 May 2024
PCE Index Preview: Forecasts point to no change in headline or core inflation from a month earlier
The markets continue to look for signals of disinflation in the United States. The latest PCE Index data, the US Federal Reserve’s preferred inflation gauge, is released on May 31, 2024.
12:56, 29 May 2024

Read our reviews to find out more about us

Read the feedback from our clients, whatever their experience level.

the simplicity and the pros of this app makes it amazing and a useful app

Hafsa

I have already tested many brokers and I can definitely say that Capital.com is the most professional trading tool.

PaCeKw

Capital.com is a good broker. I haven't had any problems with the trading platform but i qould advise that they add an option for either using lots or units.

Mr-phenom

I am in the first time but I look this website in YouTube there's a very good and safe platform for a traders Thinks for taking my opinion

MUHAMMAD JALIL MUHAMMAD ASGHAR

great UI, simple platform, low spreads, great coverage

Jihad Kattar

The videos are easy to follow, i get my profits and downs and understand the market now even more. This app is very well to understand. I would recommend this app to friends if they want to know.

Customer

Good and amazing app for trading and easy setups easy and smooth buy and sell amazing

QAISAR ALI

Excellent for people who would like to get and build all the experience needed to navigate to Stock Market.

Johnsy81

Overall my experience is very good with capital, the one best thing is they give you call support with most other broker apps don’t gives.

Ranjit

I have been usingCapital.comm platform for a year now. I did have some issues with using the platform in the earlier days but I received excellent support from Capital.com guiding me in the process of learning about the platform and put me on track. I am very happy with this platform and find it very easy to use for my trading needs. Capital.com also arranged a series of trading webinars last summer, which I attended and benefited from.

Dr Anjum Pervez

The best app for trade ever I tried to much trade app and this is the best

Moamen

Great website, easy to use and user friendly. Lot of markets to trade with. Good database of information and learning tutorials for beginner. Great customer support. I had some issues and they helped me solve them rapidly. One of the best broker, I recommend.

Nicolas Crampet

Trusted trading Platform Capital.com is the most trusted trading platform I ever experienced. Even without taking any demo,I have started funding and it’s going well. It is a very easy platform for the beginners and can have better trading experience by using this

JEYAKUMAR

great app, love the weekly and monthly insights, and review they send about my trading habits. spread for gold is usually 0.3 but at times fluctuates up to 0.9 this often makes it hard trading on the low time frames and not losing my position to spread even if my bias was correct, if the spread was better I'd give 5 star.

chris hoeben

Capital.com is the best broker of all time and I Should give it five stars but there is a small issue about execution of my orders through traddingview it is a bit slow. But the execution of orders directly from the capital.com App or Website is absolutely fast and apart from that everything is simple incredible.

IKOFO MOISE

Ready to join a leading broker?

Join our community of traders worldwide
1. Create your account2. Make your first deposit3. Start trading