Stay informed with real-time market insights, actionable trade ideas and professional guidance. OFX is the registered trade name of USForex Inc., a licensed money transmitter. 1 YearExhange rate has increased in the last year by 7.00% from 0.9100CAD to 0.9785CAD. 6 MonthsExhange rate has increased in the last 6 months by 11.72% from 0.8638CAD to 0.9785CAD. 30 DaysAustralian Dollar to Canadian Dollar exhange rate has increased in the last 30 days by 0.61% from 0.9725CAD to 0.9785CAD. In the same way, the Australian economy is closely related to that of New Zealand. Besides a similar geographical location, both countries rely heavily on commodity exports and they have similar major trade partners.
The exchange rate for the Canadian Dollar was last updated on March 9, 2021 from The International Monetary Fund. This Australian Dollar and Canadian Dollar convertor is up to date with exchange rates from March 10, 2021. The Australian Dollar and the Canadian Dollar is a popular currency pair used on the currency exchange markets. The Canadian dollar is the official currency of Canada, and it also is the 7th most traded currency in the world. Some of central banks keep Canadian dollars as a reserve currency.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you bonds cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Here you are getting today’s value of one hundred and thirteen Australian Dollar to Canadian Dollar .
Aud:cad Currency Converter
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We analysis the market and forecast based on certain criteria. You must consult and follow your trading platform risk disclosure, disclaimer and all other relevant documents. All our currency pairs are based on the official exchange rates from the European Central Bank. Use our currency converter below to download historical exchange rates between Australian Dollar and Canadian Dollar. Convert Australian Dollar to Canadian Dollar using the currency converter with the latest foreign exchange rates. The trend trading strategy is a favorite among novice forex traders since markets tend to move in line with overriding trends most of the time.
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal currency circumstances. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Use this to see how IG client accounts with positions on this market are trading other markets.
This is the page of currency pairs, Australian Dollar convert to Canadian Dollar. Below shows the current exchange rate of the currency pairs updated every 1 minutes and their exchange rates history graph. Economies.com offers quotes of international currencies among them those traded in the Forex market. Get live exchange rates with our all-in-one currency converter, transfer money and track your transfers on the go with our mobile app. Online trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex, Futures, Stock, and/or Options markets.
The strategy involves looking for trading opportunities in the direction of a currency pair’s general trend. Given below is the Australian Dollar exchange rates table. Simple and user friendly Australian Dollar Exchange Rate Calculator and Forex conversions with other currencies. The table given below shows today’s exchange rate of AUD against world’s major currencies. The economic performance of both Australia and Canada can impact AUD/CAD prices. Notable economic data to be on the lookout for when trading the pair includes inflation, industrial production, trade balances, retail sales, GDP, employment, and interest rates.
Historical Data Of The 1 Australian Dollar To The Canadian Dollar Exchange Rate
The monetary policies for the Canadian and Australian economies are set by Canada and Australia’s central banks – the Bank of Canada and the Reserve Bank of Australia, respectively. The AUD/CAD pair is interesting because the economies behind both AUD and CAD are highly dependent on commodity exports. Canada’s main exports include crude oil, wood, and grains.
Exchange rates of Australian Dollar and Canadian Dollar was updated . Add our free customizable currency converter and exchange rate tables to your site today. Get access to 20+ years of Australian dollar to Canadian dollar exchange rates, broken down by daily, weekly and monthly periods. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.
- Some of central banks keep Canadian dollars as a reserve currency.
- Technical summary provides overlook of market situation.
- During an uptrend, a stop-loss is often placed just below a swing low that occurred before entry.
- We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.
- The trend trading strategy is a favorite among novice forex traders since markets tend to move in line with overriding trends most of the time.
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More Popular Currency Pairs
As a result, AUD/CAD usually exhibits a strong relationship with NZD/CAD. However, sometimes trading bot the price breaks through and moves below the support or above the resistance.
When this happens you can use a breakout trading strategy. You can also use the swing highs and lows to identify your market entry point. In an uptrend, you could buy at the higher low, and in a downtrend, you could sell at the lower high. Since both the Australian dollar and the Canadian dollar are affected by commodity prices, AUD/CAD is greatly impacted by commodity prices. However, since there are differences in Australia and Canada’s export base, there is often a significant divergence between the basis of commodity price movements. It’s interesting to note that Australia and Canada’s economic activity shifts in opposite seasons and the two countries do relatively little trade with each other. the 10th-largest economy in the world and Australia comes in at number 14.
Aud = 0 9783 Cad
Enter the amount to be converted in the box to the left of Australian Dollar. AUD to CAD Use “Swap currencies” to make Canadian Dollar the default currency.
You can expect the greatest AUD/CAD liquidity and volatility between 7 pm and 4.30 am GMT. These times allow you to trade all the sessions in which both the Australian and Canadian dollars see significant movement.
As with other trading strategies, it’s important to have a stop order to minimize your risk. During an uptrend, a stop-loss is often placed just below a swing low that occurred before entry. Conversely, for a downtrend, a stop-loss is usually placed just above a prior swing high. It’s important to keep track of any scheduled central bank meeting. Any announcements made by either the Bank of Canada https://dowmarkets.com/ or the Reserve Bank of Australia can cause volatility in the market. You can also expect to see AUD/CAD movement as a result of day-to-day news flow, elections and changes in government policy, and economic stability outlook. On the other hand, China is responsible for a substantial amount of Australia’s exports and so economic or political data from China can influence AUD/CAD movement.