AUDCAD Price

    Other popular FX pairs

    Trading Conditions

    Symbol AUDCAD
    Name Australian Dollar vs Canadian Dollar
    Quote Currency CAD
    Monday Open 00:05
    Friday Close 23:59
    Session Break 00:00-00:05
    Limit and Stop Level  0
    Execution Market
    Trading Platform MT5, Mobile App, WebTrader
    Sector Forex

    Why Trade with Baxia

    ZERO Deposit Fees

    Choose from multiple (15+) deposit options such as Skrill, Neteller, Visa/Mastercard, Crypto, Local Bank and others with zero fees.


    Global Market Access

    Trade CFD's (1000+) on a wide range of instruments including Forex, Shares, Commodities, Indices, Precious Metals, Cryptocurrency and Energy.


    6 Ways to Trade

    Trade when you want and anywhere at your convenience with Windows OS, MacOS, iOS, Android, WebTrader and even Linux.


    Sub 30ms Latency Trading

    Trades are executed through liquidity engines in LD4 and access servers in Asia, Europe and Africa.


    €20,000 Protection per Claim

    Clients are protected by the independent Financial Commission's Compensation Fund.


    24/5 Unparalleled Service

    Knowledgable and prompt service available on Live Chat, Email, Phone, Whatsapp and Telegram.


    Select Your Platform

    Choose from multiple trading options based on your preference of order types, indicators, charting tools, style of trading and operating environment.

    Understanding AUDCAD

    The AUDCAD currency pair represents how many Canadian dollars (the quote currency) are needed to purchase one Australian dollar (the base currency). This pair is intriguing for a number of reasons:

    • Commodity-Driven Economies:

      Both Australia and Canada are heavily reliant on commodity exports. Australia's economy hinges significantly on mining exports, especially iron ore and coal, while Canada is a major exporter of oil. As such, the AUDCAD pair is often influenced by commodity prices.

    • Global Economic Health:

      Global economic conditions can heavily influence both currencies. For instance, strong economic growth in China, a major trading partner of Australia, can boost the AUD, while oil prices often sway the CAD.

    • Interest Rate Differentials:

      The monetary policies of the Reserve Bank of Australia (RBA) and the Bank of Canada (BoC) play a crucial role. Differences in interest rates set by these central banks can affect the attractiveness of holding these currencies.

    • Geopolitical Factors:

      Political events, trade agreements, and economic policies in both countries can have direct impacts on the AUDCAD pair.


    Tools to Use for Profiting on AUDCAD

    Given its unique characteristics, trading AUDCAD profitably requires a blend of technical analysis, fundamental insight, and a keen eye on global economic indicators.

    Commodity Price Analysis

    Understanding trends in key commodities can provide insights into the likely movement of AUDCAD.

    Economic Indicators

    Keeping tabs on economic data releases, such as GDP growth, employment rates, and trade balances from both countries, is crucial.

    Central Bank Decisions

    Policy announcements from the RBA and BoC can cause significant volatility in the pair.

    Risk Management

    Implementing effective risk management strategies is essential, considering the pair's volatility and potential for rapid movement.

    Start trading AUD/CAD now!

    Frequently asked questions

    What influences AUD/CAD exchange rates?

    The AUD/CAD exchange rate is influenced by factors such as interest rate differentials between the Reserve Bank of Australia and the Bank of Canada, commodity prices (especially since Australia is a major exporter of commodities like iron ore and Canada is a major oil exporter), and global economic trends.

    How does the economic situation in Australia and Canada affect AUD/CAD?

    Economic indicators like GDP growth, employment rates, and trade balances in both Australia and Canada can significantly impact the AUD/CAD pair. For example, a stronger economic outlook in Australia compared to Canada may boost the AUD against the CAD.

    What are the best times to trade AUD/CAD?

    The best times to trade are typically when the market is most active, which is usually during the overlap of trading sessions in New York and London. Additionally, economic data releases from both countries can create volatility and trading opportunities.

    What strategies are commonly used for trading AUD/CAD?

    Traders often use strategies such as technical analysis, fundamental analysis, and carry trade strategies. The choice of strategy depends on the trader’s risk tolerance, investment horizon, and market analysis.

    How do interest rate decisions from the Reserve Bank of Australia and the Bank of Canada impact AUD/CAD?

    Interest rate decisions can have a significant impact on the AUD/CAD pair. If one central bank is raising rates while the other is holding or lowering them, it could lead to a strengthening of the currency of the country with the higher rates.

    What role do commodities play in trading AUD/CAD?

    Since both Australia and Canada are major commodity exporters, the prices of commodities like oil, gold, and iron ore can impact the AUD/CAD exchange rate. For instance, rising oil prices can strengthen the CAD, while increasing iron ore prices might bolster the AUD.

    Can geopolitical events affect the AUD/CAD trading?

    Yes, geopolitical events, especially those impacting global trade, can affect AUD/CAD. Since both currencies are considered commodity currencies, global events that impact commodity markets can influence this pair.

    What should new traders know about trading AUD/CAD?

    New traders should understand the economic fundamentals of both Australia and Canada, be aware of the times of key economic releases, and start with a risk-managed approach. It’s also recommended to start with a small amount when trading with real money.

    Get more tools and resources for trading with Baxia Markets

    Beginner or Advanced? View our full suite of tools and resources to help traders of all levels.

    Forex Full Course

    Get started quickly with our free forex trading course for beginners to level up on your trading knowledge.

    Forex Calculators

    Evaluate your risk, monitor profit or loss for each trade & estimate trading costs with our full suite of calculators.

    Economic Calendar

    Follow high impact news and events for the financial markets including the latest economic data.

    Market Research

    Stay up to date with the latest fundamental and technical analysis from the Baxia Markets Analyst team.

    Help Center

    Find answers to common questions and topics related to trading with Baxia Markets and the trading platforms.

    Education Center

    View our collection of free educational resources to help you become a profitable trader and learn risk management.

    More Trading Opportunities

    More than 1000 CFD instruments to trade on multiple asset classes with one broker.


    Precious Metals

    Crypto CFDs