CAD vs AUD
🇦🇺1 CAD = 1.02 AUD
Rates as of 2026-07-22 · Source: European Central Bank
Quick Stats
Historical Comparison
CAD / AUD| Period | Then | Now | Change | Trend |
|---|---|---|---|---|
Source: European Central Bank via Frankfurter API
About CAD / AUD
🇨🇦 CAD — Canadian Dollar
The Canadian Dollar, often called the 'Loonie' after the loon bird on the one-dollar coin, is the fifth most held reserve currency in the world. It is closely tied to commodity prices, especially oil.
🇦🇺 AUD — Australian Dollar
The Australian Dollar is the fifth most traded currency in the forex market. It is considered a commodity currency due to Australia's significant exports of iron ore, coal, and natural gas.
Key Factors Affecting CAD/AUD
🇨🇦 CAD Drivers
- Crude oil and commodity prices
- Bank of Canada interest rate decisions
- US-Canada trade relations and USMCA
- Canadian housing market and employment data
🇦🇺 AUD Drivers
- Iron ore and commodity prices
- Chinese economic demand and trade relations
- RBA interest rate decisions
- Australian employment and inflation data
💡 Did You Know? — CAD
Canada's one-dollar coin features a common loon, which is why the Canadian dollar is nicknamed the 'Loonie.'
💡 Did You Know? — AUD
Australian banknotes are made of polymer (plastic) rather than paper, making them waterproof — Australia was the first country to adopt polymer notes.
Economy Overview
🇨🇦 Canada
Canada has a resource-rich economy with significant exports of crude oil, natural gas, and minerals. The Bank of Canada sets monetary policy independently from the US despite close economic ties.
🇦🇺 Australia
Australia has enjoyed decades of uninterrupted economic growth and is a major exporter of natural resources, particularly to China. The Reserve Bank of Australia (RBA) manages monetary policy.