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[[ data.price ]] [[ data.change ]] ([[ data.changePercent ]]%)
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About
History
Why Trade?
About
History
Why Trade?
The GBP to CAD currency pair is a popular way to exchange one currency for another. This pair has been used by traders for many years, as it allows them to take advantage of the differences in value between the British pound and the Canadian dollar. The two currencies have a close relationship, with the British pound being more valuable than the Canadian dollar. As such, traders often use this pair to benefit from the fluctuations in exchange rates between the two currencies.
The GBP/CAD pair is also known to provide a good amount of liquidity, making it attractive to investors and traders alike. Those looking to purchase Canadian dollars with British pounds can expect to find competitive exchange rates and plenty of opportunities for profit. This popular currency pair is an excellent option for those who wish to take advantage of the fluctuations between two major currencies.
The British Pound (GBP) and Canadian Dollar (CAD) currency pair has seen an interesting price history. The highest-ever recorded rate was 2.62 in October 1998, while the lowest-ever recorded rate was 1.4909 in September 2022. The CAD to GBP rate has fluctuated significantly since then, with many peaks and troughs, as the political and economic circumstances of both countries have changed over time.
The current rate stands at around 1.7, which is closer to the average rate for the period since 2022. It is expected that the rate will continue to fluctuate over time, as economic and political factors in both countries change. Investors should keep a close eye on the GBP to CAD currency pair as any changes could have a significant impact on their investments.
When trading the GBP to CAD currency pair, traders benefit from strong and stable economic fundamentals, low volatility and highly liquid markets. The two countries have a long history of partnership and trade, making this an ideal pair for those looking to capitalize on their relationship. The GBP/CAD currency pair is also a great choice for those looking to diversify their portfolios and hedge against market volatility. The pair also offers excellent price action, making it a great choice for technical traders.
In addition to the GBP/CAD currency pair, there are other popular pairs that many traders choose to trade in the forex markets including USD/CAD, EUR/USD, AUD/USD, and EUR/GBP. Each of these currency pairs offer unique opportunities for traders with different objectives.
| Swap long | [[ data.swapLong ]] points |
|---|---|
| Swap short | [[ data.swapShort ]] points |
| Spread min | [[ data.stats.minSpread ]] |
| Spread avg | [[ data.stats.avgSpread ]] |
| Min contract size | [[ data.minVolume ]] |
| Min step size | [[ data.stepVolume ]] |
| Commission and Swap | Commission and Swap |
| Leverage | Leverage |
| Trading Hours | Trading Hours |
* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Trade [[data.name]] with Skilling
Hassle-free, with flexible trade sizes, and super low spreads!
- Spreads starting at 0.2!
- Average Execution at 5ms
- Easy to use platform
*Other fees may apply.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and with low capital investment.
Forex
Capitalise on rising prices (go long)
Capitalise on falling prices (go short)
Trade with leverage
Trade on volatility
Enjoy huge liquidity
Manage risk with in-platform tools
Ability to set take profit and stop loss levels
