CAD to PKR: Canadian Dollar Exchange Rate

• CAD

Canadian dollar rate: where to check it

The card above shows official State Bank of Pakistan (SBP) exchange rates for mark-to-market revaluation: the "ready" rate in rupees per unit for the Canadian dollar and many other currencies, with the SBP date and a link to the SBP page. SBP issues these rates every working day so that authorised dealers can revalue their books. The US dollar rate is a weighted average of closing interbank rates collected through brokerage houses, and the other currencies come from the same SBP file. Two extra rows show SBP's weighted average customer exchange rate for the US dollar, bid and offer. The card also has a trend line and a converter that includes PKR. A reference rate is a benchmark published once per business day. It is not a price at which any bank or exchange office has to deal with you.

This converter works on European Central Bank (ECB) euro reference rates, as cross rates between the currencies the ECB covers, including CAD and the US dollar. It does not include rupees. For rupee amounts, use the converter in the rates card above, which includes PKR. The trend line in the rates card shows how major currencies such as the US dollar, euro and pound have moved against the rupee. Use it to see the trend, not to guess the next move.

Weekends and holidays. SBP does not publish new rates on weekends and public holidays, and ECB reference rates are not published on non-business days. On those days the cards show the last working day's rates and their date. The rates card refreshes by itself when SBP publishes. Check the date before you use a figure for a payment or a contract.

Why bank and exchange-office rates differ

The rate you get when you buy or sell Canadian dollars in Pakistan will differ from the official reference rate. Banks and exchange offices quote their own buy and sell rates. Here is why:

• Buy and sell spread. A bank or money changer quotes two prices. It sells CAD to you at a higher rate and buys CAD from you at a lower rate. The difference is its margin. The reference rate sits between the two prices.
• Timing. A reference rate is fixed at one moment of the day, while dealers update their quotes during the day.
• Cash versus transfer. Cash notes usually carry a wider spread than bank transfers, because handling and shipping notes costs money.
• Fees. Transfer services may add a fixed fee, a percentage fee, or both, on top of the exchange margin.

Before you send or receive money, compare the total rupee amount you will actually get after all fees. A low headline rate alone does not tell you the full cost.

For the rupee against the US dollar and the State Bank of Pakistan's published rates, see SBP exchange rates and US dollar (USD).

What moves the Canadian dollar

Bank of Canada policy

The Bank of Canada sets Canada's policy interest rate. When it raises rates, or signals that it will, holding CAD usually becomes more attractive, and the currency often strengthens. Expected cuts tend to weigh on it. Markets react to the Bank's statements and to Canadian inflation and jobs data, not only to the rate decision itself.

Trade and commodities

Canada is a large exporter of crude oil, natural gas, metals and farm products. Oil prices in particular often move together with the Canadian dollar, which is why traders sometimes call it a commodity currency. Most of Canada's trade is with the United States, so US demand and US–Canada trade policy matter a great deal for the CAD. For more on oil markets, see Energies.

Capital flows

Foreign investment into Canadian bonds, shares and companies creates demand for CAD. Money flowing out has the opposite effect. Global risk mood also plays a part. In periods of market stress, investors often move into the US dollar, and the CAD tends to weaken.

The rupee side

CAD to PKR is a cross rate, so it also depends on the rupee. Pakistan's interest rates, inflation, reserves and the USD/PKR rate all feed into it. The latest SBP decision on record: SBP policy rate raised by 50 bps to 12% with effect from 27.10.2026 (MPC). Background on this is on SBP rates and economy.

Pakistan and Canada: why the rate matters

• Remittances. Canada has a large Pakistani community, and family transfers home are a steady flow of CAD into rupees.
• Students. Pakistani students in Canada pay tuition and living costs in CAD, so a weaker rupee raises their costs.
• Travel and immigration. Visa fees, flights and settlement funds are often budgeted in CAD.
• Trade. The two countries trade in goods such as textiles, food products and machinery, and that trade is invoiced in foreign currency.

A note for traders

USD/CAD is a widely traded forex pair. Leveraged forex and CFD trading can lose money fast, including more than you planned for. See Currency pairs and Risk management.

Also note the State Bank of Pakistan's position on this: per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)). Details are on Law and regulators.

Other currencies are listed on Exchange rates, including the Australian dollar (AUD).

Frequent questions

Where can I find the CAD to PKR rate?

The card at the top of this page shows the official State Bank of Pakistan (SBP) rate for CAD in rupees, with the SBP date and a link to the SBP page.

Why does my bank give a different CAD exchange rate?

Banks and exchange offices add a buy/sell spread and sometimes fees. The reference rate is a benchmark, not a dealing price.

Why hasn't the rate changed since Friday?

SBP does not publish new rates on weekends and public holidays. The card keeps the last working day's date until SBP publishes again.

Can I convert PKR to CAD here?

Yes. Use the converter in the rates card at the top of the page, which includes PKR and uses SBP rates. The separate converter further down uses ECB rates and has no rupees. Banks, exchange companies and remittance apps quote their own buying and selling rates and fees.

Does this page predict where the Canadian dollar will go?

No. The trend line shows past rates only. Nobody can reliably forecast exchange rates.