2. Multiply the amount of pounds you want to convert by the exchange rate. Once you know the exchange rate, simply multiply the amount of pounds you want to convert by the exchange rate. This will give you the equivalent amount in Canadian dollars.
3. Add or subtract any applicable fees. Some banks and credit unions charge a transaction fee for currency conversion, so be sure to factor this into your calculations. You may also be charged a foreign exchange fee if you're using a credit card to make the conversion.
4. Make sure you have enough money in your account. Before you actually make the conversion, be sure you have enough money in your account to cover the transaction amount, including any fees. If you don't have enough money, the transaction will be declined.
Example:
If the current exchange rate is CAD 1.70 per GBP 1.00, and you want to convert GBP 100.00 to CAD, simply multiply GBP 100.00 by CAD 1.70 to get CAD 170.00. If there are no applicable fees, then CAD 170.00 is the amount of Canadian dollars you will receive.