The AUD/CAD rate is comprised of the Australian dollar as the 'base' currency, and the Canadian dollar as the 'counter' or 'quote' currency.The AUD/CAD exchange rate is actually a comparison of the value of one currency in relation to the other. For example, the quotation AUD/CAD 0.80 means that one Australian dollar is exchanged for 0.80 Canadian dollar (80 cents). If the forex rate increased to 0.90, this would reflect a strengthening Australian dollar as compared with the Canadian dollar. You would buy, if you expected that the Australian dollar would continue to strengthen against the Canadian dollar.


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