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.