Bank of Montreal CAD to EUR Transfers Compared

   

The CAD has dropped to 0.6158 EUR, marking a 90-day low as bearish sentiment and job losses impact its performance. Analysts suggest CAD could rebound against the USD, but current trends remain weak. The EUR faces pressure from political instability in France, complicating the landscape

@bestfxrates   

   

What is the Bank of Montreal Send Money conversion rate for CAD to EUR?

The Bank of Montreal CAD to EUR exchange rate is 0.5926. This is -3.7% compared to the latest CAD-EUR mid-market rate 0.6155.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Canadian dollar (CAD) to Euro (EUR) rates from different sources before making a conversion.

The above Bank of Montreal - Loonie to Euro comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Bank of Montreal and other foreign exchange providers against the latest CAD-EUR mid-rate and the possible savings of using various providers. 

How do Bank of Montreal CAD-EUR rates compare between providers?

The next best is Wise at 0.6119, -0.58% from the mid-rate.

Then XE at 0.6118, which is -0.6% from the mid-rate.

The Western Union rate is 0.6093 which is -1% from the mid-rate.

Among the banks the TD Bank rate is 0.6642 at 7.9% the Scotiabank rate is 0.5965 at -3.1% and the Royal Bank of Canada rate is 0.5985 at -2.8% compared to the mid-rate 0.6155.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Bank of Montreal often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.