The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
CAD to EUR Market Data
Canadian dollar (CAD) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the CAD to EUR Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Canadian dollar against the Euro is to review how the CAD/EUR rate has changed over time.
The table below shows the percentage change in the CAD to EUR exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
The Canadian dollar (CAD) to Euro (EUR) exchange rate, currently at 0.6208, is slightly above its three-month average of 0.6159, demonstrating stability...
Recent forecasts concerning the USD to EUR exchange rate indicate a bearish outlook for the US dollar (USD) while the euro (EUR) experiences limited strength.
Current market bias: The CAD to EUR exchange rate is currently range-bound.
Key drivers:
- The interest rate differential between the Bank of Canada (BoC) and the European Central Bank (ECB) is minimal, with both holding steady rates.
- Canadian job growth is boosting confidence in the CAD, while German policies are bolstering Eurozone growth, balancing euro strength.
- Lower oil prices are putting pressure on the Canadian dollar, influencing its value relative to the euro.
Near-term range: The CAD to EUR rate is expected to trade within a stable range in the coming months.
What could change it:
- Upside risk: An increase in Canadian retail sales could enhance economic confidence and strengthen the CAD.
- Downside risk: Escalating geopolitical tensions or weaker global commodity demand could negatively impact the Canadian dollar.
---
CAD/EUR is range-bound as BoC & ECB maintain steady rates. CAD benefits from job growth, while pressures from lower oil prices persist. Upside if retail sales rise; downside risk from geopolitical tensions. Expect steady trading in the near term
@bestfxrates
CAD to EUR Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Canadian dollar are worth in Euro across a range of amounts.
This gives a quick view of what you’d get when converting different CAD amounts at today’s rate * :
What is the
best Send Money conversion rate for CAD to EUR?
The best CAD to EUR exchange rate is 0.6182 from OFX . This is -0.5% compared to the mid-market rate 0.6213.
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
Loonie to Euro comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest CAD-EUR mid-rate and the possible savings of using various providers.
How do CAD-EUR rates compare between providers?
Looking at the full
CAD to EUR - Send Money comparison table the provider with the best CAD to EUR exchange rate is OFX at 0.6182, -0.5% from the latest mid-market rate 0.6213.
The next best is XE at 0.6175, -0.61% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers 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.