The Bank of Montreal CAD to EUR rate is 0.62. This is -3.6% below the mid-rate. Compare Bank of Montreal currency conversion rates - Reduce FX costs.
The Bank of Montreal CAD to EUR exchange rate is 0.62. This is -3.6% compared to the latest CAD-EUR mid-market rate 0.6433.
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.
Looking at our comparison table the best CAD to EUR exchange rate is 0.6401 from OFX, -0.5% from the mid-market rate 0.6433. The next best rate is 0.6394 from XE, -0.61% from the mid-rate. Then Wise with 0.6388 is -0.7% from the mid-rate.
The Western Union rate is 0.6369 which is -0.99% from the mid-rate.
Among the banks, the TD Bank rate is 0.6642 at 3.2%, the Scotiabank rate is 0.6217 at -3.4%, and the Royal Bank of Canada rate is 0.6243 at -3% compared to the mid-rate 0.6433.
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.
The Bank of Montreal Loonie to Euro comparison table above 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 (see Market Data below ) and the possible savings of using various providers.
Canadian dollar (CAD) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | CAD/EUR | Change | Period |
|---|---|---|---|
29 Apr 2025 | 0.6350 | 1.5% ▲ | 2 Week |
12 Feb 2025 | 0.6729 | 4.2% ▼ | 3 Month |
13 May 2024 | 0.6780 | 4.9% ▼ | 1 Year |
14 May 2020 | 0.6594 | 2.3% ▼ | 5 Year |
16 May 2015 | 0.7280 | 11.5% ▼ | 10 Year |
18 May 2005 | 0.6254 | 3.1% ▲ | 20 Year |
Here are some popular conversion amounts for CAD to EUR (Canadian dollar to Euro)*.
*Converted at the current CADEUR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The Canadian dollar (CAD) is currently experiencing support from rising oil prices, which are crucial given that Canada is one of the leading oil exporters globally. As of recent market data, CAD is trading at 0.6448 against the euro (EUR), just below its three-month average and within a stable range that has seen fluctuations between 0.6275 and 0.6780. Analysts indicate that further strengthening of the CAD could be anticipated if oil prices continue to rally, as recent trends show crude oil trading near 64.96 USD, albeit 6.2% below its three-month average but still exhibiting volatility within a 28.0% range.
Read our full review of recent CAD to EUR forecasts.
There are several ways to save on exchange rates when converting Canadian dollar to Euro:
Generally speaking, if you are buying Euro with Canadian dollar, then it's better for the CAD/EUR exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
Read our Currency guide to the Eurozone — a practical currency and money guide to travel in the Eurozone plus living and doing business with the Euro.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add CAD/EUR to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
The cost of living varies greatly within the Eurozone, and it depends on various factors such as housing, transportation, healthcare, and taxes. However, some of the countries in the Eurozone with relatively lower cost of living include:
Greece: Greece has a relatively low cost of living compared to other Eurozone countries.
Portugal: Portugal has a lower cost of housing than in other Eurozone countries.
Spain: Spain also has a relatively low cost of living, particularly in the southern regions such as Andalusia and Murcia.
Ireland: Ireland has a relatively low cost of living, particularly in the regions outside the main cities like Dublin.
Cyprus: Cyprus has a relatively low cost of food and transportation.
It's important to note that these are rough estimations, and the cost of living in these countries may be different for various factors such as location, lifestyle, and personal preferences. It's also worth noting that these countries are not part of the Eurozone, but they are in the EU and their currencies are pegged to the Euro.
There is no definitive answer to what the best country is to set up a company in the Eurozone, as it depends on various factors such as the nature of the business, the target market, and the specific needs and goals of the company. However, some countries in the Eurozone are generally considered to be more favorable for businesses than others.
Some of the countries that are considered to be among the most business-friendly in the Eurozone include:
It is worth noting that each country has its own specific regulations, taxes and legal requirements that might fit some businesses better than others. It is recommended to consult with business experts and legal advisers for a tailored advice for your business.
Read more at our Eurozone (EUR) country guide
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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