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CAD to EUR Forecasts – Canadian dollar to euro

Latest CAD to EUR forecasts including bank predictions, key market drivers and recent trends for CAD/EUR. See where analysts expect the pair to move and the factors likely to influence it.

 

CAD to EUR Forecast & Outlook

13 Jun 2026 • 00:48 GMT

CAD/EUR 0.6173

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 0.6050 – 0.6170
  • Dominant driver: ⚖️ Interest-rate differentials
  • 3-month trend: ⚪ Range-bound

Currently, CAD/EUR is trading near recent lows within its 3.6% range and below the 90-day average. The pair is pressured by the rate gap and risk-off sentiment, with safe-haven flows supporting currencies like the euro. Over the next few sessions, the pair may remain supported by these risk-off conditions, but downside risks persist if global risk appetite recovers.

💸 Transfer implications

  • Expats: sending money to Euro countries may find conditions slightly less favourable than recent levels.
  • Travellers: exchanging Euro cash could see limited support for CAD purchases, making exchanges less advantageous.
  • Businesses: paying Euro invoices might face some pressure on exchange rates, reducing cost predictability.

🧭 Key drivers

  • Rate gap: The Canadian dollar remains weaker due to less aggressive rate policy compared to the euro’s hawkish stance supported by ECB expectations.
  • Risk/commodities: Risk-off sentiment and European geopolitical concerns support the euro, pressuring the CAD.
  • Global factors: US CPI data and geopolitical tensions continue to influence safe-haven flows and currency positioning.

⚠️ What could change it

  • Upside risk: A shift to risk appetite or oil price recovery could support the Canadian dollar.
  • Downside risk: Worsening global risk conditions or increased geopolitical tensions could extend euro strength.

BER suggests comparing FX providers, as lower margins may help offset less favourable exchange conditions.

 

CADEUR Bank Forecasts to end of the year

The outlook for CADEUR towards the end of the year shows mixed signals as major banks and institutions differ in their expectations. While TD Securities suggest potential CAD strength through its USD/CAD forecast, Scotiabank's projection indicates a somewhat stable EUR/CAD around 1.61 by the fourth quarter. Currently, both the Canadian dollar and the euro face challenges from their respective economic conditions, including geopolitical influences and bank rate policies.

Big bank views

  • Scotiabank projects EUR/CAD to reach approximately 1.61 by Q4 2026.
  • CIBC foresees limited upside for the euro, with a EUR/USD target of 1.20 within a year.
  • TD Securities indicates a CAD-positive view through a declining USD/CAD, possibly suggesting CAD strength.

What could change the outlook

  • Shifts in crude oil prices significantly impacting the Canadian dollar.
  • European Central Bank policy adjustments in response to evolving inflation and growth prospects.
 

CAD-EUR Rate Calculator

 
 
   
   
   
   
   
 
 

CAD to EUR Market Data

Canadian dollar (CAD) to euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell CAD   →   Buy EUR
1 CAD =
0.6176We compare provider deals to this wholesale mid-market rate. Read more
EUR
1d−0.2%▼
CAD to EUR is at 30-day lows near 0.6173, 1.0% below its 3-month average of 0.6235, having traded in a very stable 3.6% range from 0.6158 to 0.6380
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  1 EUR = 1.6192 CAD

Compare & Save - Canadian dollar to euro

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to euro (EUR) rates from different sources before making a conversion.

Use our CAD to EUR calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Loonie to Euro currency rates and the possible savings of using various providers.

 
 

Will the Canadian dollar rise against the Euro?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Canadian dollar vs euro current value is to look the CAD/EUR historic rate and change over a range of periods.

The following table looks at the change in the CAD to EUR exchange rate over periods from the previous week back to the last 10 years.

DateCAD/EURChangePeriod
29 May 2026
0.6212
0.5% ▼2 Week
14 Mar 2026
0.6316
2.1% ▼3 Month
12 Jun 2025
0.6336
2.4% ▼1 Year
13 Jun 2021
0.6791
9% ▼5 Year
14 Jun 2016
0.6943
10.9% ▼10 Year
17 Jun 2006
0.7073
12.6% ▼20 Year
CAD/EUR historic rates & change to 12-Jun-2026

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.

 
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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

 

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