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    CAD to EUR Forecasts

    In 2022 forecasts and predictions for the CAD/EUR exchange rate are driven by the effect of the Ukraine crisis on energy prices.

    Updated: Aug 28, 2022  
     

    1 CAD = 0.7597 EUR
    Sell CAD  →  Buy EUR
    CAD to EUR at 0.7602 is near its 90-day average 0.7605 with range 0.7411-0.7754.
    |
      1 EUR = 1.3163 CAD
     
    4-DAY+1.6%2d
    14-DAYHIGH1d

    CAD/EUR Outlook

    In late August CAD/EUR is trading around the 0.77 level, this a few percent from where the rate ended 2021.

    The effect of Ukraine crisis on energy prices hurts the euro and helps the gas and oil exporting Canadian dollar.

    DateCAD/EURChangePeriod
    13 Sep 2022
    0.7611
    0.2% 2 Week
    29 Jun 2022
    0.7430
    2.2% 3 Month
    27 Sep 2021
    0.6771
    12.2% 1 Year
    28 Sep 2017
    0.6825
    11.3% 5 Year
    29 Sep 2012
    0.7909
    4% 10 Year
    02 Oct 2002
    0.6410
    18.5% 20 Year
    CAD/EUR historic rates & change to 27-Sep-2022

     

    Canadian dollar to Euro bank forecasts

    Since the start of the Russia/Ukrainian war the risk on-off markets had been pushing the Canadian dollar rate up and down in a range around 0.7850 to the US dollar.

    However from mid-September the loonie has weakened down from this range to around 0.73 relative to the greenback.

     CAD Outlook

    Major banks are forecasting the eurozone common currency to fall to $0.95 by the end of the year.

    This multi-year low for the euro vs the US dollar looks only to worsen as winter approaches; the short term news for the single currency is all negative.

     EUR Outlook

    Note that forecasts and predictions for the CAD/EUR exchange rate change all the time, affected by news events and relative sentiment towards the Canadian and Eurozone economies and this exchange rate is even more volatile than usual because of the uncertainties around the Coronavirus pandemic.

    You can read more about EUR cross-rate forecasts here EUR Trends and Forecasts for 2021.

     

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    Posted under: #Forecasts #CAD #EUR
     

    Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.