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        CAD to EUR Forecasts 2021

        #Forecasts #CAD #EUR

        In 2021 forecasts and predictions for the CAD/EUR exchange rate are driven by the improved oil price and relative recovery from Coronavirus pandemic rather than any fundamentals or relative sentiment towards the Canadian and Eurozone economies.

        Forecasts Updated: May 13, 2021
         
        1 CAD = 0.6754 EUR
        CAD to EUR at 0.6754 is just below its 90-day average, range 0.6648-0.6843.
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        1-DAY▲+0.7%1d
        14-DAY▲HIGH
        ⚇
         

        Canadian dollar to Euro bank forecasts

        The CAD/EUR rate has steadily increased (up around 7) since it’s lows around 0.63 in August last year.

        In 2021 the Canadian dollar has risen as a global economic recovery takes hold, with larger gains if the Bank of Canada is seen to be preparing to reduce monetary stimulus, economists say. CAD Forecasts

        The topside of the EUR/USD is now limited to 1.2000 and the risk is for a move to the next support at 1.1700. EUR Forecasts

        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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        CAD to EUR Exchange Rates – Compare and Save

         

        What is a good CAD to EUR exchange rate?

        Whether the Canadian dollar will rise or drop in the future versus the euro is a difficult question and the answer really depends on many factors. The best way to consider the current CAD-EUR relative value is to check the change in the exchange over a range of periods to the present day. The below table does this for periods going back 10 years.

        CAD/EURChangePeriod
        23 Jul 2021
        →
        0.6763
        		0.1% ▼1 Week
        30 Jun 2021
        →
        0.6804
        		0.7% ▼30 Days
        01 May 2021
        →
        0.6768
        		0.2% ▼90 Days
        30 Jul 2020
        →
        0.6279
        		7.6% ▲1 Year
        31 Jul 2016
        →
        0.6858
        		1.5% ▼5 Years
        02 Aug 2011
        →
        0.7332
        		7.9% ▼10 Years

        CAD/EUR rate change to 30-Jul-2021 → 0.6754

         

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