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    CAD to EUR 2024 Forecasts

    Analysis of recent loonie → euro forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Canadian dollar to Euro performance and trends.

     

    Forecasts for CAD to EUR

     

    The exchange rate forecasts for the CAD to EUR (CAD/EUR) pair indicate a complex interplay of factors influencing both currencies. The Canadian dollar (CAD) has faced downward pressure primarily due to concerns regarding potential new tariffs from the Trump administration, particularly impacting Canada’s steel exports to the US. This geopolitical uncertainty has prompted FX analysts to closely monitor oil prices, as Canada is significantly reliant on oil exports to the US, which consumes a substantial portion of Canada’s oil production. Currently, the CAD is trading at 0.6770, only slightly above its three-month average of 0.6721, suggesting relative stability in the face of these external pressures. However, with oil prices currently at 76.13 USD, 1.3% above the three-month average, CAD could experience mitigated losses if oil continues to appreciate, providing some support amidst ongoing tariff concerns.

    On the other hand, the euro (EUR) is facing its own challenges, particularly from the implications of US tariffs, as highlighted by ECB Vice-President Luis de Guindos. The eurozone is grappling with the potential for increased economic uncertainty should a trade war develop between the EU and the US. Currency analysts have turned particularly bearish on the euro, with a consensus emerging that suggests a potential slide towards parity with the US dollar, particularly in light of ongoing geopolitical tensions and economic instability in the Eurozone, exacerbated by the ramifications of the Russia-Ukraine conflict. As the EUR has struggled recently, trading data indicates it may struggle to find direction, particularly as it has been marked by declining forecasts from major banks and analysts alike in the wake of shifting market dynamics. Consequently, the CAD/EUR exchange rate may reflect these broader trends, with a likely range defined by these dual pressures from both commodity dependence and geopolitical uncertainties.

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    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 =
    0.6754We compare provider deals to this wholesale mid-market rate. Read more
    EUR
    -0.2% since yesterday
    CAD to EUR at 0.6770 is just 0.7% above its 3-month average of 0.6721, having traded in a very stable 3.6% range from 0.6631 to 0.6870
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    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.

     
    DateCAD/EURChangePeriod
    28 Jan 2025
    0.6658
    1.7% 2 Week
    13 Nov 2024
    0.6764
    0.1% 3 Month
    12 Feb 2024
    0.6899
    1.8% 1 Year
    13 Feb 2020
    0.6953
    2.6% 5 Year
    14 Feb 2015
    0.7049
    3.9% 10 Year
    16 Feb 2005
    0.6209
    9.1% 20 Year
    CAD/EUR historic rates & change to 11-Feb-2025
     

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    Will the Canadian dollar rise against the Euro?

    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.

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    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