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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

     

    Recent forecasts and market updates suggest a bearish outlook for the Canadian dollar (CAD) against the Euro (EUR). Analysts point to multiple factors contributing to the CAD's weakness, including falling oil prices, a declining US dollar, and uncertainties in global geopolitical tensions. The pressure on the CAD is expected to persist as the Bank of Canada positions itself for potential rate cuts in contrast to the Federal Reserve's stance, further widening the interest rate differentials.

    On the other hand, the Eurozone’s economic performance and expectations of rate cuts by the European Central Bank (ECB) are likely to influence the Euro's movements against the Canadian dollar. While the CAD to EUR exchange rate has been relatively stable around 0.6760, both currencies are facing challenges that could lead to fluctuations. The correlation between oil prices and the CAD, given its status as a major oil exporter, remains a key factor to monitor, as any significant trends in oil prices could impact the Canadian dollar's performance against the Euro.

    In summary, FX analysts anticipate continued weakness for the CAD against the EUR, influenced by factors such as diverging central bank policies, commodity prices, and global economic uncertainties. The dynamics of these two currencies will be closely tied to developments in oil markets and central bank actions, shaping the trajectory of the CAD to EUR exchange rate in the near term.

     
    @bestfxrates : 𝗖𝗔𝗗𝗘𝗨𝗥 𝗨𝗽𝗱𝗮𝘁𝗲: Bearish trends loom for CAD vs EUR as falling oil prices bite and BoC mulls rate cuts. Market eyes Eurozone's rate decisions. Despite steady ~0.6760 levels, volatility may spike. Heads up: oil & central bank moves are key influencers. #Forex #CAD #EUR #MarketInsight

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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.

     
    1 CAD =
    0.6750We compare provider deals to this wholesale mid-market rate. Read more
    EUR
    -0.1%
    3M
    CAD to EUR is at 90-day lows near 0.6750, just 0.8% below its 3-month average of 0.6807, having traded in a stable 1.9% range from 0.6750 to 0.6880
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    Sell CAD   →   Buy EUR
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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
    03 May 2024
    0.6795
    0.7% 2 Week
    17 Feb 2024
    0.6879
    1.9% 3 Month
    18 May 2023
    0.6875
    1.8% 1 Year
    19 May 2019
    0.6661
    1.3% 5 Year
    20 May 2014
    0.6697
    0.8% 10 Year
    22 May 2004
    0.6068
    11.2% 20 Year
    CAD/EUR historic rates & change to 17-May-2024
     

    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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    Read our Currency guide to the Eurozone - a practical currency and money guide to travel, living and doing business in the Eurozone with the Euro.

     
     

    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