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CAD to EUR Forecasts 2021

In 2020 forecasts and predictions for the CAD/EUR exchange rate have been driven almost entirely by the Coronavirus pandemic rather than any fundamentals or relative sentiment towards the Canadian and Eurozone economies.

Canadian dollar to Euro bank forecasts

The CAD/EUR rate has dropped around 5 percent since the initial pandemic shock in March, previous to this CAD/EUR had touched 0.70 per euro in late February. This is good news for expat Canadian workers in Europe as they will receive more Canadian dollars back home for their Euros.

 
CADEUR at 0.6664 is 1.1% above average of 0.643-0.679 range.
1D-0.7%
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Alert:1D-0.7% |

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.

 

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
0.6759
05 Apr 2021
1.2% ▼1 Week
0.6706
13 Mar 2021
0.4% ▼30 Days
0.6446
12 Jan 2021
3.6% ▲90 Days
0.6548
12 Apr 2020
2% ▲1 Year
0.6915
13 Apr 2016
3.4% ▼5 Years
0.7201
15 Apr 2011
7.2% ▼10 Years

CAD/EUR 10 year historic rates & change to 12-Apr-2021 : 0.6680

   
Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.