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        CAD to EUR Forecasts 2021

        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.

        Updated: Nov 24, 2021  Support Support
         

        1 CAD = 0.7062 EUR
        Sell CAD  →  Buy EUR
        CAD to EUR at 0.7063 has risen 1.6% above average of its 90-day range 0.6852-0.7063.
        |
          1 EUR = 1.4160 CAD
         
        1-DAY▲+0.8%
        90-DAY▲HIGH

        CAD/EUR Outlook

        In November CAD/EUR has risen to around the 0.70 level as the energy crisis hurts the euro and helps the gas and oil exporting Canadian dollar.

        CAD/EUR wasChangePeriod
        0.6976
        04 Jan 2022
        		1.1% ▲2 Weeks
        0.6962
        20 Oct 2021
        		1.3% ▲90 Days
        0.6494
        18 Jan 2021
        		8.6% ▲1 Year
        0.7042
        19 Jan 2017
        		0.2% ▲5 Years
        0.7640
        21 Jan 2012
        		7.7% ▼10 Years
        0.7074
        23 Jan 2002
        		0.3% ▼20 Years
        CAD/EUR change over periods to 18-Jan-2022

         

        Canadian dollar to Euro bank forecasts

        ING think CAD is in oversold territory. They expect more tapering by the Bank of Canada to support the Canadian dollar into year-end, and the short positioning may help limit the loonie’s downside.

        CAD Outlook

        Dollar strength and a fourth wave Covid in Germany and Eastern Europe have seen the Eurozone single currency on the decline and at 1 YEAR LOWS versus the greenback.

        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.