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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: Oct 09, 2021  Support Support
         

        1 CAD = 0.6952 EUR
        Sell CAD  →  Buy EUR
        CAD to EUR at 0.6954 has risen 2.7% above its 90-day average, range 0.6650-0.6971.
        |
          1 EUR = 1.4385 CAD
         
        90-DAY▲HIGH

        CAD/EUR Outlook

        CAD/EUR has risen to 0.69 as the energy crisis hurts the euro and helps the gas and oil exporting Canadian dollar.

        CAD/EUR wasChangePeriod
        0.6836
        04 Oct 2021
        		1.8% ▲2 Weeks
        0.6695
        20 Jul 2021
        		3.9% ▲90 Days
        0.6475
        18 Oct 2020
        		7.4% ▲1 Year
        0.6945
        19 Oct 2016
        		0.2% ▲5 Years
        0.7144
        21 Oct 2011
        		2.6% ▼10 Years
        0.7142
        23 Oct 2001
        		2.6% ▼20 Years
        CAD/EUR change over periods to 18-Oct-2021

         

        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 German political uncertainty sees the Eurozone single currency on the decline and at 1 YEAR LOWS versus the greenback touching the 1.15 level vs the greenback.

        There will be a close eye kept on Eurozone inflation data on October 29, any upside surprise could support the euro.

        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.