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    CAD to EUR Forecasts

    Forecasts and predictions for the CAD/EUR exchange rate are driven by the effect of the Ukraine crisis on energy prices.

    Updated: Jan 11, 2023  

    1 CAD = 0.6907 EUR
    Sell CAD  →  Buy EUR
    CAD to EUR at 0.6904 is 1.9% below its 90-day average 0.7037 with range 0.6841-0.7462.
      1 EUR = 1.4477 CAD
    CADEUR :

    CAD/EUR Outlook

    In the final quarter of the year CAD/EUR is trading around the 0.74-0.76 level, this a few percent down from the start of the year.

    The effect of Ukraine crisis on energy prices hurts the euro and helps the gas and oil exporting Canadian dollar.

    17 Jan 2023
    0.1% 2 Week
    02 Nov 2022
    6.9% 3 Month
    31 Jan 2022
    1.3% 1 Year
    01 Feb 2018
    6% 5 Year
    02 Feb 2013
    6.1% 10 Year
    05 Feb 2003
    13.7% 20 Year
    CAD/EUR historic rates & change to 31-Jan-2023


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    Canadian dollar to Euro bank forecasts

    Since the start of the Russia/Ukrainian war the risk on-off markets had been pushing the Canadian dollar rate up and down in a range around 0.7850 to the US dollar.

    However from mid-September the loonie has weakened down from this range to around 0.73 relative to the greenback.

    CAD Forecasts

    The euro has recovered since falling below the US dollar exchange rate in September, aided by lower energy prices, reduced recession fears, and a more aggressive European Central Bank. The euro has risen 13% over the past 3.5 months, aided by a weaker US dollar.

    EUR Forecasts

    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.


    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.