Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
    eg: USDCAD, GBP/EUR, AUD to USD, 500 Pound to Yen, 15K Dollar Peso, Send Japan

    CAD to EUR Forecasts

    Analysis of recent CAD to euro forecasts. We collate forecasts from respected FX analysts together with the latest CAD to EUR performance and trends.


    What are CAD to EUR forecasts?

    The Canadian Dollar (CAD) experienced some fluctuations in recent trading sessions, mainly attributed to weaker oil prices which were counterbalanced by a rise in the US Dollar (USD). CAD is positively correlated with USD, and further direction could be provided by the release of Canadian PPI data from April. FX analysts believe that if producer prices increase, this may fuel speculation about potential tightening of monetary policy by the Bank of Canada (BoC).

    The Euro (EUR) has been exhibiting an unclear direction in its recent trading sessions, despite gaining some support due to downbeat market sentiment. The single currency faced pressures from a stronger USD, with which it has a negative correlation, as well as weaker-than-expected consumer confidence readings. The EUR could face further headwinds if the upcoming Eurozone PMIs highlight concerns about a weakening private sector. Economists note that the euro fell below parity against the greenback in 2022 for the first time in two decades, due to factors such as Russian oil and gas threats and uncertainty over the European Central Bank's interest rate plans. CAD to EUR currently stands at 0.6839, which is just 0.7% above its 3-month average of 0.6789 and has been trading within a stable 5.9% range between 0.6580 and 0.6970.

    In summary, the CAD and EUR exchange rate forecast remains influenced by several factors, including potential shifts in the Bank of Canada's monetary policy, Eurozone PMIs, as well as trends in the US Dollar and oil prices. As both currencies face headwinds in the near term, market participants will be closely monitoring data releases and economic indicators for possible directional cues.

    Rate Calculator - 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.

    This exchange rate calculator makes it easy to compare the Total Cost you are being charged on CAD to euro currency rates and the possible savings of using various providers.


    Loading comparison rates...


    Multi-Vendor Quote

    We can help you get an even better deal when sending a Large International Money Transfer.

    Click below for the Request Quotes form and enter your transfer details (BER account required).

    Request Quotes

    Save time and money - fewer websites to visit and you get a much better exchange rate & service.


    CAD to EUR Market Data

    Canadian dollar (CAD) to euro (EUR) market data - latest interbank mid-rate, trend, chart & historic rates.

    1 CAD =
    0.6844We compare provider deals to this wholesale mid-market rate. Read more
    CAD to EUR at 0.6845 is just 0.9% above its 3-month average of 0.6787, having traded in a quite stable 5.8% range from 0.6580 to 0.6964
    Sell CAD   →   Buy EUR
    Track Rate

    12 May 2023
    2.3% 2 Week
    25 Feb 2023
    1.3% 3 Month
    26 May 2022
    6.1% 1 Year
    27 May 2018
    3.8% 5 Year
    28 May 2013
    8.6% 10 Year
    31 May 2003
    10.6% 20 Year
    CAD/EUR historic rates & change to 26-May-2023

    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 BER Smart Rate Tracker to track and benefit from currency movements.

    Track Rate

    Manage My Rates


    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    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.


    Related exchange rate forecasts


    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