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CAD to EUR - Rate Guide

Canadian Dollar to Euro exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

CAD/EUR update & alerts

1 CAD = 0.6898 EUR

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CAD to EUR - Trading Range (90 Day)
ALERT: 60-DAY HIGHS 🔔 |
CAD/EUR at 0.6901 is trading 0.7% above the 90-day average 0.6852 with a range 0.6784 to 0.6911. ALERT: CAD/EUR has risen to 60-DAY HIGHS.
19-Jan-2020 16:NY 21:LON 08:SYD+1d

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CAD/EUR Exchange Rates and Providers Compared

This guide to the Canadian Dollar to Euro exchange rate with 90-day chart & alerts, historic rates, forecasts and CAD to EUR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our CAD/EUR Quick Calculator.

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for CAD/EUR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

CAD to EUR International Money Transfers

  

Foreign Transfer ProvidersReceive EUR(€)Exchange RateFee CADTotal CostDeal Links
XE logo
6,812
Best Overall
0.681201.25%
OFX logo
6,843
€31 more
0.68430^0.8%
HSBC logo
6,633.04
€179 less
0.6643C$153.84%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
6,582.51
€229 less
0.6649C$1004.57%
Scotiabank logo
6,576.57
€235 less
0.6643C$1004.66%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo HSBC logo TD Canada Trust logo Royal Bank of Canada logo
6,574
€238 less
0.6629154.69%
TD Canada Trust logo
6,569.64
€242 less
0.6636C$1004.76%
Royal Bank of Canada logo
6,509.25
€303 less
0.6575C$1005.64%
 
XE logo
XE: Foreign Transfer CAD→EUR
From Amount (CAD)C$10,000
Fee:
Exchange Rate:0.6812 (1.25% from mid-rate)
To Amount (EUR)6,812
Total Cost:1.25%
Time:6:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer CAD→EUR
From Amount (CAD)C$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:0.6843 (0.8% from mid-rate)
To Amount (EUR)6,843
Total Cost:0.8%
Difference:
€31 EUR more than using XE
Time:
Rate Fetched: 6:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer CAD→EUR
From Amount (CAD)C$10,000
Fee:C$15 CAD (.15%)
Exchange Rate:0.6643 (3.7% from mid-rate)
To Amount (EUR)6,633.04
Total Cost:3.84%
Difference:
€179 EUR less than using XE
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Coast Capital Savings logo
Coast Capital Savings: Foreign Transfer CAD→EUR
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:0.6649 (3.61% from mid-rate)
To Amount (EUR)6,582.51
Total Cost:4.57%
Difference:
€229 EUR less than using XE
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Scotiabank logo
Scotiabank: Foreign Transfer CAD→EUR
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:0.6643 (3.7% from mid-rate)
To Amount (EUR)6,576.57
Total Cost:4.66%
Difference:
€235 EUR less than using XE
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer CAD→EUR
From Amount (CAD)C$10,000
Fee:15
Exchange Rate:0.6553 (5% from mid-rate)
To Amount (EUR)6,574
Total Cost:4.69%
Difference:
€238 EUR less than using XE
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
TD Canada Trust logo
TD Canada Trust: Foreign Transfer CAD→EUR
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:0.6636 (3.8% from mid-rate)
To Amount (EUR)6,569.64
Total Cost:4.76%
Difference:
€242 EUR less than using XE
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Royal Bank of Canada logo
Royal Bank of Canada: Foreign Transfer CAD→EUR
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:0.6575 (4.68% from mid-rate)
To Amount (EUR)6,509.25
Total Cost:5.64%
Difference:
€303 EUR less than using XE
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 01/20/2020 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount EUR(€)Exchange RateFee CADTotal CostDeal Links
Banks - Average Rate Foreign Currency
597.56
Compare
0.6036C$1013.37%
 
Banks - Average Rate
Travel Money CAD→EUR
From Amount (CAD)C$1,000
Fee:C$10 CAD (1%)
Exchange Rate:0.6036 (12.5% from mid-rate)
To Amount (EUR)597.56
Total Cost:13.37%
Currency Services:Branch
Delivery/Collect:-
 
Snapshot 01/20/2020 - See full table

CADEUR blended flags

CAD and EUR in the Markets

When determining the best time to make a foreign exchange transaction, in this case the CAD vs EUR, you should pay attention to the recent market trends for both currencies.

Canadian Dollar (CAD)

The threat of proxy war between the US and Iran in Iraq has pared back some of the gains the Loonie had made coming into the New Year.

The Canadian dollar was range bound during the second half of 2019 oscillating between US75c and US76.5c. Mid-year the loonie stormed ahead in June and July, rising to what turned out to be the 2019 high against the US dollar of US76.7cents and to 8-month highs against the euro, pound, Australian and New Zealand dollars. Against the Aussie, a minimal additional increase would take CAD to a 9-year high.

Supporting the loonie was a 10 percent rise in the oil price (oil is among Canada’s most exported products but is volatile and can’t be relied upon), a large and welcome jump in inflation, and dovishness at major central banks of the world, including the Federal Reserve, ECB and RBA.

The USMCA was signed by the United States, Mexico and Canadian on November 30 at the G20 Summit in Buenos Aires. Any delay to Canadian ratification of the USMCA trade deal would have likely depressed sentiment on Canada’s currency.

For more details read the full article Canadian dollar news and forecasts.

Read more in the article CAD Forecasts.

 

Euro (EUR)

The Euro spent 2019 on a downwards trajectory, starting the year with highs at US1.1550 but then slid all year until October where it bottomed out at US$1.09 on Oct 1, close to long-term lows. Since then it has climbed back up towards the average rate for the year of US1.12, perhaps due to the less uncertainty around Brexit.

Euro sentiment dipped in mid-June after the ECB, like other major central banks of the world, ramped up its dovish rhetoric. It said that there was “considerable room” for further quantitative easing and that it would consider negative interest rates. Ordinarily, this would spark an extended euro decline but since other major currencies are also wrestling with easier central bank policies, euro depreciation may be contained.

In spite of Brexit, a slowdown in economic growth, Italian risks and persistently weak inflation — an important measure of inflation expectations fell in June to a record low — the euro did fantastically well against the Australian dollar, New Zealand dollar.

Read more in the article EUR Forecasts.

Why can't I just get the CAD/EUR market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the CAD / EUR was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

CADEUR blended flags

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all CAD Exchange Rates