1. Exchange Rates
  2. Canadian dollar (CAD)
  3. Euro (EUR)

Convert CAD to EUR at Best Exchange Rates

1 Canadian dollar equals

There are three simple steps you need to take in order to get a good CAD-EUR exchange rate:

  1. Know the latest CAD to EUR market mid-rate shown above - this is your starting point!
  2. Compare your Bank's exchange rates to several licensed FX providers, remember to compare both the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the Canadian dollar and Euro currencies, if available.

1. Market CAD/EUR mid-rate

Right now the CAD/EUR market rate is and represents how many Euro you can get for one Canadian dollar.

Calculate equivalent currency amounts with this CAD to EUR currency converter then select the transaction type to compare the best exchange rates available.

Currency Converter CAD to EUR

1 CAD equals

See how much you can save on exchange rates for :

Foreign Transfers    Travel Money

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1 Week CAD/EUR Chart
CAD-EUR 1 Week chart

Canadian dollar to Euro (CAD-EUR) - 10 Year History

DateExchange RatePeriodChange
20 Jun 20180.6491Latest
13 Jun 20180.65291 Week-0.58%
21 May 20180.66391 Month-2.23%
22 Dec 20170.66256 Months-2.02%
20 Jun 20170.67661 Year-4.06%
20 Jun 20160.68942 Years-5.85%
21 Jun 20130.73035 Years-11.12%
22 Jun 20080.630210 Years+3%

The CAD/EUR mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the CAD / EUR was traded (bought or sold) in the international markets.

The closer your final exchange rate is to the market / midrate the better deal you are getting.

2. Transaction Costs - Margins and Fees for CAD/EUR Foreign Exchange

The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.

CAD to EUR Foreign Transfer - Costs Compared

You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from CAD to EUR.

Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending CAD 10,000 to EUR

OFX logo OFX (prev. CanadianForex)
€6417.36 EUR (1.2%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: €6417.36 EUR
Exchange Rate: 0.6427
(Inverse 1EUR=CAD 1.5559)
Fees: CAD 15
Total Cost : 1.2% (from mid-rate: 0.6495)
This is the amount of money that could be received by your transfer at rate CAD/EUR=0.6427 and inclusive of the fee of CAD 15.
Rate timestamp : Thu Jun 21 2018 05:06:20 GMT+0000 (UTC)
Bank Rates - Average
€6160.75 EUR (5.15%)
This is the average CAD to EUR International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

Price Details
Receive: €6160.75 EUR
Exchange Rate: 0.6170
(Inverse 1EUR=CAD 1.6207)
Fees: CAD 15
Total Cost : 5.15% (from mid-rate: 0.6495)
Receive EUR €257 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate CAD/EUR=0.617 and inclusive of the fee of CAD 15.

Travel Money CAD to EUR - Costs Compared

The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.

Travel Money Exchange Rates Compared

Buying EUR Cash with CAD 1,000

Travelex Online logo Travelex Online
€591.00 EUR (9.01%)
Free Home Delivery when you Buy Online Travel Money & Cards with $0 commission and great exchange rates only available from Travelex Online. Zero cost for Home Delivery or pickup your foreign cash at your local Travelex store or at the airport on departure day. * Home deliveries can only be made to the registered billing address of your chosen payment method.
Price Details
Receive: €591.00 EUR
Exchange Rate: 0.5910
(Inverse 1EUR=CAD 1.6920)
Fees: CAD 0
Total Cost : 9.01% (from mid-rate: 0.6495)
Amount of money that could be received by your currency exchange at rate CAD/EUR=0.591 and inclusive of the fee of CAD 0.
Rate timestamp : 5:09 Local
Bank Rates - Average
€562.62 EUR (13.38%)
This is the average CAD to EUR Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

Price Details
Receive: €562.62 EUR
Exchange Rate: 0.5683
(Inverse 1EUR=CAD 1.7596)
Fees: CAD 10 (1%)
Total Cost : 13.38% (from mid-rate: 0.6495)
Receive EUR €28 less than with  Travelex Online logo Travelex Online
Amount of money that could be received by your currency exchange at rate CAD/EUR=0.5683 and inclusive of the fee of CAD 10 (1%).

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 comparison calculators make shopping around easy and help you calculate how much you can save.

Why can't I just get the same CAD/EUR market rate I see on Google or in the Media?

When you look up the current Canadian dollar to Euro exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

CAD to EUR mid-rate on google

CAD to EUR mid-rate on google search

Getting a great CAD to EUR mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use our CAD to EUR currency converter to calculate equivalent amounts in each currency using the latest mid-market exchange rates. Then choose your transaction type for specific Canadian dollar cross rates and reviews of leading foreign exchange providers versus the Banks.

3. Currency News, Research and Forecasts for Canadian dollar and Euro

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency is always determined quoted in comparison to another currency.

So it follows that if you are determining the best time to transact, in this case the CAD vs EUR, you should pay attention to both Canadian dollar and Euro news and forecasts.

Canadian dollar (CAD) - Market news and forecasts

The Canadian dollar was the worst performing G10 currency in the first quarter of 2018 but in the first two months of the second quarter, it bettered all but the US dollar.

In April and May, against USD, CAD weakened marginally to $0.77 from $0.776; but CAD gained handsomely against the euro (and several other currencies), climbing to €0.662 from €0.629 (it had been only €0.619 in mid-March).

In March, TD Securities described CAD as “really expensive…from a global macro level and also from the local level of trade risk.” With the currency’s broad appreciation in the second quarter, presumably, as of writing, it is even more overvalued.

Being a growth-sensitive currency, CAD’s outlook is closely tied to that of global growth, and this is being threatened in 2018 by the trade policies of the US. The powers that be in the world’s largest economy have so far threatened China with massive tariffs and have imposed tariffs on steel and aluminium products sourced globally (Canada may or may not be excluded from this policy, depending on how much ground it gives during NAFTA negotiations – see below). Then, after a month or so of calm, trade tensions resurfaced in May after Washington announced it would be scrutinizing automobile imports.

Vital to CAD’s outlook is NAFTA. The market consensus remains for an 8-10% drop in CAD's value should NAFTA negotiations with the US and Mexico fail.

Supporting CAD in 2018 has been oil, which has climbed to long-term highs.

Euro (EUR) - Market news and forecasts

On June 14th, the euro had one of its worst days in recent memory after the ECB signalled it would leave interest rates unchanged at 0.0 percent until the latter stages of 2019. A day later (the day of this report), the euro was trading in the mid-$1.15s versus the dollar and looked set to lose more of its value (earlier in the year it had traded in the mid-$1.25s), and had fallen towards the bottom end of its long-term trading range against the pound, at £0.873.

The ECB did at least announce it would phase out quantitative easing in Europe, which kept the euro’s losses within reasonable limits. QE will be terminated at the end of the year.

Goldman Sachs described the June ECB meeting as a “material negative for the euro.”

Prior to the ECB decision, Danske Bank had estimated a median price for EUR/USD in H2 2018 of 1.18; the bank saw a return to the 1.20s as unlikely in the near term (that's almost certain after the ECB meeting). Danske had predicted a “foot-dragging” ECB that would be “reactive rather than active.”

Best Exchange Rates - Compare & Save

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