Compare & Save on Canadian dollar to euro exchange rates. Latest CAD to euro analysis and review of forecasts.
In this CAD to euro (CAD/EUR) rate guide:
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.
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Canadian dollar (CAD) to euro (EUR) market data - latest interbank mid-rate, trend, chart & historic rates.
| Date | CAD/EUR | Change | Period |
|---|---|---|---|
12 May 2023 | 0.6693 | 2.3% ▲ | 2 Week |
25 Feb 2023 | 0.6936 | 1.3% ▼ | 3 Month |
26 May 2022 | 0.7293 | 6.1% ▼ | 1 Year |
27 May 2018 | 0.6593 | 3.8% ▲ | 5 Year |
28 May 2013 | 0.7489 | 8.6% ▼ | 10 Year |
31 May 2003 | 0.6188 | 10.6% ▲ | 20 Year |
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).
Read our full analysis of CAD to EUR forecasts.
There are several ways to save on exchange rates when converting Canadian dollar to euro:
Generally speaking, if you are buying euro with Canadian dollar, then it's better for the CAD/EUR exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
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.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
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.
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.
The cost of living varies greatly within the Eurozone, and it depends on various factors such as housing, transportation, healthcare, and taxes. However, some of the countries in the Eurozone with relatively lower cost of living include:
Greece: Greece has a relatively low cost of living compared to other Eurozone countries.
Portugal: Portugal has a lower cost of housing than in other Eurozone countries.
Spain: Spain also has a relatively low cost of living, particularly in the southern regions such as Andalusia and Murcia.
Ireland: Ireland has a relatively low cost of living, particularly in the regions outside the main cities like Dublin.
Read more at our Eurozone (EUR) country guide
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
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