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Best Exchange Rates

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Compare CAD to EUR foreign transfers

Use our comparison table to find the best exchange rates for Euro foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
$CAD
€EUR

Compare Deals
Foreign Transfer Providers
Ratings & Reviews
Receive EUR(€)Exchange RateFee CADTotal CostTransfer ServicesTransfer SpeedDeal Links
 
WorldFirst logo
6,593 EUR
Best Overall
0.659301.21%Bank Transfers - Online & Phone1-2 days
 
OFX logo
6,596 EUR
3 EUR more
0.65960^1.17%Bank Transfers - Online & Phone1-2 days
HSBC logo
6,457.3 EUR
136 EUR less
0.6467$153.25%Online, Branch, Bank Transfers2-3 days
Coast Capital Savings logo
6,409.26 EUR
184 EUR less
0.6474$1003.97%Online, Branch, Bank Transfers2-3 days
Scotiabank logo
6,402.33 EUR
191 EUR less
0.6467$1004.07%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo Royal Bank of Canada logo HSBC logo TD Canada Trust logo
6,392 EUR
201 EUR less
0.6446154.22%Online, Branch, Bank Transfers2-3 days
TD Canada Trust logo
6,355.8 EUR
237 EUR less
0.642$1004.77%Online, Branch, Bank Transfers2-3 days
 
Royal Bank of Canada logo
6,336.99 EUR
256 EUR less
0.6401$1005.05%Online, Branch, Bank Transfers2-3 days
WorldFirst: Foreign Transfer CAD→EUR
CAD amount:$10,000 CAD
Fee:
Exchange Rate:0.6593 (1.21% from mid-rate)
EUR amount:6,593 EUR
Total Cost:1.21%
Time:12:13 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.6/5.0
Reviews:
 
OFX: Foreign Transfer CAD→EUR
CAD amount:$10,000 CAD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:0.6596 (1.17% from mid-rate)
EUR amount:6,596 EUR
Total Cost:1.17%
Difference:
3 EUR more than using WorldFirst
Time:
Rate Fetched: Fri Feb 22 2019 10:04:39 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
HSBC: Foreign Transfer CAD→EUR
CAD amount:$10,000 CAD
Fee:$15 CAD (.15%)
Exchange Rate:0.6467 (3.1% from mid-rate)
EUR amount:6,457.3 EUR
Total Cost:3.25%
Difference:
136 EUR less than using WorldFirst
Time:12:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Coast Capital Savings: Foreign Transfer CAD→EUR
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.6474 (3% from mid-rate)
EUR amount:6,409.26 EUR
Total Cost:3.97%
Difference:
184 EUR less than using WorldFirst
Time:12:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Scotiabank: Foreign Transfer CAD→EUR
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.6467 (3.1% from mid-rate)
EUR amount:6,402.33 EUR
Total Cost:4.07%
Difference:
191 EUR less than using WorldFirst
Time:12:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Coast Capital Savings logo Scotiabank logo Royal Bank of Canada logo HSBC logo TD Canada Trust logo

Foreign Transfer CAD→EUR
CAD amount:$10,000 CAD
Fee:15
Exchange Rate:0.6340 (5% from mid-rate)
EUR amount:6,392 EUR
Total Cost:4.22%
Difference:
201 EUR less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
TD Canada Trust: Foreign Transfer CAD→EUR
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.6420 (3.81% from mid-rate)
EUR amount:6,355.8 EUR
Total Cost:4.77%
Difference:
237 EUR less than using WorldFirst
Time:12:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Royal Bank of Canada: Foreign Transfer CAD→EUR
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.6401 (4.09% from mid-rate)
EUR amount:6,336.99 EUR
Total Cost:5.05%
Difference:
256 EUR less than using WorldFirst
Time:12:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in Canada with FINTRAC. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/22/2019

1 CAD = 0.669 EUR

This is the current CAD-EUR mid-market exchange rate. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market CAD-EUR exchange rate.

3 Month Chart
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Currency news 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 must always be quoted in comparison to a second 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

7-February-19: January was a fantastic month for the Canadian dollar. A gain of 4 percent relative to the US dollar took USD/CAD away from 19-month highs near C$1.365 into the low C$1.31s.

A recovery in the oil market has played a big part in the loonie’s 2019 recovery. By the time of this report, oil had gained nearly $12 per barrel, or 23 percent, on 2018 lows. The price of oil remains vital to Canada’s economy; it had fallen by as much as 40 percent in the October-December period.

Going forward, risks to the Canadian dollar include, of course, oil, and the return of global trade tensions.

Towards the end of 2018, Goldman Sachs predicted a strong energy market rebound in 2019 — more so than has already been realised — and this would underpin Canada’s currency.

In February, Westpac reaffirmed its view that the Canadian dollar would be an outperformer in 2019. Canada’s growth picture is more secure than those of the eurozone, UK or Australia, Westpac believes, and as a result, the Bank of Canada will be more hawkish this year relative to other G10 central banks, driving CAD appreciation.

Euro (EUR) - Market news and forecasts

13-February-19: 2018 was a mixed year for the euro. A 5 percent loss versus the US dollar was offset by a 6 percent gain versus the Australian dollar and small gains against other majors.

Since November, the euro has been remarkably stable against the US dollar, against which it has traded for the most part between $1.125 and $1.15. The euro was quoted towards the low of this range at $1.128 at the time of writing, down 1.5 percent year-to-date.

At the time of writing, euro-pound was 2.5 percent lower on the year at £0.876. Most price action since September has been between £0.865 and £0.91.

The euro is understandably under pressure in early 2019 ahead of Brexit, which more than ever is a source of uncertainty, and on increasing recession risks — Italy slid into recession in February and Germany barely escaped one in the October-December period.

The main euro-supporting factor this year would be an interest rate hike by the ECB, although this is up in the air considering the aforementioned risks.

Forecasts: In February, the head of strategy at BMO Capital Markets predicted a decline in EUR/USD to 1.11 by the end of April. Experts at Natwest predicted a slide in EUR/GBP to £0.85 by mid-year.

Currency News and Forecasts - Canadian Dollar

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