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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

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Foreign Transfer Providers
Ratings & Reviews
Receive EUR(€)Exchange RateFee CADTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
6,576 EUR
Best Overall
0.65760^1.22%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
HSBC logo
6,438.33 EUR
138 EUR
0.6448$153.28%Online, Branch, Bank Transfers2-3 days
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
6,389.46 EUR
187 EUR
0.6454$1004.02%Online, Branch, Bank Transfers2-3 days
Scotiabank logo
6,383.52 EUR
192 EUR
0.6448$1004.11%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
6,374 EUR
202 EUR
0.6427154.25%Online, Branch, Bank Transfers2-3 days
TD Canada Trust logo
6,339.96 EUR
236 EUR
0.6404$1004.76%Online, Branch, Bank Transfers2-3 days
 
Royal Bank of Canada logo
6,318.18 EUR
258 EUR
0.6382$1005.09%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer CAD→EUR
CAD amount:$10,000 CAD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:0.6576 (1.22% from mid-rate)
EUR amount:6,576 EUR
Total Cost:1.22%
Time:
Rate Fetched: Thu Apr 25 2019 16:04:39 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer CAD→EUR
CAD amount:$10,000 CAD
Fee:$15 CAD (.15%)
Exchange Rate:0.6448 (3.14% from mid-rate)
EUR amount:6,438.33 EUR
Total Cost:3.28%
Difference:
138 EUR less than using OFX
Time:18:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Coast Capital Savings logoCoast Capital Savings

Coast Capital Savings: Foreign Transfer CAD→EUR
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.6454 (3.05% from mid-rate)
EUR amount:6,389.46 EUR
Total Cost:4.02%
Difference:
187 EUR less than using OFX
Time:18:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Scotiabank logoScotiabank

Scotiabank: Foreign Transfer CAD→EUR
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.6448 (3.14% from mid-rate)
EUR amount:6,383.52 EUR
Total Cost:4.11%
Difference:
192 EUR less than using OFX
Time:18:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer CAD→EUR
CAD amount:$10,000 CAD
Fee:15
Exchange Rate:0.6324 (5% from mid-rate)
EUR amount:6,374 EUR
Total Cost:4.25%
Difference:
202 EUR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

TD Canada Trust logoTD Canada Trust

TD Canada Trust: Foreign Transfer CAD→EUR
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.6404 (3.8% from mid-rate)
EUR amount:6,339.96 EUR
Total Cost:4.76%
Difference:
236 EUR less than using OFX
Time:18:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Royal Bank of Canada logoRoyal Bank of Canada

Royal Bank of Canada: Foreign Transfer CAD→EUR
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.6382 (4.13% from mid-rate)
EUR amount:6,318.18 EUR
Total Cost:5.09%
Difference:
258 EUR less than using OFX
Time:18:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
3 Month Chart
Loading AUDUSD rates

This is a chart showing the change in the CAD-EUR mid-market exchange rate over the last week. 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.

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

In the March-April period (to April-20), the Canadian dollar traded mostly sideways relative to USD, between C$1.33 and C$1.34; it was stable against EUR, at C$1.50, but against AUD it neared 15-week lows, at C$0.957.

Unlike other oil-sensitive currencies, the Canadian dollar has failed to take advantage of a thriving oil market, with the market’s attention instead turned towards the global economic slowdown and the Canadian housing market, which, according to the IMF, is now as risky as it was during the 2007-08 financial crisis.

Forecasters at RBC expect further sideways price action until mid-year, after which the loonie probably weakens modestly towards C$1.36 to the USD by year-end. 

CIBC is also predicting C$1.36 per USD in December, and sees further weakness to C$1.40 sometime in 2020 C$1.40 is an exchange rate last seen in February 2016.

Euro (EUR) - Market news and forecasts

Against the dollar, the euro remains weak. At $1.12 in early April, the euro was barely above March’s 21-month low of $1.118. Against the pound, it traded at £0.86 (a level it never sank to in 2018), but it fared better against the Australian dollar, with EUR/AUD rates in line with 2018’s average, at A$1.578.

Euro weakness has been driven by Brexit uncertainties and has followed March’s meeting of the ECB, at which the central bank said it will not raise interest rates until 2020 as part of an effort to lift the eurozone economy out of this “period of continued [economic] weakness.”

Forecasts: ING analysts wrote in March that they expect the low-yielding euro to continue to depreciate against USD over the coming months; ANZ said it saw rates falling as low as $1.08 by mid-year; Danske Bank said the euro would trade between $1.12 and 1.16 at year-end.

For EUR/GBP, Nordea Research thinks a no-deal Brexit will put £0.95 in play, a Norway-type Brexit (“Norway plus”) or permanent customs union will lead to £0.81-0.83, and Theresa May’s deal should see £0.83-0.84.