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

Convert EUR to CAD at Best Exchange Rates

1 Euro equals
Canadian dollar 1EUR=CAD

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

  1. Know the latest EUR to CAD market mid-rate - this is your starting point!
  2. Compare your Bank and licensed FX provider transaction costs, including the exchange rate margins as well as the various types of fees. These margins and fee costs vary for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the Euro and Canadian dollar currencies, if available.

1. Market EUR/CAD mid-rate

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

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

Currency Converter EUR to CAD

1 EUR equals

See how much you can save on exchange rates for :

Foreign Transfers    Travel Money

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EUR-CAD 3 Month chart
EUR-CAD 3 Month chart

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

DateExchange RatePeriodChange
22 May 20181.5055Latest
15 May 20181.52161 Week-1.06%
22 Apr 20181.56731 Month-3.94%
23 Nov 20171.50666 Months-0.07%
22 May 20171.51631 Year-0.71%
22 May 20161.47162 Years+2.3%
23 May 20131.33295 Years+12.95%
24 May 20081.550310 Years-2.89%

The EUR/CAD 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 EUR / CAD 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 EUR/CAD 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.

EUR to CAD 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 EUR to CAD.

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

Compare Foreign Transfers

Sending EUR 5,000 to CAD

OFX logo OFX
$7475.00 CAD (1.06%)
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: $7475.00 CAD
Exchange Rate: 1.4950
(Inverse 1CAD=EUR 0.6689)
Fees: EUR 0
Total Cost : 1.06% (from mid-rate: 1.5110)
This is the amount of money that could be received by your transfer at rate EUR/CAD=1.495 and inclusive of the fee of EUR 0.
Rate timestamp : Tue May 22 2018 23:15:41 GMT+0000 (UTC)
CurrencyFair logo CurrencyFair
$7498.24 CAD (0.75%)
Save on your international transfers. Our peer-to-peer marketplace allows our users to get the best rates, pricing is open and transparent. BestExchangeRates users get your first transfer fee free.
Price Details
Receive: $7498.24 CAD
Exchange Rate: 1.5019
(Inverse 1CAD=EUR 0.6658)
Fees: EUR 7.5 (0.15%)
Total Cost : 0.75% (from mid-rate: 1.5110)
This is the amount of money that could be received by your transfer at rate EUR/CAD=1.5019 and inclusive of the fee of EUR 7.5 (0.15%).
Bank Rates - Average
$7188.21 CAD (4.85%)
This is the average EUR to CAD International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

Price Details
Receive: $7188.21 CAD
Exchange Rate: 1.4411
(Inverse 1CAD=EUR 0.6939)
Fees: EUR 12
Total Cost : 4.85% (from mid-rate: 1.5110)
Receive CAD $287 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate EUR/CAD=1.4411 and inclusive of the fee of EUR 12.

Travel Money EUR to CAD - 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 CAD Cash with EUR 2,000

Bank Rates - Average
$2722.10 CAD (9.92%)
This is the average EUR to CAD Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

Price Details
Receive: $2722.10 CAD
Exchange Rate: 1.3748
(Inverse 1CAD=EUR 0.7274)
Fees: EUR 20 (1%)
Total Cost : 9.92% (from mid-rate: 1.5110)
Amount of money that could be received by your currency exchange at rate EUR/CAD=1.3748 and inclusive of the fee of EUR 20 (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 EUR/CAD market rate I see on Google or in the Media?

When you look up the current Euro to Canadian dollar 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.

EUR to CAD mid-rate on google

EUR to CAD mid-rate on google search

Getting a great EUR to CAD 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 EUR to CAD currency converter to calculate equivalent amounts in each currency using the latest mid-market exchange rates. Then choose your transaction type for specific Euro cross rates and reviews of leading foreign exchange providers versus the Banks.

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

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 EUR vs CAD, you should pay attention to both Euro and Canadian dollar news and forecasts.

Euro (EUR) - Market news and forecasts

Against the US dollar, after reaching a three-year high of 1.256 in mid-February, the euro fell back into the mid-1.18s by mid-May. The euro lost value against the greenback due to the latter currency’s recoupling with interest rate expectations. Higher US yields had pushed the dollar higher across the board.

Against sterling, the euro is little changed since September of last year (it’s marginally lower). EUR/GBP continues to trade above and below 0.88.

Anticipating an end-of-year reduction in the level of ECB quantitative easing, Stephen Gallo of BMO Capital has predicted a summer rally in the euro – a rally that will eventually drive EUR/USD to 1.30 in the first half of 2019.

Danske Bank are predicting euro weakness against the British pound in the near-term, with a mid-August forecast of 0.865.

Canadian dollar (CAD) - Market news and forecasts

The Canadian dollar was the worst performing G10 currency in the first quarter of 2018.

Against the US dollar, CAD fell to buy 77.5 US cents (USD/CAD 1.29), but this was in line with average rates over the preceding twelve months.

Against the euro, CAD fell to an 8-year low but recovered somewhat before March was out to buy 63 euro cents (EUR/CAD 1.587).

For CAD, little respite is likely in the months ahead according to TD Securities, which described the currency in March as “really expensive.” A senior analyst at the firm explained that CAD was the “most exposed [major currency] from a global macro level and also from the local level of trade risk.”

Trade remains a dominant theme affecting CAD. Washington stepped up its protectionist measures in the first quarter with tariffs on steel and aluminium products (Canada is the number one exporter of such products to the US) and $60 billion worth of Chinese goods. Being a global growth-sensitive currency, CAD will suffer should international trade tensions escalate, not to mention the ramifications for ongoing NAFTA negotiations between Canada, the US and Mexico. The market consensus remains for an 8-10% drop in CAD's valuation should NAFTA negotiations fail.