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EUR to CAD - Rate Guide

Euro to Canadian Dollar exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

EUR/CAD update & alerts

1 EUR = 1.4499 CAD

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EUR to CAD - Trading Range (90 Day)
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EUR/CAD at 1.4491 is trading 0.7% below the 90-day average 1.4596 with a range 1.4469 to 1.4741. There are no current rate alerts.
19-Jan-2020 16:NY 21:LON 08:SYD+1d

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EUR/CAD Exchange Rates and Providers Compared

This guide to the Euro to Canadian Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and EUR to CAD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our EUR/CAD Quick Calculator.

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for EUR/CAD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

EUR to CAD International Money Transfers

  

Foreign Transfer ProvidersReceive CAD(C$)Exchange RateFee EURTotal CostDeal Links
OFX logo
C$7,188
Best Overall
1.43760 for BER users (normally $15)0.8%
WorldFirst logo
C$7,210
C$22 more
1.44200.5%
TorFX logo
C$7,082
C$106 less
1.416402.26%
HSBC logo
C$6,940.07
C$248 less
1.3901€7.54.22%
Deutsche Bank International Money Transfers
Deutsche Bank logo
C$6,874.07
C$314 less
1.3887€505.13%
Citibank International Money Transfers
Citibank logo
C$6,869.97
C$318 less
1.3773125.19%
Santander International Money Transfers
Santander logo
C$6,830.57
C$357 less
1.3716205.73%
Banks - Average Rate
Deutsche Bank logo Santander logo Citibank logo HSBC logo Bank of Ireland logo Crédit Agricole logo AIB Bank logo BNP Paribas logo
C$6,817
C$371 less
1.3733125.92%
Bank of Ireland International Money Transfers
Bank of Ireland logo
C$6,789.42
C$399 less
1.3716€506.3%
BNP Paribas International Money Transfers
BNP Paribas logo
C$6,779.03
C$409 less
1.3695€506.44%
Crédit Agricole International Money Transfers
Crédit Agricole logo
C$6,740.42
C$448 less
1.3617€506.98%
AIB Bank International Money Transfers
AIB Bank logo
C$6,712.2
C$476 less
1.356€507.37%
 
OFX logo
OFX: Foreign Transfer EUR→CAD
From Amount (EUR)€5,000
Fee:0 for BER users (normally $15)
Exchange Rate:1.4376 (0.8% from mid-rate)
To Amount (CAD) C$7,188
Total Cost:0.8%
Time:
Rate Fetched: 18:04 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
WorldFirst logo
WorldFirst: Foreign Transfer EUR→CAD
From Amount (EUR)€5,000
Fee:
Exchange Rate:1.4420 (0.5% from mid-rate)
To Amount (CAD) C$7,210
Total Cost:0.5%
Difference:
C$22 CAD more than using OFX
Time:18:04 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
TorFX logo
TorFX: Foreign Transfer EUR→CAD
From Amount (EUR)€5,000
Fee:0
Exchange Rate:1.4164 (2.26% from mid-rate)
To Amount (CAD) C$7,082
Total Cost:2.26%
Difference:
C$106 CAD less than using OFX
Time:18:04 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer EUR→CAD
From Amount (EUR)€5,000
Fee:€7.5 EUR (.15%)
Exchange Rate:1.3901 (4.08% from mid-rate)
To Amount (CAD) C$6,940.07
Total Cost:4.22%
Difference:
C$248 CAD less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Deutsche Bank logo
Deutsche Bank: Foreign Transfer EUR→CAD
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:1.3887 (4.17% from mid-rate)
To Amount (CAD) C$6,874.07
Total Cost:5.13%
Difference:
C$314 CAD less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer EUR→CAD
From Amount (EUR)€5,000
Fee:12
Exchange Rate:1.3773 (4.96% from mid-rate)
To Amount (CAD) C$6,869.97
Total Cost:5.19%
Difference:
C$318 CAD less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Santander logo
Santander: Foreign Transfer EUR→CAD
From Amount (EUR)€5,000
Fee:20
Exchange Rate:1.3716 (5.35% from mid-rate)
To Amount (CAD) C$6,830.57
Total Cost:5.73%
Difference:
C$357 CAD less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer EUR→CAD
From Amount (EUR)€5,000
Fee:12
Exchange Rate:1.3674 (5.64% from mid-rate)
To Amount (CAD) C$6,817
Total Cost:5.92%
Difference:
C$371 CAD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of Ireland logo
Bank of Ireland: Foreign Transfer EUR→CAD
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:1.3716 (5.35% from mid-rate)
To Amount (CAD) C$6,789.42
Total Cost:6.3%
Difference:
C$399 CAD less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
BNP Paribas logo
BNP Paribas: Foreign Transfer EUR→CAD
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:1.3695 (5.5% from mid-rate)
To Amount (CAD) C$6,779.03
Total Cost:6.44%
Difference:
C$409 CAD less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Crédit Agricole logo
Crédit Agricole: Foreign Transfer EUR→CAD
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:1.3617 (6.04% from mid-rate)
To Amount (CAD) C$6,740.42
Total Cost:6.98%
Difference:
C$448 CAD less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
AIB Bank logo
AIB Bank: Foreign Transfer EUR→CAD
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:1.3560 (6.43% from mid-rate)
To Amount (CAD) C$6,712.2
Total Cost:7.37%
Difference:
C$476 CAD less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 01/19/2020 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

  

Canadian dollar Travel Money

  

Travel Money ProvidersAmount CAD(C$)Exchange RateFee EURTotal CostDeal Links
Sparkasse Bank Foreign Currency
Sparkasse Bank logo
C$1,294.52
Compare
1.3076€1010.67%
 
Sparkasse Bank logo
Sparkasse Bank: Travel Money EUR→CAD
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:1.3076 (9.77% from mid-rate)
To Amount (CAD) C$1,294.52
Total Cost:10.67%
Time:18:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 01/19/2020 - See full table

EURCAD blended flags

EUR and CAD in the Markets

When determining the best time to make a foreign exchange transaction, in this case the EUR vs CAD, you should pay attention to the recent market trends for both currencies.

Euro (EUR)

The Euro spent 2019 on a downwards trajectory, starting the year with highs at US1.1550 but then slid all year until October where it bottomed out at US$1.09 on Oct 1, close to long-term lows. Since then it has climbed back up towards the average rate for the year of US1.12, perhaps due to the less uncertainty around Brexit.

Euro sentiment dipped in mid-June after the ECB, like other major central banks of the world, ramped up its dovish rhetoric. It said that there was “considerable room” for further quantitative easing and that it would consider negative interest rates. Ordinarily, this would spark an extended euro decline but since other major currencies are also wrestling with easier central bank policies, euro depreciation may be contained.

In spite of Brexit, a slowdown in economic growth, Italian risks and persistently weak inflation — an important measure of inflation expectations fell in June to a record low — the euro did fantastically well against the Australian dollar, New Zealand dollar.

Read more in the article EUR Forecasts.

 

Canadian Dollar (CAD)

The threat of proxy war between the US and Iran in Iraq has pared back some of the gains the Loonie had made coming into the New Year.

The Canadian dollar was range bound during the second half of 2019 oscillating between US75c and US76.5c. Mid-year the loonie stormed ahead in June and July, rising to what turned out to be the 2019 high against the US dollar of US76.7cents and to 8-month highs against the euro, pound, Australian and New Zealand dollars. Against the Aussie, a minimal additional increase would take CAD to a 9-year high.

Supporting the loonie was a 10 percent rise in the oil price (oil is among Canada’s most exported products but is volatile and can’t be relied upon), a large and welcome jump in inflation, and dovishness at major central banks of the world, including the Federal Reserve, ECB and RBA.

The USMCA was signed by the United States, Mexico and Canadian on November 30 at the G20 Summit in Buenos Aires. Any delay to Canadian ratification of the USMCA trade deal would have likely depressed sentiment on Canada’s currency.

For more details read the full article Canadian dollar news and forecasts.

Read more in the article CAD Forecasts.

Why can't I just get the EUR/CAD market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the EUR / CAD was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

EURCAD blended flags

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 foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all EUR Exchange Rates