The best CAD to EUR exchange rate is 0.6617. Compare foreign transfer and currency exchange rates, find better rates & deals.
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CAD-EUR 
exchange ratesExchange 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.
The above loonie to euro comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and foreign exchange providers against the latest CAD-EUR mid-rate (see Market Data below ) and the possible savings of using a different provider.
Canadian dollar (CAD) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | CAD/EUR | Change | Period |
|---|---|---|---|
02 Sep 2024 | 0.6693 | 1.2% ▼ | 2 Week |
18 Jun 2024 | 0.6789 | 2.6% ▼ | 3 Month |
17 Sep 2023 | 0.6931 | 4.6% ▼ | 1 Year |
18 Sep 2019 | 0.6817 | 3% ▼ | 5 Year |
19 Sep 2014 | 0.7109 | 7% ▼ | 10 Year |
21 Sep 2004 | 0.6307 | 4.8% ▲ | 20 Year |
Here are some popular conversion amounts for CAD to EUR (Canadian dollar to Euro)*.
*Converted at the current CADEUR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Recent forecasts indicate a challenging outlook for the Canadian dollar (CAD) against the euro (EUR), particularly as CAD prices hover at 14-day lows near 0.6611, which is 1.2% below its three-month average of 0.6694. This downward pressure comes despite a backdrop of rising oil prices, which typically bolster the Canadian dollar due to Canada being a significant oil exporter. However, the CAD has been negatively impacted by its correlation with the US dollar and anticipatory market sentiment regarding domestic inflation. Economists expect Canada’s consumer price index to show a cooling of inflation, which could further weaken the CAD today.
Read our full review of recent 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 Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
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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