#CADEUR down 3.1% vs 3-month avg to 0.6314 as oil prices tank 6.8% from avg levels. Analysts link loonie's weakness directly to crude slump. Markets watching oil movements + Eurozone econ data for next directional cues
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CAD to EUR Market Data
Canadian dollar (CAD) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
Sell CAD →
Buy EUR
CAD to EUR at 0.6314 is 3.1% below its 3-month average of 0.6519, having traded in a fairly volatile 8.1% range from 0.6275 to 0.6784
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| Date | CAD/EUR | Change | Period |
|---|---|---|---|
11 Apr 2025 | 0.6354 | 0.1% ▲ | 2 Week |
25 Jan 2025 | 0.6637 | 4.2% ▼ | 3 Month |
25 Apr 2024 | 0.6825 | 6.8% ▼ | 1 Year |
26 Apr 2020 | 0.6549 | 2.9% ▼ | 5 Year |
28 Apr 2015 | 0.7559 | 15.9% ▼ | 10 Year |
30 Apr 2005 | 0.6174 | 3% ▲ | 20 Year |
What are equivalent amounts of CAD and EUR?
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.
Forecasts for CAD to EUR
The CAD to EUR exchange rate has recently been under pressure, driven primarily by fluctuations in oil prices. Analysts note that the Canadian dollar (CAD) has weakened, currently trading at 0.6314, which is 3.1% below its three-month average of 0.6519. This downturn is attributed to a notable decline in oil prices, with the OIL/USD exchange currently at 66.87, indicating a 6.8% drop from its three-month average of 71.74. With Canadian exports heavily reliant on oil revenue, the CAD often follows the trend of crude prices, showing vulnerability when prices fall.
Read our full review of recent CAD to EUR forecasts.
How to get a good CAD to EUR exchange rate
There are several ways to save on exchange rates when converting Canadian dollar to Euro:
- Shop around for the best CAD/EUR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
- Timing is important: Keep an eye on the CAD/EUR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
- Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
- Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both CAD and EUR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
- Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.
The key is reducing excessive costs and fees
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.
Read our Currency guide to the Eurozone — a practical currency and money guide to travel in the Eurozone plus living and doing business with the Euro.
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.
Will the Canadian dollar rise against the Euro?
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.
Track Rate
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
Currency Country Guides
Which Eurozone country has the cheapest cost of living?
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
Related exchange rates
Articles that mention the Euro (EUR):
News2025-04-25
The U.S. Dollar Is Losing Ground to the Euro — And the World Is Watching
Deutsche Bank forecasts a significant weakening of the US dollar in the coming years, potentially reaching its lowest level against the euro in over a decade.
News2025-04-14
US Dollar Hits Three-Year Low On Jerome Powell Dismissal Threat
The US dollar has fallen to a three-year low, influenced by Trump policy back flips plus concerns over the Federal Reserve's independence. Analysts suggest a long-overdue correction due to overvaluation and trade tensions.
Further reading on the Euro (EUR) - Guides, Reviews & News from our research team.
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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