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    Best Send Money to Eurozone CAD/EUR Rates Compared Live

    The best CAD to EUR exchange rate is 0.6838. We compare conversion costs to this mid-market rate and other FX providers, find better rates & deals.

    Canadian dollar to Euro (CADEUR) rate guide contents:

    Compare CAD-EUR send money exchange rates

    Exchange 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.

    This Loonie to Euro comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest CAD-EUR mid-rate and the possible savings of using another provider.

     

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    @bestfxrates : #CAD to #EUR faces headwinds as cooler inflation data points to possible BoC rate cuts. ๐Ÿ‡จ๐Ÿ‡ฆ's oil ties weakened but crucial. CIBC sees CAD falling to 1.31 vs. USD in '24, may rebound '25. EUR stays afloat amid ECB rate cut delays, but risks loom. Watch for potential CADEUR shifts

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    CAD to EUR Market Data

    Canadian dollar (CAD) to Euro (EUR) market data - latest interbank mid-rate, trend, chart & historic rates.

     
    1 CAD =
    0.6838We compare provider deals to this wholesale mid-market rate. Read more
    EUR
    +0.0%
    ๐Ÿ“‰2W
    CAD to EUR is at 14-day lows near 0.6841, near its 3-month average, having traded in a very stable 3.1% range from 0.6695 to 0.6901
    |
    Sell CAD   โ†’   Buy EUR
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    DateCAD/EURChangePeriod
    07 Feb 2024
    0.6893
    0.7% โ–ผ2 Week
    23 Nov 2023
    0.6696
    2.2% โ–ฒ3 Month
    21 Feb 2023
    0.6937
    1.4% โ–ผ1 Year
    22 Feb 2019
    0.6714
    1.9% โ–ฒ5 Year
    23 Feb 2014
    0.6553
    4.4% โ–ฒ10 Year
    26 Feb 2004
    0.5992
    14.2% โ–ฒ20 Year
    CAD/EUR historic rates & change to 21-Feb-2024

    Forecasts for CAD to EUR

     

    The Canadian Dollar (CAD) has recently faced downward pressure against the Euro (EUR), driven by cooler-than-expected inflation data and bets on potential rate cuts from the Bank of Canada (BoC). The CAD is closely tethered to oil prices, although this correlation has somewhat weakened, so any global growth spurring oil demand could bolster the 'Loonie'. However, looming BoC rate cuts could undermine CAD strength, along with its strong positive correlation with the USD. CIBC Capital Markets expects a stronger USD against the CAD in 2024, with a forecasted exchange rate of 1.31, but the sentiment for 2025 suggests potential resilience for the Canadian Dollar, especially if the USD softens.

    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:

    1. 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.
    2. 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.
    3. 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.
    4. 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.
    5. 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.

    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.

     
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    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; Up๐Ÿ“ˆ or Down๐Ÿ“‰ 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.

     
     
     

    Country Currency Guides

    EurozoneEurozone (EUR)Aaland IslandsAaland Islands (EUR)AndorraAndorra (EUR)
    AustriaAustria (EUR)BelgiumBelgium (EUR)CanadaCanada (CAD)
    CroatiaCroatia (EUR)CyprusCyprus (EUR)EstoniaEstonia (EUR)
    FinlandFinland (EUR)FranceFrance (EUR)French GuineaFrench Guinea (EUR)
    French Southern TerritoriesFrench Southern Territories (EUR)GermanyGermany (EUR)GreeceGreece (EUR)
    GuadeloupeGuadeloupe (EUR)Vatican CityVatican City (EUR)IrelandIreland (EUR)
    ItalyItaly (EUR)LuxembourgLuxembourg (EUR)MaltaMalta (EUR)
    MartiniqueMartinique (EUR)MayotteMayotte (EUR)MonacoMonaco (EUR)
    MontenegroMontenegro (EUR)NetherlandsNetherlands (EUR)PortugalPortugal (EUR)
    ReunionReunion (EUR)Saint BarthelemySaint Barthelemy (EUR)Saint MartinSaint Martin (EUR)
    Saint Pierre and MiquelonSaint Pierre and Miquelon (EUR)San MarinoSan Marino (EUR)SlovakiaSlovakia (EUR)
    SloveniaSlovenia (EUR)SpainSpain (EUR)
     

    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

       
     
     

    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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