The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
CAD to EUR Market Data
Canadian dollar (CAD) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
Bias
CAD/EUR bullish-to-range-bound, currently above the 90-day average and in the upper half of the 3-month range.
Key drivers
- Rate gap: BoC policy sits near neutral after a recent cut, while the ECB is expected to hold a neutral stance; the reduced policy gap keeps the CAD's yield edge modest, so moves will hinge more on oil and data than on policy surprises, and investors will be watching inflation prints in Canada.
- Risk/commodities: Oil holds firm near its recent highs with volatility, reinforcing CAD because Canada exports a lot of oil and stronger oil tends to lift the currency.
- Macro factor: January Canadian trade balance and employment data due soon could steer CAD depending on the results.
Range
CAD/EUR should drift within the 3-month range, with a tilt toward testing the upper end if oil remains firmer.
What could change it
- Upside risk: Oil prices sustain gains and Canadian data beat expectations, lifting the CAD, with oil signals pointing to steady demand.
- Downside risk: US trade frictions intensify or Canadian data disappoints, weighing on the CAD
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CAD to EUR Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Canadian dollar are worth in Euro across a range of amounts.
This gives a quick view of what you’d get when converting different CAD amounts at today’s rate * :
What is the
best Send Money conversion rate for CAD to EUR?
The best CAD to EUR exchange rate is 0.6168 from OFX . This is -0.5% compared to the mid-market rate 0.6199.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully 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 other foreign exchange providers against the latest CAD-EUR mid-rate and the possible savings of using various providers.
How do CAD-EUR rates compare between providers?
Looking at the full
CAD to EUR - Send Money comparison table the provider with the best CAD to EUR exchange rate is OFX at 0.6168, -0.5% from the latest mid-market rate 0.6199.
The next best is XE at 0.6162, -0.6% from the mid-rate.
Then Wise at 0.616, which is -0.63% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.