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: The CAD/EUR exchange rate is bullish-to-range-bound, as it currently sits just above the 90-day average and in the upper half of the 3-month range.
Bias: Bullish-to-range-bound
Key drivers:
- Rate differential narrowing due to BoC's rate cut vs. stable ECB policy
- Rising oil prices boosting CAD revenue
- Increasing Canadian unemployment suggesting limited BoC rate cut room
Range: Expected to hold steady within recent trading range, with fluctuations based on economic indicators.
What could change it:
- Upside risk: Significant job data recovery
- Downside risk: Continued poor Canadian economic data or worsening Eurozone conditions
CAD/EUR is bullish-to-range-bound, sitting above the 90-day average. A rate cut by the Bank of Canada vs. stable ECB policies narrows the differential, while high oil prices can aid the CAD. Watch for job data impacts on the outlook
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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 0.6157 from OFX . This is -0.5% compared to the mid-market rate 0.6188.
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 0.6157, -0.5% from the latest mid-market rate 0.6188.
The next best is Wise at 0.6155, -0.53% from the mid-rate.
Then XE at 0.615, which is -0.61% 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.