EUR to CAD

EUR to CAD

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What is the EUR to CAD exchange rate today?

The euro to Canadian dollar rate can be affected by various different economic and political channels, both in Europe and in Canada.

Canadian Dollar facts

Name: Canadian Dollar

Symbol: $ cent: ¢

Minor Unit: 1/100 = cent

Central Bank Rate: 1.50

Inflation: 1.60%

Nicknames: Loonie, buck (English), Huard, piastre (French)

Coins: 

Freq Used: $1, $2, 5¢, 10¢, 25¢

 

Rarely Used: 1¢, 50¢

Banknotes: 

Freq Used: $5, $10, $20, $50, $100

Rarely Used: $1, $2, $500, $1000

Central Bank: Bank of Canada 

Website: www.bankofcanada.ca 

Users: Canada

What can affect the EUR to CAD rate?

The exchange rate from Euro to CAD is subject to fluctuation from both countries. While the euro can be affected by the economic and political state of any Eurozone country and the Canadian dollar can often be influenced by the state of relations with Canada’s North American neighbour, the US.

If relations are good, the CAD exchange rate tends to be in favour, but if relations are tense, it is the euro that feels the benefit. 

In addition, both countries receive economic data throughout the month that reveal the health of the economy on both sides of the Atlantic. If the data reveals a strength in the economy of either side, then the corresponding currency will feel the benefit.

With such temperamental factors influencing the strength of both currencies, this can cause unpredictability for those wishing to convert euros to Canadian dollars. As a result it can be difficult to know when and how to make an international transfer, creating need for guidance from a foreign exchange specialist to track the EUR to CAD market.

We convert euros to Canadian dollars with competitive rates and low fees

With over 40 years of experience in foreign currency exchange, we have helped many people pay for property abroad, send money to friends and family and set up Direct Debits to pay for study abroad.

By offering competitive rates and low transfer fees, we ensure our customers make the most of every cent they spend when they convert euro to CAD.  

Watch live FX rates change in our Currency Zone.

Watch live FX rates change in our Currency Zone.

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