Best Canadian Dollar to Euro Exchange Rate Today

CAD $150.49 Avg. Saving vs. Banks ?
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Below are the best exchange rates for canadian dollar to euro offered on FXcompared from the money transfer companies we have listed, to help you make the best decision today. CAD to EUR Exchange Rates.

Top 11 Money Transfer Providers

Exchange Rates as of 2019-05-17T20:59:58+00:00

OFX (prev. CanadianForex)

OFX provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates.

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OFX provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates.

Amount Received
EUR €6,537.25
CAD $94.25
saved vs. banks
Bank Beating Rates

TorFX

?
Est. 2004

Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers

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Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers

Amount Received
EUR €6,604.49
CAD $195.25
saved vs. banks

Moneycorp

?
Est. 1979

One-off payments | Regular payments | Great rates | Safeguarded customer funds

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One-off payments | Regular payments | Great rates | Safeguarded customer funds

Amount Received
EUR €6,591.17
CAD $175.25
saved vs. banks

Currency Solutions

Currency exchange specialists ranking No.1 on Trustpilot for the past two years
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Currency exchange specialists ranking No.1 on Trustpilot for the past two years
Amount Received
EUR €6,597.17
CAD $184.25
saved vs. banks

WorldFirst

?
Est. 2004

Transparency and security | Great customer feedback rating from Feefo

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Transparency and security | Great customer feedback rating from Feefo

Amount Received
EUR €6,593.17
CAD $178.25
saved vs. banks

Smart Currency Exchange

Smart is focused on helping clients to effectively and efficiently send and receive payments internationally
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Smart is focused on helping clients to effectively and efficiently send and receive payments internationally
Amount Received
EUR €6,591.17
CAD $175.25
saved vs. banks
Bank Beating Rates

Currencies Direct

Call us0203 018 1318

Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers

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Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers

Amount Received
EUR €6,584.52
CAD $165.25
saved vs. banks

RationalFX

?
Est. 2005
Established in 2005, RationalFX helps individuals and businesses achieve significant savings on international payments
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Established in 2005, RationalFX helps individuals and businesses achieve significant savings on international payments
Amount Received
EUR €6,597.83
CAD $185.25
saved vs. banks

Global Reach (formerly FC Exchange)

Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers

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Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers

Amount Received
EUR €6,597.83
CAD $185.25
saved vs. banks

WorldRemit

?
Est. 2010

WorldRemit is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet.

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WorldRemit is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet.

Amount Received
EUR €6,543.00
CAD $102.89
saved vs. banks

Average Canadian Bank

Average of the top Canadian Banks costs as compiled by our own FXC Intelligence group

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Average of the top Canadian Banks costs as compiled by our own FXC Intelligence group

Amount Received
EUR €6,483.98
CAD $14.25
saved vs. banks

How to Exchange Canadian Dollar to Euro

Canadian Dollar to Euro Exchange Rate History

The Canadian dollar (CAD) is the official currency of Canada and one of the top-held reserve currencies in the world. As a member of the British Commonwealth, the country used the Canadian pound as its monetary unit after 1841, but the CAD was introduced as its official currency in 1858.


The Canadian dollar has typically had a lower value compared to the euro (EUR, €) - the second most frequently traded currency in the world. The euro was adopted by 11 EU member countries in 1999, but it was only used in electronic transactions until January 2002, when hard currency official entered circulation. Since then, the eurozone has expanded to include 19 members, with Lithuania the latest entrant in January 2015. Since 2002, the dollar-to-euro exchange rate (CAD to EUR) has ranged between €0.5962 and €0.8124, with the average exchange rate of €0.6899.


Since 2014, the CAD has gained slightly in value against the euro, due largely to the eurozone’s continued economic weakness and ongoing stability in the Canadian economy. In January 2015, when the European Central Bank (ECB) announced its plan to purchase €60 billion worth of assets each month beginning in March, the euro’s value dropped against most major world currencies, including the CAD.

Canadian Dollar Consistency, 2002-2010

From 2002, when the euro officially launched as a currency, through 2009, CAD to EUR transactions traded in a fairly consistent range, with the Canadian dollar’s conversion rate typically ranging from €0.65 to €0.70. Towards the end of this period, the eurozone economy was seen as a safe alternative to the US economy, which was struggling with large amounts of debt and the beginnings of a subprime mortgage crisis, which was a major contributor to tipping the country into recession. Throughout 2007 and 2008, the eurozone remained more resilient than the American economy, and this perceived strength was reflected in the euro’s value against most of the world’s major currencies.


By 2009, however, it had become obvious to investors that the recession and the subprime mortgage meltdown would have a global effect. As the recession reached Europe, the European Central Bank acted, increasing the prime rate to 1.5%; this caused the euro’s value to sink, and the Canadian dollar to rise in comparison. By the first quarter of 2010, the CAD had climbed above the €0.70 mark and was trading at a rate of €0.7184. The CAD continued to climb, and finished the year at a conversion rate of CAD to EUR €0.7496.

Weakened Eurozone Contributes to a Stronger CAD Since 2011

The eurozone had several weak spots entering 2011. The Greek debt crisis weighed on the region’s economy, growth was sluggish, consumer spending was down, and most member countries’ unemployment rates were at high levels. The euro continued its slow slide against most major currencies, and the CAD continued to trade in a range above €0.70. The CAD finally reached its peak value against the euro in August 2012, when the CAD:EUR exchange rate climbed to €0.8124.


Canada’s economy, which is heavily exposed to the US, was hampered by a slow recovery from the global recession. Public debt, an aging workforce and higher unemployment levels all contributed to a moderate outlook for the Canadian economy, with most analysts predicting that full employment wouldn’t return until 2016 at the earliest.


Although eurozone governments continued to struggle with a number of factors throughout 2013 and 2014 - including ongoing economic weakness, rising debt levels, an unstable political situation in Ukraine and the Greek debt restructuring - the CAD had started to slip against the euro. In 2014, the euro began to stabilize as the ECB took steps to shore up the regional economy. Entering 2015, although Canada’s economy is expected to benefit from continued global demand for commodities and energy products, this is expected to be offset by a shrinking workforce. Forecasts for the CAD to EUR exchange rate predict a trading range similar to how the two currencies have traded in recent history, with the Canadian dollar slated to vary between €0.65 and €0.70.


FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.