Convert Canadian Dollar to Euro
CAD to EUR Exchange Rate Calculator
1 Canadian Dollar (CAD) = 0.6204 Euro (EUR) at the live mid-market rate. That means $100 CAD converts to roughly 62.04 EUR, and $1,000 CAD converts to about 620.39 EUR. The CAD/EUR rate refreshes every hour from Frankfurter, which sources data from the European Central Bank reference set. Enter any amount below to convert instantly — free, no sign-up.
90-day CAD/EUR context
Over the past 90 days, CAD/EUR has traded between 0.6159 and 0.6378. The current rate of 0.6204 sits roughly 20% through that range — near the lower end, meaning Euro has been stronger than typical against Canadian Dollar recently. Versus the rate 90 days ago, Canadian Dollar has weakened by 1.30% against Euro.
CAD/EUR Price History
Interactive CAD/EUR exchange rate chart with 7-day, 30-day, and 90-day views.
About Canadian Dollar (CAD)
The Canadian Dollar (CAD) is the official currency of Canada and the sixth-most-held reserve currency. Nicknamed the "Loonie" after the loon on the C$1 coin, it is a commodity currency driven primarily by crude oil prices and US cross-border trade, which accounts for roughly 75% of Canadian exports.
- •Canada is the world's fourth-largest crude oil producer
- •Roughly 75% of Canadian exports go to the United States
- •Bank of Canada (BoC) sets the overnight rate and targets 2% CPI inflation
- •USD/CAD is often called the "Loonie" among traders
- •Canada and the US are connected by the USMCA trade agreement (replaced NAFTA in 2020)
About Euro (EUR)
The Euro (EUR) is the official currency of 20 European Union member states — collectively the Eurozone — and the world's second-most-traded currency. Introduced in 1999 as an accounting currency and 2002 as physical cash, it is managed by the European Central Bank (ECB) from Frankfurt.
- •Used daily by over 340 million people across 20 countries
- •Second-largest reserve currency, ~20% of global central bank reserves
- •EUR/USD is the world's most-traded currency pair (~23% of forex volume)
- •ECB sets the deposit facility rate, main refinancing rate, and marginal lending rate
- •Eurozone CPI target is 2% over the medium term
Frequently Asked Questions
What drives EUR/CAD?
EUR/CAD is essentially two stories overlaid: the EUR side (ECB policy, Eurozone growth, German manufacturing) and the CAD side (BoC policy, WTI crude oil, US economic conditions). When these two stories diverge — for example Eurozone slowdown plus an oil rally — EUR/CAD can trend strongly for weeks.
How does oil affect EUR/CAD?
CAD is a commodity currency tied to WTI crude, while the Eurozone is a net energy importer. Rising oil prices therefore move EUR/CAD lower on both sides — CAD strengthens (commodity tailwind) and EUR weakens (worse trade balance). A $10 sustained Brent move typically shifts EUR/CAD by 1.5–2.5% over subsequent weeks.
Does ECB or BoC policy matter more?
Both, but the BoC has historically been more reactive to data surprises. The BoC meets eight times per year with announcements at 14:45 UTC. EUR/CAD often moves more on BoC days than ECB days unless the ECB delivers a material policy change.
When is EUR/CAD most liquid?
During the London-NY overlap (13:00–17:00 UTC) — both currencies trade actively. Pre-London Asian hours see thin EUR/CAD spreads; the pair is liquid enough for retail execution but thinner than majors like EUR/USD.
Is EUR/CAD useful for European travellers to Canada?
Yes — for tourism and business travel between Europe and Canada, EUR/CAD is the relevant rate. Expect bureau-de-change markups of 3–6% versus the mid-market rate. Multi-currency cards (Wise, Revolut) typically deliver inside 1% of mid-market.
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Exchange rates refresh hourly · Sourced from institutional-grade data providers