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EUR to CAD - Euro to Canadian Dollar Converter

Convert Euro to Canadian Dollar with daily ECB exchange rates

1 EUR = ~1.61 CAD (rates vary)

Rates verified daily from ECB official reference rates•Source: European Central Bank (16:00 CET daily)•For informational purposes only. Not financial advice.

Quick Insight

EUR and CAD move with policy and commodity trends. For quick checks, track ECB and BoC signals and monitor energy prices.

Keep rate alerts and review forward-contract options for upcoming CAD expenses.

✈️ Travel budgeting💼 Cross-border invoicing💸 Remittance estimates

Common EUR - CAD Conversions

24h Change
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7d Change
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30d Change
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1y Change
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Forex Market Hours

Sydney
22:00 - 07:00 UTC
Closed
Tokyo
00:00 - 09:00 UTC
Closed
London
08:00 - 17:00 UTC
Closed
New York
13:00 - 22:00 UTC
Active

Most volatile: London-NY overlap (13:00-17:00 GMT). Best spreads during high liquidity hours.

Upcoming High Impact Events

US Non-Farm Payrolls
First Friday of month
High Impact
USD pairs
ECB Rate Decision
Every 6 weeks
Medium Impact
EUR pairs

These are typical recurring economic events. Actual dates, times, and market impacts may vary. This information is for general awareness only and should not be used as the sole basis for financial decisions. Always verify current schedules from official central bank sources.

Tips & Recommendations

  • 1Airport exchange bureaus often have higher markups (10-15%) compared to other options
  • 2ATMs with local bank cards typically offer rates closer to mid-market rates
  • 3Paying in local currency helps avoid dynamic currency conversion (DCC) fees
  • 4Notifying your bank before travel can help prevent unexpected card blocks

Frequently Asked Questions

ECB policy, BoC actions, energy prices, and cross-border trade flows drive EUR/CAD. Rates also reflect risk sentiment and global liquidity. Rates fluctuate continuously; check reliable sources before any transfer.

Economic Context

Trading Relationship

The euro area and Canada engage in meaningful trade, with European goods and services flowing to Canada and Canadian commodities supporting cross-border volumes. EUR/CAD affects pricing and settlement in bilateral contracts.

Key Rate Factors

  • •European Central Bank policy
  • •Inflation differentials between the euro area and Canada
  • •Canada's commodity exports and energy prices
  • •Political stability and regulatory posture
  • •Global risk appetite and USD liquidity

Central Banks

European Central Bank
Frankfurt, Germany
Sets monetary policy for the euro area, including interest rate decisions and liquidity operations to maintain price stability.
Bank of Canada
Ottawa, Canada
The Canadian central bank. Sets interest rates, manages inflation, and maintains financial system stability.

Exchange rates fluctuate continuously. This converter provides indicative rates for informational purposes. For large transactions, consult with a licensed financial professional.

Rates sourced from European Central Bank reference rates. ECB Reference Rates