About the dolar canadian to euro exchange rate
The CAD/EUR pair shows how many euro (EUR) one dolar canadian (CAD) buys. Eulerpool publishes the live mid-market rate together with a converter, a one-year chart and conversion tables so you can value cash, invoices and investments in both currencies.
CAD/EUR is quoted as EUR per one CAD. At 0,6239, 1 CAD equals 0,6239 EUR and 1 EUR equals 1,6029 CAD. The inverse pair is EUR/CAD.
The rate moves with interest-rate differentials, inflation, growth and capital flows between the dolar canadian and euro areas. Treasury teams, investors and travelers use CAD/EUR to convert prices, hedge FX risk and compare returns.
How CAD/EUR is quoted
In CAD/EUR, CAD is the base currency and EUR is the quote currency: the price is how many euro buy one dolar canadian. A rise in CAD/EUR means dolar canadian strengthened against euro; a fall means dolar canadian weakened.
What drives the dolar canadian to euro rate
The CAD/EUR rate mainly reflects the policy-rate gap, relative inflation, current-account balances and risk appetite between the dolar canadian and euro economies. CPI, employment, GDP surprises and central-bank decisions typically cause the largest daily moves.