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