Exchange Rate Calculator

As of June 3, 2025, the EUR/CAD exchange rate stands at approximately 1.5624, indicating that one euro is equivalent to 1.5624 Canadian dollars. (poundsterlinglive.com) This rate reflects a notable appreciation of the euro against the Canadian dollar over the past several months.

Recent Exchange Rate Trends

Over the past year, the EUR/CAD exchange rate has experienced significant fluctuations. The lowest point was recorded on November 22, 2024, at 1.44898, while the highest was on March 11, 2025, at 1.5857. (poundsterlinglive.com) This peak represents a substantial increase of approximately 9.4% from the November low.

In the more recent three-month period, the exchange rate has shown a general upward trend. On January 13, 2025, the rate was at 1.46854, and by March 11, 2025, it had risen to 1.5857. This represents an increase of about 8% over two months. (poundsterlinglive.com)

Technical Analysis

Technical indicators as of March 28, 2025, suggest a strong buy signal for EUR/CAD. The Relative Strength Index (RSI) stood at 66.307, indicating bullish momentum. Additionally, the Moving Average Convergence Divergence (MACD) was positive at 0.002, further supporting a bullish outlook. All moving averages, including the 5-day, 10-day, 20-day, 50-day, 100-day, and 200-day, were signaling a buy. (investing.com)

Forecasts and Projections

Looking ahead, forecasts for the EUR/CAD exchange rate vary. One projection anticipates a decline to 1.4659 in three months, representing a decrease of approximately 6.28% from the current rate. (exchangerates.org.uk) Conversely, another forecast predicts a gradual increase, with the rate reaching 1.5542 by January 2026 and 1.5666 by June 2026. (midforex.com)

Factors Influencing the Exchange Rate

Several factors have contributed to the recent appreciation of the euro against the Canadian dollar:

• Economic Performance: The Eurozone's economic recovery has outpaced expectations, leading to increased investor confidence in the euro.

• Monetary Policy: The European Central Bank's monetary policies, including interest rate adjustments and quantitative easing measures, have influenced the euro's strength.

• Commodity Prices: Canada's economy is heavily reliant on commodities, particularly oil. Fluctuations in oil prices can impact the Canadian dollar's value.

• Trade Balances: Trade dynamics between the Eurozone and Canada, including trade surpluses or deficits, can affect exchange rates.

Conclusion

The EUR/CAD exchange rate has exhibited significant volatility over the past year, with a general upward trend in recent months. Technical indicators currently suggest a bullish outlook, though forecasts for the coming months are mixed. Investors should consider both technical analyses and fundamental factors when making decisions related to this currency pair.