Euro to CAD Historical Exchange Rates
Access over 20 years of historical euro to Canadian dollar (EUR to CAD) exchange rate data, including daily, monthly, and yearly averages.
The euro (EUR) and the Canadian dollar (CAD) are major global currencies, making the EUR to CAD exchange rate crucial for international trade, investment, and travel. Understanding historical trends can provide valuable insights for businesses and individuals engaging in cross-border transactions.
EUR to CAD historical rates are influenced by a multitude of factors, including economic indicators, interest rate differentials, political events, and market sentiment. Analyzing past performance can assist in forecasting potential future fluctuations.
This historical data allows businesses to make informed decisions about pricing strategies, hedging strategies, and international payments. For individuals, understanding the EUR to CAD trend can help with budgeting for travel or overseas remittances.
The table below showcases the average EUR to CAD exchange rate over a recent six-month period, as well as specific month-end rates. This information provides a snapshot of recent exchange rate movements.
| Date | 1 EUR= |
|---|---|
| Average | 1.493823 |
| September 30, 2024 | 1.505047 |
| October 31, 2024 | 1.499178 |
| November 30, 2024 | 1.484028 |
| December 31, 2024 | 1.493522 |
| January 31, 2025 | 1.491341 |
| February 9, 2025 | 1.489824 |
Accessing comprehensive historical data is vital for understanding the long-term trends of the euro to Canadian dollar exchange rate. This information empowers individuals and businesses to make well-informed financial decisions in the context of currency exchange.
The euro (EUR) is the official currency of the Eurozone, encompassing 19 member states of the European Union. It’s the second most traded currency globally, playing a significant role in international finance.
The Canadian dollar (CAD), often referred to as the “loonie,” is the official currency of Canada. It’s a commodity currency, influenced by fluctuations in global commodity prices, especially oil.
Understanding the characteristics of both currencies provides context for interpreting historical EUR to CAD exchange rates. Factors like monetary policy decisions by the European Central Bank (ECB) and the Bank of Canada can significantly impact the exchange rate. Economic performance, political stability, and global trade flows also play crucial roles in determining the value of the euro relative to the Canadian dollar.