The true EUR/CAD rate
The interbank (mid-market) rate as the basis; the ibani margin, from 0.40% to 0.15% depending on the amount, is shown separately.
EUR → CAD · Real-time rateConvert euros
to Canadian dollars (EUR → CAD)
1 EUR = 1.5662 CAD as of 13 November 2026 (indicative rate for an amount below the equivalent of CHF 10,000, ibani margin included; the rate applied is the one in effect when you place your order).
Change your euros (EUR) to Canadian dollars (CAD) at the real interbank rate, in real time. Ideal for funding an expatriation project, studies or a transfer to Canada, with a margin from 0.40% to 0.15% and no hidden fees.
EUR → CADCurrency pair
Real timeMarket rate
0.15%Margin from
Simulate your transfer
No hidden fees1 EUR = 1.5662 CAD Rate as of 13 November 2026
1'566.20
Estimated annual saving
—
vs. a traditional bank
35'000+ clientsIndividuals & businesses
CHF 1 Billion+Exchanged since 2018
Up to 10× cheaperThan a traditional bank
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EUR/CAD conversion in brief
Convert euros to Canadian dollars, at the right rate
The essentials to change your EUR to CAD with no nasty surprises on the rate or the fees.
A margin from 0.15%
Transparent and sliding, up to 10× cheaper than a bank. No hidden fees.
Transfers to Canada
Send your euros converted to Canadian dollars to the beneficiary account of your choice.
A reliable Swiss partner
ibani SA, founded in Geneva in 2018, a financial intermediary affiliated with SO-FIT, a self-regulatory organisation recognised by FINMA.
What you really pay
EUR → CAD: ibani, bank or exchange office?
On an exchange of 5'000 EUR per month, the margin applied to the rate makes all the difference over the year.
| Criterion | ibani | Bank | Exchange office |
|---|---|---|---|
| Starting rate | Real interbank | "In-house" rate | "In-house" rate |
| Exchange margin | 0.40% | ~1.5 to 2% | Often > 2% |
| Transfer fees | 0 EUR | Variable | — |
| Estimated annual cost* | ~240 EUR | ~900 EUR | > 1'000 EUR |
| 100% digital tracking | Yes | Partial | No |
*Indicative orders of magnitude for an exchange of 5'000 EUR/month over 1 year. See the details on our Rates page.
Rate movement
Live EUR / CAD exchange rate
Follow the trend of the pair to choose the right moment for your exchange.
| Indicator | 30 days | 90 days |
|---|---|---|
| High | 1.5935 | 1.6176 |
| Low | 1.5577 | 1.5577 |
| Average | 1.5741 | 1.5953 |
| Change | −0.81% | −1.73% |
European Central Bank reference rates, from 17 August to 12 November (90 days) and from 14 October to 12 November (30 days), 2026. Excluding exchange margin: these figures are not directly comparable with the rate shown at the top of the page, which includes the ibani margin.
Conversion tables
How much is 1 EUR in CAD (and the reverse)?
Indicative amounts, ibani margin included, continuously updated.
Indicative rate as of 13 November 2026, ibani margin included; the rate applied is the one in effect when you place your order.
How to convert
Your EUR changed to CAD, in 3 steps
Create your ibani account for free
100% digital sign-up in 5 minutes, with no opening or account maintenance fees.
Add your beneficiary in Canada
Enter the details of the destination account that will receive the Canadian dollars.
Send your Canadian dollars at the real rate
ibani converts your EUR to CAD at the market rate, plus a margin of 0.40% to 0.15% depending on the amount, and sends the funds to the beneficiary account.
CHF
USD
GBP
SGDMarkets · updated 19 October 2026
EUR/CAD: what has moved in recent months
The euro area is tightening, Canada is waiting: the ECB raised its deposit rate to 2.50% on 10 September, while the Bank of Canada stayed at 2.25% on 2 September. Inflation is diverging too, 3.8% in the euro area against 3.1% in Canada in September. One euro is worth 1.5798 Canadian dollars at the 19 October reference rate.
EURThe ECB raised rates in September
On 10 September 2026 the European Central Bank raised its three key interest rates by 25 basis points: the deposit facility rate rose to 2.50% and the main refinancing operations rate to 2.65%, effective 16 September. Euro area inflation accelerated to 3.8% in September, after 3.2% in August, according to Eurostat. Yet the euro fell against the dollar: EUR/USD hit its low for the year on 7 October, at 1.1177, and stood at 1.1225 on 19 October. The next decision is on 29 October 2026, then on 17 December.
CADThe Bank of Canada on hold, jobs fall
The Bank of Canada kept its target for the overnight rate at 2.25% on 2 September 2026. Canadian inflation rose to 3.1% year on year in September, from 3.0% in August, according to Statistics Canada. The economy lost 68,000 jobs in September and unemployment rose to 6.5%; the Canadian dollar hit its low for the year against the US dollar on 12 October, at 1.4262 Canadian dollars per US dollar, before returning to 1.4074 on 19 October. The next decision is on 28 October 2026, alongside the Monetary Policy Report.
EUR → CAD
What it means for you
The two central banks meet one day apart, on 28 October in Ottawa and on the 29th in Frankfurt. The fall in Canadian employment in September weighs on the loonie, while higher inflation argues the other way: the pair could react above all to whichever of the two decisions surprises more.
ECB reference rate on 19 October 2026: 1 EUR ≈ 1.5798 CAD (excluding margin). The rate shown at the top of the page includes the ibani margin; the converter shows the live rate.
Sources: ECB, monetary policy decision of 10 September 2026 · Eurostat, euro area September inflation published 16 October 2026 · ECB, euro foreign exchange reference rates · Bank of Canada, statement of 2 September 2026 · Statistics Canada, Consumer Price Index and Labour Force Survey, September 2026.
General market information, compiled from the sources cited; it constitutes neither investment advice nor a forecast.
The economics of the pair
EUR/CAD: the ECB against the Bank of Canada
The rate between the euro (EUR) and the Canadian dollar (CAD) reflects the relationship between two major economic zones: the euro area, steered by the European Central Bank (ECB), and Canada, whose monetary policy is conducted by the Bank of Canada (BoC).
The Canadian dollar is a so-called "commodity-linked" currency. Canada is among the world's leading exporters of oil: the CAD tends to strengthen when crude prices rise, and to weaken when they fall. Conversely, the euro depends on the overall economic situation of the euro area and on the ECB's stance on policy rates and inflation.
In practice, the EUR/CAD rate is watched most closely by those preparing an expatriation, studies or a property purchase in Canada, or who send money to loved ones settled across the Atlantic. The interest rate gap between the ECB and the Bank of Canada, the price of oil and the strength of the North American economy are the main drivers of the pair.
Read also: our guides on how to change your currency online and calculate an exchange rate.
Written by Brice Delhome.
Frequently asked questions
Frequently asked questions about EUR/CAD exchange
There is no universal ideal day. The EUR/CAD rate depends on market movements and on decisions by the ECB and the Bank of Canada. As the Canadian dollar is a commodity-linked currency, it often strengthens when the price of oil rises. Monitor the real rate continuously and trigger your exchange at the moment that suits you.
With ibani, you add the beneficiary account in Canada, then you transfer your euros. ibani converts your EUR into Canadian dollars at the real market rate, plus a margin of 0.40% to 0.15% depending on the amount, and sends the funds to the destination account, with no hidden fees. Ideal for an expatriation project, studies or a transfer to a loved one settled in Canada.
The Canadian dollar is a commodity-linked currency, in particular to oil, of which Canada is a major exporter. The EUR/CAD rate therefore moves with the price of oil, the interest rate gap between the ECB and the Bank of Canada, as well as the health of the North American economy.
ibani applies a transparent margin from 0.40% to 0.15% on the real interbank rate, decreasing with amounts. There are no opening or account maintenance fees. It's up to 10× cheaper than a traditional bank. See the details on the Rates page.
Change your euros
to Canadian dollars at the right rate.
Convert your EUR to CAD at the real rate (+ margin from 0.15%) and send your funds to Canada with no hidden fees. Free account opening, 100% digital, in 5 minutes.✓ Real interbank rate · ✓ Margin from 0.15% · ✓ Affiliated with SO-FIT (SRO)
* Transfers in currencies other than EUR and CHF may be subject to correspondent bank fees.
Swiss financial intermediary subject to the AMLA regulatory framework
Your money is handled with the utmost regulatory rigour.
ibani SA is a FinTech company established since 2018 in the heart of Geneva, Switzerland. We are a financial intermediary audited for our activity, with thousands of clients and exchange operations to our name.
ibani SA is affiliated with SO-FIT as a financial intermediary within the meaning of Article 2 para. 3 of the Anti-Money Laundering Act (AMLA). SO-FIT is a self-regulatory organisation recognised by the Swiss Financial Market Supervisory Authority (FINMA).