EUR/CAD Exchange Rate Today — Live Chart and Analysis

EUR/CAD is an exchange rate that specifies how many CAD (Canadian Dollar) can be converted into one EUR (Euro), therefore the base currency is EUR and the price currency is CAD. If this rate declines, it means that CAD appreciates relative to EUR and if this rate increases it means that the CAD depreciates against the EUR. There are many macroeconomic factors/events (fundamentals) that affect EUR/CAD exchange rate, which are usually common in both countries. Some of the most notable factors/events are GDP, Inflation or Consumer Price Index (CPI), Interest Rates and other monetary policies applied by central banks. Regarding the trade relationship between Eurozone and Canada, the latter imports 0.98% of Eurozone's total exports, whereas Eurozone imports 8.5% of Canada's total exports. The largest component of Eurozone's exports are machinery, nuclear reactor, boiler products and vehicles whereas Canada's largest export components are vehicles and oil products. Any significant shifts in the trade relationship between the two regions and changes in the values of the aforementioned components are some of the factors that could have a material impact on the pair.