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What is likely to happen to EUR/CAD in October 2025
EUR/CAD is rising, now around 1.63 and may climb toward 1.70.
Key drivers are Canada’s expected interest rate cuts and weak economy, while the euro is supported by steady policy and fiscal spending.
Strong technical support is around 1.6150; resistance lies ahead at 1.6750 and 1.70.
Watch for BoC updates, oil prices, and eurozone data in the coming weeks.
If you need to send euros to Canada, now’s a good time, your money gets you more Canadian dollars.
Keep an eye out and consider sending your funds while the rate is in your favor.
EUR to CAD: Where It Stands
Right now, the EUR to CAD exchange rate is trending higher at around 1.63, and it could keep rising.
The euro (EUR) has recently gotten stronger compared to the Canadian dollar (CAD), and many experts believe it might climb even more over the next month.
Why? Because Europe and Canada are moving in different directions when it comes to interest rates and economic performance.
What’s Driving EUR to CAD?
The euro is stronger partly because Europe’s central bank, the European Central Bank (ECB), is holding off on more interest rate cuts.
Meanwhile, Canada’s central bank, the Bank of Canada (BoC), is expected to keep cutting rates to support its weakening economy.
Lower interest rates often mean a weaker currency, so this policy split is pushing the euro higher against the Canadian dollar.
Also, Canada’s economy has recently shown signs of slowing down, with poor job numbers and weak growth.
Oil prices, which usually support the CAD (since Canada is a major oil exporter), haven’t been strong enough to reverse the downtrend.
On top of that, Europe is getting a boost from recent government spending and stable policy signals, helping the euro gain strength.
What Do the Charts Say?
Technically, the EUR/CAD pair looks strong. After breaking through the key resistance level of 1.60 earlier this summer, it's been moving steadily upward.
Experts say that since there's little in the way of resistance above current levels, the pair could reach as high as 1.70 or more in the coming weeks.
The next support level (where prices may stop falling if they reverse course) is around 1.6150.
Important resistance (levels the price might struggle to rise above) comes in near 1.6750 and then 1.70.
If the rate climbs above those, the euro could become even more expensive compared to the loonie.
What to Watch Next Month
Several key events could impact this trend in the coming month:
The next Bank of Canada meeting: A rate cut is expected. If that happens, the CAD will likely weaken more.
Economic data from both regions: If Canada's job and growth numbers keep disappointing, the CAD will feel more pressure.
Any surprises from the European Central Bank: If they hold rates or remain cautious, that could support the euro even more.
Global oil prices: If crude oil rises sharply, it could help the CAD regain strength, though that’s not currently expected.
Risks Ahead
Things can always change quickly in currency markets.
If, for some reason, the BoC decides not to cut rates as expected or if oil prices jump drastically, the Canadian dollar could reverse some losses.
Also, if unexpected economic problems appear in Europe, the euro could weaken.
Finally, surprises from global politics, major inflation changes, or sudden shifts in central bank policy can cause the EUR/CAD rate to move sharply in either direction.
What This Means If You’re Sending EUR to CAD Abroad
If you’re sending euros to Canada, your money now goes further.
For example, one euro used to get less than 1.60 CAD, but now gets about 1.63 CAD.
If the trend continues, you might get even more CAD for your euros next month.
So, if you’re planning to send money soon, don’t wait too long.
The rate is favorable now, and it could go higher, but markets are unpredictable.
Live EUR to CAD exchange rates
Converting EUR to CAD
If you are planning to send EUR to Canada, you need to pick the right money transfer company to get the most CAD on the other end.
Depending on your needs, it's best to use one of the following companies in October:
Money transfer company | EUR/CAD exchange rate | EUR/CAD fee | EUR/CAD transfer time | CAD received |
|---|---|---|---|---|
Wise (Best EUR/CAD rate) | 1.6382 EUR/CAD | 31.26 | same day | 11,416.19 |
Key Currency (Lowest Fee) | 1.6356 EUR/CAD | 0 | minutes - 3 days | 11,449.3 |
Key Currency (Overall cheapest) | 1.6356 EUR/CAD | 0 | minutes - 3 days | 11,449.3 |
Currencyflow (Fastest Option) | 1.6354 EUR/CAD | 0 | minutes - 24 hours | 11,448.15 |
*Based on our data of 7,000 EUR transfer from Germany to Canada in October 2025. For other amounts, please run a live search to get the best exchange rate.
History of the EUR to CAD Price
The euro to Canadian dollar pair is a forex cross-currency pair made up of the European Union and Canadian currencies.
The EU is the second-biggest economy in the world, with a combined GDP of over $16 trillion and a population of over 447 million people.
Canada, on the other hand, is the tenth largest economy with a GDP of over $1.6 trillion and 36 million people.
Canada and countries in the European Union have had a long relationship and share unique characteristics.
For example, they are both democracies and are members of key organizations like the OECD, G20, and G7.
The EUR/CAD pair was started in 2002 when the EU shifted to the euro.
Before that, trade was mainly dominated by the Canadian dollar and the respective currencies.
For example, Germany used the Deutsche mark currency.
For years, the EUR to CAD pair has been relatively stable. It reached a peak of 1.7507 in December 2008 and then moved to its all-time low of 1.2138, according to TradingView.
At its lowest point, the pair was about 30% below its all-time high. The pair has dropped by about 7.50% in the past five years and risen by ~10% from its lowest level in 2022.
| Date | 1 Euro in CAD |
|---|---|
| Sep 27, 2025 | 1.631574 CAD |
| Sep 28, 2025 | 1.631789 CAD |
| Sep 29, 2025 | 1.632604 CAD |
| Sep 30, 2025 | 1.634047 CAD |
| Oct 01, 2025 | 1.635663 CAD |
| Oct 02, 2025 | 1.636942 CAD |
| Oct 03, 2025 | 1.639831 CAD |
| Oct 04, 2025 | 1.639713 CAD |
| Oct 05, 2025 | 1.635619 CAD |
| Oct 06, 2025 | 1.635021 CAD |
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