EUR to CAD Forecast - December 2025
The EUR/CAD exchange rate is currently around 1.610159. That means 1 euro buys about 1.610159 Canadian dollars.
This rate has been rising lately, mostly due to a weakening Canadian dollar while the euro has remained relatively stable.
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What is likely to happen to EUR/CAD in December 2025
EUR/CAD is near a 16-year high, trading around 1.6460.
The Euro has gained recently, but momentum may be slowing.
Key support sits at 1.6245–1.6170; resistance is near 1.6460–1.6500.
Canadian inflation, oil prices, and central bank policies will likely shape the next move.
Now is a good time to send euros to Canada, but rates could ease lower in the coming weeks if the CAD strengthens.
EUR to CAD: Where It Stands
The Euro (EUR) to Canadian Dollar (CAD) exchange rate has recently risen close to 1.6460, reaching a level not seen since 2009.
However, signs are emerging that this sharp rise may be slowing down a little.
What’s Driving EUR to CAD?
Several key factors are influencing how EUR/CAD moves:
Bank Policies: The European Central Bank (ECB) is expected to hold interest rates steady for now, while the Bank of Canada (BoC) recently cut rates but hinted this could be the last cut.
This mix of decisions helped push the EUR higher but could soon start to favor the CAD.
Inflation and Jobs: Inflation in Canada is still above target but stable, and recent job data was better than expected.
This has made the CAD a bit stronger and could limit how much the EUR can gain.
Oil Prices: Canada’s economy is tied to oil. Recently, oil prices dropped, weakening the CAD.
If oil prices rebound in the next month, the CAD might strengthen again.
Politics and Trade: In Europe, political concerns eased after France avoided government turmoil, giving the EUR a boost.
But trade tensions involving Canada and the US continue to affect the CAD negatively.
What Do the Charts Say?
Technically, the EUR/CAD pair shows some signs of a pause:
Uptrend in Place: EUR/CAD has been climbing and remains in an uptrend as long as it stays above the 1.6170 support level.
Overbought Conditions: The Relative Strength Index (RSI) suggests the EUR may be overbought, meaning it might be due for a small pullback or period of sideways movement.
Key levels to watch:
Support: 1.6245 and then 1.6170 (these are levels where buyers may step in).
Resistance: 1.6460 to 1.6500 (higher than this, the euro may struggle to break through).
What to Watch in Next Month
Canadian Inflation Data (due before BoC's Oct 29 meeting): If inflation stays high, the BoC may not cut rates again, making the CAD stronger and pushing EUR/CAD lower.
Oil Prices: A rise in oil prices would help the CAD, possibly reversing some of the recent EUR/CAD gains.
ECB Comments: Words from key European Central Bank officials may affect how confident investors feel in the EUR.
US Trade Policies: Any major changes affecting trade between the US and Canada could sway CAD strength.
Risks Ahead
If geopolitical tensions rise or oil prices drop further, the CAD could weaken further.
A surprise rate cut or economic weakness in Canada would also hurt CAD.
On the Euro side, weak European inflation or growth data could make the EUR lose traction.
What This Means If You’re Sending EUR to CAD Abroad
If you are sending euros to Canada, the current high exchange rate means you’re getting more Canadian dollars for your euros than at almost any time since 2009.
However, this strong rate might not last long. It could drop slightly if CAD strengthens based on strong oil prices or stable inflation.
So if you’re planning to send money soon, you might want to do it in the next few weeks while rates are still favorable.
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 December:
Money transfer company | EUR/CAD exchange rate | EUR/CAD fee | EUR/CAD transfer time | CAD received |
|---|---|---|---|---|
Wise (Best EUR/CAD rate) | 1.6088 EUR/CAD | 31.26 | next day | 11,211.03 |
Key Currency (Lowest Fee) | 1.6061 EUR/CAD | 0 | minutes - 3 days | 11,242.94 |
Key Currency (Overall cheapest) | 1.6061 EUR/CAD | 0 | minutes - 3 days | 11,242.94 |
Currencyflow (Fastest Option) | 1.6060 EUR/CAD | 0 | minutes - 24 hours | 11,241.81 |
*Based on our data of 7,000 EUR transfer from Germany to Canada in December 2025. For other amounts, please .
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 |
|---|---|
| Nov 28, 2025 | 1.621572 CAD |
| Nov 29, 2025 | 1.621572 CAD |
| Nov 30, 2025 | 1.620686 CAD |
| Dec 01, 2025 | 1.624963 CAD |
| Dec 02, 2025 | 1.624396 CAD |
| Dec 03, 2025 | 1.627905 CAD |
| Dec 04, 2025 | 1.625340 CAD |
| Dec 05, 2025 | 1.610276 CAD |
| Dec 06, 2025 | 1.610159 CAD |
| Dec 07, 2025 | 1.610159 CAD |
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