🇨🇦 CAD vs 🇪🇺 EUR: Currency Strength Comparison
Data updated: November 6, 2026
On November 6, 2026, one Euro bought 1.5705 CAD at the official reference rate, so per unit the Euro is worth more. A higher unit value only reflects how each currency is denominated, not which one is gaining: over the past 12 months CAD strengthened by 3.5% against EUR, so on momentum the Canadian Dollar (CAD) is the stronger of the two.
Adjusted for consumer-price inflation in both economies, CAD gained 4.4% in real terms against EUR over the same period.
CAD relative to EUR
Positive values mean CAD strengthened against EUR.
CAD vs EUR over the last three years
CAD against EUR, index 100 on November 6, 2023. A rising line means CAD gained on EUR. Dashed: the same, adjusted for consumer-price inflation in both economies. Green dot: 3-year high, red: 3-year low.
- 3-year high: 101.2 on February 9, 2024, when CAD was at its strongest against EUR in the period.
- 3-year low: 89.5 on October 17, 2025.
- Now: 93.4, 7.8% below the high and 4.4% above the low.
- Sharpest one-month move: CAD fell 6% against EUR between February 11, 2025 and March 11, 2025, around the time of “ECB cuts to 2.50%” (🇪🇺 March 6, 2025).
What moved CAD and EUR
- · 🇨🇦 US declines to extend CUSMA deal — The US-Canada-Mexico trade pact stays in force but shifts to annual reviews, not a 16-year extension
- · 🇪🇺 ECB unexpectedly hikes to 2.25% — ECB reverses course with a surprise hike, defying market expectations of a hold
- · 🇨🇦 Trump cancels all Canada trade talks — Trump terminates trade negotiations with Canada after a dispute over an anti-tariff ad
- · 🇪🇺 EU-US agree 15% tariff deal — Von der Leyen and Trump strike a deal capping most EU exports at a 15% tariff
- · 🇪🇺 ECB cuts to 2.00%, pauses easing — ECB's eighth cut since June 2024 brings the deposit rate to 2.00%
- · 🇪🇺 Merz elected German chancellor — Friedrich Merz becomes chancellor after a rare failed first vote, then wins a repeat ballot
Major central-bank decisions, elections and shocks for the two currencies since November 6, 2023. The interactive chart marks them on the line.
Performance against 15 major currencies
| Currency | 12-month change vs basket | Rank |
|---|---|---|
| 🇨🇦 Canadian Dollar (CAD) | +1.3% | #5 of 16 |
| 🇪🇺 Euro (EUR) | -2.3% | #11 of 16 |
Open the interactive CAD/EUR chart →
How this comparison works
Each currency's strength index starts at 100 and accumulates its daily change against 15 other major currencies (a geometric mean of pairwise exchange-rate moves), using European Central Bank reference rates and other official sources. The relative figures above divide CAD's index by EUR's, so they reflect the two currencies' performance against each other while accounting for the whole basket. The real variant additionally adjusts each currency for its domestic CPI inflation.
Read the full methodology →Frequently asked questions
Is CAD stronger than EUR right now?
It depends on the question. Per unit, 1 EUR = 1.5705 CAD (reference rate, November 6, 2026), so the Euro is worth more. As for which one is gaining, over the past 12 months CAD strengthened by 3.5% against EUR, so on momentum the Canadian Dollar (CAD) is the stronger of the two.
How do CAD and EUR perform against other major currencies?
Against a basket of 15 major currencies over the past 12 months, CAD ranks #5 of 16 (+1.3%) while EUR ranks #11 (-2.3%).
What does the CAD vs EUR strength comparison show?
Rather than a single exchange rate, this page compares how each currency performed against a basket of 15 major currencies, then derives their relative strength. It filters out moves caused by the other currency alone and shows who is truly stronger.
How often is the data updated?
Every trading day (Monday to Friday), after the European Central Bank publishes its reference rates, usually around 16:00 CET.