Convert EUR to CAD - Euro to Canadian dollar Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE EUR/CAD EXCHANGE RATE
Trading the Euro against the Canadian dollar, the EUR/CAD currency pair offers many opportunities for experienced forex traders to generate profits. This is because this forex pair enjoys higher true range on average in comparison with other major currency pairs, making it an interesting pair for both intra-day as well as swing trading.The EUR, which is the second most traded currency in the forex market is considered a stable, reserve currency, similar to the US dollar. On the other hand, the CAD is known as a commodity currency as its value is closely interlinked with that of crude oil prices, since crude oil is a key export out of Canada. Whenever the prices of crude oil rise, the Canadian dollar strengthens, turning this pair bearish and vice versa.The exchange rate of the EUR/CAD sees high volatility upon the release of important economic data from the Eurozone and Canada, including GDP, inflation, employment, business sentiment, trade balance and consumer confidence figures. In addition, the value of the EUR and CAD are also impacted by monetary policy and interest rate decisions taken by the European Central Bank (ECB) and the Royal Bank of Canada (RBC).
EUR to CAD CONVERSION RATES
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EUR to CAD CHARTS
EUR/CAD Live Chart
EUR/CAD Historical Chart
EUR to CAD EXCHANGE RATE - FAQ
What other currency pairs are EUR/CAD correlated with?

The EUR/CAD enjoys a positive correlation with USD/CAD and EUR/ZAR. It also shares a negative correlation with CAD/CHF as well as XNG/USD.

What is the best time of day to trade EUR/CAD?

The Euro and the Canadian dollar see the maximum movement during the European session and the US session, when market moving news release from the respective regions.

How volatile is the EUR/CAD currency pair?

The EUR/CAD currency pair sees a movement of around 90 pips on average.