Create a real-time currency exchange rate alert.

CAD to Euro Exchange Rate

Banks charge huge hidden fees when exchanging money. Get exchange rates up to 2% better than the banks.

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Toronto Star

“I saved a huge amount…about $3,000 over the bank quoted for U.S. dollars…everything went as smooth as a dream”

David Newman – Florida Property Buyer interviewed by the Toronto Star

CBC

“You can save hundreds, if not thousands of dollars”

Terry Ritchie – Calgary-based financial planner who specializes in cross-border financial issues.

The Globe and Mail

“KnightsbridgeFX is an online currency exchange company that seeks to undercut foreign exchange rates offered by larger financial institutions”

Preet Banerjee – columnist, for the Globe and Mail

“KnightsbridgeFX is “the costco’s of foreign exchange”

Financial Advisor quoted in the Globe and Mail

Why choose KnightsbridgeFX

Why choose KnightsbridgeFX
  • Secure

    Secure

    KnightsbridgeFx is registered with FINTRAC, under the MSB registration number M09819788.

  • Fast

    Fast

    We offer same day delivery of funds to your desired destination if booked before bank cut-off.

  • Best Rate Guarantee

    Best Rate Guarantee

    We guarantee to beat your bank’s exchange rate. Period. In fact, we call the banks every morning to ensure our exchange rates are significantly better. You can save hundreds to thousands of dollars.

  • Transparent

    Transparent

    You’ll get a confirmation of the agreed upon exchange rate in writing before you send funds.

  • Convenient

    Convenient

    Register and book a transaction in minutes and send funds conveniently through any Canadian bank.

  • Great Customer Service

    Great Customer Service

    We understand that fast, efficient, and friendly service makes a difference.

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CAD to Euro Exchange Rate

Are you overwhelmed with paying additional fees when you are trying to convert CAD to Euro at your bank? KnightsbridgeFX gives you an opportunity of gaining back your financial freedom. Unlike banks that add some hidden costs to the Canadian dollar exchange rate, we offer real-time exchange rates at affordable prices with no hidden fees.

KnightsbridgeFX does offer not only foreign currency exchange services but also free and timely money transfers. With our money transfer system, you can send vast amounts of money anywhere at relatively lower prices and increase your savings. You shouldn’t hesitate to sign up and get your free quote.

CAD to Euro Exchange Rate: History

The Canadian dollar is the seventh most traded currency in the world. Conversely, Euro is the second most traded currency in terms of the reserve. It is essential to understand the 1 CAD to EUR exchange rate before converting the Canadian currency to Euro.

Euro is one of the most stable currencies in the world. For the last ten years, the Canadian dollar to Euro exchange rate has been ranging between 0.76 Euros and 0.66 Euros for 1 CAD, with the highest rate of 0.7661 Euros per CAD observed in May 2012. The lowest CAD to Euro exchange rate was recorded in May 2018 (0.6600 euros per CAD).

Canadian Dollar Exchange Rate: Key Drivers

In most cases, the Canadian dollar exchange rate against any other country’s currency is influenced by the demand and supply of the Canadian dollar. An increase in demand for the Canadian currency increases its value and exchange rate. Here are the key drivers of the exchange rate.

Interest Rates

An increase in interest rates increases the demand for Canadian dollars by foreign investors. Additionally, the need for the CAD also depends on the anticipated future outcome. If the foreign investors expect the rates to fall in the future, they will demand higher interest rates on the CAD securities.

Commodity Prices

Any fluctuation of the world commodity prices has a significant impact on the Canadian dollar exchange rate. Canada is a world exporter of natural resources such as oil and natural gas. Any increase in the prices of these commodities translates to an increased exchange rate.

Euro Exchange Rate: What Moves It?

Foreign exchange traders can find it challenging to track and analyze the economic reports of each member state to the European Union. The reports cover vital areas such as the GDP and monetary policies. Here are some of the factors that influence the Euro exchange rate.

Prices and inflation

Like any other country’s currency, the Euro is also influenced by changes in the inflation rates. If a country’s inflation rate is too high, its currency value will depreciate automatically. In response to that, the government will tend to increase interest rates to manage inflation.

The Eurozone’s consumer price index (CPI) can be used to determine the inflation rates by calculating the prices of products that an average person can purchase. Most traders focus on the core CPI, which excludes energy and food prices since the imbalances in supply and demand influence them.

Monetary Policy

A country’s central bank plays a huge role in formulating fiscal policies. Any decision that the European Central Bank (ECB) makes concerning the interest rates has a significant influence on the Euro. Therefore, forex traders are always keen on listening to the updates by the ECB press conference.

Such conferences are vital because they forecast where the European economy is heading. If the ECB boss is more concerned about the inflation rates, the rates may rise in the future. Conversely, if he seems less concerned about inflation when releasing a press statement, the future rate hikes may be less probable.

Best Canadian Dollar to Euro Exchange Rate: How KnightsbridgeFX Does It?

As the leading currency exchange in Canada, KnightsbridgeFX focuses on providing quality foreign exchange services to customers. Here is how we do it.

Large Transaction Volume

Whether you are exchanging or transferring any amount of money to Europe, you stand a chance of getting the best exchange rate CAD Euro with KnightsbridgeFX. We buy currencies in bulk, which gives us an opportunity of offering better rates to our clients.

No Hidden Fees

Most banks often include hidden costs for every money transfer or foreign currency exchange, and this is the fact that most Canadians don’t know. Knightsbridge’s CAD to Euro exchange or Euro to Canadian dollar rate includes every price of the transaction.

Special Foreign Currency Exchange Pricing

If you are searching for a special foreign currency exchange pricing, stop looking further. At KnightsbridgeFX, we aggregate our clients’ requirements by negotiating for better prices with top Canadian financial institutions.

KnightsbridgeFX: One-Stop Solution for Your Currency Exchange Needs

At KnightsbridgeFX, we focus on offering highly competitive currency exchange rates that beat any other bank’s rate. Tell us your bank’s exchange rate and be sure we’ll beat it. KnightsbridgeFx is registered with FINTRAC, under the MSB registration number M09819788. Sign Up Now!

Stop overpaying with your bank on foreign exchange

We are built to beat bank exchange rates and save you money

Frequently Asked Questions

We are guaranteed to offer you a better exchange rate than your financial institution. If you find a better rate from a competitor, once we verify the exchange rate quote we guarantee that we will beat their rate.

Our typical transaction size is between $2,000 per transaction and up to $40 million annually. We like to keep our minimum to $2,000 but we have some flexibility.When sending funds outside of Canada, intermediary banks and receiving banks may charge the receiving customer to receive a transfer.

Client funds are held in segregated client account at a major Canadian financial institution, separate from operating accounts, and are completely secure. A trade confirmation contract on our letterhead is sent to you upon execution of your currency transaction confirming all agreed upon details for your records. All transactions have a confirmation number and can be traced electronically with Canadian banks. Funds can be transferred quickly, generally same-day or next business day back to your specified destination. Funds are transferred securely by wire transfer or direct deposit.

All companies that transmit money in Canada must be registered and regulated by FINTRAC. We are registered and regulated by FINTRAC ( a Government of Canada agency) and our registration number is M09819788.

Over several billions of dollars have been converted for thousands of our Canadian clients and we have a number of testimonials in third party reputable business media including the Toronto Star and Globe and Mail.

Our client account and relationship with our Canadian financial institution is in good standing and they are willing to verify this with a bank letter or phone reference (please contact us if required).

We are conveniently integrated with all Canadian banks and you can test our service with a small amount to see how it works.

The rates change based on the amount you exchange. You can check the rate at any point by using the exchange calculator in your online account or our website . Furthermore, if you call or email us with the amount you want to exchange, we can give you the rate inclusive of our fees based on the dollar amount you are exchanging.

We are not able to accept payments by cash, cheque, or bank draft.

Our large transactional volume allows us to obtain purchasing power – we buy in bulk and pass on the great exchange rates to you along with free wire transfers. Moreover, unlike us, banks have very complex infrastructures and charge hidden fees to be able to cover their costs.

Banks are required to work with us for anti-competitive reasons.

You can easily open a free corporation account by clicking here or navigating to the Sign Up page in the top menu. Follow the registration steps, provide your company information, and upload the required validation documents. Once your account is activated, you can start booking your first trades.