Whether you’re settling an invoice from a European supplier, planning a trip to Montreal, or tracking international investments, the euro-to-Canadian-dollar rate touches more decisions than most people realize. Right now, €1 hovers around 1.60 CAD across major platforms — but the exact number varies enough between providers that knowing where to check matters. This guide benchmarks live EUR/CAD rates from XE, Wise, Revolut, and OFX, then walks through the conversion tools, fee structures, and factors that actually move the number.

4 related posts

XE Rate: 1 EUR = 1.5984 CAD · Revolut Rate: 1 EUR = 1.6195 CAD · Wise Rate: 1 EUR = 1.599 CAD · OFX Rate: 1 EUR = 1.6012 CAD

Quick snapshot

1Confirmed facts
  • Mid-market EUR/CAD rate sits at 1.5984 (XE)
  • Wise shows 1 EUR = 1.599 CAD with transparent fees (Wise)
  • Revolut displays 1 EUR = 1.6195 CAD as of April 29, 2026 (Revolut)
2What’s unclear
  • 2026 CAD strength predictions lack consensus among analysts
  • Real-time rates fluctuate continuously; snapshots age quickly
  • Revolut’s spread against mid-market not publicly disclosed
3Timeline signal
  • EUR/CAD ranged from 1.59787 to 1.61174 during April 20–23, 2026 (Wise historical data)
  • Forecast models suggest 1.52 by end of 2026 — unverified (CoinCodex)
4What’s next
  • Bank of Canada rate decisions will influence CAD direction
  • EUR/CAD conversions available instantly via XE, Wise, Revolut, OFX
  • Specialist FX providers often beat bank rates by 2–5%
Provider EUR/CAD Rate As of
XE 1.5984 April 29, 2026
Wise 1.599 April 29, 2026
OFX 1.6012 April 27, 2026
Revolut 1.6195 April 29, 2026
Wise (weekly high) 1.61174 April 20, 2026
Wise (weekly low) 1.59787 April 23, 2026

How much are 100 euros worth in Canadian dollars?

At the current mid-market rate of 1.5984, €100 converts to approximately CAD 159.84. Using Revolut’s rate of 1.6195, that same €100 yields roughly CAD 161.95 — a difference of about CAD 2.11 per hundred euros. For anyone transferring €1,000, the gap widens to CAD 21 or more depending on which platform you use.

Wise’s conversion table shows €1,000 equaling 1,599.47 CAD at mid-market rates, while Revolut’s dashboard lists €1,000 at 1,617.82 CAD. That’s a 1.3% spread between the two platforms on a single thousand-euro transfer.

Quick conversion reference

  • €100 → ~CAD 159.84 (XE mid-market)
  • €100 → ~CAD 161.95 (Revolut)
  • €500 → ~CAD 799.20 (Wise mid-market)
  • €1,000 → ~CAD 1,599.47 (Wise)

How much is 1 euro in Canadian dollars?

The mid-market rate — the wholesale exchange rate banks use before adding their margins — sits at approximately 1.5984 CAD per euro. This figure, provided by XE’s currency converter as of April 29, 2026, serves as the baseline against which all retail providers measure their spreads.

The spread to watch

Revolut’s rate of 1.6195 sits about 1.3% above XE’s mid-market rate. For a €10,000 transfer, that difference amounts to roughly CAD 130 extra. Wise and OFX cluster much closer to mid-market, making them better choices for larger transfers.

Rate sources comparison

Three providers publish their rates openly: XE, Wise, and OFX. Each updates at different intervals — XE refreshes continuously during market hours, Wise updates every few minutes, and OFX refreshes daily. Revolut adjusts rates based on market conditions plus a built-in margin, but does not publish the exact spread.

Platform Rate Type Fee Structure
XE Mid-market reference Transfer fees may apply
Wise Mid-market + small margin Transparent flat fee
OFX Client rate No transfer fee
Revolut Market + spread Included in rate

Is the Canadian dollar stronger than the euro?

At roughly 1.60 CAD per euro, the euro holds more purchasing power in a single unit — you need about 1.6 Canadian dollars to equal one euro. However, “strength” depends on perspective. For Canadian importers buying European goods, a weaker CAD means higher costs. For European tourists visiting Canada, the favorable rate stretches their euros further.

The EUR/CAD pair has traded in a relatively narrow band recently, with Wise’s historical data showing a weekly range of just 1.59787 to 1.61174 between April 20 and 23, 2026. This stability suggests neither currency is decisively outperforming the other in the short term.

Historical trends

Over the past several months, EUR/CAD has hovered consistently between 1.55 and 1.65. The pair touched highs near 1.65 in late 2025 before retreating to the current 1.60 range. Canadian business-focused FX providers note that volatility has decreased compared to 2024, benefiting buyers who value predictability over speculative gains.

What this means

Canadian businesses importing from Europe face relatively stable input costs — no major windfalls, but no nasty surprises either. European buyers converting euros to CAD for Canadian purchases enjoy modest purchasing power, with rates unlikely to shift dramatically without a Bank of Canada or ECB policy surprise.

How much are 300 euros worth in Canadian dollars?

Using the mid-market rate of 1.5984, €300 converts to approximately CAD 479.52. At Revolut’s rate of 1.6195, that same €300 yields CAD 485.85 — a CAD 6.33 difference. Over 12 months of monthly €300 transfers, that gap compounds to roughly CAD 76 in unnecessary fees if you consistently use the higher-rate provider.

Converter tools

All four platforms — XE, Wise, Revolut, and OFX — offer instant calculators. Simply enter your euro amount and the CAD equivalent appears. For recurring transfers, Wise and OFX allow you to set rate alerts or lock in favorable rates when they appear.

The catch

Online calculators show the rate you’d receive — but only for the amount displayed. Providers often apply different rates for different transfer sizes. Wise explicitly notes its fee of 5.58 EUR on a €1,000 transfer, yielding 1,615.80 CAD within two days. Smaller transfers may carry proportionally higher fees.

Will the Canadian dollar rise in 2026?

Forecasts remain uncertain. One model from CoinCodex projects EUR/CAD dropping to 1.52 by the end of 2026, implying the Canadian dollar would strengthen significantly against the euro. However, this forecast comes from a tier-3 source focused on cryptocurrency markets, and its track record on forex predictions is unverified.

What drives CAD’s direction? The Bank of Canada’s monetary policy decisions, oil prices (Canada’s largest export), and the broader risk appetite in global markets all influence the currency. If oil rallies and the Bank of Canada holds or raises rates, CAD could indeed strengthen. If economic growth stalls or the central bank cuts rates to stimulate activity, CAD likely weakens.

Expert outlooks

Major banks and FX analysts generally expect modest CAD strength through 2026, citing Canada’s commodity exports and relatively hawkish central bank stance compared to some peers. However, consensus forecasts rarely predict dramatic moves — the most likely scenario is continued oscillation within the 1.55–1.65 range.

Factors influencing CAD

  • Bank of Canada interest rate decisions relative to ECB
  • Oil price trends (WTI crude benchmark)
  • US-Canada trade policy developments
  • Global risk sentiment (safe-haven flows)
  • Canadian employment and inflation data releases
Hedging reminder

If you’re converting large euro amounts to CAD for business purposes, consider forward contracts or FX options to lock in today’s rate. Currency forecasts — even from reputable analysts — carry significant uncertainty. The EUR/CAD pair moved less than 2% in a typical week during April 2026, but unexpected central bank announcements can trigger sharp moves overnight.

EUR to CAD comparison: providers side by side

Four providers, four rates — but the cheapest transfer isn’t always the one with the highest displayed rate. Wise publishes its fees transparently: a €1,000 transfer costs 5.58 EUR in fees and delivers 1,615.80 CAD within two days. OFX claims bank-beating rates with no transfer fee, though its client-specific rate wasn’t publicly displayed.

Provider EUR/CAD Rate Fee Model Best For
XE 1.5984 (mid-market) Transfer fee varies Rate reference benchmark
Wise 1.599 Transparent flat fee Large transfers, fee transparency
OFX 1.6012 No transfer fee Recurring business transfers
Revolut 1.6195 Built into rate Mobile users, small amounts
Banks Varies widely Wide spread + fees Avoid for large transfers

The implication: retail banks consistently underperform specialist FX providers. MTFX notes that banks add wide spreads and fees compared to best EUR rates, while CurrencyTransfer claims up to 85% savings versus banks. For Canadian businesses moving euros regularly, switching to OFX, Wise, or a specialist like CanAm can mean keeping thousands more annually.

How to convert euros to Canadian dollars: a step-by-step guide

Whether you’re using a desktop converter or a mobile app, the process takes under two minutes once you’ve set up an account.

Step 1: Choose your platform

For rate transparency, Wise and OFX lead. For ease of use on the go, Revolut’s app works well for smaller amounts. XE serves best as a rate reference — check what it shows, then compare what you’d actually receive from a transfer provider.

Step 2: Enter your amount

Input the euro amount you want to convert. Most converters default to 1 EUR — adjust the slider or type your specific figure. For €100, €300, €1,000 or other common amounts, verify you’re looking at the right row in the conversion table.

Step 3: Review the rate and fees

Wise shows its fee explicitly: 5.58 EUR on a €1,000 transfer. OFX displays its rate with no added transfer fee. Revolut includes its margin in the displayed rate. Always calculate the all-in cost, not just the headline rate.

Step 4: Confirm and send

Link your bank account, verify recipient details (CAD account number and institution number for Canadian transfers), and authorize the transfer. Delivery times range from same-day (Revolut) to 2 business days (Wise, OFX) depending on cut-off times and verification status.

The mid-market exchange rate serves as the true benchmark for comparing provider costs. Wise publishes this rate alongside its transparent transfer fee, making it straightforward to calculate total conversion expenses.

“Get bank-beating foreign currency exchange rates with OFX.” — OFX

Confirmed

  • XE mid-market EUR/CAD: 1.5984 (April 29, 2026)
  • Wise mid-market EUR/CAD: 1.599 (April 29, 2026)
  • Revolut EUR/CAD: 1.6195 (April 29, 2026)
  • OFX EUR/CAD: 1.6012 (April 27, 2026)
  • Wise weekly range: 1.59787–1.61174 (April 20–23, 2026)
  • Wise supports 140 currencies at mid-market rates
  • Revolut offers in-app EUR to CAD exchange among 25+ currencies
  • Wise provides historical charts and rate alerts

Uncertain

  • EUR/CAD forecast to 1.52 by end-2026 (unverified tier-3 source)
  • Exact Revolut spread against mid-market rate (not publicly disclosed)
  • Bank-specific rates (highly variable, not publicly listed)
  • Impact of future Bank of Canada rate decisions
  • CanAm’s claimed 3% advantage over banks (not independently verified)

Related reading: 61 USD to CAD: Current Exchange Rate and Converter · 1500 USD to CAD: Live Rate and Forecasts Today

Additional sources

wise.com, canamcurrencyexchange.com, currencytransfer.com, xe.com

Live converters like this one pair seamlessly with the Euro to CAD trends page for deeper insights into recent euro to Canadian dollar fluctuations and patterns.

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Frequently asked questions

What factors affect the euro to CAD rate?

The EUR/CAD exchange rate responds to interest rate differentials between the ECB and Bank of Canada, oil prices (Canada’s key export), trade balances, and broader market risk sentiment. Economic data releases — employment figures, inflation reports, GDP growth — can trigger daily volatility.

How do I use a currency converter safely?

Use converters as rate references, not final transaction quotes. For actual transfers, verify the provider’s license in your jurisdiction. In Canada, look for FINTRAC registration for money service businesses. For European users, check that the provider is authorized by its national financial regulator.

What is the historical EUR/CAD trend?

EUR/CAD has traded between roughly 1.50 and 1.68 over the past three years. The pair peaked near 1.68 in 2022 when the euro strengthened post-pandemic, then settled into a 1.55–1.65 range. Recent weeks show tighter ranges around 1.60, suggesting reduced volatility.

Are there fees in EUR to CAD conversions?

Yes — all providers charge something. Wise charges a flat transparent fee (5.58 EUR on €1,000). OFX charges no transfer fee but builds margin into the rate. Revolut includes its spread in the displayed rate. Traditional banks typically charge both a spread and a flat transfer fee, often totaling 2–5% above mid-market.

Which app offers the best EUR to CAD rate?

For the highest displayed rate, Revolut shows 1.6195 — but this includes its margin. For the best actual value received, Wise and OFX tend to deliver more CAD per euro after their fees. XE provides the mid-market benchmark against which all others should be compared. The “best” depends on transfer size and whether you prioritize rate transparency, speed, or convenience.

How often do exchange rates update?

XE updates continuously during market hours. Wise refreshes every few minutes. OFX updates daily. Revolut adjusts based on market conditions plus its spread. For any real-time figure, check the timestamp on the displayed rate — an hour-old rate may not reflect current market conditions.

Is the euro stronger than the Canadian dollar?

Yes — one euro buys more than one Canadian dollar. At 1.60 CAD per euro, you need 1.6 CAD to equal 1 EUR. However, “stronger” depends on perspective: a weaker CAD means Canadian exports are cheaper for Europeans, while a stronger euro means Europeans get more CAD for their money when visiting Canada.

For Canadian businesses receiving euros or European companies converting CAD revenues, the choice of FX provider matters more than most people realize. A difference of 0.02 in the rate — less than 1.25% — compounds dramatically on large transfers. Wise and OFX consistently outperform banks, while Revolut suits casual users who value mobile convenience over optimal rates. Watch the mid-market rate from XE as your baseline, then calculate what you’ll actually receive after fees before committing.