Understanding currency exchange is crucial in today’s globalized world, whether you’re traveling, conducting international business, or simply managing finances across borders. This guide provides up-to-date exchange rates, focusing on the Euro (EUR), United States Dollar (USD), and Canadian Dollar (CAD), and how to easily convert between these and other currencies. Our currency converter utilizes cross rates from central bank data to ensure accuracy, allowing you to calculate the precise value of EUR and USD against numerous global currencies. Currency codes are standardized according to ISO 4217:2015, represented by a three-letter alphabetic code for clear identification.
| 1 CAD | = | 0.6658 EUR |
|---|---|---|
| Canadian dollar | ↔ | Euro |
| 1 CAD = 0.6658 EUR | 1 EUR = 1.5019 CAD | |
| ECB Exchange rates: 2025-02-28 14:56:58 |
Understanding Cross Currency Rates
Currency exchange cross rates are essential when you need to determine the value between two currencies, neither of which is the base currency of your location. For instance, in the United States, a cross rate would be any exchange rate that doesn’t involve the U.S. Dollar directly. These rates are calculated from individual currency pairs and provide a comprehensive view of currency values against each other. This is particularly useful when dealing with Euro, US Dollar, and Canadian Dollar, allowing for direct comparisons and conversions.
The table below illustrates cross currency rates for major global currencies, including EUR, USD, CAD, and more.
| EUR | USD | GBP | CHF | CAD | AUD | JPY |
|---|---|---|---|---|---|---|
| EUR | 1 | 1.0411 | 0.8261 | 0.9394 | 1.5019 | 1.6741 |
| USD | 0.9605 | 1 | 0.7935 | 0.9023 | 1.4426 | 1.6080 |
| GBP | 1.2105 | 1.2603 | 1 | 1.1372 | 1.8181 | 2.0266 |
| CHF | 1.0645 | 1.1083 | 0.8794 | 1 | 1.5988 | 1.7821 |
| CAD | 0.6658 | 0.6932 | 0.5500 | 0.6255 | 1 | 1.1147 |
| AUD | 0.5973 | 0.6219 | 0.4934 | 0.5611 | 0.8971 | 1 |
| JPY | 0.0064 | 0.0066 | 0.0053 | 0.0060 | 0.0096 | 0.0107 |
This table provides a quick reference for understanding the relative value of Euro, US Dollar, Canadian Dollar, and other currencies. For example, you can see the exchange rate to convert Canadian Dollars to Euros or US Dollars to Canadian Dollars directly.
Save on International Money Transfers
Traditional methods of international money transfer, especially through banks, can often be costly. Banks typically add hidden fees within unfavorable exchange rates, leading to higher expenses for you. For those who frequently send or receive money internationally, especially when dealing with Euro, US Dollar, or Canadian Dollar, considering alternative services can lead to significant savings.
We recommend exploring Wise (formerly TransferWise) for international money transfers. Wise often offers significantly lower fees and more transparent exchange rates compared to traditional banks. For instance, transferring 1000 EUR to USD with Wise could cost as little as 4 EUR, whereas a bank might charge around 28 EUR for the same transaction. This difference highlights the potential savings when using specialized services for currency exchange and international money transfers involving Euro, US Dollar, and Canadian Dollar.
Our currency converter is updated daily using central bank data, typically between 2:15 p.m. and 3:00 p.m. CET. For automated currency conversion with live updates and API access for over 150 currencies, consider exploring our currency converter API to integrate real-time exchange rates into your own systems.
* Data is derived from central bank sources and updated daily.
