Euro to Canadian Dollar exchange rate history 1999 to 2026: Europe against oil
One Euro bought 1.5833 CAD in 1999 and 1.6055 CAD in 2026. Europe against oil. The series covers 28 years of annual data.
- 2026 avg
- 1.6055
- year to date
- Highest avg
- 1.6171
- 2004
- Lowest avg
- 1.2850
- 2012
- Traded range
- 1.2153 to 1.8035
- low 2012, high 1999
Source: Federal Reserve H.10 cross rate (DEXUSEU ÷ DEXCAUS). Latest daily observation 2026-10-30.
Annual averages of daily observations.
EUR/CAD in four numbers
- Change since 1999
- -0.3%
- 27 complete years
- Change over 10 years
- +11.3%
- 2015 to 2025
- Average annual change
- +0.7%
- standard deviation 8.5 points
- Largest drawdown
- 22.9%
- 2008 to 2012
EUR/CAD since 1999
Euro to Canadian Dollar averaged 1.5833 CAD in 1999 and 1.5787 CAD in 2025, 0.3% lower across 27 complete years.
The annual average has ranged from 1.2850 in 2012 to 1.6171 in 2004. On individual trading days the series reached 1.2153 and 1.8035, a ratio of 1.5 to 1.
Oil and the euro-Canadian dollar pair
EUR/CAD includes a commodity currency. The Canadian dollar is a commodity-linked currency closely tied to the United States, its largest trading partner.
Canada's oil exports give the Canadian dollar an energy cycle that the euro area does not share. The link runs through the terms of trade: a higher export price raises national income and usually supports the exporter's currency, while a fall does the opposite. The pair is therefore a relative bet on European growth against North American energy and US demand.
The data shows that sensitivity but not a mechanical rule. The average moved -0.3% over 27 complete years, and the traded range ran from 1.2153 in 2012 to 1.8035 in 1999.
What moves EUR/CAD
EUR: The euro is the shared currency of the euro area. It was introduced for accounting in 1999 and as cash in 2002.
CAD: The Canadian dollar is a commodity-linked currency closely tied to the United States, its largest trading partner.
For EUR/CAD, the EUR leg responds to European Central Bank policy, euro area inflation, energy prices, while the CAD leg responds to oil and commodity prices, US demand, Bank of Canada and Federal Reserve policy. The exchange rate is the market's attempt to balance the two sets of forces.
How wide is the EUR/CAD range?
The highest single observation in the series was 1.8035 in 1999, and the lowest was 1.2153 in 2012. That is a ratio of 1.5 to 1 between the two extremes.
Annual averages are narrower than single-day levels because they smooth the intra-year swings. Even so, the average has ranged from 1.2850 to 1.6171, a spread that matters for anyone converting at different points in the cycle.
The five largest EUR/CAD moves
Ranked by absolute year-end change, the five largest moves were 2008 (+18.1%), 2002 (+16.9%), 2005 (-15.3%), 2009 (-12.0%), 2013 (+11.6%). The biggest was 2008, when the rate moved from 1.4429 to 1.7037, a change of 18.1%.
Across 27 complete years the pair rose in 14 and fell in 12. The average annual change was +0.7% with a standard deviation of 8.5 percentage points, which is one way to compare its volatility with other pairs.
How to read the EUR/CAD data
This is a derived cross rate. Each day's EUR/CAD is calculated from the two US dollar legs in Federal Reserve H.10 cross rate (DEXUSEU ÷ DEXCAUS), joined on the same calendar date with up to seven days of holiday carry-forward. No figure on this page is estimated or interpolated.
EUR/CAD history: the years that moved the rate
Each event below is dated and tied to one of the currencies in this pair.
- 1999 1999-01-01
The euro is launched
Eleven European Union countries adopted the euro as an accounting currency, replacing the European Currency Unit at a ratio of one to one.
- 2008 2008-09-15
Lehman Brothers files for bankruptcy
The collapse of Lehman Brothers triggered a global financial crisis, a flight into the US dollar and extreme volatility across currency markets.
- 2020 2020-03-15
Pandemic triggers a global dash for cash
The COVID-19 shock caused a worldwide sell-off and a surge in demand for US dollars, followed by large central bank intervention and emergency rate cuts.
EUR/CAD annual average, 1999 to 2026
Annual average with the full trading range for each year. average high–low range
Source: Federal Reserve H.10 cross rate (DEXUSEU ÷ DEXCAUS). Figures are annual averages of daily observations.
EUR to CAD exchange rate by year
Every year since 1999: annual average, the year high and low, the year-end rate, and the change on the previous year.
| Year | Average | High | Low | Year end | Change |
|---|---|---|---|---|---|
| 1999 | 1.5833 | 1.8035 | 1.4541 | 1.4541 | n/a |
| 2000 | 1.3703 | 1.5043 | 1.2541 | 1.4077 | -3.2% |
| 2001 | 1.3864 | 1.4627 | 1.2640 | 1.4175 | +0.7% |
| 2002 | 1.4840 | 1.6566 | 1.3677 | 1.6566 | +16.9% |
| 2003 | 1.5824 | 1.6638 | 1.4970 | 1.6279 | -1.7% |
| 2004 | 1.6171 | 1.6913 | 1.5426 | 1.6292 | +0.1% |
| 2005 | 1.5090 | 1.6420 | 1.3576 | 1.3803 | -15.3% |
| 2006 | 1.4243 | 1.5377 | 1.3523 | 1.5377 | +11.4% |
| 2007 | 1.4683 | 1.5626 | 1.3447 | 1.4429 | -6.2% |
| 2008 | 1.5616 | 1.7313 | 1.4496 | 1.7037 | +18.1% |
| 2009 | 1.5849 | 1.6937 | 1.4930 | 1.4993 | -12.0% |
| 2010 | 1.3653 | 1.5066 | 1.2474 | 1.3281 | -11.4% |
| 2011 | 1.3765 | 1.4304 | 1.2845 | 1.3191 | -0.7% |
| 2012 | 1.2850 | 1.3447 | 1.2153 | 1.3131 | -0.5% |
| 2013 | 1.3682 | 1.4725 | 1.2859 | 1.4657 | +11.6% |
| 2014 | 1.4675 | 1.5547 | 1.3927 | 1.4038 | -4.2% |
| 2015 | 1.4187 | 1.5297 | 1.3112 | 1.5028 | +7.0% |
| 2016 | 1.4657 | 1.5932 | 1.3874 | 1.4167 | -5.7% |
| 2017 | 1.4655 | 1.5329 | 1.3847 | 1.5048 | +6.2% |
| 2018 | 1.5303 | 1.6137 | 1.4782 | 1.5631 | +3.9% |
| 2019 | 1.4854 | 1.5435 | 1.4441 | 1.4552 | -6.9% |
| 2020 | 1.5301 | 1.5847 | 1.4283 | 1.5597 | +7.2% |
| 2021 | 1.4825 | 1.5662 | 1.4171 | 1.4461 | -7.3% |
| 2022 | 1.3695 | 1.4615 | 1.2891 | 1.4477 | +0.1% |
| 2023 | 1.4595 | 1.5038 | 1.4201 | 1.4604 | +0.9% |
| 2024 | 1.4819 | 1.5143 | 1.4477 | 1.4905 | +2.1% |
| 2025 | 1.5787 | 1.6397 | 1.4712 | 1.6092 | +8.0% |
| 2026 YTD | 1.6055 | 1.6290 | 1.5580 | 1.5580 | -3.2% |
1999–2026 · 27 complete calendar years. Annual figures are averages of available daily observations. 2026 is year to date: the average is based on 209 published trading days through 2026-10-30.
Highest and lowest EUR/CAD rates on record
Measured across 28 calendar years of annual data, 1999 to 2026.
EUR/CAD history: common questions
What was the EUR/CAD rate in 1999?
One EUR averaged 1.5833 CAD in 1999, with a range of 1.4541 to 1.8035 and a year-end rate of 1.4541.
What is the lowest EUR/CAD rate on record?
The lowest annual average was 1.2850 in 2012. The lowest single observation was 1.2153 in 2012.
What is the highest EUR/CAD rate on record?
The highest annual average was 1.6171 in 2004. The highest single observation was 1.8035 in 1999.
How volatile has EUR/CAD been?
Across 27 complete years the average annual change was +0.7% with a standard deviation of 8.5 percentage points. The largest drawdown was 22.9%, from 2008 to 2012.
What was the biggest single-year move in EUR/CAD?
2008 was the largest, at +18.1%. The year-end rate moved from 1.4429 to 1.7037.
How is the EUR/CAD rate calculated?
This is a derived cross rate. Each day's EUR/CAD is calculated from the two US dollar legs in Federal Reserve H.10 cross rate (DEXUSEU ÷ DEXCAUS), joined on the same date.
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