EUR to CAD in 2025: the year in numbers
Updated September 26, 2026
The euro averaged 1.5787 Canadian dollars in 2025, based on 255 ECB reference rates. That was 6.52% above the 2024 average of 1.4821. The euro started the year near its low, at 1.4885, and ended at 1.6088, a gain of 8.08%. The low of the year was 1.4699 on January 13 and the high 1.6393 on October 17.
The year in four phases
January and February: the low plateau. Monthly averages were 1.4904 and 1.4893. These were the cheapest months of the year for Canadians buying euros.
March and April: the breakout. The euro jumped in March, to an average of 1.5518, and kept rising in April to 1.5701. The March range, from 1.5104 to 1.5731, shows how fast the move was.
June to October: the climb to the top. After a pause in May, the euro crossed 1.6 at the end of June, closing the month at 1.6027. Monthly averages then rose to 1.6057 in August, 1.6226 in September and 1.628 in October, the highest of the year.
November and December: a gentle retreat. The euro eased to 1.6248 in November and 1.6168 in December, closing the year at its December low of 1.6088.
EUR/CAD month by month
| Month | Average | Monthly range (low to high) |
|---|---|---|
| January | 1.4904 | 1.4699 to 1.5096 |
| February | 1.4893 | 1.4789 to 1.5054 |
| March | 1.5518 | 1.5104 to 1.5731 |
| April | 1.5701 | 1.5479 to 1.5891 |
| May | 1.5646 | 1.5531 to 1.5721 |
| June | 1.5754 | 1.5601 to 1.6027 |
| July | 1.5982 | 1.5838 to 1.6076 |
| August | 1.6057 | 1.5822 to 1.6171 |
| September | 1.6226 | 1.6056 to 1.6346 |
| October | 1.628 | 1.6179 to 1.6393 |
| November | 1.6248 | 1.617 to 1.6331 |
| December | 1.6168 | 1.6088 to 1.6299 |
What the numbers mean
A strong euro year. The euro gained against most major currencies in 2025, and the Canadian dollar was no exception. An 8.08% rise from first to last fixing is large for a pair of developed-market currencies.
The second half was expensive for euro buyers. Every monthly average from July to December was 1.5982 or higher, while the first quarter never averaged above 1.5518.
December pulled back from the peak. The year-end rate of 1.6088 was below the October high, which matters for companies revaluing euro balances.
Who was affected
Canadian travellers in Europe. A trip to Paris, Lisbon or Rome cost noticeably more in Canadian dollars in the autumn than in the winter. The difference between the February and October averages was large enough to change a holiday budget.
Canadian importers. Wine, cars, machinery and pharmaceuticals from the euro area became more expensive in Canadian dollars through the year.
Canadian exporters to Europe. Seafood, minerals and aerospace products sold in euros brought in more Canadian dollars.
European companies in Canada. Local costs in Canadian dollars became cheaper in euro terms, which helped firms with Canadian operations.
Using 2025 figures
Where the accounting policy accepts ECB rates, use the yearly average of 1.5787 for income items and the year-end rate of 1.6088 for balances. Canadian companies often use the Bank of Canada's daily or annual average rates, so check which source applies.
For a 2026 budget, the last-quarter averages describe the current level much better than the yearly average, which is pulled down by the cheap first quarter.
What to do
- See each month on EUR/CAD in 2025: monthly table.
- Compare the start and end of the year on EUR/CAD in January 2025 and EUR/CAD in December 2025.
- Check the EUR to CAD exchange rate today before booking travel or paying a euro invoice.
- If you pay regular euro costs from Canada, review your budget rate every quarter.
Questions and answers
What was the average EUR to CAD rate in 2025?
The euro averaged 1.5787 Canadian dollars in 2025, across 255 ECB reference rates, 6.52% above the 2024 average of 1.4821.
When was the euro strongest against the Canadian dollar in 2025?
On October 17, 2025, at 1.6393 Canadian dollars. October also had the highest monthly average, 1.628.
How much did the euro rise against the Canadian dollar in 2025?
From 1.4885 on the first fixing of 2025 to 1.6088 on the last, a rise of 8.08%.