EXCHANGE RATE OF EURCAD ON FOREX

The EUR / CAD cross-rate shows the ratio of the European Union currency to the Canadian dollar. In this case, EUR is the "Base" currency, and CAD is the "Quote" currency.

Both trading assets have a high liquidity level, because Canada and few countries of the European Union are included in the G7 and can be used in any type of trading - from scalping to long-term strategies. Activity persists both in the European and American trading sessions.

Canadian dollar - the features of trading

What you should know when trading Canadian dollar:

dynamic economic communication with the USA. Since 84% of Canadian exports go to the United States and 56% of imported goods come from the United States, the power of the American economy and US export demand significantly affect the capital inflows into the Canadian dollar;
close correlation with the oil price. CAD is often used as an oil price index. Canada is a natural resource-rich country, and its economy highly depends on the export of goods and goods' prices. Canada is one of the world's largest producers of crude oil, so there is a strong correlation between the CAD rate and the price of oil;
high volatility of this trading pair. The speed of the CAD rising or falling often indicates the level of risk and volatility in the oil market. The Canadian dollar, at the same time, has become an attractive alternative reserve currency instead of the dollar, in part because of Canada’s high credit rating (AAA) and credible Central Bank policies. The Canadian dollar is getting strong during the period of the trade wars escalation because investors want to diversify their portfolios and get profit from rising commodity prices.

Economic factors that affect the price of the Canadian dollar

The Canadian dollar is trading most actively from 12:00 to 13:30 GMT. In the remaining hours of the session, the CAD liquidity is fading, and price movements are sometimes volatile and unpredictable. You should carefully watch the following economic data that may affect the Canadian dollar: interest rate decisions of the Canada Central Bank, consumer prices / services / inflation, PMI IVEY index, trade balance and employment rate of Canada.

YIELD CHART:

current week last week current month last month select a month

No data for the selected period

Rate of return for $1000

HOW TO EARN ON EXCHANGE RATES OF EURCAD IN 3 STEPS:

Open account

Fund account and get bonus

Select an asset in the platform

EARN ON EURCAD

CHECK OUT OTHER ASSETS:

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.

© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.