Cross pair
EUR/CAD: volatility, trading hours and correlation
The euro against the Canadian dollar. EUR/CAD has averaged 64 pips a day over the last 90 days, with recent volatility close to its one-year norm. It tends to move most between 13:00 and 16:00 UTC.
- Last close
- 1.58862 16 October 2026
- Avg daily range
- 64 pips 90 days · 0.40% of price
- 1-year change
- -3.24% EUR weaker vs CAD
- 52-week range
- 1.56117 – 1.64671 Low to high
EUR/CAD over the last 12 months
Daily closes
When EUR/CAD moves most
Average high-to-low range for each hour of the day over the last year, in pips (UTC). The busiest three-hour window is highlighted. 21:00–23:00 UTC includes the daily rollover, when spreads widen and bid prices dip, so those hours are left out of it.
Want these hours in your own time zone? Open forex market hours. To compare EUR/CAD with other pairs, read the most volatile hours in forex.
Average range by weekday
Pips, last 12 months. Friday is typically busiest and Wednesday quietest.
Calendar-year performance
% change in EUR/CAD each year, latest year to date
EUR/CAD seasonality
Average % change by calendar month across the last 9 years. November has been the strongest month on average and January the weakest. Seasonality is a tendency, not a forecast.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg change | -0.31% | +0.20% | +0.58% | +0.25% | -0.23% | -0.23% | -0.10% | +0.31% | -0.13% | +0.11% | +0.69% | +0.48% |
| Years up | 33% | 33% | 67% | 67% | 56% | 22% | 44% | 67% | 44% | 44% | 67% | 44% |
EUR/CAD correlation
Correlation of daily returns with other pairs. +1 means they move together, −1 means they move in opposite directions. How to use correlation.
Biggest daily moves in the last year
The five widest high-to-low days for EUR/CAD.
| Date | Range | Open to close | × normal day |
|---|---|---|---|
| 19 March 2026 | 221 pips | +1.23% | 3.1× |
| 9 March 2026 | 198 pips | +0.65% | 2.8× |
| 5 December 2025 | 193 pips | -0.96% | 2.7× |
| 28 January 2026 | 174 pips | -0.75% | 2.4× |
| 23 March 2026 | 169 pips | +0.80% | 2.4× |
EUR/CAD pip value
Value of a one-pip move (0.0001) at the latest price.
| Account currency | Standard lot (1.00) | Mini lot (0.10) | Micro lot (0.01) |
|---|---|---|---|
 USD | 7.07 USD | 0.71 USD | 0.071 USD |
 EUR | 6.29 EUR | 0.63 EUR | 0.063 EUR |
 GBP | 5.31 GBP | 0.53 GBP | 0.053 GBP |
 CAD | 10.00 CAD | 1.00 CAD | 0.100 CAD |
About EUR/CAD
EUR/CAD shows how many Canadian dollars (CAD) it takes to buy one euro (EUR). When the price rises, the euro is strengthening against the Canadian dollar.
EUR is issued by the European Central Bank. It tends to respond to European Central Bank policy, eurozone inflation and growth data, and the spread between German and US bond yields.
CAD is issued by the Bank of Canada. It tends to respond to Bank of Canada policy, crude oil prices and the health of the US economy, Canada’s largest trading partner.
With an average range of about 64 pips a day, a stop loss of 19–38 pips is roughly a third to two-thirds of a normal day for EUR/CAD. Always size your position from the stop distance with the lot size calculator.
EUR/CAD FAQ
What is the average daily range of EUR/CAD?
Over the last 90 days EUR/CAD moved an average of 64 pips from high to low each day, about 0.40% of its price. Over the past year the average was 71 pips, and over the last 20 trading days it was 74 pips.
What is the best time to trade EUR/CAD?
In the past year EUR/CAD was most active between 13:00 and 16:00 UTC, and the London session produced the largest average range (54 pips). The quietest hour was 04:00 UTC. Friday was its busiest weekday on average.
What is EUR/CAD most correlated with?
Based on daily returns over the last year, EUR/CAD moved most closely with GBP/CAD (correlation 0.76) and most inversely with CAD/CHF (-0.66).
How much is one pip worth on EUR/CAD?
One pip on EUR/CAD is 0.0001 of the price. For one standard lot (100,000 EUR) that is 10 CAD, or about $7.07 at the latest price. A mini lot is a tenth of that and a micro lot a hundredth.
Statistics are calculated by ForexSignals.io from Dukascopy hourly bid prices up to the 16 October 2026 close. Trading days run from 17:00 to 17:00 New York time, the same daily candles most MT4 and MT5 brokers show. Hourly figures cover the last 12 months, seasonality the last 9 full years. Data may contain errors and is not a trading recommendation.
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