To trade this currency pair, it is essential to know the differences between the European and Canadian economies. The CAD rate is a commodity currency, so make sure to track market prices for the relevant products. About 60% of Canadian export goes to the US—the major items are oil, wheat, and aluminium alloy. Meanwhile the EU is the second largest economy in the world, and its market is as diverse as the markets of its members.
Spreads and conditions
- Minimum spread
- 0.8
- Average spread
- 1.8
- Swap short (pips)
- -0.02
- Swap long (pips)
- -0.55
- Contract size
- 100 000 EUR
- Pip price (USD/LOT)
- 7.61
- Islamic acc fee (short)
- -0.02
- Islamic acc fee (long)
- -0.55