October 2, 2022

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Canada: Euro starting rate today June 13 Euro to CAD

The Euro Traded in the open $ 1.34 on averageThis represents 0.04% compared to the previous day’s average of 1.34 Canadian dollars.

If we consider the data of the last seven days, the Euro Accumulates a drop 0.26%So for a year it maintains a further decline 10.38%. As for the last days, it connects four consecutive days in red. Referring to last week’s fluctuations, it is clearly lower than the number reached last year (6.44%), so it is behaving more consistently than the general trend in recent days.

In the past year, The Euro It shifted the high to an average of $ 1.46, while its lows averaged $ 1.33.

Canadian currency

The Canadian dollar It is the official currency of Canada, the abbreviation CAD is used to denote it and is divided by 100 cents.

It should be noted that after the conversion of the Canadian dollar to the British pound sterling, the Spanish dollar and the peso were used almost throughout the history of the country.

On July 1, 1858, the authorities ordered the issuance of the first Canadian dollars, which were adopted for the decimal system in subsequent years. However, that was not until 1871 Cash consolidation approved All Canadian provinces use the dollar, and finally abolished the gold standard in 1933.

Today 1, 5, 10 and 25 Canadian coins are used St., $ 1 and $ 2, supplied by the Royal Canadian Mint; On the other hand, $ 5, 10, 20, 50, 100 and $ 1,000 bills are issued by Bank of Canada and are made in Ottawa.

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At the Economic Branch, the Organization for Economic Co-operation and Development (OECD) recently confirmed this Canada has crossed its key point And after a severe stroke marked by Govit-19 infection, progresses to a period of moderate development.

Canada, on the other hand, was able to establish itself as a key trading partner of the United States by the end of 2021, with 14.5% participation among the country’s 15 key partners.

The International Monetary Fund (IMF) predicts that Canada will grow by 4.1% in 2022 and 2.8% in 2023, after the recession of 4.7 in 2021.

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