December 4, 2022

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Dollar: April 20 starting price today in Canada

The US dollar Traded in the open $ 1.25 on averageSo when compared to the previous day’s price, it ended with an average of 1.26 Canadian dollars, a decrease of 0.79%.

Referring to last week’s profit, The US dollar Indicates a fall 0.65%; But year by year it is still increasing 0.52%. As in the previous days, a definite course could not be established on the last dates. As for the volatility of the last days, it is 5.34%, which is lower than the annual fluctuation rate (6.04%), so it has been behaving more consistently than usual recently.

In the annual photo, The US dollar The average maximum paid was $ 1.29, while its minimum amount averaged $ 1.25. The US dollar Is placed closer to its minimum value than its maximum value.

Canadian currency

The Canadian dollar It is the official currency of Canada, denoted by the abbreviation CAD and denominated in 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 first Canadian dollars to be printed, 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 the Bank of Canada and are made in Ottawa.

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With regard to the economy, it was recently confirmed by the Organization for Economic Co-operation and Development (OECD). Canada has crossed its key point And SARS-CoV-2 goes into a period of moderate development, after the severe blows indicated by the infection.

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 major 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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