August 19, 2022

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Dollar: May 26 starting price today in Canada

The US dollar Traded in the open $ 1.28 on averageSo it is down 0.07% compared to the average of $ 1.28 in the previous session.

If we consider the data of the last week, the US dollar Record a drop 0.23%; On the other hand, it has been accumulating one more rise in the last year 2.34%. As for previous dates, it has been linked in red for two consecutive days. When referring to last week’s fluctuations, it is clearly lower than the number reached in the previous year (6.28%), so its price recently offers lower variations than usual.

In the annual photo, The US dollar It shifted the high to an average of 1.30 Canadian dollars, while its lows averaged 1.25 Canadian dollars.

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.

Canadian coins 1, 5, 10 and 25 are currently in use. 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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In economic matters, the Organization for Economic Co-operation and Development (OECD) recently confirmed it 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 a 14.5% share compared to 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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