May 17, 2022

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The euro will depreciate from EUR to CAD on March 10 in Canada

In the last session The Euro Quoted at the end 1.40 Canadian dollarsIt was quoted at $ 1.42, down 1.06% from the previous day.

In the last seven days, the Euro Records the rise 1.03%; For a year it has accumulated one more fall 4.55%. In connection with the changes of this day with respect to previous dates, it ended three sessions positively. The volatility last week was 11.66%, which is clearly higher than the annual fluctuation data (6.03%), thus giving more fluctuations than the general trend of the value.

In the annual photo, The Euro It was paid a maximum of C $ 1.46, while its lowest was C $ 1.38. The Euro It is located closer to its minimum than its maximum.

Canadian recovery

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 printing of the first Canadian dollar, which was 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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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 after a severe stroke represented by corona virus infection, goes into 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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