April 13, 2024


Complete Canadian News World

The euro will depreciate from EUR to CAD on March 22 in Canada

The euro will depreciate from EUR to CAD on March 22 in Canada

The Euro Paid on completion $ 1.39 on averageSo when it ended with an average of 1.39 Canadian dollars, it was down 0.12% compared to the previous day’s price.

If we consider the data of the last seven days, the Euro Accumulates less 0.94%That is why there is still a decline for a year 5.82%. As for past dates, he added two consecutive sessions in red. The volatility is lower than the numbers obtained last year (6.12%), which shows that there are fewer changes than the general trend in this last phase.

In the past year, The Euro The average maximum paid was $ 1.46, while its lowest average was $ 1.38. The Euro It is located closer to its minimum than its maximum.

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

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 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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