May 24, 2024


Complete Canadian News World

The final value of the dollar in Canada on May 3 is USD to CAD

The final value of the dollar in Canada on May 3 is USD to CAD

The US dollar Traded at the last minute $ 1.28 on averageIt ended with an average of $ 1.29, down 0.35% from the previous day’s figure.

In connection with the last seven days, the US dollar Records the rise 0.11%So on a year-on-year basis it still maintains a high 2.17%. As for the previous days, the direction of the previous data changed, where it settled with an increase of 0.01%, unable to establish a clear trend recently. Referring to last week’s fluctuations, it was obviously lower than last year’s accumulation, which shows that its price has been lower than expected in recent times.

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 closer to its value than the minimum 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 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.

READ  Canada increases humanitarian aid to Ukraine and provides money, transportation and accommodation for refugees

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 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.

We recommend you: