December 10, 2023


Complete Canadian News World

The final value of the Euro in Canada on May 10 is from EUR to CAD

The final value of the Euro in Canada on May 10 is from EUR to CAD

The Euro Paid on completion $ 1.37 on averageThis is down 0.16% from the previous session average of C $ 1.37.

If we consider the data of the last seven days, the Euro Records the rise 1.41%; Nevertheless, year-on-year, it still maintains a decline 7.6%. Compared to the previous sessions, it ended three sessions in a row with a positive trend. Last week, the volatility was 6.03%, which is slightly lower than the annual fluctuation rate (6.3%), so it can be said that it has recently passed the period of high stability.

In the past year, The Euro The average maximum paid was $ 1.46, while its minimum amount averaged $ 1.34. The Euro It is placed closer to the 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 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.

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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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