October 1, 2022

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The final value of the Euro in Canada on May 25 will be the CAD from the EUR

In the last session The Euro Traded at the last minute $ 1.37 on averageWhen quoted at $ 1.38 on average, it was down 0.58% compared to the previous day’s price.

For the past seven days, The Euro Recorded the increase 0.88%; Rather it has maintained a further decline for a year 7.67%. Compared to the previous days this data, it ended two consecutive sessions with a positive trend. In the past week, there has been more volatility than accumulated in the previous year, indicating that it exhibits more volatile behavior.

In the annual photo, The Euro It shifted the high to an average of $ 1.46, while its lows averaged $ 1.33.

Canadian dollar

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 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 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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