May 17, 2022

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The final value of the Euro in Canada this May 3 is from EUR to CAD

On the last day The Euro Quoted at the end $ 1.35 on averageSo it is down 0.17% compared to the average of $ 1.35 in the previous session.

Considering the last seven days, the Euro Indicates a fall 0.16%So for a year it maintains a further decline 8.92%. Comparing this data with the data of the previous days, he bound for three consecutive days in negative digits. Over the past week, volatility has given higher behavior than the fluctuations shown in last year’s figures, showing itself as an asset with more variations than expected.

In the annual photo, The Euro It shifted the high to an average of 1.46 Canadian dollars, while its lows averaged 1.34 Canadian dollars. 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 first Canadian dollars to be printed, 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.

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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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 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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