May 30, 2024


Complete Canadian News World

The starting value of the dollar in Canada on June 10 is USD to CAD

The starting value of the dollar in Canada on June 10 is USD to CAD

After the start of the trading session US dollar Paid on opening $ 1.28 on averageThe average of $ 1.27 refers to an increase of 0.69% compared to the previous session.

Regarding last week’s profit, The US dollar Scores rise 1.56% And on a year-on-year basis it maintains an increase still 1.25%. As for the variations of this day with respect to the previous days, it adds three consecutive days in positive figures. The volatility of the last seven days is 8.01%, which is higher than the annual fluctuation rate (6.36%), which shows that the value is experiencing greater variations than the general trend.

In the annual photo, The US dollar It shifted the high to an average of 1.30 Canadian dollars, while its lows averaged 1.25 Canadian dollars.

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 creation 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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At the Economic Branch, the Organization for Economic Co-operation and Development (OECD) recently confirmed this 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 to 4.1% in 2022 and 2.8% in 2023, after the recession of 4.7 in 2021.

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