October 1, 2022

OsoyoosToday

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The starting value of the dollar in Canada on May 27 is USD to CAD

The US dollar Traded in the open The average is $ 1.27It was down 0.26% compared to the previous session, averaging C $ 1.28.

Regarding last week’s profit, The US dollar Decreased 0.6% However, on the contrary, it has maintained a high level over the past year 1.78%. As for the changes of this day as compared to the last days, it accumulates three consecutive sessions fall. The volatility of the last seven days shows apparently lower performance than the volatility reflected in last year’s figures, so we can say that it has passed more stable in recent times.

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 monetary unit in Canada, abbreviated as CAD and denotes 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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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 to 4.1% in 2022 and 2.8% in 2023, after the recession of 4.7 in 2021.

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