June 23, 2024


Complete Canadian News World

The starting value of the dollar in Canada this March 23 is from USD to CAD

The starting value of the dollar in Canada this March 23 is from USD to CAD

At the beginning of the day US dollar Paid on opening The average is $ 1.26This is down 0.06% from the previous day’s average of 1.26 Canadian dollars.

Considering the last seven days, the US dollar Indicates a fall 0.51%; However, it has increased over the years 2.31%. If this data is analyzed with past dates, it accumulates over three consecutive sessions. Last week’s fluctuation was 2.16%, which is lower than the annual fluctuation rate (6.16%), so it can be said that it has been passing high stability recently.

In the annual photo, The US dollar The average maximum paid was $ 1.29, while its minimum amount averaged $ 1.25. The US dollar Is placed closer to its minimum value than its maximum value.

Canadian currency

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.

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 to 4.1% in 2022 and 2.8% in 2023, after the recession of 4.7 in 2021.

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