October 1, 2022

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The starting value of the Euro in Canada on March 11 is from EUR to CAD

After the start of the session The Euro Traded in the open 1.40 Canadian dollarsThis is down 0.63% from the previous session $ 1.40.

For the past seven days, The Euro Has recorded an increase 0.98%; But for a year it still maintains a decline 5.25%. Compared to the last days, it adds two consecutive dates in the negative stats. Referring to last week’s fluctuation, it is 12.03%, which is higher than the number of annual fluctuations (6.03%), thus the value experiences more variations than the general trend.

In the annual photo, The Euro It was paid a maximum of C $ 1.46, while its lowest was C $ 1.38. The Euro Is located closer to its minimum value than its maximum value.

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.

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 SARS-CoV-2 goes into a period of moderate development, after the severe blows indicated by the infection.

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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