Canada: Euro closing rate today, September 14, from Euro to Canadian Dollar

On the last day euro Negotiated at closing 1.44 CAD on averageWhich represents a change of 1.22% compared to the previous day’s value which was 1.45 CAD on average.

And last week, euro represents a decrease in 1.54%so that it is still accumulating year-on-year decline 0.61%.

Regarding the changes of this day compared to previous days, he linked four consecutive negative dates. Volatility over the past week was 6.95%, which is somewhat higher than the annual volatility figure (6.37%), and presents itself as an asset with larger than expected changes.

he Canadian dollar It is the official monetary unit of Canada, represented by the abbreviation CAD and divided into 100 cents.

It should be noted that the Canadian dollar has been used for almost the entire history of the country, having replaced the British pound, the Spanish dollar and the peso.

It was July 1, 1858 when the authorities ordered the issuance of the first Canadian dollar, which was adopted on the decimal system in the following years. However, this did not happen until 1871 Monetary unification was approved All Canadian provinces to use the dollar, finally abolishing the gold standard in 1933.

Canadian coins numbered 1, 5, 10 and 25 are currently used cents, 1 and 2 dollars, issued by the Royal Canadian Mint; On the other hand, banknotes in denominations of 5, 10, 20, 50, 100 and 1000 dollars are issued by the Bank of Canada and produced in Ottawa.

Regarding the economy, the Organization for Economic Co-operation and Development (OECD) recently confirmed this Canada has passed the tipping point It is heading towards a period of moderate growth, after the severe blow dealt by the SARS-CoV-2 pandemic.

On the other hand, Canada was also able to position itself as a major trading partner of the United States at the end of 2021, with a 14.5% share of the country’s 15 major partners.

he International Monetary Fund The International Monetary Fund expects Canada to grow by 4.1% in 2022, and by 2023 by 2.8%, which means a slowdown after the 4.7 reached in 2021.