Canada: Euro opening rate today, September 15, from euro to Canadian dollar

today is euro Payment is made per cycle from today to 1.44 CAD on averageWhich represented an increase of 0.37% compared to the value of the previous session, as it traded at 1.44 Canadian dollars on average.

Regarding last week’s profitability,… euro A decrease is observed 1.19%so that on an annual basis there is still a decline in 0.05%.

Compared to previous days, it puts an end to four sessions of flat streak. Regarding the volatility in the last few days, it is higher than the figure achieved last year (6.37%), so it represents larger differences from the general trend of the value.

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.

Today Canadian 1, 5, 10 and 25 coins are 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 of the coronavirus 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.