Closing value of the euro in Canada on March 21 from the euro to the Canadian dollar

The euro is the second most important currency in Canada. (Infobae)

in the last session euro Closing was negotiated for $1.48 Canadian dollars on averageWhich represents a change of 0.72% compared to the average of C$1.47 the previous day.

last week , euro excess accumulates 1.36% And for a year it still keeps increasing on 8.96%.

For the previous days, it connected two consecutive dates with positive numbers. The volatility of the last seven days is lower than the figures achieved for the last year (7%), so we can say that it is going through a period of greater stability in recent dates.

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

It should be noted that the Canadian dollar has been in use for almost the entire history of the country, having replaced the pound sterling, Spanish dollars and pesos.

It was on July 1, 1858 when the authorities ordered the issuance of the first Canadian dollar, which was adopted for a decimal system in the following years. However, that was not until 1871 Cash consolidation approved of all Canadian provinces to use the dollar, and finally abolished the gold standard in 1933.

Today the 1, 5, 10 and 25 Canadian coins are in use cents, 1 and 2 dollars, issued by the Royal Canadian Mint; On the other hand, the $5, $10, $20, $50, $100, and $1,000 bills are issued by the Bank of Canada and produced in Ottawa.

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

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On the other hand, it is also necessary that Canada has managed to position itself as the main trading partner of the United States at the end of 2021, with a participation of 14.5% compared to the fifteen main partners of the country.

he International Monetary Fund (The International Monetary Fund) expects Canada to grow by 4.1% in 2022 and by 2023 it will grow by 2.8%, which means a slowdown after reaching 4.7 in 2021.

Sacha Woodward

"Wannabe writer. Lifelong problem solver. Gamer. Incurable web guru. Professional music lover."

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