Euro to Canadian dollar opening value in Canada on April 11

he euro Quoted at the beginning of operations in 1.47 CAD on averagewhich means a change of 0.09% compared to the previous day's figure, when it was priced at 1.47 Canadian dollars.

Taking into account last week, euro Record a decrease in 0.29% On an annual basis it still maintains a decline in 1.23%.

For past dates, it sums three consecutive sessions with negative values. Regarding the volatility of the latest dates, it is clearly lower than the data achieved for the past year (5.95%), so that in this last stage it tends towards less changes than the general trend indicates.

he Canadian dollar It is the official monetary unit of Canada, and the abbreviation CAD is used to refer to it, which is 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 creation 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.

In economic matters, 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 Covid-19 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.