The opening of the euro value in Canada on August 23 from the euro to the Canadian dollar

The euro is the second most important currency in the Canadian territory. (information)

he euro Quoted today in $1.47 Canadian dollars on averageWhich represents a change of 0.05% compared to the average of C$1.47 the previous day.

And in the last seven days euro score a decrease in 0.12%; On the other hand, on a year-on-year basis, it still keeps rising 3.97%.

As for the past days, it reflects the value of the previous day in which it gained a decrease of 0.24%, which indicates that it is unable to determine the trend recently. Referring to last week’s volatility, it is clearly lower than the data achieved for the past year (6.4%), and presents itself as a value with less changes than usual 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 British pound sterling, Spanish dollars and pesos.

It was on 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, that did not happen until 1871 Cash consolidation approved All Canadian provinces to use the dollar, finally abolishing the gold standard in 1933.

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

See also  Closing value of the euro in Canada on August 15 from the euro to the Canadian dollar

In the economic field, 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 COVID-19 pandemic.

On the other hand, it is also necessary for Canada to be able to position itself as a major trading partner of the United States at the end of 2021, with a participation of 14.5% compared to the fifteen major 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 the 4.7 reached in 2021.

Sacha Woodward

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

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