The value of the euro in Canada closed on August 25 from the euro to the Canadian dollar

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

he euro Closing was negotiated for $1.47 Canadian dollars on averageIt indicates a change of 0.02% compared to the previous day’s figure, when it ended at CAD1.47 on average.

Taking into account the last seven days, and euro represents a decrease in 0.35%; Although it still maintained a year high 3.46%.

And for the previous dates it has finished three consecutive days with a trend. The volatility figure was significantly lower than last year’s cumulative figure, presenting itself as a value with less variability than had been expected in recent times.

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  Is the Massa and Georgieva summit over: has Argentina agreed to goals with the IMF?

On 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 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.

Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top