The value of the euro in Canada closes on May 13 from the euro to the Canadian dollar

The euro Traded at close $1.34 CAD on averagewhich means a decrease of 0.57% from the previous session’s data, when it ended at C$1.35 on average.

Regarding the past seven days, the euro accumulates a decrease in 1.21%for this reason, on an annual basis, there is still a decrease in 8.9%. Regarding previous dates, he added four consecutive sessions in decline. Referring to last week’s volatility, it was 10.3%, which is much higher than the annual volatility figure (6.37%), so it presents larger changes than the overall trend in value.

In the annual photo, euro It was paid a maximum of C$1.46 on average, while the lowest was C$1.34 on average.

Canadian dollar

The Canadian dollar It is the official monetary unit of Canada, to refer to it, the abbreviation CAD is used and 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 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, it wasn’t until 1871 Cash Consolidation Approved of all Canadian provinces to use the dollar, and the gold standard was finally abolished in 1933.

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

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In the economic branch, the Organization for Economic Co-operation and Development (OECD) confirmed this recently Canada has crossed the tipping point And it is heading towards a period of moderate growth, after the severe blow dealt by the coronavirus pandemic.

On the other hand, Canada also managed to position itself as the major trading partner of the United States at the end of 2021, with a 14.5% share in relation to the nation’s 15 major partners.

The 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.

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Sacha Woodward

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