Canada: opening rate of the euro today April 26 from EUR to CAD

the euro paid at opening 1.37 Canadian dollars on averagewhich was an increase of 0.26% from the previous day’s value, when it closed at 1.36 Canadian dollars on average.

If we consider the data of the last seven days, the euro mark a rise of 0.27%; however, for a year, there is still a decrease 7.51%. As for the variations of this day compared to past days, it reverses the result of the day before when it had experienced a drop of 0.24%, without being able to set a definite trend lately. The volatility of the last seven days exhibits a higher behavior than the volatility reflected in the figures of the last year, which indicates that it exhibits greater variations than the general trend of the value.

In the annual photo, the euro it traded at a high of 1.46 Canadian dollars on average, while its lowest level was 1.35 Canadian dollars on average. the euro is closer to its minimum value than to its maximum value.

Canadian dollar

the Canadian dollar It is the official monetary unit in Canada, it is represented by the acronym CAD and is subdivided into 100 cents.

It should be noted that the Canadian dollar has been used almost throughout the country’s history, having replaced the British pound, the Spanish dollar and the peso.

It was on July 1, 1858 that the authorities ordered the issue of the first Canadian dollars, which would be adopted in the decimal system in the following years. However, it was not until 1871 that monetary unification has been approved of all Canadian provinces to use the dollar, finally abolishing the gold standard in 1933.

Canadian coins of 1, 5, 10 and 25 are currently used. pennies, 1 and 2 dollars, issued by the Royal Canadian Mint; on the other hand, the notes of 5, 10, 20, 50, 100 and 1000 dollars are issued by the Bank of Canada and produced in Ottawa.

Regarding the economy, the Organization for Economic Co-operation and Development (OECD) recently confirmed that Canada has passed its tipping point and is heading for a period of moderate growth, after the severe blow represented by the COVID-19 pandemic.

On the other hand, Canada has also succeeded in positioning itself as the largest trading partner of the United States at the end of 2021, with a 14.5% share compared to the nation’s top 15 partners.

the International Monetary Fund (IMF) predicts that Canada will grow by 4.1% in 2022 and by 2023, growth of 2.8%, which would mean a slowdown from the 4.7 reached in 2021.

We recommend you :

information