Closing rate of the euro in Canada this April 21 from EUR to CAD

the euro listed at the close of 1.36 Canadian dollars on averageso that it implied a rise of 0.62% compared to the previous day’s data, when it stood at 1.35 Canadian dollars on average.

Last week the euro mark a decline 0.04% and year-on-year, it still accumulates a decline of 8.39%. Compared to the previous days, it reversed the previous day’s result, when it ended down 0.16%, showing that it is unable to establish a stable trend lately. Referring to last week’s volatility, it was slightly lower than that accumulated last year, which shows that it can be said that it is going through a period of greater stability lately.

Over the past year, 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 it is placed closer to its minimum than its maximum.

the canadian recovery

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 printing 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.

Today Canadian coins of 1, 5, 10 and 25 are 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 managed to position itself as the top trading partner of the United States at the end of 2021, with a 14.5% share against 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.

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