Closing rate of the euro in Canada this May 25 from EUR to CAD

The euro is the second most important currency in Canada. (Infobase)

During the last session, the euro was listed at the close of 1.46 Canadian dollars on averageso that it represented a change of 0.08% from the previous day’s value, when it marked 1.46 Canadian dollars on average.

With reference to the profitability of the last seven days, the euro record an increase of 0.27%so that a year ago it still maintains an increase in the 10.87%.

Compared to previous dates, it added two successive days of positive numbers. Regarding the volatility of the last few days, it presented a balance significantly lower than the volatility indicated in the data of last year, which indicates that it can be said that it is going through a period of greater stability these last time.

He Canadian dollar It is the official monetary unit in Canada, to refer to it the initials CAD are used and it 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; however, $5, $10, $20, $50, $100 and $1,000 notes are issued by the Bank of Canada and are produced in Ottawa.

In the economic field, the Organization for Economic Co-operation and Development (OECD) recently confirmed that Canada has passed its tipping point and it is heading for a period of moderate growth, after the severe blow represented by the SARS-CoV-2 pandemic.

On the other hand, it is also necessary that Canada has succeeded in positioning itself as the main trading partner of the United States at the end of 2021, with a participation of 14.5% compared to the 15 main partners of the nation.

He 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.

Theodore Davis

"Entrepreneur. Amateur gamer. Zombie advocate. Infuriatingly humble communicator. Proud reader."

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