Closing rate of the euro in Canada this March 9 from EUR to CAD

The euro paid at closing 1.42 Canadian dollarswhich implied a rise of 0.95% compared to the previous day’s value, when it was quoted at 1.40 Canadian dollars.

Considering last week, the euro accumulated an increase of 2.42%; however, for a year, it still maintains a drop in 3.42%. Regarding previous dates, he added three sessions in a row on the rise. Last week, the volatility was 12.69%, which is significantly higher than the annual volatility figure (5.97%), therefore the value is undergoing larger changes than the general trend.

In the annual photo, the euro it traded at a high of 1.46 Canadian dollars, while its lowest level was 1.38 Canadian dollars. The euro it is placed closer to its minimum value than to its maximum.

the canadian recovery

The Canadian dollar It is the official monetary unit in Canada, to refer to it the acronym CAD is 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 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.

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 blow that the coronavirus pandemic represented.

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 country’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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