Closing rate of the euro in Canada this May 19 from EUR to CAD

The euro listed at the close of 1.36 Canadian dollars on averageso that it implied an increase of 0.53% compared to the previous day’s data, or 1.35 Canadian dollars on average.

Compared to last week, the euro accumulates an increase of 1.74%; On the contrary, last year there is still a decrease in 7.66%. If we compare the value with the previous days, it changed the direction of the previous data, where it marked a decrease of 0.71%, without being able to establish a stable trend in the last dates. The volatility of the last seven days is significantly higher than the figures reached last year (6.5%), it is therefore going through a phase of instability.

In the annual photo, the euro it was paid at a maximum of 1.46 Canadian dollars on average, while its lowest level was 1.33 Canadian dollars on average.

Canadian dollar

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 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.

In economic matters, 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 SARS-CoV-2 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 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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