Canada: Closing price of the euro today 15 March from EUR to CAD

In the

last session, the euro traded at a closing price of 1.40 Canadian dollars, which meant a decrease of 0.3% compared to the previous day's value of 1.40 Canadian dollars.

Compared to the last 7 days, the euro was still down 5.02% compared to the previous year, because it decreased by 1.33%. Analyzing this data on past dates, we stopped two sessions in a row with a positive trend.The volatility figures were balanced much higher than the volatility reflected in last year's figures, so the value changes more than the general trend.

annual photo, the euro was paid up to 1.46 Canadian dollars, and the lowest level was 1.38 Canadian dollars. The euro is located closer to the minimum value than the maximum value.

Canadian currency

Canadian dollar is the official currency unit of Canada and is represented by the abbreviation CAD and is subdivided into 100 cents.

The Canadian dollar was used in almost all countries after replacing the British pound sterling, the Spanish dollar and the peso.

On July 1, 1858, the authorities ordered the creation of the first Canadian dollar, which was adopted as a decimal system the following year.However, by 1871, the unification of currencies in all Canadian provinces was approved for the use of dollars, and finally the gold standard in 1933 was abolished.

Today, Canadian coins of 1, 5, 10, 25 cents, 1, and 2 dollars issued by the Royal Mint of Canada are used. On the other hand, 5, 10, 20, 50, 100 and 1000 dollar bills are issued by Canadian banks and are produced in Ottawa.

economic side, the Organization for Economic Cooperation and Development (OECD) recently confirmed that Canada has passed a turning point and is heading towards a moderate growth period following the heavy blow of the SARS-CoV-2 epidemic.

Canada, on the other hand, established itself as a major trading partner for the United States at the end of 2021, with a share of 14.5% of the 15 major US partners.

The International Monetary Fund (IMF) expects Canada to grow 4.1% by 2022 and 2.8% by 2023, indicating a slowdown after 4.7% in 2021.

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