Canada: opening rate of the euro today March 23 EUR to CAD

The euro is paid at the opening at 1.38 Canadian dollars on average, so it was down 0.66% compared to 1.39 Canadian dollars on average the previous day.

If we consider the data for the last seven days, the euro accumulates a decrease of 1.67%, so that for a year it has still fallen by 6.78%. If we compare the value with previous days, the direction of the previous result changes, where it ended up with a rise of 0.38%, without being able to set a clear trend recently. The volatility figure is 6.15%, which is subtly higher than the annual volatility figure (6.14%), so that the value undergoes greater changes than the general trend.

In the annual photo, the euro has even changed by a high of 1.46 Canadian dollars on average, while its lowest level has been 1.38 Canadian dollars on average.

Canadian Dollar

The Canadian dollar is the official currency unit in Canada, to refer to it the acronym CAD and is subdivided into 100 cents.

It should be noted that the Canadian dollar has been used almost throughout the history of the country, after it replaced the British pound sterling, the Spanish dollar and the peso.

It was on July 1, 1858 when the authorities ordered the creation of the first Canadian dollars, which were adopted to a decimal system in the following years. However, it was until 1871 that the monetary unification of all Canadian provinces was approved to use the dollar, finally abolishing the gold standard in 1933.

Currently, Canadian coins of 1, 5, 10 and 25 cents, 1 and 2 dollars are used, which are issued by the Royal Canadian Mint; on the other hand, 5, 10, 20, 50, 100 and 1000 dollar notes are issued by the Bank of Canada and are produced in Ottawa.

In the economic sector, the Organization for Economic Cooperation and Development (OECD) recently confirmed that Canada has passed its tipping point and is heading for a period of moderate growth, following the hard blow that the coronavirus pandemic represented.

On the other hand, Canada has also managed to position itself as the main trading partner of the United States at the end of 2021, with a 14.5% share of the nation's 15 main partners.

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

We recommend: