Effective 1 March 2017, the Bank of Canada will begin publishing new foreign exchange (FX) rate data for 26 currencies. A single rate reflecting the daily average exchange rate per currency pair will be published for these currencies each day by 16:30 ET.
From 1 March 2017 to 28 April 2017, these new rates will be published alongside all existing FX rate data to allow users time to make any adjustments, if necessary. As of 1 May 2017, the Bank will publish exchange rate data, as described above, for only these 26 currencies. It will cease publishing all other existing exchange rates, including daily noon/closing and high/low rates, as well as all forward exchange rates and forward points. For more information, see the associated press release, calculation methodology and the background information.
Terms and Conditions
All Bank of Canada exchange rates are indicative rates only, obtained from averages of aggregated price quotes from financial institutions. Please read our full terms and Conditions for details.
Exchange rate: A backgrounder explaining the role of the exchange rate in Canada's economy.
The noon exchange rate for the Canadian dollar against the U.S. dollar is calculated to reflect the trades that take place between 11:59 a.m. and 12:01 p.m. All other Canadian dollar noon exchange rates are derived from the CAD/USD exchange rate and from indicative wholesale market quotes for a broad array of other currencies.
The noon rates are updated by about 12:45 p.m. ET at month-end and 12:30 p.m. ET on other business days. The closing rates are updated at about 16:30 p.m. ET on the same business day.