Retail Operations Conversion rate US$ to C$
NPP Retail Operations in Canada shall use the NPP
Retail Operations Conversion Rate to translate US$ to
C$;
Calculated exchange rate as follows:
Bank of Canada rate less a discount of $.05 with the
result rounded up to the nearest $.01 examples below:
Retail Operations Conversion rate US$ to C$
Date:
Bank of
Less
Canada
Discount
Rate US$
of C$.05
to C$
November
$1.1422
15, 2006
November 7,
$0.9281
2007
NPP Retail
Operations
Rate US$ to
C$
(Rounded)
$ (0.05)
$1.09
$ (0.05)
$0.88
The NPP Retail Operations Conversion Rate takes into consideration that the
commercial banks normally discount the Bank of Canada US$ to C$ conversion rate, by
$.03 to $.02.
On average application of the NPP Retail Operations Conversion Rate will result in a
small gain on exchange.
The “latest closing” Bank of Canada Rate can be found at:
http://www.bank-banque-canada.ca/en/rates/can_us_close.html