Home > Corporate > Finance and Informatics > NPP Retail Operations Conversion Rate US$ to C$
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$ |
|||
|
|
|
|
|
|
|
|
|
NPP Retail Operations |
|
|
Bank of Canada |
Less Discount |
Rate US$ to C$ |
|
Date: |
Rate US$ to C$ |
of C$.05 |
(Rounded) |
|
|
|
|
|
|
November 15, 2006 |
$1.1422 |
$ (0.05) |
$1.09 |
|
November 7, 2007 |
$0.9281 |
$ (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: