The rates for the following currencies for the current year and previous year
have been supplied by the Bank of Canada and the Canada Revenue Agency whereby
one unit of the foreign currency multiplied by the exchange rate, equals the
equivalent amount in Canadian dollars.
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Average Exchange Rates
Exchange Rate
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Country/(Monetary Unit)
2007
2006
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Argentina (peso)
0.3424
0.3670
Australia (dollar)
0.8982
0.8543
Bahamas (dollar)
1.0748
1.1341
Brazil (new real)
0.5513
0.5217
Burma (Myanmar) (kyat)
0.1931
0.1961
Chile (peso)
0.002055
0.002138
China (renminbi)
0.1412
0.1422
Colombia (peso)
0.000482
Communauté Financière Africaine (franc)
0.002240
0.002170
Comptoirs Français du Pacifique (franc)
0.01231
0.01193
Croatia (kuna) 0.2002 0.1944
Czech Republic (koruna) 0.5293 0.05026
Denmark (krone) 0.1972 0.1909
East Caribbean (E.C. dollar) 0.4029 0.4242
European Monetary Union (euro) 1.4691 1.4237
Fiji (dollar) 0.6680 0.6571
Ghana (cedi) 1.0689 0.000124
Guatemala (quetzal) 0.1400 0.1491
Honduras (lempira) 0.05688 0.06002
Hong Kong (dollar) 0.137744 0.145989
Hungary (forint) 0.005848 0.005397
Iceland (krona) 0.01677 0.01629
India (rupee) 0.02605 0.02511
Indonesia (rupiah) 0.000118 0.000124
Israel (new shekel) 0.2614 0.2547
Jamaica (dollar) 0.01561 0.01734
Japan (yen) 0.009121 0.009753
Malaysia (ringgit) 0.3125 0.3092
Mexico (peso) 0.9832 0.1041
Morocco (dirham) 0.1310 0.1289
Netherlands Antilles (guilder) 0.6038 0.6372
New Zealand (dollar) 0.7892 0.7368
Norway (krone) 0.1832 0.1769
Pakistan (rupee) 0.01769 0.01881
Panama (balboa) 1.0748 1.1341
Peru (nuevo sol) 0.3432 0.3464
Philippines (peso) 0.02328 0.02211
Poland (zloty) 0.3883 0.3657
Romania (nouveau leu) 0.4153 N/A
Russia (rouble) 0.04198 0.04173
Serbia (dinar) 0.01800 N/A
Singapore (dollar) 0.7126 0.7139
Slovakia (koruna) 0.04350 0.03830
Slovenia (tolar) N/A 0.005942
South Africa (rand) 0.1523 0.1689
South Korea (won) 0.001156 0.001188
Sri Lanka (rupee) 0.009727 0.01091
Sweden (krona) 0.1589 0.1539
Switzerland (franc) 0.8946 0.9050
Taiwan (new dollar) 0.3271 0.03488
Thailand (baht) 0.03323 0.02993
Trinidad and Tobago (dollar) 0.1708 0.1804
Tunisia (dinar) 0.8392 0.8528
Turkey (lira) (Note 1) 0.8221 0.7933
United Arab Emirates (dirham) 0.2700 N/A
United Kingdom (pound) 2.14865378 2.08858760
United States (dollar) 1.07478127 1.13409360
Venezuela (bolivar) 0.000501 0.000528
Vietnam (dong) 0.000067 0.000071
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Note:
1. Based on 1,000,000 Lira.
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[¶361] Average Annual Exchange Rate — U.S. Funds and U.K. Pound Sterling
The following chart shows the figures for which Canadian commercial banks and
the Bank of Canada traded at an average rate where the following figures in
Canadian funds equal $1.00 in U.S. funds or £1 in U.K. funds. These rates are
used by the CRA.
--------------------------------
Year
U.K. Pound
Rates U.S. Funds Sterling
--------------------------------
2007 $1.07478127 $2.14865378
2006 $1.13409360 $2.08858760
2005 $1.21163240 $2.20669880
2004 $1.30152024 $2.38418532
2003 $1.40146175 $2.28829960
2002 $1.57035976 $2.35817530
2001 $1.54841633 $2.22975618
2000 $1.48520240 $2.24987680
1999 $1.48584024 $2.40376733
1998 $1.48310319 $2.45867649
1997 $1.38438685 $2.26819323
1996 $1.3636 $2.1283
1995 $1.3726 $2.1671
1994 $1.3726 $2.0929
1993 $1.2898 $1.9372
1992 $1.2083 $2.1302
1991 $1.1458 $2.0275
1990 $1.1668 $2.0808
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