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If your company performs transactions internationally, you have to use exchange rates to convert the foreign currency transactions. The table below shows the monthly average exchange rates for various currencies against the Canadian dollar from 2020-12 to 2021-04. We’ve compiled the following table of year-end and annual average exchange rates that the Bank of Canada produces. Get Exchange Rates Up to 2% Better With KnightsbridgeFX Get An Exchange Quote Now The bank has obtained the figures from averages of aggregated price quotes from various financial institutions.ĭon't Waste Money With Banks. However, all the exchange rates are indicative. The bank does that on the last business day of each month. Monthly Average Exchange Rates in the Bank of CanadaĪs mentioned earlier, the Bank of Canada usually publishes monthly average exchange rates for the Canadian dollar against other currencies on their official website. We’ll also look at how the average exchange rates can help you forecast future exchange rates for different currencies against the Canadian dollar. In this guide, we look at the monthly average exchange rates by the Bank of Canada from Dec 2020 to Apr 2021. That allows them to make informed decisions, minimizing the currency exchange risks and maximizing the returns.
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Thankfully, the monthly average foreign exchange rates in the Bank of Canada can help brokers and businesses forecast future exchange rates. The bank usually expresses the exchange rates as one unit of the foreign currency converted into Canadian dollars. On the last business day of each month, the monthly average exchange rates in the Bank of Canada get published on their official website. Bank of Canada Exchange Rates Monthly Average
#BANK OF CANADA EXCHANGE RATES FULL#
For full details regarding any fees which may apply please refer to the Personal Service Charges/Statement of Disclosure available at any HSBC Bank Canada branch or online at. A monthly fee will be charged if you do not meet at least one of the conditions above. Ĥ HSBC Advance requires you to have an active HSBC Advance chequing account, and maintain combined personal deposits and investments with HSBC Bank Canada and its subsidiaries of $5,000 or hold personal HSBC Bank Canada residential mortgage with original amount of $150,000 or greater. For full details regarding eligibility and any fees which may apply please refer to the Personal Service Charges/Statement of Disclosure available at any HSBC Bank Canada branch or online at. A monthly fee will be charged if you do not meet at least one of the eligibility criteria above. A full list of available countries/regions and a demo can be viewed online.ģ HSBC Premier requires you to have an active HSBC Premier chequing account, and maintain combined personal deposits and investments with HSBC Bank Canada and its subsidiaries of $100,000 or hold a personal HSBC Bank Canada residential mortgage with original amount of $500,000 or greater. HSBC Group may, however, be able to provide similar services through its members in that jurisdiction. Certain services offered by members of HSBC in Canada may be restricted or unavailable if you move to another jurisdiction or are in another jurisdiction due to the local laws of that jurisdiction. You may also be charged fees by agencies or banks that process or receive your transfer, which we are unable to waive.Ģ Global View and Global Transfers are not available in all countries and regions where HSBC Premier and HSBC Advance are offered. The CAD equivalent is determined based on the exchange rates at the time the transfer is processed. USD ATM cash available in multiples of $20 and $50.ġ We’ll waive our fee when the wire transfer is (1) in a currency that’s different from the currency of the sending account (2) valued under $10,000 (CAD equivalent) and (3) sent from an HSBC Bank Canada personal account. Minimum $100 CAD equivalent order applies to in-Branch conversions. Most orders not fulfilled on demand will typically be available via delivery to the branch in 1-3 business days but may require up to 5 days. If debited from a non-CAD account, an initial transaction to convert from the account currency to CAD may be performed prior to fulfilment of order. Non-CAD currency FX orders debited from eligible CAD accounts.
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† Available in the branch or via order to your local branch for pickup.