Appendix: Adjustments to printed trade charges

January 2020

In January 2020, we stopped publishing trade charges for the next currencies:

  • Malaysian ringgit
  • Thai baht
  • Vietnamese dong

May 2017

In Might 2017, we made adjustments to our overseas trade price publications.

We modified our calculation methodology to replicate the common observable price all through the Canadian enterprise day, as a substitute of at a single cut-off date. As such, we stopped publishing up to date information for trade charges, together with every day midday charges, closing charges, and excessive and low FX charges.

We additionally restricted printed charges to those who

  • signify nearly all of FX exercise towards the Canadian greenback
  • are readily tradable
  • are incessantly accessed

The adjustments are in keeping with these of different main central banks. They reinforce that the Financial institution of Canada offers trade charges as a public good, for statistical, analytical and informational functions solely, and never as benchmarks for transactional functions.

They had been undertaken within the context of broader worldwide official sector work on the design of FX reference charges, together with suggestions from the Monetary Stability Board on FX benchmarks and the Rules for Monetary Benchmarks printed by the Worldwide Group of Securities Commissions.