jeudi 17 décembre 2015

Exchange Rates

As the year draws to an end and I go over the books, I see a major discrepancy in conversions.

Exchange rates posted on the Bank of Canada website at the close of markets today show the following:

US to CAN = 0.7168US to $1CAN
CAN to US = 1.3950CAN to $1US

I like to think that I understand these things to a certain extent, yet I can't seem to figure out where the extra $0.075 comes from. If I use the Daily Currency Converter - Bank of Canada the exchange numbers seem to be opposite of the numbers I posted above.

Is my understanding wrong or is there something else at play here?


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