Bank of Canada Exchange Rates: What You Need to Know

Understanding Indicative Exchange Rates

The Bank of Canada's exchange rates are "indicative rates only," meaning they are not the exact rates you will receive when exchanging currency. These indicative rates are derived from averages of aggregated data and are not live rates.

Converting Currency with Confidence

To ensure you're getting the best possible exchange rate, always consult with a trusted currency exchange service before making a transaction. They can provide you with real-time rates and assist you in finding the most favorable exchange options. Additionally, using a currency converter can provide you with an estimate of the exchange rate you can expect.