Canadian Tax and
Financial Information
US - Cdn Foreign Exchange Rate History

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Filing Your Return  ->  Stocks and Bonds  ->  Foreign Exchange Rate History

Annual Average Exchange Rates for Converting US Currency to Canadian Currency

All transactions must be reported in Canadian currency on a Canadian tax return.  When the transaction is for the purchase of an asset or investment, the exchange rate in effect on the date of the transaction should be used.  However, sometimes the annual average exchange rate can be used, such as for dividends received throughout the year.

The easiest way to get the exchange rate for a particular date is to use the University of BC Pacific Exchange Rate Service using their Database Retrieval, which allows download of rates in various formats, including Excel.

We've compiled the following table of annual average exchange rates that are produced by the Bank of Canada, and can be used to convert income such as dividends, from US$ to Cdn$.  To get the Cdn $ equivalent, multiply the US$ amount by the factor from the table.

Year Average Rate
2018 1.2957
2017 1.2986
2016 1.32480640
2015 1.27871080
2014 1.10446640
2013 1.02991480
2012 0.99958008
2011 0.98906920
2010 1.02993904
2009 1.14197729
2008 1.06601429
2007 1.07478127
2006 1.13409360
2005 1.21163240
2004 1.30152024
2003 1.40146175
2002 1.57035976
2001 1.54841633
2000 1.48520240
1999 1.48584024
1998 1.48310319
1997 1.38438685


Revised: April 17, 2019

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