US Exchange Rate
The Treasury Department advises that effective Monday, October 30, 2017 and until further notice, the posted conversion rates for accounting transactions in the University's general ledger, originating in U.S. dollars, will be revised with the following premiums being applied to US dollar conversions:
ON US$ EXPENDITURES
29% premium on US dollar EXPENDITURES ($1 US = $1.2900 CDN)
ON US$ RECEIPTS
27% premium on US dollar RECEIPTS ($1 US = $1.27DN)
If the Treasury Department is advised in advance, special conversion rates may be locked-in for future requirements involving transactions over US$50,000 (e.g. foreign currency receipts on large research grants or foreign currency payments on large equipment orders). This is particularly important for transactions that have a significant wait time between initiation and final delivery or payment. Please contact John Pierce at email@example.com if you have questions about negotiating such arrangements.
The University will make US dollar payments by way of US dollar cheque or US dollar wire transfer. The University can also make wire payments in over thirty different foreign currencies. The University should avoid making payments by foreign currency draft if possible.
John D. Pierce, Assistant Treasurer
Treasury Department, Financial Services, 3000 Strand Hall,
Phone: (778) 782-4008 || Fax: (778) 782-4009 || email: firstname.lastname@example.org