US Exchange Rate

The Treasury Department advises that effective Wednesday January 10th, 2024 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

    35% premium on US dollar EXPENDITURES ($1 US = $1.3500 CDN)

    ON US$ RECEIPTS

    33% premium on US dollar RECEIPTS ($1 US = $1.3300 CDN)

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 jdpierce@sfu.ca 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 
Associate Director, Treasury

Simon Fraser University
8999 Nelson Way, Discovery 1 - Room 3010
Burnaby, BC, V5A 4B5
Phone: 778-782-4008
Fax: 778-782-4009 
email: jdpierce@sfu.ca