|
|
|
Bank Rates
|
 |
The Bank Rate is published by the Bank
of Canada and is the basis on which the financial institutions determine
their respective prime rate. The Bank Rate is also used as the basis to
calculate the Payment On Due Date (PODD) Interest
Rate.
The current bank rate as set on May 17, 2000 is 6.0 %.
Exchange Rates:
The Receiver General uses five standard rates of exchange for accounting
purposes to record payments as well as revenues. These rates are for:
U.S. Dollar, Pound Sterling, German Mark, French Franc and Belgian Franc.
The Receiver General uses
five standard rates of exchange for accounting purposes to record payments
as well as revenues. These rates are for: U.S. Dollar, Pound Sterling,
German Mark, French Franc and Belgian Franc.
The following are the standard rates of exchange for month of January
2001 (these rates are set monthly and are subject to change):
| Standard Rates of
Exchange for the month of January 2001 |
| US Dollar |
Pound Sterling |
German Mark |
French Franc |
Belgian Franc |
| 1.52 |
2.24 |
.7080 |
.2111 |
.03432 |
| Except for individual payments in excess of: |
| 250,000 |
150,000 |
450,000 |
1,500,000 |
9,000,000 |
on which the responsible site
of Public Works and Government Services Canada in your area will apply
daily rates.
Historical Exchange Rates for Year 2000
|
