Exchange Rates 2020

The methodology for calculating exchange rates for purposes of the PMPRB's International Price Comparisons is described in Schedules 6 and 7 of the Compendium of Policies, Guidelines and Procedures, which came into effect on January 1, 2010 (previously under Schedule 3 of the Compendium of Guidelines, Policies and Procedures).

Existing Drug Products

The simple average of the monthly average noon spot exchange rates for each country for the 36-month period ending December 2020 will be used in the review of prices for existing medicines in the second half of 2020.

The international prices of an existing drug product for the period January to December 2020 can be converted to Canadian currency for comparison purposes by multiplying the local currency price in each country by the corresponding simple average exchange rate.

36 Month Average Exchange Rates Ending December 2020
Period
Ending
France
(EUR)
Germany
(EUR)
Italy
(EUR)
Sweden
(SEK)
Switzerland
(CHF)
United Kingdom
(GBP)
United States
(USD)
December 2020 1.51521111 1.51521111 1.51521111 0.14520556 1.36328889 1.71499444 1.32136944

New Drug Products

The simple average of the monthly average noon spot exchange rates for each country for the 36-month period ending four months before the date of the first sale of the drug product. The average exchange rates in the following table reflect the PMPRB methodology.

e.g.: A new drug product first sold in December 2020, the exchange rates used are December 2020 since the following table includes four months before the date of the first sale of the drug product as per Guidelines.

Average Exchange Rates for New Drug Products Introduced Between January and December 2020
Month of Introduction France
(EUR)
Germany
(EUR)
Italy
(EUR)
Sweden
(SEK)
Switzerland
(CHF)
United Kingdom
(GBP)
United States
(USD)
December 2020 1.50576667 1.50576667 1.50576667 0.14555278 1.34168611 1.70731389 1.31440278
November 2020 1.50334722 1.50334722 1.50334722 0.14563056 1.33820278 1.70551667 1.31215278
October 2020 1.50246667 1.50246667 1.50246667 0.14584167 1.33680833 1.70568611 1.31145278
September 2020 1.50189167 1.50189167 1.50189167 0.14615278 1.33507500 1.70677500 1.31044444
August 2020 1.49947500 1.49947500 1.49947500 0.14642500 1.33215000 1.70550000 1.30872778
July 2020 1.49640556 1.49640556 1.49640556 0.14665556 1.32885000 1.70352500 1.30715833
June 2020 1.49492778 1.49492778 1.49492778 0.14693889 1.32742222 1.70121944 1.30666944
May 2020 1.49355278 1.49355278 1.49355278 0.14721389 1.32630000 1.69894722 1.30695833
April 2020 1.49194167 1.49194167 1.49194167 0.14735556 1.32539722 1.69722778 1.30739444
March 2020 1.49155000 1.49155000 1.49155000 0.14762500 1.32581389 1.69625000 1.30794722
February 2020 1.49158056 1.49158056 1.49158056 0.14804722 1.32619444 1.69528333 1.30811667
January 2020 1.49193056 1.49193056 1.49193056 0.14852500 1.32647778 1.69763611 1.30775000
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