Exchange Rates 2021

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 Medicines

The international prices of an existing medicines for the period can be converted into Canadian currency by multiplying the price in the local currency of each country, by the corresponding exchange rate from the table below. For each country, the exchange rate is the simple average of the monthly average noon spot exchange rates for the 36-month period ending in the last month of the reporting period under review. For the January to June reporting period, the exchange rate is based on June 2021, while for the July to December reporting period, the exchange rate is based on December 2021.

Average exchange rates for existing medicines
Reporting period France
(EUR)
Germany
(EUR)
Italy
(EUR)
Sweden
(SEK)
Switzerland
(CHF)
United Kingdom
(GBP)
United States
(USD)

January to June

1.50797778

1.50797778

1.50797778

0.14454722

1.37189722

1.71047778

1.31625278

July to December

Information pending – to be updated in  January 2022

New Medicines

The international prices of a new medicines introduced during the period can be converted into Canadian currency by multiplying the price in the local currency of each country, by the corresponding exchange rate from the table below. For each country, the exchange rate is the simple average of the monthly average noon spot exchange rates for the 36-month period ending four months before the date of the first sale of the drug product as per Guidelines. For the January 2021, the exchange rate is based on August 2020, while for the July 2021, the exchange rate is based on February 2021.

Average exchange rates for new medicines
Reporting period France
(EUR)
Germany
(EUR)
Italy
(EUR)
Sweden
(SEK)
Switzerland
(CHF)
United Kingdom
(GBP)
United States
(USD)

November 2021

1.50797778

1.50797778

1.50797778

0.14454722

1.37189722

1.71047778

1.31625278

October 2021

1.50967222

1.50967222

1.50967222

0.14464722

1.37135278

1.71133333

1.31878056

September 2021

1.51101389

1.51101389

1.51101389

0.14469444

1.36991111

1.71204722

1.32085556

August 2021

1.51286111

1.51286111

1.51286111

0.14478889

1.36875556

1.71378056

1.32151389

July 2021

1.51560556

1.51560556

1.51560556

0.14506111

1.36909722

1.71556667

1.32250833

June 2021

1.51609722

1.51609722

1.51609722

0.14517500

1.36719722

1.71547222

1.32219444

May 2021

1.51521111

1.51521111

1.51521111

0.14520556

1.36328889

1.71499444

1.32136944

April 2021

1.51389167

1.51389167

1.51389167

0.14517500

1.35916944

1.71474167

1.32126667

March 2021

1.51258333

1.51258333

1.51258333

0.14520556

1.35509167

1.71371667

1.32043611

February 2021

1.51053611

1.51053611

1.51053611

0.14533056

1.35050278

1.71229444

1.31874167

January 2021

1.50786667

1.50786667

1.50786667

0.14543611

1.34577778

1.71023056

1.31611667

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