ARCHIVED - Average Exchange Rates for 2008
RC4152 Rev. 09
This table provides the 2008 average exchange rates for the following currencies. It will help you to convert the amounts in the Old Age Security Return of Income to Canadian dollars.
| Country |
Exchange rate |
Country (monetary unit) |
Exchange rate |
|---|---|---|---|
| Argentina (peso) |
0.3319 |
Morocco (dirham) |
0.1375 |
| Australia (dollar) |
0.9002 |
Netherlands Antilles (guilder) |
0.5990 |
| Bahamas (dollar) |
1.0660 |
New Zealand (dollar) |
0.7547 |
| Brazil (new real) |
0.5868 |
Norway (krone) |
0.1900 |
| Burma [Myanmar] (kyat) |
0.1976 |
Pakistan (rupee) |
0.01515 |
| Chile (peso) |
0.002057 |
Panama (balboa) |
1.0660 |
| China (renminbi) |
0.1536 |
Peru (new sol) |
0.3642 |
| Colombia (peso) |
0.000544 |
Philippines (peso) |
0.02400 |
| Croatia (kuna) |
0.2160 |
Poland (zloty) |
0.4456 |
| Czech Republic (koruna) |
0.06259 |
Romania (nouveau leu) |
0.4241 |
| Denmark (krone) |
0.2093 |
Russia (rouble) |
0.04285 |
| East Caribbean (dollar) |
0.4040 |
Serbia (dinar) |
0.01918 |
| European Monetary Union (euro) |
1.5603 |
Singapore (dollar) |
0.7525 |
| Fiji (dollar) |
0.6701 |
Slovakia (koruna) |
0.04999 |
| Communauté Financière Africaine (franc) C.F.A. |
0.002379 |
South Africa (rand) |
0.1299 |
| Communauté Française du Pacifique (franc) C.F.P. |
0.01308 |
South Korea (won) |
0.000979 |
| Ghana (cedi) |
0.9865 |
Sri Lanka (rupee) |
0.009836 |
| Guatemala (quetzal) |
0.1410 |
Sweden (krona) |
0.1623 |
| Honduras (lempira) |
0.05641 |
Switzerland (franc) |
0.9840 |
| Hong Kong (dollar) |
0.136931 |
Taiwan (new Taiwan dollar) |
0.03377 |
| Hungary (forint) |
0.006215 |
Thailand (baht) |
0.03229 |
| Iceland (krona) |
0.01264 |
Trinidad and Tobago (dollar) |
0.1718 |
| India (rupee) |
0.02458 |
Tunisia (dinar) |
0.8650 |
| Indonesia (rupiah) |
0.000111 |
Turkey (lira) |
0.8207 |
| Israel (shekel) |
0.2974 |
United Arab Emirates (dirham) |
0.2902 |
| Jamaica (dollar) |
0.01466 |
United Kingdom (pound) |
1.96166905 |
| Japan (yen) |
0.01037 |
United States (dollar) |
1.06601429 |
| Malaysia (ringgit) |
0.3195 |
Venezuela (bolivar) |
0.4964 |
| Mexico (peso) |
0.09587 |
Vietnam (dong) |
0.000065 |
Example
Mr. White is a resident of Sweden. He received 40,000 kronas in interest from a savings account at a bank in Sweden. Using the chart above, Mr. White has to do the following calculation to report his foreign income in Canadian dollars.
40,000 kronas × 0.1623 exchange rate for Sweden = 6,492.00 Canadian dollars
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