The exchange rates on this list are based on the quotes of the banks licensed to perform foreign exchange transactions . 2. The use of listed exchange rates and gold prices is not compulsory for foreign exchange transactions and accounting records. Effective January 1, 2020, we are no longer publishing exchange rates for the following currencies: Malaysian ringgit, Thai baht, and Vietnamese dong. These currencies no longer satisfy the inclusion criteria that are documented in our Methodology for Foreign Exchange Rates . All Bank of Canada exchange rates are indicative rates only, obtained Foreign Exchange Our foreign exchange specialists can provide a comprehensive range of hedging products and services to offset your exposure to foreign currency volatility. Whether your risks come from trade or capital flows, we can mitigate against anticipated future exposure at very competitive rates.