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New Member
posted Oct 31, 2019 1:39:40 AM

Should I be using the United states to Canadian exchange rate or the other way around?

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1 Best answer
Level 15
Oct 31, 2019 1:39:41 AM

If you are reporting income you received from the United States, you should be using the 2018 US Average of 1.2957 to convert the amount to Canadian dollars.

The Bank of Canada also has a currency converter which you can find here: https://www.bankofcanada.ca/rates/exchange/currency-converter/

1 Replies
Level 15
Oct 31, 2019 1:39:41 AM

If you are reporting income you received from the United States, you should be using the 2018 US Average of 1.2957 to convert the amount to Canadian dollars.

The Bank of Canada also has a currency converter which you can find here: https://www.bankofcanada.ca/rates/exchange/currency-converter/