As of May 1, 2017, the Bank of Canada reduced the list of foreign exchange rates that it publishes to 26 currencies. These 26 currencies reflect the vast majority of FX transactions conducted against the Canadian dollar. They are reviewed and adjusted, if required, every three years. For more information on this change, please see the Bank of Canada website: Foreign Exchange Rates Published by the Bank of Canada.
In January, we updated the list of exchange rates in TaxCycle T1 and T3 to match those now supported by the Bank of Canada. This means that some exchange rates that appeared in prior versions of TaxCycle are no longer there.
Here are the 26 currency exchange rates now supported:
Hong Kong dollar
New Zealand dollar
Peruvian new sol
South African rand
South Korean won
UK pound sterling (monthly and yearly averages)
US dollar (monthly and yearly averages)
For more information on why this change occurred and where to find exchange rates for other currencies, visit this Bank of Canada article: Foreign Exchange Rates Published by the Bank of Canada.