The Bank of Canada has followed through on a plan to change how it publishes reference FX rates to reinforce the distinction between reference rates used for benchmark fixings and those for information purposes only.
From March 1, Canada’s central bank began publishing new data for 26 currencies, and stressed they were “intended for statistical, analytical and informational purposes only”.
The new rates are published once a day, by 16:30 Eastern time and represent a daily average rate for that currency against the Canadian dollar.
Bank of Canada Commences New Reference Rate Publication
