How is the US Conversion rate calculated?

calculated conversion rate
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How is the US Conversion rate calculated?

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BOX 13 of your T5 receipt shows interest earned from Canadian sources. This includes interest earned on your US accounts, which is converted to Canadian dollars at an average annual conversion rate set by the Bank of Canada. This rate can be confirmed at the Bank of Canada website: www.bankofcanada.ca/en/exchange_avg_pdf.

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