Exchange Rates 2021
The methodology for calculating exchange rates for purposes of the PMPRB's International Price Comparisons is described in Schedules 6 and 7 of the Compendium of Policies, Guidelines and Procedures, which came into effect on January 1, 2010 (previously under Schedule 3 of the Compendium of Guidelines, Policies and Procedures).
Existing Medicines
The international prices of an existing medicines for the period can be converted into Canadian currency by multiplying the price in the local currency of each country, by the corresponding exchange rate from the table below. For each country, the exchange rate is the simple average of the monthly average noon spot exchange rates for the 36-month period ending in the last month of the reporting period under review. For the January to June reporting period, the exchange rate is based on June 2021, while for the July to December reporting period, the exchange rate is based on December 2021.
| Reporting period | France (EUR) |
Germany (EUR) |
Italy (EUR) |
Sweden (SEK) |
Switzerland (CHF) |
United Kingdom (GBP) |
United States (USD) |
|---|---|---|---|---|---|---|---|
January to June |
1.50797778 |
1.50797778 |
1.50797778 |
0.14454722 |
1.37189722 |
1.71047778 |
1.31625278 |
July to December |
1.49945278 |
1.49945278 |
1.49945278 |
0.14418611 |
1.37878056 |
1.71320556 |
1.30723611 |
New Medicines
The international prices of a new medicines introduced during the period can be converted into Canadian currency by multiplying the price in the local currency of each country, by the corresponding exchange rate from the table below. For each country, the exchange rate is the simple average of the monthly average noon spot exchange rates for the 36-month period ending four months before the date of the first sale of the drug product as per Guidelines. For the January 2021, the exchange rate is based on August 2020, while for the July 2021, the exchange rate is based on February 2021.
| Reporting period | France (EUR) |
Germany (EUR) |
Italy (EUR) |
Sweden (SEK) |
Switzerland (CHF) |
United Kingdom (GBP) |
United States (USD) |
|---|---|---|---|---|---|---|---|
December 2021 |
1.50649167 |
1.50649167 |
1.50649167 |
0.14444167 |
1.37316111 |
1.71050833 |
1.31458333 |
November 2021 |
1.50797778 |
1.50797778 |
1.50797778 |
0.14454722 |
1.37189722 |
1.71047778 |
1.31625278 |
October 2021 |
1.50967222 |
1.50967222 |
1.50967222 |
0.14464722 |
1.37135278 |
1.71133333 |
1.31878056 |
September 2021 |
1.51101389 |
1.51101389 |
1.51101389 |
0.14469444 |
1.36991111 |
1.71204722 |
1.32085556 |
August 2021 |
1.51286111 |
1.51286111 |
1.51286111 |
0.14478889 |
1.36875556 |
1.71378056 |
1.32151389 |
July 2021 |
1.51560556 |
1.51560556 |
1.51560556 |
0.14506111 |
1.36909722 |
1.71556667 |
1.32250833 |
June 2021 |
1.51609722 |
1.51609722 |
1.51609722 |
0.14517500 |
1.36719722 |
1.71547222 |
1.32219444 |
May 2021 |
1.51521111 |
1.51521111 |
1.51521111 |
0.14520556 |
1.36328889 |
1.71499444 |
1.32136944 |
April 2021 |
1.51389167 |
1.51389167 |
1.51389167 |
0.14517500 |
1.35916944 |
1.71474167 |
1.32126667 |
March 2021 |
1.51258333 |
1.51258333 |
1.51258333 |
0.14520556 |
1.35509167 |
1.71371667 |
1.32043611 |
February 2021 |
1.51053611 |
1.51053611 |
1.51053611 |
0.14533056 |
1.35050278 |
1.71229444 |
1.31874167 |
January 2021 |
1.50786667 |
1.50786667 |
1.50786667 |
0.14543611 |
1.34577778 |
1.71023056 |
1.31611667 |