Exchange Rates 2023
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 2023, while for the July to December reporting period, the exchange rate is based on December 2023.
| Average exchange rates for existing medicines | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Reporting period | Australia (AUD) |
Belgium (EUR) |
France (EUR) |
Germany (EUR) |
Italy (EUR) |
Japan (JPY) |
Netherlands (EUR) |
Norway (NOK) |
Spain (EUR) |
Sweden (SEK) |
United Kingdom (GBP) |
| January to June | 0.92571667 | 1.45329167 | 1.45329167 | 1.45329167 | 1.45329167 | 0.01087833 | 1.45329167 | 0.13954722 | 1.45329167 | 0.13830000 | 1.67484167 |
| July to December | 0.91400000 | 1.43771389 | 1.43771389 | 1.43771389 | 1.43771389 | 0.01033417 | 1.43771389 | 0.13648889 | 1.43771389 | 0.13416111 | 1.67039722 |
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 2023, the exchange rate is based on August 2022, while for the July 2023, the exchange rate is based on February 2023.
| Average exchange rates for new medicines | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Reporting period | Australia (AUD) |
Belgium (EUR) |
France (EUR) |
Germany (EUR) |
Italy (EUR) |
Japan (JPY) |
Netherlands (EUR) |
Norway (NOK) |
Spain (EUR) |
Sweden (SEK) |
United Kingdom (GBP) |
| December 2023 | 0.92406389 | 1.45085000 | 1.45085000 | 1.45085000 | 1.45085000 | 0.01078750 | 1.45085000 | 0.13909167 | 1.45085000 | 0.13763611 | 1.67456667 |
| November 2023 | 0.92571667 | 1.45329167 | 1.45329167 | 1.45329167 | 1.45329167 | 0.01087833 | 1.45329167 | 0.13954722 | 1.45329167 | 0.13830000 | 1.67484167 |
| October 2023 | 0.92689722 | 1.45564722 | 1.45564722 | 1.45564722 | 1.45564722 | 0.01096694 | 1.45564722 | 0.14007778 | 1.45564722 | 0.13891667 | 1.67535278 |
| September 2023 | 0.92725000 | 1.45716389 | 1.45716389 | 1.45716389 | 1.45716389 | 0.01105500 | 1.45716389 | 0.14045000 | 1.45716389 | 0.13931944 | 1.67622778 |
| August 2023 | 0.92681389 | 1.45851944 | 1.45851944 | 1.45851944 | 1.45851944 | 0.01113694 | 1.45851944 | 0.14062778 | 1.45851944 | 0.13959444 | 1.67808333 |
| July 2023 | 0.92553056 | 1.46063889 | 1.46063889 | 1.46063889 | 1.46063889 | 0.01121250 | 1.46063889 | 0.14081667 | 1.46063889 | 0.13991111 | 1.67983333 |
| June 2023 | 0.92436111 | 1.46090556 | 1.46090556 | 1.46090556 | 1.46090556 | 0.01126694 | 1.46090556 | 0.14113611 | 1.46090556 | 0.14014444 | 1.68248056 |
| May 2023 | 0.92334444 | 1.46105833 | 1.46105833 | 1.46105833 | 1.46105833 | 0.01131333 | 1.46105833 | 0.14144722 | 1.46105833 | 0.14038056 | 1.68438333 |
| April 2023 | 0.92305000 | 1.46175556 | 1.46175556 | 1.46175556 | 1.46175556 | 0.01136917 | 1.46175556 | 0.14167778 | 1.46175556 | 0.14062222 | 1.68635000 |
| March 2023 | 0.92348333 | 1.46427778 | 1.46427778 | 1.46427778 | 1.46427778 | 0.01144417 | 1.46427778 | 0.14201111 | 1.46427778 | 0.14093889 | 1.68985833 |
| February 2023 | 0.92417222 | 1.46732778 | 1.46732778 | 1.46732778 | 1.46732778 | 0.01152444 | 1.46732778 | 0.14240833 | 1.46732778 | 0.14126667 | 1.69314167 |
| January 2023 | 0.92452222 | 1.47119722 | 1.47119722 | 1.47119722 | 1.47119722 | 0.01160806 | 1.47119722 | 0.14288889 | 1.47119722 | 0.14166111 | 1.69675278 |