Platts proposes to launch US dollars to Canadian dollars foreign exchange rate assessment at London close

Platts, part of S&P Global Commodity Insights, is proposing to launch a new foreign exchange rate for US dollars to Canadian dollars assessed at the London close, effective March 1, 2023.

The exchange rate would be used to convert the East Coast Canada crude assessments into Canadian dollars per cubic meter. The crude grades are assessed in dollars/barrel to reflect value at the London close, and there will be no change to those assessments.

Platts will continue assessing US dollars to Canada dollars at the US close, which will be used in conversions for Western Canadian grades that are assessed at that time.

The proposed assessment would affect the following converted numbers:

Hebron (C$/CM) AHEBB00

Hibernia (C$/CM) AALSN00

Terra Nova (C$/CM) AALSP00

White Rose (C$/CM) AAVPI00

Please send any feedback or questions by Feb. 10, 2023, to americas_crude@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.