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

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

The decision was announced on Feb. 14: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/021423-platts-to-launch-us-dollars-to-canadian-dollars-foreign-exchange-rate-assessment-at-london-close

The new exchange rate is being 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 are no changes 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 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 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.