Traduction de «taux de change fluctuant » (Français → Anglais) :

7. Where more than one rate of exchange for a currency is quoted as described in paragraph 6(a), (b) or (c), excluding any rate of exchange for that currency commonly known as a tourist rate, the rate of exchange for that currency shall be established on the basis of the average of the exchange rates so quoted, excluding any tourist rate, weighted by the percentage value in terms of Canadian currency of all the goods in the same category as the goods in question that, according to the records of Statistics Canada, were imported from the country of export during the latest six month period for which such records are available prior to the ...[+++] establishment of that rate of exchange.

“exchange rate” at any time in respect of a particular currency other than the taxpayer’s elected functional currency means the relevant spot rate, for the day that includes that time, in respect of the conversion of an amount from the particular currency to the taxpayer’s elected functional currency, or a rate of exchange acceptable to the Minister;

My suggestion is that while a fluctuating or floating exchange rate does absorb shocks at times and has helped us out at times, at other times a high Canadian dollar or a sharply appreciating Canadian dollar — or a depreciating Canadian dollar, for that matter — has destabilized the Canadian economy, either because the Bank of Canada has responded with sharp movements in interest rates or because the currency movement itself has been so great that it caused real problems for Canadian industry.

Since 1971, when the U.S. delinked its dollar from gold, Canada’s monetary system has been anchored exclusively by flexible exchange rates.

Without an amendment to Directive 93/7/EEC, and hence to the fixed exchange rate corresponding to the rate in force on 1 January 1993, the Member States having the euro as their currency would continue to apply different amounts converted on the basis of the exchange rates of 1993, and not the conversion rates irrevocably fixed on 1 January 1999, and this situation would persist as long as the conversion rule remained an integral part of the Directive.

exchange rate stability: avoid excessive currency fluctuations for at least 2 years by participating in the Exchange Rate Mechanism, which regulates rates between euro and non-euro members.