our exchange rate calculations
We update the exchange rate used in our calculations daily. To reflect a more "real life" number, we devalue the Canadian dollar by 2.5%. This reflects the average foreign exchange fees paid to your bank or credit card company. We think this is the most honest way of presenting the exchange rate.
You can consult this table of foreign exchange fees for most credit cards in Canada.
As of midnight Wednesday, May 22, 2013, one US dollar equals 1.0268 dollars Canadian. Thus, for our calculations we are using 1.0518, which is (1.0268 + 0.025).