Currency Act

Table of Contents Annotated Act
History: Add. 26CR12 (eff. Mar 13, 2026)

Section 8.107 — Franc; exchange rate; components; calculations; publication of exchange rate by Lord High Treasurer.

(1) For 1.00 United States dollar, the exchange rate in francs is the sum total of the following components, as calculated on a given date using the prevailing market quotation for each component, rounded to the nearest hundredth:

(a) The value of 1.00 United States dollar, multiplied by 5.0.

(b) The value of 1.00 Canadian dollar expressed in United States dollars, multiplied by 2.5.

(c) The value of 1.00 euro expressed in United States dollars, multiplied by 1.5.

(d) The value of 1.0 troy ounce of gold expressed in United States dollars, divided by 31.1035 and multiplied by 0.75.

(e) The value of 1.0 ounce of platinum expressed in United States dollars, divided by 28.6495 and multiplied by 0.25.

(2) Beginning not later than January 1, 2027, the Lord High Treasurer shall publish the exchange rate in a conspicuous physical or electronic location not later than 12:00 UTC each business day.