To save others the lookup time, for USD, according to CRA's recommend source, Monthly Average Exchange Rates: 10-Year Lookup - Bank of Canada,CRA's new T1135 wrote:Foreign currency conversion
The amounts to be reported on Form T1135 should be determined in the foreign currency then translated into Canadian dollars. Generally, when converting amounts from a foreign currency into Canadian dollars, use the exchange rate in effect at the time of the transaction (i.e. the time the income was received or the property was purchased). If you received income throughout the year, an average rate for the year is acceptable.
The following summarizes how other amounts of the form should be translated:
• Maximum funds held during the year – the average exchange rate for
the year.
• Funds held at year end – the exchange rate at the end of the year.
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U.S. dollar (noon)
Low [High] 2014-07 1.07391818 CAD [0.93116963 USD]
Average 2014-01 — 2014-12 1.10474713 CAD [0.90518452 USD]
High [Low] 2014-12 1.15325238 CAD [0.86711289 USD]
Daily Noon Exchange Rates: 10-Year Lookup - Bank of Canada says
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U.S. dollar (noon)
Date 1 USD -> CAD 1 CAD -> USD
2014-12-31 1.1601 0.8620