This letter serves to notify you of a currency exchange rate adjustment that Sage Fixed Assets plans to apply on August 1, 2015. The increase in the exchange rate of the Canadian dollar against the U.S. dollar has necessitated this adjustment.
Starting August 1, 2015, we will use an exchange rate of 1 U.S. dollar = 1.27 Canadian dollar. The exchange rate will be fixed for a period of one year and readjusted, up or down, based on the exchange rate a year from now.
Thank you for your continued patronage.
Vice President of Sales