MERCER INTERNATIONAL INC
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
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CURRENCY
The following table sets out exchange rates, based on the noon buying rates in New York City for cable transfers in foreign currencies as certified for customs purposes by the Federal Reserve Bank of New York, referred to as the “Noon Buying Rate”, for the conversion of dollars to euros and Canadian dollars in effect at the end of the following periods, the average exchange rates during these periods (based on daily Noon Buying Rates) and the range of high and low exchange rates for these periods:
| Year Ended December 31, | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | 2021 | 2020 | 2019 | |
| ($/€) | |||||
| End of period | 1.1062 | 1.0698 | 1.1318 | 1.2230 | 1.1227 |
| High for period | 1.0453 | 0.9616 | 1.1196 | 1.0682 | 1.0905 |
| Low for period | 1.1237 | 1.1487 | 1.2295 | 1.2280 | 1.1524 |
| Average for period | 1.0817 | 1.0534 | 1.1830 | 1.1410 | 1.1194 |
| ($/C$) | |||||
| End of period | 0.7575 | 0.7390 | 0.7827 | 0.7841 | 0.7715 |
| High for period | 0.7205 | 0.7208 | 0.7727 | 0.6878 | 0.7358 |
| Low for period | 0.7618 | 0.8031 | 0.8312 | 0.7865 | 0.7715 |
| Average for period | 0.7412 | 0.7691 | 0.7981 | 0.7457 | 0.7537 |
On February 12, 2024, the most recent weekly publication of the daily Noon Buying Rate before the filing of this Annual Report on Form 10-K reported that the Noon Buying Rate as of February 9, 2024 for the conversion of dollars to euros and Canadian dollars was $1.0782 per euro and $0.7419 per Canadian dollar.
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