What source does Spray Net use to determine the USD to CAD exchange rate?
Spray_Net Franchise · 2025 FDDAnswer from 2025 FDD Document
e exchange rate, as reflected below in this Item 19, our U.S. franchisees charge and are typically paid more on a per-job basis than the CN Business
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 63–72)
What This Means (2025 FDD)
According to Spray Net's 2025 Franchise Disclosure Document, the exchange rate as of the issuance date of April 15, 2024, is $1 USD = $1.4011 CAD. Spray Net obtains this exchange rate information from www.bankofcanada.ca.
Spray Net discloses financial information for Canadian (CN) businesses in Canadian dollars and encourages prospective franchisees to review these figures in light of the current exchange rate both when they receive the disclosure document and when they purchase franchise rights. This is due to the constant fluctuation between the USD and CAD.
Spray Net also notes that U.S. franchisees typically charge and are paid more on a per-job basis than the CN Businesses, which may offset some of the currency exchange considerations. It is important for potential franchisees to consult with financial advisors regarding currency conversions and financial projections.