Company: FECOF
Filing Date: 2025-07-15
Form Type: 20-F
Source: 0001477932-25-005053
Chunk: 0

Company: FEC Resources Inc.
Filing Date: 2025-07-15
Form: 20-F
Item: Item 3
Chunk 0
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ITEM 3. KEY INFORMATION.

The following is a summary of key information about our financial condition, capitalization and the risk factors pertaining to our business.

Currency Exchange Rates

Table No. 3(A)(1) below sets forth the rate of exchange for the Canadian Dollar at the end of each of the five (5) most recent fiscal years ended December 31, the average rates for each year, and the range of high and low rates for each year. Table 3(A)(2) sets forth the high and low exchange rates for each month during the previous six (6) months. The rate of exchange means the noon buying rate as posted by the Bank of Canada. The Tables set forth the number of Canadian Dollars required under that formula to buy one (1) US Dollar. The average rate means the average of the exchange rates on the last day of each month during the year.

Table No. 3(A)(1)

U. S. Dollar/Canadian Dollar

Currency Exchange Table No. 1

U. S. Dollar/Canadian Dollar

                                  Average      High       Low            
  Fiscal Year Ended 12/31/24         1.37      1.44      1.33      1.44  
  Fiscal Year Ended 12/31/23         1.35      1.39      1.31      1.32  
  Fiscal Year Ended 12/31/22         1.30      1.39      1.25      1.35  
  Fiscal Year Ended 12/31/21         1.25      1.29      1.20      1.27  
  Fiscal Year Ended 12/31/20         1.34      1.45      1.27      1.27  
 ─────────────────────────────────────────────────────────────────────────

The current closing rate of exchange was 1.3643 on June 30, 2025.

Table No. 3(A)(2)

U. S. Dollar/Canadian Dollar

            1/25                                                              
 ──────────────────────────────────────────────────────────────────────────────
  High                1.45      1.46      1.45      1.44      1.40      1.38  
  Low                 1.43      1.42      1.43      1.38      1.37