Q1 2017 Financial Performance

FX Movements versus Canadian Dollar Canadian (Appreciation) / Currency Depreciation Q1/17 Q4/16 Q1/16 Q/Q Y/Y Spot U.S. Dollar 0.769 0.746 0.713 -3.1% -7.7% Mexican Peso 16.026 14.09 12.938 -13.7% -23.9% Peruvian Sol 2.514 2.508 2.479 -0.2% -1.4% Colombian Peso 2,248 2,240 2,351 -0.3% +4.4% Chilean Peso 498.4 487.0 509.0 -2.3% +2.1% Average U.S. Dollar 0.750 0.762 0.729 +1.7% -2.9% Mexican Peso 15.50 14.39 12.57 -7.7% -23.4% Peruvian Sol 2.533 2.565 2.466 +1.3% -2.7% Colombian Peso 2,265 2,239 2,317 -1.2% +2.2% Chilean Peso 498.2 505.8 517.5 +1.5% +3.7% 34 Scotiabank®

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