Tables of historical exchange rates to the United States dollar

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You must express the amounts you report on your U. Therefore, you must translate foreign currency into U. In general, use the exchange rate prevailing i. The only exception relates to some qualified business units QBUswhich are generally allowed to use the currency of a foreign country. If you have a QBU with a functional currency that is not the U.

A taxpayer may also need to recognize foreign currency gain or loss on certain foreign currency transactions. See section of the Internal Revenue Code and the regulations thereunder. The Internal Revenue Service has no official exchange rate. Generally, it accepts any posted exchange rate that is used consistently. When valuing currency of a foreign country that uses multiple exchange rates, use the rate that applies to your specific facts and circumstances.

The exchange rates referenced on this page do not apply when making payments of U. If the IRS receives U. To convert from foreign currency to U. To convert from U.

For you forex exchange rate history your family. Individuals abroad forex exchange rate history more. EINs and other information. Get Your Tax Record. Bank Account Direct Pay. Debit or Credit Card. Payment Plan Installment Agreement. Standard mileage and other information. Schedule A Form Forex exchange rate history for Automatic Extension of Time. Employer's Quarterly Federal Tax Return. Employee's Withholding Allowance Certificate. Request for Transcript of Tax Return.

Popular For Tax Pros. Apply for Power of Attorney. Apply for an ITIN. Translating foreign currency into U. Currency exchange rates The Internal Revenue Service has no official exchange rate. Yearly average currency exchange rates For additional exchange rates, refer to Foreign Currency and Currency Exchange Rates. Dollars Country Currency Forex exchange rate history Afghani International Taxpayers Press Releases.

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Listed below is a table of historical exchange rates relative to the U. An exchange rate between two currencies fluctuates over time. The value of a currency relative to a third currency may be obtained by dividing one U. The magnitude of the numbers in the list does not indicate, by themselves, the strength or weakness of a particular currency. For example, the U. Then all the numbers in the table would be multiplied by one hundred, but it does not mean all the world's currencies just got weaker.

However, it is useful to look at the variation over time of a particular exchange rate. If the number consistently increases through time, then it is a strong indication that the economy of the country or countries using that currency are in a less robust state than that of the United States see e. The exchange rates of advanced economies, such as those of Japan or Hong Kong , against the dollar tend to fluctuate up and down, representing much shorter-term relative economic strengths, rather than move consistently in a particular direction.

The data is taken at varying times of the year or maybe the average for the whole year. Some of the data for the years refers to the rate on, or close to, January 1 of that year. Some of the data for refers to rates on May 28 for countries beginning with A-E, and June 2 for countries listed F-Z.

Exchange rates can vary considerably even within a year and so current rates may differ markedly from those shown here. From Wikipedia, the free encyclopedia. This article has multiple issues. Please help improve it or discuss these issues on the talk page. Learn how and when to remove these template messages. This article's factual accuracy is disputed. Relevant discussion may be found on the talk page. Please help to ensure that disputed statements are reliably sourced.

June Learn how and when to remove this template message. This article needs to be updated. Please update this article to reflect recent events or newly available information. University of British Columbia. In this table the AFN is used throughout. In this table the new kwanza is used throughout. Since then it has been allowed to float freely. One new ruble is worth 2, old rubles. The new ruble is used throughout in this table. Before , it was pegged to the French Franc.

New levs are used throughout this table. From the rate had been fixed at 8. The Myanma kyat is much weaker on the black market. RON is worth 10, old lei code: All quoted figures refer to new lei, and are based on the National Bank average yearly rate: Lists of countries by financial rankings.

Forex reserves Forex reserves ex. Tax rates Tax revenue Wage average median minimum. Central bank interest rate Commercial bank prime lending rate. Lists of countries by GDP rankings List of international rankings List of top international rankings by country Lists by country.

Retrieved from " https: Accuracy disputes from June All accuracy disputes Wikipedia articles in need of updating from June All Wikipedia articles in need of updating Articles with multiple maintenance issues All articles with unsourced statements Articles with unsourced statements from December Wikipedia articles incorporating text from the World Factbook.

Views Read Edit View history. This page was last edited on 6 April , at By using this site, you agree to the Terms of Use and Privacy Policy. Bosnia and Herzegovina convertible mark. China, People's Republic of. Congo, Democratic Republic of the [18].

Cyprus Greek Cypriot area [20]. Denmark , Faroe Islands , Greenland. Salvadoran colon , U. Israel , West Bank. Lesotho , South Africa , Swaziland. South African rand also, Lesotho loti , Swazi lilangeni. Morocco , Western Sahara. Namibian dollar , South African rand. Dollar , Panamanian balboa. Papua New Guinean kina. Trinidad and Tobago dollar.