Exchange rate for 2013?
Jan 3rd 2014, 6:58 pm
#1
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Exchange rate for 2013?
Maybe a little premature but does anyone know the average exchange rate euro to pound needed for tax and modelo 720 requirements?
Jan 4th 2014, 6:44 am
#2
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Location: Granada Costa
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Re: Exchange rate for 2013?
The average rate for the year was 1.178
The rate on 31st December was 1.199
The rate on 31st December was 1.199
Last edited by Fred James; Jan 4th 2014 at 6:55 am.
Jan 4th 2014, 9:18 am
#3
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Re: Exchange rate for 2013?
Thanks a lot.
Jan 4th 2014, 3:37 pm
#4
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Re: Exchange rate for 2013?
This is the official rate for the 2013 720 filing :-
The exchange rate is : 1 euro = 0.8364 pounds
My gestoria gave me this yesterday as for personal reasons I have to file this week.
The exchange rate is : 1 euro = 0.8364 pounds
My gestoria gave me this yesterday as for personal reasons I have to file this week.
Jan 4th 2014, 3:55 pm
#5
Joined: Jun 2006
Location: Granada Costa
Posts: 10,894
Re: Exchange rate for 2013?
The figure used for the Form 720 is the rate at the end of December.
According to the Bank of Spain it was 0.8337
http://www.bde.es/webbde/es/estadis/infoest/tc_1_1e.pdf
According to the Bank of Spain it was 0.8337
http://www.bde.es/webbde/es/estadis/infoest/tc_1_1e.pdf
Last edited by Fred James; Jan 4th 2014 at 4:06 pm.
Jan 5th 2014, 8:07 am
#6
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Re: Exchange rate for 2013?
The figure used for the Form 720 is the rate at the end of December.
According to the Bank of Spain it was 0.8337
http://www.bde.es/webbde/es/estadis/infoest/tc_1_1e.pdf
According to the Bank of Spain it was 0.8337
http://www.bde.es/webbde/es/estadis/infoest/tc_1_1e.pdf
In actual fact what the bank of spain says is in this case irrelevant, the exchange rate used on the 720 is specified on Boletin number BOE-A-2013-13837. Relevant content pasted from pdf below, sorry for the bad formatting. However you can see it specifies 0.8364.
III. OTRAS DISPOSICIONES
BANCO DE ESPAÑA
13837
Resolución de 30 de diciembre de 2013, del Banco de España, por la que se publican los cambios del euro correspondientes al día 30 de diciembre de 2013, publicados por el Banco Central Europeo, que tendrán la consideración de cambios oficiales, de acuerdo con lo dispuesto en el artículo 36 de la Ley 46/1998, de 17 de diciembre, sobre la Introducción del Euro.
CAMBIOS
1 euro = 1,3783 dólares USA.
1 euro = 145,02 yenes japoneses.
1 euro = 1,9558 levs búlgaros.
1 euro = 27,48 coronas checas.
1 euro = 7,4603 coronas danesas.
1 euro = 0,8364 libras esterlinas.
1 euro = 296,8 forints húngaros.
1 euro = etc etc
rands sudafricanos.
Madrid, 30 de diciembre de 2013.–El Director General de Operaciones, Mercados y Sistemas de Pago, Javier Alonso Ruiz-Ojeda.
Jan 5th 2014, 9:05 am
#7
Joined: Jun 2006
Location: Granada Costa
Posts: 10,894
Re: Exchange rate for 2013?
Irrespective of that, the Form 720 guidance says that it is the value on the 31st December not the 30th which is the rate your gestor quoted.
Since you don't have to quote the rate, just what you have declared as the Euro value, it doesn't make too much difference anyway.
Since you don't have to quote the rate, just what you have declared as the Euro value, it doesn't make too much difference anyway.
Jan 5th 2014, 9:30 am
#8
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Re: Exchange rate for 2013?
My gestoria didn't quote the rate the European Central Bank did....
In the end use whatever of the two you are comfortable with.
In the end use whatever of the two you are comfortable with.
