FBar £=$ Conversion Rate
Feb 20th 2012, 7:41 pm
#1
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Location: "LA LA Land"
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FBar £=$ Conversion Rate
I want to file the FBar required for 2011:
The Instructions accompanying Form TD F 90-22.1 say that to declare the maximum value of the account during the year in question one should use the conversion rate on 31 Dec 2011 which is posted at: www.fms.treas.gov
However the rates given on this chart are all for converting dollars - in my case - to pounds sterling.
My 3 pensions in UK are in pounds.
I need the rate going from pounds TO dollars.
Where is one supposed to get that info?
What have other FBar filers done? (ie What was the pound sterling to dollar rate - according to US Treasury - on that date?)
Any help would be appreciated
The Instructions accompanying Form TD F 90-22.1 say that to declare the maximum value of the account during the year in question one should use the conversion rate on 31 Dec 2011 which is posted at: www.fms.treas.gov
However the rates given on this chart are all for converting dollars - in my case - to pounds sterling.
My 3 pensions in UK are in pounds.
I need the rate going from pounds TO dollars.
Where is one supposed to get that info?
What have other FBar filers done? (ie What was the pound sterling to dollar rate - according to US Treasury - on that date?)
Any help would be appreciated
Feb 20th 2012, 9:32 pm
#2
Forum Regular
Joined: Dec 2009
Posts: 52
Re: FBar £=$ Conversion Rate
To get the rate the other way around just divide 1 by the rate listed
ie 1 / 0.637 = 1.5698 (1.57). I don't see why that shouldn't be correct
ie 1 / 0.637 = 1.5698 (1.57). I don't see why that shouldn't be correct
Feb 20th 2012, 9:40 pm
#3
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Joined: Aug 2002
Location: Kentucky
Posts: 38,865
Re: FBar £=$ Conversion Rate
Feb 20th 2012, 10:42 pm
#4
BE Forum Addict
Thread Starter
Joined: Oct 2011
Location: "LA LA Land"
Posts: 2,448
Re: FBar £=$ Conversion Rate
Thanks to you both....it's so easy (once you know how
)
)
