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Treasury Reporting Rates of Exchange

Treasury Reporting Rates of Exchange

Old Jan 7th 2022, 12:11 pm
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Default Treasury Reporting Rates of Exchange

The December 31, 2021 rate, which is required for FBAR calculations, is now available. GBP/USD rate is 0.74

https://fiscaldata.treasury.gov/data...es-of-exchange
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Old Jan 7th 2022, 12:40 pm
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Default Re: Treasury Reporting Rates of Exchange

Many thanks for this, did my spreadsheet of max values in GBP last night!
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Old Jan 8th 2022, 3:49 pm
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Default Re: Treasury Reporting Rates of Exchange

I have been using Yearly Average Currency Exchange Rates | Internal Revenue Service (irs.gov) which has it as 0.727
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Old Jan 8th 2022, 6:40 pm
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Default Re: Treasury Reporting Rates of Exchange

Originally Posted by OldJuddian View Post
The Treasury Rate on December 31st is the one required to be used for FBAR. The average rate is an unofficial figure mostly used for tax returns.
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