Yearly Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
For U.S. tax reporting purposes, you must translate foreign currency into U.S. dollars if you receive income or pay expenses in a foreign currency. Please note that payments of U.S. tax must be remitted to the U.S. Internal Revenue Service (IRS) in U.S. dollars. Also note that the table below reflects the rates used for converting foreign income, but differ from the rates used to report
foreign financial assets on the FBAR or FinCEN Form 114.
If you need to convert foreign currency in order to file the FBAR,
please use the U.S. Treasury Reporting
Rates of Exchange tables.
To convert from foreign currency to U.S. dollars, divide the foreign currency amount by the applicable yearly average exchange rate in the table below. To convert from U.S. dollars to foreign currency, multiply the U.S. dollar amount by the applicable yearly average exchange rate in the table below.
Yearly Average Exchange Rates
Country |
Currency |
2019 |
2018 |
2017 |
2016 |
2015 |
2014 |
2013 |
|---|---|---|---|---|---|---|---|---|
Afghanistan |
Afghani |
77.579 |
73.598 |
71.086 |
70.645 |
63.653 |
59.771 |
57.822 |
Algeria |
Dinar |
119.402 |
117.409 |
115.876 |
114.431 |
104.883 |
84.242 |
83.339 |
Argentina |
Peso |
48.192 |
28.167 |
17.227 |
15.359 |
9.617 |
8.448 |
5.704 |
Australia |
Dollar |
1.439 |
1.340 |
1.358 |
1.400 |
1.345 |
1.154 |
1.078 |
Bahrain |
Dinar |
0.377 |
0.395 |
0.395 |
0.395 |
0.395 |
0.394 |
0.395 |
Brazil |
Real |
3.946 |
3.655 |
3.322 |
3.632 |
3.468 |
2.451 |
2.249 |
Canada |
Dollar |
1.327 |
1.297 |
1.350 |
1.379 |
1.329 |
1.149 |
1.071 |
Cayman Islands |
Dollar |
0.833 |
0.833 |
0.884 |
0.886 |
0.885 |
0.883 |
0.873 |
China |
Yuan |
6.910 |
6.620 |
7.030 |
6.910 |
6.489 |
6.394 |
6.446 |
Denmark |
Krone |
6.670 |
6.319 |
6.864 |
7.000 |
6.991 |
5.844 |
5.843 |
Egypt |
Pound |
16.809 |
17.809 |
18.586 |
10.462 |
8.044 |
7.399 |
7.185 |
Euro Zone |
Euro |
0.893 |
0.848 |
0.923 |
0.940 |
0.937 |
0.784 |
0.783 |
Hong Kong |
Dollar |
7.835 |
7.838 |
8.105 |
8.073 |
8.062 |
8.065 |
8.067 |
Hungary |
Forint |
290.707 |
270.441 |
285.583 |
293.083 |
290.638 |
242.076 |
232.771 |
Iceland |
Krona |
122.571 |
116.379 |
111.231 |
126.256 |
137.471 |
121.574 |
127.323 |
India |
Rupee |
70.394 |
68.422 |
67.809 |
69.956 |
66.768 |
63.469 |
60.936 |
Iraq |
Dinar |
1191.254 |
1193.478 |
1241.677 |
1236.453 |
1231.234 |
1228.786 |
1225.266 |
Israel |
New Shekel |
3.563 |
3.596 |
3.746 |
3.997 |
4.052 |
3.723 |
3.759 |
Japan |
Yen |
109.008 |
110.424 |
116.667 |
113.138 |
125.911 |
110.101 |
101.517 |
Lebanon |
Pound |
1510.290 |
1511.677 |
1593.969 |
1593.639 |
1588.880 |
1591.284 |
1589.155 |
Mexico |
Peso |
19.246 |
19.227 |
19.679 |
19.435 |
16.505 |
13.840 |
13.275 |
Morocco |
Dirham |
9.614 |
9.389 |
10.230 |
10.279 |
10.206 |
8.828 |
8.829 |
New Zealand |
Dollar |
1.518 |
1.447 |
1.465 |
1.494 |
1.492 |
1.255 |
1.270 |
Norway |
Kroner |
8.802 |
8.143 |
8.606 |
8.745 |
8.392 |
6.558 |
6.117 |
Qatar |
Rial |
3.641 |
3.642 |
3.850 |
3.791 |
3.790 |
3.794 |
3.796 |
Russia |
Rouble |
64.687 |
62.845 |
60.692 |
69.685 |
63.659 |
40.118 |
33.165 |
Saudi Arabia |
Riyal |
3.751 |
3.753 |
3.903 |
3.903 |
3.903 |
3.902 |
3.901 |
Singapore |
Dollar |
1.364 |
1.349 |
1.437 |
1.437 |
1.430 |
1.318 |
1.302 |
South Africa |
Rand |
14.448 |
13.258 |
13.859 |
15.319 |
13.281 |
11.286 |
10.037 |
South Korean |
Won |
1165.697 |
1100.587 |
1178.585 |
1211.121 |
1179.128 |
1098.233 |
1142.933 |
Sweden |
Krona |
9.457 |
8.703 |
8.894 |
8.910 |
8.775 |
7.138 |
6.780 |
Switzerland |
Franc |
0.994 |
0.979 |
1.024 |
1.025 |
1.001 |
0.952 |
0.964 |
Taiwan |
Dollar |
30.898 |
30.152 |
31.683 |
33.586 |
33.089 |
31.566 |
30.945 |
Thailand |
Baht |
31.032 |
32.317 |
35.372 |
36.778 |
35.679 |
33.841 |
32.027 |
Tunisia |
Dinar |
2.925 |
2.71 |
2.513 |
2.237 |
2.044 |
1.771 |
1.695 |
Turkey |
New Lira |
5.685 |
4.849 |
3.794 |
3.146 |
2.834 |
2.276 |
1.982 |
United Arab Emirates |
Dirham |
3.673 |
3.673 |
3.821 |
3.821 |
3.821 |
3.821 |
3.821 |
United Kingdom |
Pound |
0.784 |
0.750 |
0.808 |
0.770 |
0.681 |
0.632 |
0.665 |
Venezuela |
Bolivar (Fuerte) |
9.9875 |
10.452 |
9.447 |
6.562 |
6.555 |
6.312 |
4.473 |
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