Thursday, February 12, 2015

Historic Exchange Rate (for FBAR and 8938)

Found a website where you can obtain information about past exchange rate...(to calculate interest amount for foreign bank accounts INTs)
http://www.x-rates.com/historical/

Correction (Feb18, 2015): Please disregard the above info that I posted last week. For FBAR & 8938 filing, we need to use- specifically, the end-of-year exchange rates posted by the Treasury, which can be obtained here (I'm including the links...and a screenshot to show what the page looks like):-

http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Treasury-Department-End-of-Year-Exchange-Rates

Year 2008
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Treasury-Reporting-Rates-of-Exchange-as-of-December-31-2008

Year 2009
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Treasury-Reporting-Rates-of-Exchange-as-of-December-31-2009

Year 2010
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Treasury-Reporting-Rates-of-Exchange-as-of-December-31-2010

Year 2011
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Treasury-Reporting-Rates-of-Exchange-as-of-December-31-2011



Year 2012
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Treasury-Reporting-Rates-of-Exchange-as-of-December-31-2012


Year 2013
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Treasury-Reporting-Rates-of-Exchange-as-of-December-31-2013


Year 2014
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Treasury-Reporting-Rates-of-Exchange-as-of-December-31-2014

You may also be able to get the rates directly from the source- Treasury's website (below), but the last time I checked, only info for the most recent 2 years 2013 & 2014 were available
 http://www.fiscal.treasury.gov/fsreports/rpt/treasRptRateExch/treasRptRateExch_home.htm

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