2017 Currency Conversion Rates

Below are the safe harbor exchange rates published by the U.S. Department of the Treasury for use in the preparation of U.S. federal income tax returns. These are the direct conversion rates from 1 foreign currency to USD.

Country

Currency

USD

Afghanistan

1 Afghani

0.0141

Algeria

1 Dinar

0.0086

Argentina

1 Peso

0.0580

Australia

1 Dollar

0.7364

Bahrain

1 Dinar

2.5316

Brazil

1 Real

0.3010

Canada

1 Dollar

0.7407

Cayman Islands

1 Dollar

1.1312

China

1 Yuan

0.1422

Denmark

1 Krone

0.1457

Egypt

1 Pound

0.0538

Euro Zone

1 Euro

1.0834

Hong Kong

1 Dollar

0.1234

Hungary

1 Forint

0.0035

Iceland

1 Krona

0.0090

India

1 Rupee

0.0147

Iraq

1 Dinar

0.0008

Israel

1 New Shekel

0.2670

Japan

1 Yen

0.0086

Lebanon

1 Pound

0.0006

Mexico

1 Peso

0.0508

Morocco

1 Dirham

0.0978

New Zealand

1 Dollar

0.6826

Norway

1 Kroner

0.1162

Qatar

1 Rial

0.2597

Russia

1 Rouble

0.0165

Saudi Arabia

1 Riyal

0.2562

Singapore

1 Dollar

0.6959

South Africa

1 Rand

0.0722

South Korean

1 Won

0.0008

Sweden

1 Krona

0.1124

Switzerland

1 Franc

0.9766

Taiwan

1 Dollar

0.0316

Thailand

1 Baht

0.0283

Tunisia

1 Dinar

0.3979

Turkey

1 New Lira

0.2636

United Arab Emirates

1 Dirham

0.2617

United Kingdom

1 Pound

1.2376

Venezuela

1 Bolivar (Fuerte)

0.0957

For “spot rates” on specific dates, use this calculator:

Currency Converter by OANDA

For economically unstable areas where there is a more accurate black market rate, such as Venezuela, label it the “free market rate.” See Treas. Reg. § 1.988-1(d)(4)(i).

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