TeresaM
Expert Alumni

Get your taxes done using TurboTax

For income, the IRS says, " The Internal Revenue Service has no official exchange rate. Generally, it accepts any posted exchange rate that is used consistently."  If there are US tax payments made in foreign currency, then that will be the rate used by the bank on the day the conversion is made.
You can use IRS conversions at this site. IRS Yearly Average Currency Exchange Rates

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